Latest / Clinician to CEO : Export Your Medical Device With Confidence By Overcoming Go To Market Roadblocks For Medtech Growth / #186 | Why the Status Quo in Clinician Relationships is Dangerous And What Needs to Change in Your Medical Device Exporting Partnerships
Transcript
- 0:00In
- 0:00this
- 0:00episode,
- 0:01you'll
- 0:01learn
- 0:01the
- 0:01one
- 0:02common
- 0:02mistake
- 0:03that
- 0:03leads
- 0:03to
- 0:03risky
- 0:04gaps
- 0:04in
- 0:05your
- 0:05distribution
- 0:06strategy,
- 0:07Welcome
- 0:07to
- 0:08Clinician
- 0:08to
- 0:08CEO,
- 0:09the
- 0:09podcast
- 0:10helping
- 0:11clinicians
- 0:11simplify
- 0:12your
- 0:12go-to-market
- 0:13strategy
- 0:13so
- 0:13that
- 0:13you
- 0:14can
- 0:14stop
- 0:14guessing
- 0:15and
- 0:15turn
- 0:16your
- 0:16working
- 0:16prototypes
- 0:17into
- 0:17international
- 0:18MedTech
- 0:18businesses.
- 0:19I'm
- 0:19your
- 0:20host,
- 0:20Hakeem
- 0:20Aade.
- 0:21Let's
- 0:22get
- 0:22started.
- 0:23In
- 0:23today's
- 0:23episode,
- 0:24I'm
- 0:24gonna
- 0:24be
- 0:24taking
- 0:25you
- 0:25through
- 0:25the
- 0:25decision
- 0:26scenario
- 0:26from
- 0:26the
- 0:27last
- 0:27episode.
- 0:27And
- 0:28hopefully
- 0:28what
- 0:28you're
- 0:28gonna
- 0:29learn,
- 0:29if
- 0:30you're
- 0:30gonna
- 0:30learn
- 0:30how.
- 0:31To
- 0:31manage
- 0:32the
- 0:32risks
- 0:33in
- 0:33medical
- 0:33device
- 0:34distribution
- 0:34once
- 0:35they've
- 0:35actually
- 0:35happened.
- 0:36'cause
- 0:36the
- 0:36last
- 0:36episode
- 0:36was
- 0:37all
- 0:37about,
- 0:37how
- 0:38to
- 0:38mitigate.
- 0:38This
- 0:38is
- 0:38about
- 0:39what
- 0:39you
- 0:39do
- 0:39when
- 0:40it's
- 0:40happened.
- 0:40Then
- 0:40you're
- 0:40also
- 0:41gonna
- 0:41learn
- 0:41the
- 0:41critical
- 0:42importance
- 0:42of
- 0:42communication
- 0:43and
- 0:43I'll
- 0:44then
- 0:44introduce
- 0:44you
- 0:45to
- 0:45a
- 0:45thinking
- 0:45framework,
- 0:46which
- 0:46is
- 0:46gonna
- 0:47help
- 0:47you
- 0:47decide
- 0:48how
- 0:48to
- 0:48move
- 0:48forward
- 0:49when
- 0:49you
- 0:49have
- 0:50a
- 0:50number
- 0:50of
- 0:51possible
- 0:51choices.
- 0:52And
- 0:52if
- 0:52you're
- 0:52building
- 0:53a
- 0:53MedTech
- 0:53business
- 0:54and
- 0:54you're
- 0:54not
- 0:55sure
- 0:55what
- 0:55your
- 0:55next
- 0:56move
- 0:56should
- 0:56be,
- 0:57whether
- 0:57that's
- 0:57evidence,
- 0:58market
- 0:58access,
- 0:59commercialization,
- 1:00distribution,
- 1:01strategy
- 1:01or
- 1:02adoption,
- 1:02don't
- 1:03guess
- 1:04Booker
- 1:04Healthcare
- 1:05export
- 1:05accelerated
- 1:06diagnostic
- 1:06Call
- 1:06with
- 1:07me.
