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Just Other Articles - Cash Bonus or Gift Vouchers? Overdraft or Experience?
The dilemma that most HR managers face, is that their staff want cash as bonuses and not gifts or gift vouchers. But why is
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
this a dilemma?
Well it has long been established that companies need to give their staff not necessarily what they want,
Well it has long been established that companies need to give their staff not necessarily what they want,
; 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
but what they need. This way companies can start to reap the reward of giving rewards by getting their staff churn
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
down, and by their sales /service increasing.
How many of us have had a cash bonus and it has gone into the overdraft, be
How many of us have had a cash bonus and it has gone into the overdraft, be
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 used by the partner on the weekly shop, been given to the kids as pocket money…the list can be and is endless! My favou
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ite one is “gosh – did I have a bonus last month? I did not look at my bank account or payslip!”
Companies need to realise
Companies need to realise
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
that giving staff gift vouchers or gifts for that long service award, promotion, bonus, retirement pressie or giving their
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
customers the potential to earn rewards can be hugely successful.
Give them something they remember. Give them an experi
Give them something they remember. Give them an experi
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ence – let them purchase something and think of you every time they use it or remember it. Don’t just chuck your money at
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
them and hope they thank you for it! Your staff/customers/channel partners will enjoy choosing their own gifts when you giv
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
them lots of options to choose from.
More and more companies are making the switch back to gift vouchers now as the choic
More and more companies are making the switch back to gift vouchers now as the choic
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
e is so varied, and they have enhanced feedback from the promotion participants. With many 'one stop shops' now operating
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
in the UK marketplace, aiding time poor HR managers and Sales and Marketing managers - and points make prizes promotions ci
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
rculating, some of the UK marketplace is finally waking up.
Lloyds TSB spend over ?225 million per year on their gift vouc
Lloyds TSB spend over ?225 million per year on their gift vouc
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
her ordering. Their marketing budget is aimed at retaining and gaining new customers and after trialling many various opti
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
ns, gift vouchers are their reward of choice.
The gift card is also entering the UK, with most of the major retailers now
The gift card is also entering the UK, with most of the major retailers now
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
offering this solution over the counter. These cards - electronic - are set to shake up the market - and will allow compan
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ies to top up the cards, allow their teams to view progress of their projects online and see their balance, and ultimately
.
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
give the project managers the chance to see what promotion works and what needs to be reviewed.
So next time you want to o
So next time you want to o
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
rganise a promotion for your staff or customers – think about what they really are going to get out of it. A memory or not
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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