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You are here: Home > Business > Franchising > Franchising Entire Nations; What Form of Leadership Will Be Set Up to Run the Franchisee Country? |
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Just Other Articles - Franchising Entire Nations; What Form of Leadership Will Be Set Up to Run the Franchisee Country?
Recently a think tank has proposed the franchising of nations. Why you ask? Well b 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 ecause what we are doing with the World Bank, WHO, Catholic Churches, Aid From fir ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in st worlds, United Nations, Doctors without Borders and Corporate Foundations and S lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. onsors is mix matched and often leads to chaos and Murphy’ism due to the laws of u here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe nintended consequences. How can I put this nicely? It does not work. You can save d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro or prolong life of AIDS victims only to watch them die of Machete wounds or $20.00 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 AK-47 bullet holes or Malaria or well it is always something you see? You can fee 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 d them but what they need is stability and a system in place. They need clean wate nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically , food and necessities that are self-sustaining. Then you can go to the next step 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 otherwise it simply will be more of the same. If we franchise these nations we wi ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi l need to help them form a governing body and put the systems in place. The struct ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a ure of a governing board of directors for a Franchise Business Model; the company dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod can be set up many ways depending if it is public or private. Therefore there are cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin many ways to make decisions and the Franchisee's Government of that nation will ne tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen ed the best system of government that works. Not necessarily one, which cannot fun 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 tion because the fog of the blob of bureaucracy blocking their fluidity of motion. ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust Sound like a lot of work right? Well maybe less than is currently being done act y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products ually and critics also say do not bite off more than you can chew too. Indeed. Ind . 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 ed we do. But who is talking about a big bite, I am talking about; Starting Small elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip and Finishing Big with a little E-Myth theory along the way. Consider this in 2006 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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