- 1:07Use
- 1:07the
- 1:08link
- 1:08in
- 1:08the
- 1:08show
- 1:09notes
- 1:09and
- 1:09in
- 1:09that
- 1:09session
- 1:10I'll
- 1:10help
- 1:10you
- 1:10identify
- 1:11the
- 1:11specific
- 1:12constraints
- 1:13blocking
- 1:13your
- 1:13momentum
- 1:14and
- 1:14the
- 1:14commercial
- 1:14move,
- 1:15most
- 1:15likely
- 1:16to
- 1:16unlock
- 1:16your
- 1:17progress.
- 1:17So
- 1:18I
- 1:18think
- 1:18we
- 1:18just
- 1:19get
- 1:19into
- 1:19it
- 1:19really.
- 1:19So
- 1:20just
- 1:20to
- 1:20remind
- 1:20everybody
- 1:21the
- 1:21decision
- 1:22making
- 1:22scenario.
- 1:23Was
- 1:23this,
- 1:24I
- 1:24suppose
- 1:25that
- 1:25you've
- 1:25been
- 1:25working
- 1:26with
- 1:26a
- 1:26distributor
- 1:27for
- 1:27some
- 1:27time.
- 1:28You've
- 1:28been
- 1:28getting
- 1:28manual
- 1:28updates
- 1:29on
- 1:29progress,
- 1:30and
- 1:30then
- 1:31you
- 1:31find
- 1:31that
- 1:31they're
- 1:31holding
- 1:32twice
- 1:32as
- 1:32much
- 1:32stock,
- 1:33than
- 1:33they
- 1:33had
- 1:34been
- 1:34telling
- 1:35you.
- 1:35So
- 1:36the
- 1:36questions
- 1:37or
- 1:37the
- 1:37choices
- 1:38of
- 1:38what
- 1:38you
- 1:38then
- 1:39do
- 1:39next
- 1:39are
- 1:40a.
- 1:40Do
- 1:40you
- 1:41schedule
- 1:41a
- 1:41meeting
- 1:41with
- 1:41your
- 1:41distributor?
- 1:42Request
- 1:42a
- 1:42full
- 1:43disclosure
- 1:43on
- 1:43stock
- 1:44levels
- 1:44and
- 1:44sales
- 1:45data?
- 1:45Do
- 1:45you
- 1:46b
- 1:46develop
- 1:47contingency
- 1:47plans?
- 1:48I
- 1:49you
- 1:49don't
- 1:49want
- 1:49to
- 1:49confront
- 1:49your
- 1:50distributor,
- 1:50directly
- 1:51because
- 1:51you're
- 1:51thinking,
- 1:51well
- 1:52then,
- 1:52there
- 1:53might,
- 1:53you
- 1:53might
- 1:53upset
- 1:54the
- 1:54apple
- 1:54cart
- 1:54for
- 1:54want
- 1:55of
- 1:55a
- 1:55better
- 1:55term.
- 1:56So
- 1:56you
- 1:56develop
- 1:57some
- 1:57internal
- 1:58contingencies,
- 1:58such
- 1:59as
- 1:59sourcing
- 1:59an
- 1:59alternative
- 2:00distributor
- 2:01and
- 2:01having
- 2:01them
- 2:01in
- 2:01the
- 2:01backup,
- 2:02reevaluating.
- 2:03Your
- 2:03supply
- 2:04chain,
- 2:04just
- 2:04looking
- 2:04at
- 2:05other
- 2:05contingency
- 2:05plans
- 2:06that
- 2:06you
- 2:07can,
- 2:07start
- 2:08to
- 2:08mitigate
- 2:08what's
- 2:09happening
- 2:09going
- 2:09forward,
- 2:10or
- 2:10do
- 2:10you
- 2:10see,
- 2:11engage
- 2:12a
- 2:12third
- 2:12party
- 2:13consultant
- 2:13to
- 2:13assess
- 2:14and
- 2:14mediate
- 2:14the
- 2:14distributor
- 2:15relationship
- 2:15by
- 2:16having
- 2:16somebody,
- 2:17who's
- 2:17not
- 2:17related
- 2:18to
- 2:18either
- 2:19party,
- 2:19who
- 2:19can
- 2:20then
- 2:20look
- 2:20at
- 2:20it?
