| Main Subject |
Hubs | Hubbers | Topics | Request |
| #1 in Business | Subscribe Email Print |
|
You are here: Home > Business > Ethics > Discussion on Ethics of the MLM Sales Pitch |
|
Main Subject - Discussion on Ethics of the MLM Sales Pitch
Many people say that MLMs or Multi Level Marketing company sales pitches are phony a 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 nd unethical, as they do not seem to relay all the truth up front. These techniques ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in eem to do two things; one it sparks curiosity to learn more; and two it often makes lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. people skeptical. It is the skeptical “what’s the catch” issue, which leads people t here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe think fraud, scam or pyramid scheme. Admit it you yourself have likened multi-leve d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro l marketing type business opportunities to pyramid schemes, haven’t you? Indeed, I s 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 e your point about the pyramid scheme and I tend to agree to limited degree really. 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 Personally I think the methods used to sell it, recruit and sign people up are compl nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically tely outlandish. I do not know why anyone would want to be involved with it using th 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 ose tactics. Why not be upfront with it, if it is so great? Why not answer the ques ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi ions? Why not tell it like it is, it really is? You know there are some MLMs, which ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a o, they actually tell you everything up front? Of course you know from psychology th dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod at people tend to become curious and want to know more. Human nature. Yourself for i cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin stance, don't you find it fascinating and somewhat intriguing? And now that I have tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen brought this subject up out of the blue; you see how you are dwelling on this whole 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 hing? I think the MLM companies use these emotional trigger sales tactics, because t ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust hey work. These companies after giving hundreds of millions of presentations world w y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products de, well they have had enough practice to know what works and that is what they do? . 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 Not sure it is as bad as the church music set at 90 beats per second to put you in a elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip theta state of mind as they pass the tithing dish, but almost. Think on this in 2006 tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
HTTP = HTML link (for blogs, profiles,phorums):
Related Articles:Compassion: Bringing Your Humanity to Work The Secrets of Instant Success Innovation, Learning and Motivation
|