Useful Advices - Business

Bar charts have always been one of the simplest means of conveying information, even somewhat complex information. Bar cha

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

rts take into account at least two variables and have become one of the most useful tools in corporate reporting. Budget p

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

Examples of combination products may in

lans, market reports, comparative analysis reports on products or locations, and many other sets of information are commun

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

icated within the simple, yet informational displays of bar charts.

As businesses grow more and more complex, business re

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

porting needs tend to also grow more and more complex, and bar charts have had to keep up. Happily, technology has combine

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

Combination pro

d with simple bar charts to create interactive bar charts. In other words, one bar taken from any number of bar charts may

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

represent a general statistic. In “drilling down,” or clicking on that bar, more detailed information is displayed to ela

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

borate one what the original bar represented. This interactive technology is called Data Visualization.

Data visualizatio

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

n uses .net technology to make bar charts interactive. Multiple levels of information are now accessible through a single

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

bar of a bar chart. For example, Company C is a nationwide corporation reviewing a sales report comprised of bar charts. N

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

rmally poster boards are brought in and displayed one at a time, indicating overall sales for the entire company across qu

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

Following aspects would a

arters of the year. Then the sales information is broken down by regions, then by states, then by counties, then by cities

dd to the challenges in developing combination products:

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

, then by specific store. This results in a lot of poster board shuffling.

Using data visualization, Company C now review

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

s reports electronically. First, the general bar charts show general sales across fiscal quarters. Company C now wants to

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

see sales broken down by region in the second quarter, so they click on the 2nd quarter bar of the original bar chart. The

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

regional sales for the second quarter are displayed, and within a click or two, Company C can gather information as speci

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

Professional from academic institutions, pharmaceutical industries, health care indust

fic or general as they need to. A few clicks will take Company C from a specific store all the way back to general sales t

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

rends without any shuffling, allowing information to be compared and analyzed quickly and easily.

Bar charts have come al

.

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

ive through data visualization, which has enabled information to become interactive. Information can now be compiled and c

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

Companies that provide selfless information through particip

ompared according a company’s needs.

Interactive bar graphs are also referred to as Flash Charts and Interactive Maps

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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ISO 9000 is a set of standards for quality management systems. Perhaps, it is the most popular generic international standard today. First published in 1987 and modified in 1994, it is the true basis for businesses to develop or improve their quality assurance systems. Today, most international businesses document their quality systems according to the ISO 9001 elements.

Empowerment exists when employees have the authority to make decisions and take appropriate actions without first seeking approval from others. Empowerment allows frontline service staff to act quickly for their customers, improving customer satisfaction and boosting staff morale.

Based on my unique set of experiences, I’d like to share my belief of the most important management skill and I’d like to count down to that skill in Lettermanesque fashion. You can see which skills I considered and why I believe each is important in its own right, but not THE most important skill.

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Useful Advices - Bar Charts Come Alive Through Data Visualization

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