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Main Subject - Virtual Meetings Cut Travel Costs
A majority of companies have higher travel expenses than they need," says Alisa Jenkins, senior director at Bredin Business Information, a business consulting firm. "This doesn't mean you have to cut out all travel. There are still many cases where meeting face to face is best. But there are also good ways to meet virtually that can m
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
ake many of your business trips unnecessary."
Alternatives to business travel - such as web conferencing with Microsoft Office Live Meeting or similar products - continue to improve with advances in internet and related technologies, most agree. We'll address the options, including video conferencing, teleconferencing, online collabo
Alternatives to business travel - such as web conferencing with Microsoft Office Live Meeting or similar products - continue to improve with advances in internet and related technologies, most agree. We'll address the options, including video conferencing, teleconferencing, online collabo
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
ration tools and the web conferencing in detail below.
But first: When do you absolutely need to meet? Here are some scenarios mentioned by experts:
But first: When do you absolutely need to meet? Here are some scenarios mentioned by experts:
- You are meeting a new client.
- You are introducing new people - perhaps your replacement - to an ongoing but important business relationship.
- You are attempting
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
to close a significant sale or cut an important deal.You are delivering a product that you must demonstrate. You need to resolve a controversial or complex problem, or discuss top-secret matters such as an acquisition or merger. You need to meet with an attorney to discuss legal matters. You need to
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
solicit money from an investor.You are making sales or training presentations and your materials are best presented in person. Your competitors are meeting face to face with a client you want. Perhaps you could add other scenarios specific to your comp
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
any or industry. The point is, meetings remain critical to the success of your business.
However, there are many meetings where technology can substitute for travel easily and effectively.
"You generally need to find the wherewithal to make that initial contact face to face," says Diane Parks, an information technology products rese
However, there are many meetings where technology can substitute for travel easily and effectively.
"You generally need to find the wherewithal to make that initial contact face to face," says Diane Parks, an information technology products rese
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
ller. "But once you have established a relationship, technology can save you time and money for your later meetings."
"It depends on the level of importance and whether deal-making is involved," adds Bruce D. Phillips, senior fellow for regulatory studies at the United States-based National Federation of Independent Business. He says
"It depends on the level of importance and whether deal-making is involved," adds Bruce D. Phillips, senior fellow for regulatory studies at the United States-based National Federation of Independent Business. He says
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
there are times when professional meetings, like conventions, may be dispensable.
With increased airport security and the time it takes to get through airports now, the "quick trip" - where you fly to and from a meeting on the same day - isn't so quick, or practical, anymore, Parks adds.
"Virtual meetings" may not be as much fun, b
With increased airport security and the time it takes to get through airports now, the "quick trip" - where you fly to and from a meeting on the same day - isn't so quick, or practical, anymore, Parks adds.
"Virtual meetings" may not be as much fun, b
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
t they can allow you to get a lot of work done at less expense. Here's a rundown of the alternatives:
Video Conferencing An interactive use of video, computing and communication technologies to allow people in two or more locations to meet - either one-on-one or in groups of up to a dozen people or so - without being physically toge
Video Conferencing An interactive use of video, computing and communication technologies to allow people in two or more locations to meet - either one-on-one or in groups of up to a dozen people or so - without being physically toge
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
ther. Video can be streamed over the Internet or broadcast over television monitors.
Pluses: High-end video conferencing systems (such as those owned by many larger corporations) can bring together large groups of people in disparate locales to hear speeches and presentations in a broadcast-quality setting. But video
Pluses: High-end video conferencing systems (such as those owned by many larger corporations) can bring together large groups of people in disparate locales to hear speeches and presentations in a broadcast-quality setting. But video
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
conferencing today also can be done on the cheap, with inexpensive webcams and free or low-cost software, such as Microsoft NetMeeting.
Minuses: Unless you go to a video conferencing centre, audio and video equipment must be purchased. (NetMeeting, for example, requires a PC sound card with a microphone and speakers
Minuses: Unless you go to a video conferencing centre, audio and video equipment must be purchased. (NetMeeting, for example, requires a PC sound card with a microphone and speakers
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
, as well as a video capture card or camera for video support.) Most video conferencing providers charge by the hour, so you may feel pressured to end on the hour and leave business undone.
Web Conferencing Video conferencing without the video - or, put anot
Web Conferencing Video conferencing without the video - or, put anot
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
er way, teleconferencing with the addition of the web for interactive presentations, using PowerPoint, Excel or other documents. Audio can be transmitted by telephone and/or PC microphones.
Pluses: All you need is Internet access and a phone. You can make presentations at once to as many as 2,500 people in different
Pluses: All you need is Internet access and a phone. You can make presentations at once to as many as 2,500 people in different
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
locations. You don't have to email the PowerPoint slides or other documents to your audience ahead of time - you use the visuals and highlight points in real time. Other participants can also use drawing tools to make points or take control of your presentation as well. NetMeeting works well for web conferencing as well.
Minu
Minu
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
ses: It's certainly not the same as meeting in person, and you miss out on people's facial expressions and body language, unlike video conferencing. But for straightforward business plan reviews, sales meetings, software demonstrations and customer presentations, it works - and brings a lot of people from far and wide togethe
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
r for one meeting.
Teleconferencing Teleconferencing services are offered by long-distance carriers or independent service bureaus using sophisticated call connection "bridges" to join many different phone calls into a single conversation.
Pluses: Calls can be set up quickly and easily, at relatively low cost. All
Teleconferencing Teleconferencing services are offered by long-distance carriers or independent service bureaus using sophisticated call connection "bridges" to join many different phone calls into a single conversation.
Pluses: Calls can be set up quickly and easily, at relatively low cost. All
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
you need is a telephone. Accompanying documents can be faxed, emailed or shipped overnight to meeting participants in advance, if necessary.
Minuses: Teleconferences work well for simple information sharing and straightforward decision-making that require no visual presentation. But they are not a suitable way to dis
Minuses: Teleconferences work well for simple information sharing and straightforward decision-making that require no visual presentation. But they are not a suitable way to dis
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
cuss more-complicated matters, which could be presented better via web conferencing. Teleconferencing also is not a desirable way to begin or even further an important business relationship. But, in a pinch, it can accomplish a lot.
Online Collaboration Tools While email remains a key business tool, this discussion will focus on ext
Online Collaboration Tools While email remains a key business tool, this discussion will focus on ext
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
ranets - private websites that allow you to share files, documents and use message boards with selected customers or partners.
Pluses: Having an extranet won't take the place of a long-distance meeting using one of the alternatives above. But it can, over time, reduce the need for some meetings by allowing you to hav
Pluses: Having an extranet won't take the place of a long-distance meeting using one of the alternatives above. But it can, over time, reduce the need for some meetings by allowing you to hav
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
e ongoing communication and document-sharing.
Minuses: You can communicate in real time using chat or instant messaging, but most communication is not interactive. Extranets, however, effectively can turn a teleconferencing session into a web conferencing one if all of the participants have access to the private site
Minuses: You can communicate in real time using chat or instant messaging, but most communication is not interactive. Extranets, however, effectively can turn a teleconferencing session into a web conferencing one if all of the participants have access to the private site
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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