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When was the last time you really examined your vision for your business? As the calend

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

ar year or the fiscal year draws to a close, this could present perfect timing for an ex

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

Examples of combination products may in

amination of your vision for your business. A vision is dynamic and it requires periodi

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

c examination in order to retain your strategic focus in business. Here are ten (10) qu

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

estions from your strategic thinking business coach to use to perform an annual examinat

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

Combination pro

ion of your business vision.

Question #1: Is your vision for your business still clear

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

ly defining the strategic focus of your business? Or is it time to rethink your vision

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

tatement?

Question #2: Is your vision statement followed by a clear mission statement

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

that clearly defines how you are planning to reach your vision?

Question #3: Do you ha

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

ve an effective client contact management system in place and are you keeping your datab

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

ase current?

Question #4: Do you have a strategic referral system and are you asking f

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

Following aspects would a

or referrals?

Question #5: Are you tracking your leads and determining the conversion

dd to the challenges in developing combination products:

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

rates of leads and prospects into clients?

Question #6: What is the level of customer

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

satisfaction among your clients? Are you surveying your clients to find out how satisfi

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

d they are with your products and/or services and your level of customer service to them

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

?

Question #7: Are you constantly networking to discover new opportunities to grow y

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

Professional from academic institutions, pharmaceutical industries, health care indust

our business?

Question #8: Do you have a cash flow challenge? Are clients paying thei

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

r bills on time? Do you have a follow-up plan to collect past due receivables?

Questio

.

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

n #9: Have you updated your strategic action plan for the next year and for the followi

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

Companies that provide selfless information through particip

ng 3 to 5 years?

Question #10: Do you have a succession plan or exit strategy in place

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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Before Young Jobs can help you become a member of the workforce, there are legal statutes that you must comply with. The Child Labor Laws listed below define restrictions placed on the age and employment of minors.

Undoubtedly, you've heard the truism that there’s no such thing as bad publicity. The tabloids might wrongly accuse you of committing a heinous crime, but if they spell the name of your web site properly, eliciting enough clicks, you’ll come out ok. And there seem to be some shining examples of this philosophy. So, what am I talking about when I saw there IS such a thing as bad publicity? I’m speaking of PUBLICITY THAT ISN’T PUBLICIZED, like most of the articles that you read at various Ezine sites, says Dr. Gary S. Goodman, best-selling author of 12 books, over 600 articles, and top keynote speaker and seminar producer.

Sure, running a successful business takes Know-How. But growing an even more successful business takes Grow-How. In today’s fast-paced world, the challenge to increase revenues takes more wit and wisdom than ever before. Not only is technology changing at the speed of talk, but tastes and trends are changing at the blink of an eye.

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