- 2:20Because
- 2:21effectively
- 2:21what
- 2:21you're
- 2:22saying
- 2:22is.
- 2:22Do
- 2:22the
- 2:22mess
- 2:23to
- 2:23the
- 2:23lack
- 2:23of
- 2:24trust.
- 2:24Now
- 2:24we,
- 2:25it
- 2:25needs
- 2:25to
- 2:25be
- 2:25mediated
- 2:26and
- 2:26you
- 2:26need
- 2:26to
- 2:26see
- 2:27what
- 2:27you
- 2:27can
- 2:27do
- 2:27to,
- 2:28improve
- 2:28the
- 2:28situation.
- 2:29Or
- 2:29do
- 2:29you
- 2:30d
- 2:30strengthen
- 2:31the
- 2:31internal
- 2:32team
- 2:32meetings
- 2:33to
- 2:33closely
- 2:34track
- 2:35stock
- 2:35levels
- 2:36so
- 2:36that
- 2:36you're,
- 2:37obviously
- 2:37you've
- 2:37getting
- 2:37information
- 2:38from
- 2:38the
- 2:38distributor,
- 2:39but
- 2:39now
- 2:40you're
- 2:40gonna
- 2:40get
- 2:40your
- 2:40whole
- 2:40team
- 2:41involved
- 2:41to
- 2:41start
- 2:42monitoring
- 2:42it.
- 2:42Measuring
- 2:43it
- 2:43and
- 2:43to
- 2:43make
- 2:43sure
- 2:44that
- 2:44actually
- 2:44going
- 2:45forward,
- 2:45then
- 2:46you're
- 2:46in
- 2:46the
- 2:46best
- 2:46position.
- 2:47And
- 2:47this
- 2:47isn't.
- 2:48Just
- 2:48a
- 2:48simple
- 2:49choice.
- 2:49'cause
- 2:50each
- 2:50option
- 2:51carries
- 2:51implications
- 2:53that
- 2:53could
- 2:53go
- 2:53through
- 2:54the
- 2:54wholly
- 2:54your
- 2:54organization
- 2:55and
- 2:56impact
- 2:56the
- 2:56future
- 2:57success.
- 2:57So
- 2:58just
- 2:58as
- 2:58you'll
- 2:58know,
- 2:59there's
- 2:59always
- 3:00situations
- 3:01you
- 3:01find
- 3:01yourself
- 3:01in
- 3:02which
- 3:02aren't
- 3:02ideal.
- 3:03You've
- 3:03got
- 3:03a
- 3:03number
- 3:04of
- 3:04options.
- 3:05So
- 3:05what
- 3:05I'm
- 3:05gonna
- 3:05do
- 3:05is
- 3:05go
- 3:05for
- 3:06each
- 3:06one
- 3:06of
- 3:06these
- 3:06options
- 3:07to
- 3:07say
- 3:07how
- 3:07I
- 3:07would
- 3:08do
- 3:08it,
- 3:08and
- 3:09then.
- 3:09Give
- 3:09you
- 3:09a
- 3:09thinking
- 3:10framework
- 3:10that
- 3:11then
- 3:11allows
- 3:12you
- 3:12to
- 3:12approach
- 3:13all
- 3:13forks
- 3:14in
- 3:14the
- 3:14road
- 3:14or
- 3:15all
- 3:15challenges
- 3:15that
- 3:16you
- 3:16may
- 3:16have
- 3:16with
- 3:17this
- 3:17framework.
- 3:18So
- 3:18let's
- 3:18get
- 3:19straight
- 3:19into
- 3:19breaking
- 3:20these
- 3:20options
- 3:21down.
- 3:21So
- 3:21option
- 3:22A,
- 3:22as
- 3:22I
- 3:22said,
- 3:22is
- 3:23you
- 3:23meet
- 3:23with
- 3:23a
- 3:23distributor,
- 3:24you're
- 3:24putting
- 3:24all
- 3:24your
- 3:24cars
- 3:25on
- 3:25the
- 3:25table,
- 3:26and
- 3:26this
- 3:27route,
- 3:27obviously,
- 3:28it,
- 3:28it
- 3:29allows
- 3:29for
- 3:30transparency,
- 3:31and
- 3:31it
- 3:31could
- 3:31possibly
- 3:32reinforce
- 3:32your
- 3:32relationship.
