A SWOT Analysis of Biomet. Strengths: – Strenght of expertise in orthopedic implants – Strong reputation as a lot of surgeons prefer Biomet over other companies – Biomet has been a top company for years and has tremendous profits -…   Read more»

When looking at choosing between an Inc or a LLC it is important to realize the necessity to pick what is best for the company. An LLC is good for protecting the business owners and will protect any personal assets….   Read more»

There are several differences between public and private companies. One of the main differences is that public companies will have shares in the open tradable market. Private companies’ goals are not likely to focus on increasing value of the company….   Read more»

If I were to start my own corporation, I would start a Limited Liability Partnership. One of the main reasons I would choose this is because of the autonomy provided by this corporation structure. Also all profits will directly come…   Read more»

I can understand why documentation can be an annoyance as well unnecessary to a certain extent. However, it is an integral step in preventing certain mishaps and keeping everything in accord. The main reason companies document things is to make…   Read more»

In order to be successful as a company it is imperative to have a strong and healthy relationship between the quality control department and the rest of the company. The goal of each department is to come together and bring…   Read more»

The problem many see with quality control is the amount of effort put into it. There are certain aspects of quality control that require tremendous amount of time and input. Companies tend to neglect the quality control part because they…   Read more»

I can see why many would think the FDA are being strict and potentially hampering the journey of medical devices. However, the FDA is a regulatory board and its main job is to be an overruling force. If the FDA…   Read more»

A recalled item was Boston Scientific Corporation’s Chariot Guiding Sheath. Almost 6000 of these devices were recalled. The Guiding Sheath is used to help guide placement of interventional devices into peripheral vasculature. The reason for the recall was that fourteen…   Read more»

Trump’s new budget proposal of a 2-billion-dollar increase in the FDA User fees has its merits but can also be a drawback. One of the biggest merits of this change would be the increased benefits for the taxpayers. However, as…   Read more»

When outsourcing animal studies to other institutions there are several pitfalls that need to be addressed and looked into. One of the first ones is the distance between the university and the company. It is critical to ensure that if…   Read more»

The research I have done is working with the metabolic pathways of a fungus that is fatal for immunocompromised patients. While the work I am doing is crucial to understand the pathogenic tendencies of this fungus, the impact it has…   Read more»

Looking into the divides between industry research and academic research, what stands out is the underlying motivation of each. Industrial research labs will tend to place most if not all their resources on monetizing their results. The end goal for…   Read more»

Every phase of the project life cycle is vital to the success of the project. However, certain parts of the life cycle can be a lot more crucial to the success of the project. In my opinion the executing phase…   Read more»

In my freshman year of college, I had to participate in an engineering design project, where I would work with a team to create and code a robot to perform medically related tasks. One of the obstacles faced while working…   Read more»

Project management for varying fields of work differ in the challenges they face and how they have to be tackled. When being a project manager for building a school or skyscraper, there are more mechanical regulations that need to be…   Read more»

Being a current undergraduate student at NJIT, I believe there should be more practical courses implemented not only at a graduate level but also at an undergraduate level. Most classes that I have taken have been heavy knowledge based. While…   Read more»

Looking at this from a current student’s perspective, I can state that all the advice given above is extremely valuable. I am currently a senior and throughout my past four years something that I have heard constantly is the importance…   Read more»

When looking into the debate of Academia vs. Industry it is important to first reflect upon how one would fit into either working atmosphere. Working in academia provides the opportunity to be around intellectual equals. In many senses this is…   Read more»