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  • Subjects - Associations Deliberating the Conference Conundrum

    In difficult economic times, the question of how to deliver value to conference attendees while keeping the cost under control is truly a conundrum. Determining what activities conference attendees see as valuable can be quite elusive,
    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
    as in your coercive effort to attract them.

    What do today’s conference attendees want? First, explore the basic types that attend conferences, especially when travel is required. The old paradigm conference attendee is a bit like the g
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    ood ol’ boy—attending his industry meeting regardless of the time of year, location or quality of the meeting. He just wants to meet with his buddies, network a bit, golf and drink. The conference is his well earned get-away.

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

    e is the new paradigm attendee, both men and women. They are younger, have families and have the attitude that they will participate if they see the capability for synergy. Golf and partying is not their motivation, but rather the desir
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    to obtain new strategies, tactics and the skills necessary to improve their business. They only want to rendezvous with value.

    Of which group is your association’s membership tilting? Has the ratio been changing over the last few year
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    s? I bet it has been changing, but perhaps nobody noticed? Then there is the paid verses volunteer leadership element with which you must be attentive. This becomes crucial when a volunteer leader from a small company follows one from 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
    large company.

    My observation in over a decade of interviewing volunteer association leaders and speaking at association meetings is that generally (but not always) a leader from a large company tends to be more strategic in their thi
    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
    nking and those from smaller companies tend to be more tactical. While both are necessary, tactics without strategy is like traveling to a far-away land without a map—who knows where you’ll end up?

    One tactic for reducing costs that a
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    umber of associations have recently engaged is that of inviting suppliers to present educational sessions rather than hiring experts, authors and /or professional speakers. Industry presenters usually manage to wrap their presentation a
    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
    round a sales pitch for their product. An important point that is rarely broached in the above mentioned tactic is what effect does inviting one company to present have on other supplier companies?

    Since suppliers, or allied members as
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    they are sometimes called, generally pay a disproportionately larger amount to attend a conference than other members, they want value too. Forcing a number of suppliers to endure a competitor’s veiled sales presentation can be conside
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    red cruel and unusual punishment. And they never forget.

    What does create value for today’s conference attendees? Many attendees, especially those at national meetings, are looking to be recharged. They need and want both the motivatio
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    and tools for doing battle in the trenches for another year. What percentage of motivation verses skills? Regardless of what I have been told by meeting planners, over the years I have learned that in both general sessions and concurre
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    nt sessions alike, the scales tilt more toward motivation. This is something that a non-professional speaker can rarely deliver.

    For a meeting organizer, the rendezvous with value challenge can be enormous. You say, “How in the world c
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    an I deliver all the value my diverse group of attendees demands and needs in a time of diminished registrations?” Your answer is in numbers. Just how many of your attendees demand that costly golf outing? Is it a large number or just 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
    few that are quite vocal in their personal demands? Must you have an open bar reception? If so, cut the hours in half.

    A great question to ask oneself is that of memory—what will your attendees remember? Will they remember their fourt
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    free whiskey at the reception? Or, will they remember that the speaker from XYZ Company spent the entire hour talking about their own company’s capabilities? What will stick in your attendees’ minds that will urge them to return to the
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    conference the next year? If they are old paradigm; they’ll just come again no matter what. But, for the new paradigm attendees, you must help them to rendezvous with value.

    Currently, suppliers to the meetings industry are offering g
    .

    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
    enerous discounts; including hotels, resorts, airlines and also professional speakers. This is simply because of supply and demand. If you truly want to deliver value to your attendees, take advantage of the times and give them more tha
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    n a free whiskey by which to remember their conference. This may take an additional effort in helping your volunteer leaders to understand the value, and, they themselves may be the ones that need the inspiration and motivation the most


    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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