Tags |
|
|
Links |
|
|
Digg It - Einstein - Definition of Insanity
Insanity in the Sign & Graphics Industry
Einstein’s Definition
Albert Einstein once said “The definition of insanity is doing the same thing over and over again and expecting different results”. Think about this quote for a second and ask yourself, does this quote apply to the way you run your company?
Have you been doing the same
Einstein’s Definition
Albert Einstein once said “The definition of insanity is doing the same thing over and over again and expecting different results”. Think about this quote for a second and ask yourself, does this quote apply to the way you run your company?
Have you been doing the same
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
thing over and over again expecting different results? If so, then you might want to keep on reading. In a world where technology is becoming a key productivity tool to the success of any business, it simply comes down to, are you accepting and harnessing technology or rejecting it. Are you willing to change or will you do the sam
; 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
e thing over and over again? T
Here are two main reasons why I pose this question. First, many shop owners today have trouble understanding how new technology, specifically software, can become a major benefit to their business, and second, owners have trouble measuring the profits they are losing by rejecting this technological ch
Here are two main reasons why I pose this question. First, many shop owners today have trouble understanding how new technology, specifically software, can become a major benefit to their business, and second, owners have trouble measuring the profits they are losing by rejecting this technological ch
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ange. Have you ever rejected technology?
“If It Ain’t Broke Then Don’t Fix It!” Mentality
Are you expecting to increase profits by continuing the same business strategy year after year? If so, how long do you think the method will work?
Many shop owners simply do not see the need to update or change their current method. They beli
“If It Ain’t Broke Then Don’t Fix It!” Mentality
Are you expecting to increase profits by continuing the same business strategy year after year? If so, how long do you think the method will work?
Many shop owners simply do not see the need to update or change their current method. They beli
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
ve that there is no need to invest in a new method when the old one still seems to work fine. This is the common, “If it ain’t broke then don’t fix it!” mentality. Well, I hate to be the one to say it, but just because something isn’t “broke” doesn’t mean you can’t make it work better. When new technology such as software, could sav
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
e you large amounts of time & money, how can you not accept it?
In an industry where there is an increasing level of competitiveness, shop owners must take advantage of every method available to help them cut costs. Would a commercial printer looking to grow their business, limit their shop to just a one color press? Sure they can c
In an industry where there is an increasing level of competitiveness, shop owners must take advantage of every method available to help them cut costs. Would a commercial printer looking to grow their business, limit their shop to just a one color press? Sure they can c
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
ontinue to operate with a one color press, but wouldn’t a two or four color press help expand their business into other areas more effectively. In this example the current method works, but a technological change would help increase the company’s ability to grow.
Exploring these other areas help companies to sustain and increase prof
Exploring these other areas help companies to sustain and increase prof
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
ts. Without accepting new technology, shop owners greatly limit their profit potential. By using the power of technology to make their business practices more efficient owners can continue to achieve their goals.
Are You Sacrificing?
A lot of shop owners that we talk with have a hard time visualizing the amount of money they are los
Are You Sacrificing?
A lot of shop owners that we talk with have a hard time visualizing the amount of money they are los
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ing, or in actuality, the amount of money they are giving to their competition, due to inconsistencies in the work flow process. These shops feel they are doing well with the system they currently have in place and do not see the need to change to a new method. This lack of vision can cause owners to limit their future profits.
On t
On t
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
he opposite side, the owners that do see a need for change begin to focus more attention on how much money it will cost to make the switch rather than how much they are losing. These owners become unsure and wonder if the investment today will pay off tomorrow. To those owners, how much will it cost you not to switch? Do you even know
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
Is it one, three, possibly five jobs a day? Do the math. How much money/time is lost due to inefficiencies such as faulty estimates, under/over-priced jobs, or lost invoices.
Ask yourself, how long can a company continue to compete if they are not being as efficient as their competition? If companies choose to stay with the same sy
Ask yourself, how long can a company continue to compete if they are not being as efficient as their competition? If companies choose to stay with the same sy
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
stem they have been using for years and reject change are they, in essence, choosing to sacrifice future profits?
$100,000 a Year
One company in particular that we spoke with was losing 4 orders per week to their competition. Since only one person in the shop was able to estimate, it was taking days to get quotes to customers, ther
$100,000 a Year
One company in particular that we spoke with was losing 4 orders per week to their competition. Since only one person in the shop was able to estimate, it was taking days to get quotes to customers, ther
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
efore forcing their clients to seek, and eventually accept bids from competing companies. When this company finally analyzed their method and applied a dollar amount to the loss, they estimated they were losing around $100,000 in revenue a year. Amazing right? What would 4 orders a week cost you? Or if you could accept 4 more orde
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
rs a week, what would you do with the extra profits? How does a company like this one miss out on a $100,000 opportunity? Simply put, insanity, the Einstein definition.
It’s not Just Estimating
Companies are not just losing profits due to faulty estimates; they’re also losing profits due to a lack of follow up, or customer managem
It’s not Just Estimating
Companies are not just losing profits due to faulty estimates; they’re also losing profits due to a lack of follow up, or customer managem
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
nt. When sending estimates out to potential clients, how often do companies remember to follow up with them? With the constant chaos that shop owners experience on a daily basis, this follow up process can become an aspect that is quickly forgotten, especially if the current estimating system doesn’t include this integration.
How m
How m
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
uch can a company increase their “win” rate for estimates by placing follow up calls to all customers with estimates outstanding? By using a powerful integrated estimating and business management software, like Cyrious, company’s are able to create reminders that will tell employees who to call, when to call, and why, automatically.
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
It keeps all customer, contact, and order information together in one place and increases the ability to save time and builds customer relationships essential to business growth and expansion.
Adapting to Change
By adapting to change, and accepting and harnessing technology, shop owners who use Cyrious Software have become more effi
Adapting to Change
By adapting to change, and accepting and harnessing technology, shop owners who use Cyrious Software have become more effi
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ient and profitable.
Cyrious helps owners solve a variety of different frustrations. Whether you’re an owner who is frustrated with estimating because it takes up too much time or one that is annoyed that orders keep getting lost and misplaced, Cyrious has a solution. Cyrious helps put an end to the lack of integration by providing t
Cyrious helps owners solve a variety of different frustrations. Whether you’re an owner who is frustrated with estimating because it takes up too much time or one that is annoyed that orders keep getting lost and misplaced, Cyrious has a solution. Cyrious helps put an end to the lack of integration by providing 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
he power of multiple software systems in one (estimating, accounting, job tracking, customer management, etc.). No company is happy about losing customers due to late quotes or losing money because parts are omitted from estimates and orders.
When owners understand the amount of time and money a different method can save them, the sw
When owners understand the amount of time and money a different method can save them, the sw
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
itch to powerful software like Cyrious is simple. Is it time for you to explore different methods to increase sales & profits, and make your business more manageable?
For More Information on Cyrious Software go to http://www.cyrious.net, call 1-800-552-1418 , or email info@cyrious.ne
For More Information on Cyrious Software go to http://www.cyrious.net, call 1-800-552-1418 , or email info@cyrious.ne
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):
<a href="http://www.diggit.org.ua/article/24620/diggit-Einstein--Definition-of-Insanity.html">Einstein - Definition of Insanity</a>
BB link (for phorums):
[url=http://www.diggit.org.ua/article/24620/diggit-Einstein--Definition-of-Insanity.html]Einstein - Definition of Insanity[/url]
Related Articles:
Houston Economic Rebound; retail franchise locations
Business Management Case Study; Franchisor Responsibility to Update UFOC Exhibit Pages
Are YOU an Outstanding Manager / Leader?
Bookmark it:
|