The need for having a clinical background is definitely dependant on the type of role and responsibility. For example, as stated in the question, a statistician for example does not require a clinical...

Clinical trials are definitely important but there should be no reason to expose a person to such a risky trial. But in most scenarios, subjects agree to go through these trials willingly because the...

Clinical research is of great importance for emerging technological diagnosis and treatment. But like everything else, this comes with its pros and cons. Pros being that the individual may get promi...

Companies that offer value propositions to customers and convince them to buy a better product are engaging in persuasion, while companies hiding the weaknesses of a flawed product are engaging in man...

To me, marketing is knowing your customers and targeting your sales pitch to get them to want to buy your product. This includes things like getting advertisements sent by mail or online, commercials/...

Medical device expos and conferences are definitely among the main ways of marketing the latest medical device technology. My parents being dental surgeons, I do know closely that each time a company ...

Private companies are not required to publicly disclose financial information, while public companies are required by the Securities and Exchange Commission to file an annual report documenting their ...

In a sole proprietorship, the owner of the business and the business are a single entity and this person is completely responsible for the operation of the company. The proprietorship cannot be transf...

In the lecture, companies including Limited Liability Company vs Corporation vs Sole Proprietorship vs partnership are classified based on the way of operating business, how many people own the busine...

According to me, ethics and quality are interrelated especially when it comes down to medical devices. The products developed must of the highest quality because if a malfunction occurs at a critical ...

Although people might consider investing time and resources on quality beforehand as a burden, it is very important, because like we all know, prevention definitely is better, safer and way less expen...

Quality control occurs mainly during production, working with the production team, ensuring the quality of the production process and products. While quality assurance takes place after production and...

Accuracy is how close the device's result is to that of a reliable “gold standard.” It is of prime importance because an inaccurate measurement or recording can lead to an inaccurate diagnosis which c...

This is a great topic of discussion. Recalls usually occur due to the product no longer adhering to the FDA laws. For instances where certain devices are recalled after 5-8 years, this happens because...

The major obstacle would be in the manufacturing capital and testing resources. Without a diverse team to help complete the project, this would take a long time, more faults and a lot more money if tr...