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Digg It - Hold Your Nose and Look into Opportunities Others Avoid to Make 20 Times Faster Improvements
FIRST IMPRESSIONS CAN KEEP YOU FROM OPPORTUNITIES
Most people can identify situations in which they dismissed an opportunity that someone else capitalized on later. Often these opportuni
Most people can identify situations in which they dismissed an opportunity that someone else capitalized on later. Often these opportuni
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
ties were overlooked or rejected because they were perceived as dull, boring, or unpleasant. You may recall the fairy tale of "The Ugly Duckling." It is the story of a cast-off baby bird
; 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
that is mistreated because it is unattractive to the young ducklings raised with it. Much to everyone's surprise the ugly duckling develops into a beautiful swan. Thus, what we call the u
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
nattractiveness stall prevents people from seeing potential because they make judgments based on insufficient knowledge.
As you contemplate this point, it is worth remembering that if Al
As you contemplate this point, it is worth remembering that if Al
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
exander Fleming had been unwilling to work with the unpleasant green mold that affects stale bread, the world might not yet have the wonder drug penicillin and its heirs.
DON'T TAKE MY P
DON'T TAKE MY P
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
CTURE, I'll Break the Camera
The Taj Mahal
All too frequently, management becomes engrossed in creating posh office space. Having feathered their nests, executives avoid the ugly duckli
The Taj Mahal
All too frequently, management becomes engrossed in creating posh office space. Having feathered their nests, executives avoid the ugly duckli
ucts have become life saving products for the pharmaceutical companies who doesnt have many innovative molecules in their product pipeline and have been inc
ng sites that need attention.
In many companies, distribution is one such ugly duckling. Trucks and loading docks excite few corporate chieftains. Yet Wal-Mart struck gold by focusing on
In many companies, distribution is one such ugly duckling. Trucks and loading docks excite few corporate chieftains. Yet Wal-Mart struck gold by focusing on
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
fast deliveries through warehouses serving constellations of stores. As a result of its efficiency, Wal-Mart can offer lower prices and attract more value-seeking customers.
The Ivory T
The Ivory T
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ower
Executives dislike dealing with customer complaints. In fact, very few top-level executives will talk with unhappy customers. Junior people deal with those problems. Fearing that th
Executives dislike dealing with customer complaints. In fact, very few top-level executives will talk with unhappy customers. Junior people deal with those problems. Fearing that 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
e bearer of bad news may pay a heavy price, workers often sugarcoat customer unhappiness or badly conceal it.
STALL ERASERS
Losses Are Uglier Than the Dumpster's Contents
One open-mind
STALL ERASERS
Losses Are Uglier Than the Dumpster's Contents
One open-mind
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
d CEO ran a successful restaurant business. His success was due to starting his restaurant tours at the dumpster, one of the least attractive parts of any restaurant. The CEO could judge
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
the restaurant's health by what the dumpster contained. Decaying raw food suggested over ordering of supplies. Too much decaying cooked food meant that the kitchen was having problems. Oc
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
casionally, he even found carefully wrapped, fresh prime steaks
indicating that employees were stealing food.
Floored
Packages that protect products are usually seen as necessary, but
Floored
Packages that protect products are usually seen as necessary, but
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
not important. Crafty Henry Ford thought otherwise. On realizing that batteries for his cars came in solid wooden boxes, Ford specified the details of those boxes. After the battery was
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
removed, workers took out the screws and used the wood as floorboards for his Model A.
STALLBUSTERS
ServiceMaster has made a good living by solving the ugliest, dirtiest and smelliest p
STALLBUSTERS
ServiceMaster has made a good living by solving the ugliest, dirtiest and smelliest p
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
oblems its customers have. Perhaps you can do the same.
Find Your Ugly Ducklings
Here are questions to help you find hidden opportunities:
Where are the places that executives and ma
Find Your Ugly Ducklings
Here are questions to help you find hidden opportunities:
Where are the places that executives and ma
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
nagers seldom visit?
What can be learned by investigating those unattractive places?
Which potential customers are perpetually shunned?
Which kinds of potential employees are nev
What can be learned by investigating those unattractive places?
Which potential customers are perpetually shunned?
Which kinds of potential employees are nev
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
er hired?
Which suppliers are avoided?
What services are avoided?
Turn Your Ugly Ducklings into Swans
How can you use an open mind and thoughtful questions to learn more about t
Which suppliers are avoided?
What services are avoided?
Turn Your Ugly Ducklings into Swans
How can you use an open mind and thoughtful questions to learn more about t
.
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
hese areas?
Who already sees these ugly ducklings as swans? Why?
How could each of these ugly ducklings be one of your best opportunities?
Who could help you to better see, hear,
Who already sees these ugly ducklings as swans? Why?
How could each of these ugly ducklings be one of your best opportunities?
Who could help you to better see, hear,
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
and feel these opportunities?
How could you easily and inexpensively test out ideas related to the worth of these opportunities?
Copyright 2007 Donald W. Mitchell, All Rights Reserve
How could you easily and inexpensively test out ideas related to the worth of these opportunities?
Copyright 2007 Donald W. Mitchell, All Rights Reserve
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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