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E-Folder - Communication between franchisees in a franchise system
If you own a franchise you would be wise to stay in constant communication with your fellow and local franchisee co
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
unterparts. You should call up once a week and simply say; Hi. It is important to call up and just say hi to your f
; 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
llow franchisees because it will remind them that you are always near by. You will get something positive out of 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.
he phone call such as:
A good lead
A streamlining technique
A way to handle a new employee
Someone who will lis
A good lead
A streamlining technique
A way to handle a new employee
Someone who will lis
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
en
A time efficient way to attract new customers
A mistake which was made, that you can avoid
You can also talk
A time efficient way to attract new customers
A mistake which was made, that you can avoid
You can also talk
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
bout the worst customer of the week, The most ridiculous complaint of the year. Your fellow franchisee who normally
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
cannot talk about such things will be glad to have someone listen to his story. The fellow franchisee might laugh
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
and call her “the customer from hell.” Business owners when they get in the room with other business owners often
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
tell the stories like this at meetings. In franchising you have a built in group of folks who know exactly how you
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
eel and what you are talking about. Customer from hell stories always get a laugh with the new franchisees. It is
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
important to know what the other franchisees in your system, especially those in the region are doing. You should k
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
eep abreast of what your other franchisees are doing. For instance:
What major corporations are their customers
What major corporations are their customers
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
hat government accounts do they service
How many employees are they running per shift
Who are their crew leaders
How many employees are they running per shift
Who are their crew leaders
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
What kind of volume are they doing
When are they planning on going on vacation
Who are their family members; Etc
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
These are very important because customers will come up to you and ask you questions about them. They might also
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
make statements about the other franchisees. It’s always nice when you know what they are talking about.
You can
You can
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
also use their major accounts for name dropping. It will help you in your sales. If you know how busy they are, y
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
u will also know if they can handle any more work or if they will be able to help you on a joint account. By knowi
.
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
ng their names and family, you won’t look uninformed when a customer engages you in conversation about them. Think
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
bout franchise team building, because in franchising it is about more than just a brand name, it is about team work
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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