- 3:33Because
- 3:34you're
- 3:34opening
- 3:34the
- 3:34floor
- 3:35for
- 3:35dialogue
- 3:36and
- 3:36that
- 3:36you're
- 3:36showing
- 3:37that
- 3:37you
- 3:37value
- 3:37honesty.
- 3:38However,
- 3:38it
- 3:38may
- 3:39also
- 3:39expose
- 3:40you
- 3:40to
- 3:40pushback
- 3:41or
- 3:41defensiveness,
- 3:42because
- 3:43if
- 3:43they've
- 3:43actually
- 3:43been
- 3:43dishonest,
- 3:44what
- 3:45you're
- 3:45doing
- 3:45is
- 3:45calling
- 3:46them
- 3:46out.
- 3:46So
- 3:46yes,
- 3:47on
- 3:47the
- 3:47one
- 3:48hand,
- 3:48it's
- 3:49nice
- 3:49and
- 3:49transparent.
- 3:50It's
- 3:50open,
- 3:51it's
- 3:51honest.
- 3:51But
- 3:51if
- 3:52they've
- 3:52been
- 3:52dishonest.
- 3:53Then
- 3:54you've
- 3:54gotta
- 3:54balance
- 3:54that
- 3:55with
- 3:55the
- 3:55fact
- 3:56that
- 3:56they
- 3:56may
- 3:56not,
- 3:57be
- 3:58forthcoming
- 3:59and
- 3:59then
- 3:59it
- 3:59starts
- 3:59to
- 3:59complicate
- 4:00matters
- 4:00further
- 4:01because
- 4:01you're
- 4:01effectively
- 4:02saying
- 4:02that
- 4:02they
- 4:03have
- 4:03not
- 4:03been
- 4:03telling
- 4:03you
- 4:04the
- 4:04truth.
- 4:04However,
- 4:05the
- 4:05fact
- 4:06of
- 4:06matter
- 4:06is
- 4:06open
- 4:06communication
- 4:07is
- 4:08crucial
- 4:08in
- 4:08partnerships,
- 4:09even
- 4:09if
- 4:10your
- 4:10distributor
- 4:10hasn't
- 4:11been
- 4:11openly
- 4:12communicating
- 4:12with
- 4:12you.
- 4:13So.
- 4:14If
- 4:14you
- 4:14take
- 4:14this
- 4:14approach,
- 4:15you
- 4:15lay
- 4:15down
- 4:16the
- 4:16groundwork
- 4:16for
- 4:17a
- 4:17healthier
- 4:17relationship
- 4:18if
- 4:18both
- 4:18parties
- 4:19start
- 4:20to
- 4:20understand
- 4:20the
- 4:20expectations.
- 4:21So
- 4:21there
- 4:21might
- 4:21not
- 4:21have
- 4:21been
- 4:21an
- 4:22expectation
- 4:22set
- 4:22down
- 4:22in
- 4:22the
- 4:23first
- 4:23place.
- 4:23So
- 4:24there
- 4:24has
- 4:24to
- 4:24come
- 4:24a
- 4:24point
- 4:24when
- 4:24you
- 4:25set
- 4:25down
- 4:25those
- 4:25expectations.
- 4:26And
- 4:27if
- 4:27you
- 4:27were
- 4:27to
- 4:27take
- 4:27this
- 4:28option,
- 4:29then
- 4:29the
- 4:29first
- 4:29thing
- 4:29you
- 4:29need
- 4:30to
- 4:30do
- 4:30is
- 4:30make
- 4:30sure
- 4:31you
- 4:31prepare
- 4:31for
- 4:31the
- 4:31conversation.
