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Many people probably do not liken World Religions to a business model and yet many world

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

religions are much like a franchise system. A modern day franchise system indeed is proba

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

Examples of combination products may in

ly the greatest business model ever created in the history of the species and the Catholi

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 Church is the largest and wealthiest church and it most resembles a franchise system. B

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

low are the Top 7 similarities of the Catholic Church model to the franchise model.

1.)

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

Combination pro

Franchise Organizations and Companies use a common brand name with all outlets; The Catho

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

ic Church uses a common religious teaching.

2.) Franchise Organizations and Companies us

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

e a common Confidential Operations Manual; The Catholic Church uses a similar bible.

3.)

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

Franchise Organizations and Companies sell products to customers for money; The Catholic

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

Church sells perceived eternal salvation in trade for tithing.

4.) Franchise Organizatio

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

s and Companies charge royalties to all outlets; The Catholic Church in Vatican takes in

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

Following aspects would a

oney from all locations.

5.) Franchise Organizations and Companies like McDonalds own va

dd to the challenges in developing combination products:

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

st amounts of real estate; The Catholic Church owns vast amounts of real estate.

6.) Fra

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

chise Organizations and Companies have set up territories between each outlet; The Cathol

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

ic Church has member churches set up in a similar fashion.

6.66) Franchise Organizations

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

and Companies own and control their outlets for the term of the franchise agreement; The

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

Professional from academic institutions, pharmaceutical industries, health care indust

Catholic Church owns its subjects it indoctrinates before 5-years old for life.

It is no

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

wonder that Franchise Organizations and Companies dominate so many market sectors and it

.

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

is no wonder that The Catholic Church is millenniums old and is the richest in the World.

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

Companies that provide selfless information through particip

Consider all this in 2006, when considering your organizational strategy for your company

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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In the past few decades, there has been a great revolution in the way the management deals with and treats its employees and staff. Gone are the days when corporate houses considered it a favor to the employees to have them work with their company. In present times, there has been a paradigm shift in favor of the employees. Every corporate house tries its best to make its working environment rewarding and the job profile lucrative for its staff. Tremendous efforts are made to retain competent staff and increase productivity through a healthy work environment.

People will pay more attention to a humorous commercial than a factual or serious one, opening themselves up to be influenced. The key to funny advertising is assuring the humor is appropriate to both product and customer.

Vietnam business and market overview including economy, industry, demography, infrastructure, retail trade and food culture. Provides an overview for those interested in conducting business in the country.

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