Science, Business, and Government—What Makes the World Go Round
By Theresa Allio
First of all, credit should be given to those early astronomers who actually determined the world does go round. And perhaps there should be an acknowledging nod to politics as well, since we are located in DC (although I include that as an unwritten subheading under government).
Without innovation, the world as we know it would not exist. We would still be living in caves, eating berries and carrying things on our backs instead of pushing them around in a cart. That is, if we even still existed. In the absence of scientific advancements, there would be no new products, no new markets to pursue, no jobs and no opportunity to improve a person’s health or quality of life.
Somewhere along the way, social structures developed as a necessity for group living. Initially involving informal agreements around who was to do what when, these matured into the lugubrious government structures we know today. One doesn’t need to spend long in a regulated industry before hearing complaints about regulatory hurdles getting in the way of business. However, I actually choose to disagree with these complaints.
These regulations provide a valuable structure for use in building a business plan. They provide for key development milestones and record-keeping processes that enable a business to keep track of its efforts in developing a product that can be consistently made. Regulations exist to aid in the development of safe and efficacious drugs, not to dictate each step in development. In our everyday work at The Weinberg Group, we help companies work efficiently and successfully within the regulatory arena and tailor development strategies to meet their individual goals while also abiding by regulations.
Theresa Allio is a Senior Consultant at The Weinberg Group, the world’s leading food and drug consulting firm. If you have any questions or thoughts on this blog post or others, please contact us.