- 4:32Don't
- 4:32just
- 4:32go
- 4:33in
- 4:33there
- 4:33without
- 4:33having
- 4:34all
- 4:34your
- 4:34data,
- 4:34gather
- 4:35your
- 4:35data
- 4:35and
- 4:36prepare
- 4:36your
- 4:36questions
- 4:37beforehand
- 4:37so
- 4:37you
- 4:37can
- 4:38have
- 4:38an
- 4:38idea
- 4:38of
- 4:38how
- 4:39you
- 4:39want
- 4:39that.
- 4:40Meeting
- 4:40to
- 4:40flow.
- 4:41And
- 4:41then
- 4:41if
- 4:41you
- 4:41move
- 4:41on
- 4:41to
- 4:41option
- 4:42B,
- 4:42develop
- 4:43contingency
- 4:43plans.
- 4:44Here
- 4:44what
- 4:44you're
- 4:44trying
- 4:45to
- 4:45do
- 4:45is
- 4:45avoid
- 4:45confrontation,
- 4:46but
- 4:46still,
- 4:47make
- 4:47sure
- 4:47that
- 4:48you're
- 4:48not
- 4:48gonna
- 4:48be
- 4:49completely
- 4:49exposed
- 4:50moving
- 4:50forward.
- 4:51So
- 4:51what
- 4:51you're
- 4:51trying
- 4:51to
- 4:52look
- 4:52at
- 4:52is
- 4:52how
- 4:53can
- 4:53you
- 4:53create
- 4:53alternative
- 4:54pathways
- 4:55that
- 4:55allow
- 4:55you
- 4:55to
- 4:55protect,
- 4:56yourself,
- 4:57because
- 4:57you've
- 4:57got
- 4:58stock
- 4:58building,
- 4:59and
- 4:59you
- 4:59don't
- 4:59really
- 5:00want
- 5:00that
- 5:00stock
- 5:00building.
- 5:01Now
- 5:01the
- 5:02challenge
- 5:02here
- 5:03is
- 5:03this
- 5:03option
- 5:04risks
- 5:04appearing
- 5:05untrustworthy
- 5:06and
- 5:06good
- 5:06word.
- 5:06However,
- 5:07the
- 5:07challenge
- 5:07here
- 5:08is,
- 5:09in
- 5:09option
- 5:10A
- 5:10we're
- 5:10talking
- 5:10about,
- 5:11being
- 5:11transparent,
- 5:12and
- 5:12making
- 5:12sure
- 5:13that
- 5:13you
- 5:13and
- 5:13the
- 5:13distributor
- 5:14are
- 5:14both
- 5:15on
- 5:15the
- 5:15same
- 5:15page.
- 5:16Whereas
- 5:16here
- 5:17what
- 5:17you're
- 5:17doing
- 5:17is
- 5:17building
- 5:18contingency
- 5:18plans
- 5:19and
- 5:19this
- 5:19risks,
- 5:20if
- 5:21the
- 5:21distributor
- 5:22finds
- 5:22out
- 5:22what
- 5:22you're
- 5:22doing,
- 5:23the
- 5:24you're
- 5:24basically
- 5:24saying
- 5:25to
- 5:25'em,
- 5:25I
- 5:25don't
- 5:25really
- 5:25trust
- 5:26you,
- 5:26so
- 5:26I'm
- 5:26putting
- 5:26all
- 5:26these
- 5:26contingency
- 5:27plans
- 5:27in
- 5:27place.
- 5:28And
- 5:28that
- 5:28could
- 5:28actually
- 5:29worsen
- 5:30the
- 5:30relationship,
- 5:31which
- 5:31then
- 5:31means
- 5:32that
- 5:32they're
- 5:32much
- 5:32more
- 5:33likely
- 5:33not
- 5:34to
- 5:34give
- 5:34you
- 5:34the
- 5:34information
- 5:35that
- 5:35you're
- 5:35looking
- 5:36for.
- 5:36But
- 5:37having
- 5:37said
- 5:37that.
