A critical thing to note about a verbal agreement is that it often comes with a paper trail and can have many forms of evidence to back it up, despite it being “verbal” in nature. Verbal here simply means that…   Read more»

Stark law restricts the physician from referring patient to a designated place where he or his family members has a financial relationship unless an exception is met. It is intended to eliminate financial motivation for a physicians to refer a…   Read more»

NDA only gives you protection from the individual in the contract, in which they promise to keep the idea confidential. A patent grants you proof of ownership and full protection for your idea. The main difference can be shown by…   Read more»

Being a project manager for a matrix organization can be a lot more challenging and requires more communication and organizational skills, but ultimately it can be more rewarding. There is another project manager who the employees have to report to,…   Read more»

I think that even in a project based organization, they can still make efforts to collaborate between departments. For example, there can be monthly presentations given by a member of one team to all the different teams and this way…   Read more»

My ideal type of company to work for would be a matrix organization. I think it is beneficial to the company’s productivity that departments communicate with each other and can transfer knowledge about the project with other departments. This would…   Read more»

A Gantt chart is essential for staying on track and getting the project done in a timely manner. I can tell you from experience that working with companies that don’t set out a timeline or set clear goals, work is…   Read more»

When design controls are not set up properly, it results in a failed medical device as stated by those examples above. In the case of recalled medical devices, it would be interesting to study and review their design controls and…   Read more»

From my experience in clinical research, one such document required by the FDA is an IRB, Institutional Review Board. This document is necessary to protect the welfare and rights of human subjects by ensuring that your experiment will not harm…   Read more»

Design transfer involves transitioning the design from planning stages to production. This is a critical trade-off that requires a few things in order to go smoothly. One is communication between departments, which is essential. Another is a multitude of technical…   Read more»

Yes I agree that design control is an integral process and its failure can have a wide effect. If not done properly, the company will have to make recalls on the product which results in a large loss of money…   Read more»

I think it is very complicated to get IRB approval for a clinical trial where the outcome is unknown. The IRB wants to make sure that a device will offer no potential harm to any subjects, and this is a…   Read more»

I think it depends on the study matter and double blind is not always necessary. Yet there are certain cases where double blind would be preferable. It is used to prevent research outcomes from being influenced by the placebo effect…   Read more»

I would like the role of CQA – clinical quality assurance. CQA inspects the documents and processes clinical trial data and ensures that testing follows proper guidelines as stated by good clinical practice (GCP). CQA can give exposure to all…   Read more»

EI, or emotional intelligence, is the ability to recognize and modulate one’s own emotions, and to recognize the emotions of those around them. This is an important quality for a businessman or anyone in a company who interacts with anyone…   Read more»

A company that comes to mind when I think of good marketing is Starbucks. What type of grand strategy do they use? They have achieved global market status, there are Starbucks everywhere and in almost every country. The stores themselves…   Read more»

Color plays an important role in branding and advertising as it is immediately noticeable and affects a persons mood or perception. One color that no one mentioned so far is white. I think it is extremely important how a company…   Read more»

What would make a company choose LLC vs Inc? LLC is a way to combine the benefit of limited liability and pass-through taxation. However an LLC can’t have investors. On the other hand, C corporation is owned by the shareholders….   Read more»

This is an interesting question. I think it depends. Corporations have their advantages while start-ups have their own advantages. It depends on what you are looking to learn and gain from a job. Also, as a soon-to-be-grad I am looking…   Read more»

I looked up Microsoft to see how they compare financially, these were my findings: ROI (return on investment)= 10.69.%. This value is calculated by dividing net sales by investments. Its not great, should be above 20%. ROA (return on Assets)…   Read more»