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Main Subject - Ralph Waldo Emerson Weighs In On Business Coaching
I’ve been struggling to devise a distinction between management consulting and busines
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
s coaching.
Some of the apparent differences that come to mind are these:
(1) Consul
Some of the apparent differences that come to mind are these:
(1) Consul
; 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
tants tend to fly great distances on planes, while coaches are often locals who take t
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
e bus, hitchhike, or walk.
(2) Consultants have MBA’s or a Ph.D. while coaches might
(2) Consultants have MBA’s or a Ph.D. while coaches might
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
have squeaked their way through high school.
(3) Coaches come cheap. Consultants cost
(3) Coaches come cheap. Consultants cost
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
bigger bucks.
(4) Consultants dress better and are generally better looking.
(5) Con
(4) Consultants dress better and are generally better looking.
(5) Con
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
sultants are fifty times more likely to have season tickets to the chamber orchestra.
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
Well, as you can imagine, these differences aren’t very impressive.
But I happened u
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
on a quote, quite a famous one from Ralph Waldo Emerson, that great American philosoph
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
er and man of letters, that seems to separate the wheat from the proverbial chaff.
Do
Do
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
you recall that Emerson said it is man’s fondest wish to find someone who will make us
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
do what we can?
That’s a coach, plain and simple.
Coaches get us to take action on
That’s a coach, plain and simple.
Coaches get us to take action on
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
what we already know we should be doing. We don’t need the skills, because we have the
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
. We’re up to the task.
What we need is motivation, discipline, and accountability, a
What we need is motivation, discipline, and accountability, a
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
nd coaches provide these things.
Consultants, on the other hand, generally get us to
Consultants, on the other hand, generally get us to
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
o what we DON’T know to how to do. In fact, they tell us WHAT to do, and HOW to do it.
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
Consultants are experts, whereas coaches could be your neighbor, Bill, a good listen
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
er, but not a wunderkind. He’s just a great guy who cares about you, and someone who k
.
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
eps you honest.
I’m going to test Emerson’s definition with the Consulting class that
I’m going to test Emerson’s definition with the Consulting class that
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
I teach at UCLA and see what they think.
Why, not? Who can go wrong in quoting Waldo
Why, not? Who can go wrong in quoting Waldo
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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