- 5:38It's
- 5:38critical
- 5:39to
- 5:39have
- 5:39a
- 5:40backup
- 5:40plan
- 5:40whenever
- 5:41you're
- 5:41working
- 5:41in
- 5:41med
- 5:42tech,
- 5:42especially
- 5:43when
- 5:43partners
- 5:43are
- 5:44involved
- 5:44because
- 5:44you
- 5:45go
- 5:45into
- 5:45relationship,
- 5:46as
- 5:46you
- 5:46all
- 5:46know,
- 5:47you
- 5:47think
- 5:47it's
- 5:47gonna
- 5:47be
- 5:47great,
- 5:48it
- 5:48might
- 5:48be
- 5:48great
- 5:48for
- 5:49a
- 5:49period
- 5:49of
- 5:49time,
- 5:49it
- 5:49might
- 5:49not
- 5:50be
- 5:50great
- 5:50for
- 5:50a
- 5:50period
- 5:50of
- 5:50time,
- 5:51but
- 5:51if
- 5:51you
- 5:52don't
- 5:52have
- 5:52a
- 5:52backup
- 5:52plan,
- 5:53if
- 5:53it
- 5:54does
- 5:54go
- 5:54wrong,
- 5:54what
- 5:55you
- 5:55gonna
- 5:55do?
- 5:55So
- 5:56if
- 5:56you're
- 5:56gonna
- 5:56take
- 5:56this
- 5:57option,
- 5:57wow.
- 5:57Suggest
- 5:58if
- 5:58you
- 5:58analyze
- 5:59competitive
- 6:00distributors,
- 6:01you
- 6:01analyze
- 6:02the
- 6:02supply
- 6:03chain
- 6:03that
- 6:03you've
- 6:03got
- 6:04to
- 6:04see
- 6:04if
- 6:04you
- 6:04can
- 6:04diversify
- 6:05that.
- 6:06And
- 6:06just
- 6:06look
- 6:06at
- 6:06different
- 6:07things
- 6:07that
- 6:07you
- 6:07can
- 6:07do
- 6:08as
- 6:08contingencies.
- 6:09And
- 6:10then
- 6:10option
- 6:10C,
- 6:10I
- 6:11said,
- 6:11which
- 6:11was
- 6:12engage
- 6:12a
- 6:12third
- 6:12party
- 6:13consultant
- 6:14and
- 6:14what
- 6:14you're
- 6:14doing
- 6:15here,
- 6:15and
- 6:16the
- 6:16fingers.
- 6:16What
- 6:17you
- 6:17have
- 6:17to
- 6:17accept
- 6:18is
- 6:18those
- 6:18other
- 6:18two
- 6:18things
- 6:19probably
- 6:19don't
- 6:19cost
- 6:19you
- 6:19anything.
- 6:20Well,
- 6:20this
- 6:20one
- 6:20is
- 6:20gonna
- 6:20cost
- 6:21you
- 6:21something.
- 6:21But
- 6:22what
- 6:22you'll
- 6:22try
- 6:23to
- 6:23look
- 6:23at
- 6:23is
- 6:23how
- 6:23do
- 6:24I
- 6:24maintain
- 6:24the
- 6:24relationship
- 6:25but
- 6:25get,
- 6:26the
- 6:26information
- 6:26I
- 6:27require?
- 6:27And
- 6:28that
- 6:28then
- 6:28means
- 6:28that
- 6:28you're
- 6:29bringing
- 6:29in
- 6:30maybe
- 6:30an
- 6:30experience
- 6:31viewpoint.
- 6:31And
- 6:31that
- 6:32could
- 6:32save
- 6:32you
- 6:33from
- 6:33a
- 6:33physical
- 6:33point
- 6:34of
- 6:34view,
- 6:34that
- 6:34burnout
- 6:34or
- 6:34emotional,
- 6:35decision
- 6:36that
- 6:36you've
- 6:36gotta
- 6:36go
- 6:37through.
- 6:37IE
- 6:37you've
- 6:38got
- 6:38a
- 6:38distributor,
- 6:39you've
- 6:39got
- 6:39a
- 6:39good
- 6:39relationship
- 6:40with
- 6:40them.
- 6:40Something's
- 6:41gone
- 6:41wrong.
- 6:41You've
- 6:41now
- 6:42gotta
- 6:42go
- 6:42through
- 6:42that
- 6:42process.
