There are many benefits of becoming a corporation over an LLC. Mainly, with the form of a corporation, it would be individually advantageous to become a shareholder of a company because of the ability to split the business income which allows for the overall tax liability to be lowered. This would be favorable because of the $10 million dollar…[Read more]

Costco Wholesale Corp.

ROE (Return on Equity: indicative of the return with each shareholder’s equity) – 21.86%
For the past 3 years, according to Investopedia.com, there has been a steady increase in the ROE of Costco. From the fiscal years of 2013, 2014, and 2015, the ROE has been 17.58%, 17.79%, and 20.74%, respectively. This is a good sig…[Read more]

I believe that the most important aspect of an effective quality control program is to have a clear line of communication between all sides who are working within the project. It is important that everyone knows their position in the project and that the work that they do contributes to the overall completion of the project and that it does not…[Read more]

There are always people who exist who have contrary views with anything. It is true that it is better to prevent than to cure. It falls true for medical treatment but it also falls true for business. When someone is in the risk of the getting sick, it is better to take medicine that will help in the prevention of the sickness rather than getting…[Read more]

Quality and R&D are sections of a company that have different goals. R&D focuses on the advancement of the technology to develop a better product for a company while Quality ensures that the product being made will be safe. However, both parties value the production of the best product possible. However, the method of achieving this is different.…[Read more]

An antibiotic-releasing hip stem would count as a combination device since it has the characteristics of a drug and a device. However, since its primary mode of action will be as a hip implant that will the user in regaining their lost function, it would count as a Class 3 device. The antibiotic within the implant is simply supplementary as it…[Read more]

Very recently, Maquet IABPs were recalled from the market due to “false blood detection alarm and ingress of fluid in IABP” [1]. The recall, classified as Class 1, is very serious because IABPs are used as assistive-living devices and may result in serious harm or death. The device’s purpose is to help patients who are undergoing heart surge…[Read more]

From the articles that I have read, legislation regarding the regulation of electronic cigarettes were passed in 2016. In this FDA ruling, the Center for Tobacco Products, which deals with the Tobacco Control Act, will oversee activities regarding electronic cigarettes and other electronic nicotine delivery system.
Since the product recently came…[Read more]

I work in a hospital and I do FEA for them for surgical procedures so I don’t know if it counts as industrial research but for us, we aim to publish by next year but it can be extended. The thing is that we want to make sure that the results are valid and applicable. Since the research can affect the lives of many patients and surgeons, we want to…[Read more]

I think that the biggest problem that this type of situation can encounter may include communication. Because of the distance, regular in-house check ups may not be possible which may cause problems in the progress of the project. There will always be always be some sort of miscommunication when people do not talk and meet face to face. There will…[Read more]

Research in any field is important. Research is the advancement of technology and science. In my opinion, research that can be instantaneously effective or long-term beneficial can be made in either environment. Innovation is essential and improvements in technology will always happen. In industry, the goal is to create a product or solution that…[Read more]

I’ve had a lot of problems within projects and a lot of them are due to either problems that we failed to foresee or problems that were impossible to foresee. One project of mine included the use of a stress analysis software to analyze the effects of the pipe geometry with the flow of the fluid that passes through it. In this case, we were…[Read more]

There are different structural organizations that can be made to a company in order to become a more productive and efficient company. One such structure is referred to as the functional structure where the groups are divided based on their function or activity. In this time of structure, companies or teams will be divided into their respective…[Read more]

I think that there is minimal differences between a project manager within the biomedical engineering field and say a civil engineering project manager. Both projects follow a specific timeline at which the project has to be completed. Both projects may also use contractors from which different materials can be procured from. Furthermore, both…[Read more]

In terms of jobs, when I start working, I want to be in a job that does research and also building and development. I want to be part of a team that develops next-level prosthetic technology to be able to help people. But in terms of practical jobs, I want to start working at companies in their research or development department because I believe…[Read more]

I think that there should be a 50-50 ratio with practical learning and academic learning. I believe that there is importance in both because that’s how real-life learning works. It is important to understand basic principles in the classroom but it is also important to learn how to properly apply these principles in a lab setting. I think it’s a g…[Read more]

I finished my undergraduate degree last semester ad now, I am a continuing student in the Master’s program. I have not had real work experience but I’ve had internships in different hospitals and research facilities and it really helps me in learning more about biomedical engineering and engineering as whole, more than what I would learn in a cla…[Read more]

Personally, I find these results pretty generic. I choose to work to survive. I need money to buy supplies and pay for rent and all the other stuff necessary to live. To stay at a place, it is important to have a productive and welcoming environment which also conducive for learning. It is important to have a job that also makes me feel that I am…[Read more]

As previously mentioned, it is more difficult to implement a design change during clinical trials than compared to during the design process. When entering a clinical trial, it is important to note that the FDA outlines specific aspects of the design and its goal is to evaluate the most current design. By adding design changes, it would mean that…[Read more]

There are a lot of factors that can influence whether clinical trials should be outsourced or insourced. One could be the size of the company. Say a small company wanted to perform clinical trials, it wouldn’t be reasonable for them to do it on their own if they don’t have the capabilities. Rather it would be more cost-effective if it was out…[Read more]