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Main Subject - Position Your Business in The Market Globally
The U. S. Department of Defense (DOD) owns and
operates the Global Positioning System (GPS),
including 24 satellites, each orbiting the earth every
12 hours.
GPS, a navigational system, computes the position and velocity of things in a high
GPS, a navigational system, computes the position and velocity of things in a high
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
ly detailed, three
dimensional way. The GPS costs $400 million
annually, and it is essential for our national defense.
Civilian GPS usage is increasing rapidly. For example, many newer cars and boats have GPS navigation systems to show wher
Civilian GPS usage is increasing rapidly. For example, many newer cars and boats have GPS navigation systems to show wher
; 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
you are, where you want to
go, and how to get there.
There are hand held GPS devices, too, priced around $100.
Let’s apply this GPS principle—positioning--to your business and the businesses of your clients in their markets.
How broad ar
There are hand held GPS devices, too, priced around $100.
Let’s apply this GPS principle—positioning--to your business and the businesses of your clients in their markets.
How broad ar
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
your—and their---present markets?
Local, regional, national, international or global?
What are your Business Plan goals and those of your clients? In what direction, and at what velocity, are you--and your clients-- moving toward attaining
What are your Business Plan goals and those of your clients? In what direction, and at what velocity, are you--and your clients-- moving toward attaining
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
our
21st Century business goals? And how are you
getting there (strategies and tactics)?
In most cases, a business should be moving toward a global positioning. Why limit your business to a neighborhood, town or city, region or just one na
In most cases, a business should be moving toward a global positioning. Why limit your business to a neighborhood, town or city, region or just one na
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
tion? In the 21st Century,
that’s neither necessary nor desirable.
21st Century global tools, in addition to GPS, are at your fingertips to operate a global business from one place. These tools are:
1. World phones. You have one wireless ph
21st Century global tools, in addition to GPS, are at your fingertips to operate a global business from one place. These tools are:
1. World phones. You have one wireless ph
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
ne, one phone
number, one bill to pay. With a world phone, you can talk
to people in 140 countries. World phones are very helpful
for international travelers.
2. VOIP phone service over the Internet. You can make free calls from your comput
2. VOIP phone service over the Internet. You can make free calls from your comput
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
r to other computers on the Internet.
You call people offline from your computer, but that’s not free. There is a modest fee structure for this.
3. The Internet itself. With email, and with Internet Messenger (IM), you can communicate to aroun
You call people offline from your computer, but that’s not free. There is a modest fee structure for this.
3. The Internet itself. With email, and with Internet Messenger (IM), you can communicate to aroun
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
the world in just a few seconds.
People can find your business website anywhere in the world 24/7. And with an online store, you can sell from your website to almost anyone, anywhere, 24/7.
Everything moves and happens much faster in the 21st
People can find your business website anywhere in the world 24/7. And with an online store, you can sell from your website to almost anyone, anywhere, 24/7.
Everything moves and happens much faster in the 21st
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
Century.
Now is not a time for dithering slowpokes, indecisively whiny people,
and those clinging to, and living in, the past (specifically, the 20th Century).
Brian Tracy says that knowledge doubles and triples every two to three years. If y
Brian Tracy says that knowledge doubles and triples every two to three years. If y
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
u don't keep on learning, you will know less and less of total available
knowledge, simply be learning nothing new, as each new day dawns.
"The global society demands the latest information anytime, anywhere, using any device. Mobility is the k
"The global society demands the latest information anytime, anywhere, using any device. Mobility is the k
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
y," says Stratton Sclavos, CEO, VeriSign.
That's why, for example, email and Instant Messaging (IM) are so important today.
Yet some snoozing people ignorantly and erroneously claim that everything is just the same as 100 years ago.
As an examp
That's why, for example, email and Instant Messaging (IM) are so important today.
Yet some snoozing people ignorantly and erroneously claim that everything is just the same as 100 years ago.
As an examp
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
e, many chambers of commerce focus only on the local market,
asking members to support the chamber with membership fees and volunteer
work.
In return, local members meet and contact other local members, doing local business together. However
In return, local members meet and contact other local members, doing local business together. However
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
, doing business globally--or even outside
the local area--typically is not part of their business tunnel vision.
What a shame that tradition, provincialism and/or xenophobia (fear of foreigners), and myopia limit or impede great global busines
What a shame that tradition, provincialism and/or xenophobia (fear of foreigners), and myopia limit or impede great global busines
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
possibilities.
In the book "The Lexus & The Lemon Tree," the author, Thomas L. Freidman, recalls being in Japan, attending a major Lexus corporate event and riding on a new high speed train.
While riding on the train, he read a newspaper, whi
In the book "The Lexus & The Lemon Tree," the author, Thomas L. Freidman, recalls being in Japan, attending a major Lexus corporate event and riding on a new high speed train.
While riding on the train, he read a newspaper, whi
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
h reported on a small
incident in an ages old, petty feud between Palestinians and Israelis over
ownership of just one lemon tree.
Absurdly enough, we live in a world where some invest their time and talent in the high quality, highly automat
Absurdly enough, we live in a world where some invest their time and talent in the high quality, highly automat
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
d, exquisite cars--while others waste their
time in petty, unresolved squabbles over a single tree.
Business people of all nations need to focus on the large Lexus-size opportunities rather than the limited lemon tree feuds.
Position your busi
Business people of all nations need to focus on the large Lexus-size opportunities rather than the limited lemon tree feuds.
Position your busi
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ness globally. "Think Big. Live Large," says "The Donald" (Trump).
Determine your business global position now--and where you will take it in the next three years. Rewrite your plans to capitalize on 21st Century opportunities. Position yoursel
Determine your business global position now--and where you will take it in the next three years. Rewrite your plans to capitalize on 21st Century opportunities. Position yoursel
.
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
and your business skillfully.
Don't be left behind in the previous (20th) Century.
Remember the movie "Kate & Leopold?" Leopold was a royal person from another era unable to comprehend modern times. He fell in love with Kate, and they went b
Don't be left behind in the previous (20th) Century.
Remember the movie "Kate & Leopold?" Leopold was a royal person from another era unable to comprehend modern times. He fell in love with Kate, and they went b
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
ck in time together, living happily ever after in the past.
That kind of stuff happens only in the movies. You don't get the option of living in the past. You can't return there, as Leopold did.
Instead, learn how to succeed in the 21st Century
That kind of stuff happens only in the movies. You don't get the option of living in the past. You can't return there, as Leopold did.
Instead, learn how to succeed in the 21st Century
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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