- 6:43Getting
- 6:43a
- 6:43third
- 6:44party
- 6:44person
- 6:44in
- 6:45that
- 6:45may
- 6:45be
- 6:46an
- 6:46option
- 6:47where
- 6:47they
- 6:47can
- 6:48then
- 6:48start
- 6:48facilitating.
- 6:49Tough
- 6:49conversations.
- 6:50It's
- 6:50not
- 6:51personal
- 6:51because
- 6:51that
- 6:52person's
- 6:52not
- 6:52personally
- 6:52involved
- 6:53and
- 6:53they
- 6:53can
- 6:54also
- 6:54offer
- 6:54some
- 6:54strategic
- 6:55insights
- 6:55on
- 6:56how
- 6:56you
- 6:56can
- 6:57move
- 6:57forward.
- 6:57But.
- 6:58As
- 6:58always
- 6:58with
- 6:59these
- 6:59things,
- 6:59you
- 6:59do
- 6:59the
- 7:00balance
- 7:00that
- 7:00you're
- 7:01tying
- 7:01up.
- 7:01Because
- 7:02one,
- 7:02if
- 7:02you
- 7:02take
- 7:02this
- 7:03view,
- 7:04then
- 7:04you're
- 7:04also
- 7:05adding
- 7:05another
- 7:06layer
- 7:06of
- 7:06complexity
- 7:07and
- 7:07cost
- 7:08into
- 7:08the
- 7:08situation.
- 7:09Now,
- 7:10the
- 7:10reason
- 7:10why,
- 7:11this
- 7:11is
- 7:11an
- 7:11interesting
- 7:12view
- 7:12and
- 7:13it
- 7:13might
- 7:13be
- 7:14a
- 7:14view.
- 7:14That
- 7:14you
- 7:15haven't
- 7:15thought
- 7:15about,
- 7:16and
- 7:16it's
- 7:16just
- 7:16that
- 7:16I'm
- 7:17bringing
- 7:17it
- 7:17in
- 7:17because
- 7:17I've
- 7:18seen
- 7:18it
- 7:18work
- 7:19in
- 7:19certain
- 7:19organizations
- 7:20because
- 7:20sometimes
- 7:21an
- 7:21external
- 7:22perspective
- 7:23can
- 7:23provide
- 7:24a
- 7:24great
- 7:24deal
- 7:24of
- 7:25clarity
- 7:25when
- 7:25emotions
- 7:26are
- 7:26running
- 7:26high.
- 7:26So,
- 7:27I'm
- 7:27feeling
- 7:28that
- 7:28you
- 7:28as
- 7:28a
- 7:28distributor
- 7:29have
- 7:29deceived
- 7:29me.
- 7:30The
- 7:30distributor's
- 7:30feeling
- 7:31that
- 7:31you're
- 7:31accusing
- 7:32them
- 7:32of
- 7:32something
- 7:32and
- 7:32obviously
- 7:33you're
- 7:33getting
- 7:33very
- 7:33defensive.
- 7:34Emotions
- 7:34are
- 7:34running
- 7:35high,
- 7:35very
- 7:36rare
- 7:36to
- 7:36make
- 7:36the
- 7:37best
- 7:37decisions
- 7:37when
- 7:37emotions
- 7:38are
- 7:38running
- 7:38high.
- 7:38So
- 7:38having
- 7:39that
- 7:39external
- 7:39perspective
- 7:40can
- 7:41lead
- 7:42to
- 7:42clarity
- 7:42and
- 7:43take
- 7:43the
- 7:43emotion
- 7:44out
- 7:44of
- 7:44it.
- 7:44And
- 7:44if
- 7:44you're
- 7:44gonna
- 7:45do
- 7:45that,
- 7:45then
- 7:46if
- 7:46you
- 7:46already
- 7:46know
- 7:47people
- 7:47who
- 7:47are
- 7:47third
- 7:47parties
- 7:48that
- 7:48you
- 7:48can
- 7:48work
- 7:48with,
- 7:49that's
- 7:49great.
