Main Subject - Business

Franchisees of a particular franchise must get along in order for the team to hyperspace the competition. Recently our company;

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

Franchising.org did a study and surveyed the franchisors on our website. As it turns out none of them had any information in t

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

heir Confidential Operations Manual of any substance on how franchisees could increase their synergies by working very closely

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

ogether within a region. Only a couple of companies had anything at all on the subject and indeed even these were limited to ma

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

ybe one page or a couple of paragraphs.

In my franchise company, CarWashGuys.com we have a whole chapter of about 40 pages on

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

his one subject; “Other Franchisee Relations” it is called. Franchising is as much about networking with the team as it is abou

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

t delivering above expectations to the consumer. If you work in a large company with many outlets or a franchised company you n

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

eed to develop your own Franchisee Relations Manual, which specifically addresses networking between you team for “regional dom

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

nation.” Yes, like you I played sports to and am quite aggressive when it comes to winning customers and beating the competitio

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

n. If you really want to beat the competition, then take this outline below and modify it to fit your own business model since

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

e are in different industries and then take each item and draw up some points you wish to consider, then run it by your marketi

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

ng team and develop several paragraphs to each item. Then have a graphic artists dress it up. Then at the next annual meeting,

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

have a team work or networking session and give it out as part of their Confidential Operations Manual and watch how much thing

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

change for the better. Wouldn’t you like to see your same store sales blow thru the roof in the next consecutive quarters? Sur

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

ely you would. It maybe possible, thank me later you have work to do.

OTHER FRANCHISEE RELATIONS

I. TERRITORY DISPUTES

A. B

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

Fair

B. Leave Franchisor Out Of It

C. Trade For Leads

D. Unlicensed Areas

E. Who Was There First

F. Family Works The

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

re

G. Referrals For family

II. TEAM WORK

A. Referrals

B. Joint Accounts

C. Talk Highly

D. Free Car Wash If Complime

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

nt

E. Fundraisers

F. Chamber of Commerce Meetings

G. Clubs/Organizations

H. Trade Employees

I. Go Have Fun Together

.

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

. Blitz Refreshers

K. Co-Op Ads - Split Cost

L. Small Parades

III. COMMUNICATION

A. Call And Say Hi

B. Monthly Meeti

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

ngs

C. Know What Others Are Doing

D. Vacation Managing

E. Learn From Them

F. Correspondence Through Area Representative

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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We live in a world of constant change, and even though the vast majority of these changes are for the better, change is still something that many people – and therefore many organisations – can find ...

I am going to begin this article by sharing a shocking fact…. Did you know that if you opened the door on every single budgie cage around the world (and we are talking a lot of cages here...) fewer than 5% of our imprisoned feathered friends would actually embrace the window of opportunity provided and fly away!

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