Useful Advices - Business

Introduction

The relevance of the Southern African Development Community (SADC) regional integration process emanates in part from the view that there is a trade-off between regional

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

integration and integration with the global economic system. Whilst integration with the global economy could provide the impetus for economic growth, regional integration could pro

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

Examples of combination products may in

ide the required protection from the ills of globalization. This argument is based upon the belief system that regionalism could be used as an instrument to create a new equilibrium

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

that balances the protection of the vulnerable and the interests of the particular population living in that environment against the integrative, technological dynamics associated wit

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

globalization.

In this regard the SADC can typically be classified as a vulnerable region as it is dealing with a marriage of third and first world realities characterized by the ex

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

Combination pro

istence of cultural colonialism accompanied with perceptions of higher and lower cultures, severely distorted levels of inequality, destructive development policies, extreme poverty a

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

d demands for immediate relief for the sake of survival.

The Problem Statement

If Southern Africa intends to succeed, a new look is required of the region’s social capital capabilit

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

ies using fresh and creative business strategies, which will build on mutual foundations of trust. This implies amongst others a need to develop strong partnerships between all the s

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

akeholder groups that can be unified into a strong wish power supported by a congruent business approach.

The Proposed Business Network Solution

The new business development strateg

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

y in Southern Africa should emphasize the endogenous business sector, of which the informal small business sector is the most important factor. It is estimated that the majority of S

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

uthern Africa’s working population operates in the informal economic sector without legislation, insurance, employee protection or rules. It is therefore important to integrate the i

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

Following aspects would a

formal small businesses into the formal economic sector as it may serve as the springboard to effective enterprise development in the SADC.

The second step is to ensure that all smal

dd to the challenges in developing combination products:

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

l businesses are well embedded in open business network relationships in order to enable them to search and obtain resources that they do not possess. By doing this an opportunity-dr

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

ven approach is adopted that may lead to competitive advantages for businesses for it creates the opportunity to take advantage of the knowledge and problem-solving abilities of all a

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

ctors belonging to their supply and demand networks directly or indirectly. However, to ensure sustainable business development an epistemic small business community is regarded as a

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

pre-requisite. It requires that the small business community network should share a set of normative and principle-belief system, which provide a value-based rationale for the busine

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

Professional from academic institutions, pharmaceutical industries, health care indust

ss and social actions of all the actors. Business framework conditions should also be crafted that could provide a raison d’etre and an agreement of the common purpose that the small

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

business environment pursues.

The outcome of the network implementation process is that every business in essence becomes a networked organization or an extended enterprise positione

.

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

d to compete in the global market. It is envisaged that the implementation of the network approach should be accompanied by some social interventions, as small business owners in the

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

Companies that provide selfless information through particip

SADC do not operate in a normal market economy. One option for example is to enter into sub-contracting relationships with large companies to produce sub-components of final products

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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Useful Advices - A Sustainable Business Network Model for Southern Africa

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