- 7:49If
- 7:50not,
- 7:50and
- 7:50you're
- 7:50starting
- 7:51to
- 7:51look
- 7:51for
- 7:51people
- 7:51who
- 7:52can
- 7:52potentially
- 7:52do
- 7:52that,
- 7:53then.
- 7:53Vet
- 7:53potential
- 7:54consultant
- 7:54space
- 7:55on
- 7:55their
- 7:55experience,
- 7:56specifically
- 7:57in
- 7:57MedTech
- 7:58distribution,
- 7:59and
- 7:59there's
- 7:59plenty
- 7:59of
- 7:59people
- 7:59out
- 8:00there.
- 8:00And
- 8:00then
- 8:00option
- 8:01D,
- 8:01strengthen
- 8:02internal
- 8:03team
- 8:03meetings.
- 8:04And
- 8:04what
- 8:05I
- 8:05mean
- 8:05by
- 8:05this
- 8:05is,
- 8:05at
- 8:06the
- 8:06moment,
- 8:06all
- 8:07those,
- 8:07situations
- 8:08are
- 8:08about,
- 8:09this
- 8:09has
- 8:09happened
- 8:10year
- 8:10managing
- 8:10the
- 8:11situation
- 8:11when
- 8:11you
- 8:12open
- 8:12up
- 8:12to
- 8:12the
- 8:12team.
- 8:13Several
- 8:13things
- 8:13happen.
- 8:13Number
- 8:14one,
- 8:14it
- 8:15means
- 8:15that,
- 8:16as
- 8:16they
- 8:16say,
- 8:16a
- 8:16problem
- 8:16shared
- 8:17with
- 8:17the
- 8:17problem,
- 8:17Hal.
- 8:17So
- 8:17it's
- 8:17just
- 8:18not
- 8:18you
- 8:18doing
- 8:18it.
- 8:19You've
- 8:19then
- 8:19opened
- 8:19that
- 8:19out
- 8:19to
- 8:19the
- 8:19team.
- 8:20You
- 8:20can
- 8:20then
- 8:20brainstorm
- 8:21the
- 8:21problem
- 8:21and
- 8:21come
- 8:21out
- 8:21with
- 8:22some
- 8:22solutions.
- 8:23And
- 8:23some
- 8:23of
- 8:23those
- 8:23solutions
- 8:24may
- 8:24well
- 8:25lead
- 8:25to
- 8:25options
- 8:26A,
- 8:26B,
- 8:26and
- 8:26C.
- 8:27And
- 8:27then
- 8:27once
- 8:28you've
- 8:28come
- 8:28out
- 8:28a
- 8:28solution,
- 8:29then
- 8:30what
- 8:30you
- 8:30want
- 8:30to
- 8:30do
- 8:30then
- 8:31is
- 8:31then
- 8:31devolve
- 8:32that,
- 8:32and
- 8:33devolve
- 8:33some
- 8:33of
- 8:33that
- 8:33to
- 8:34the
- 8:34team.
- 8:34So
- 8:34if
- 8:34you're
- 8:34saying,
- 8:35right,
- 8:35we're
- 8:35gonna
- 8:35do,
- 8:35we're
- 8:36gonna
- 8:36now
- 8:36start
- 8:36tracking
- 8:37stock
- 8:37levels
- 8:37closely,
- 8:38then.
- 8:39You,
- 8:39it's
- 8:39not
- 8:39just
- 8:39you
- 8:39doing
- 8:40it,
- 8:40you've
- 8:40got
- 8:40your
- 8:41team
- 8:41doing
- 8:41it,
- 8:41and
- 8:41you're,
- 8:42they're
- 8:42working
- 8:42with
- 8:42their
- 8:43team
- 8:43counterparts
- 8:44in
- 8:44the
- 8:44distributor.
- 8:44and
- 8:45if
- 8:45it's
- 8:45another
- 8:46solution,
- 8:46again,
- 8:47what
- 8:47you're
- 8:48doing,
- 8:48if
- 8:48it's
- 8:49a
- 8:49solution
- 8:49that
- 8:49you
- 8:49wanna
- 8:49have
- 8:49a
- 8:49meeting
- 8:50or
- 8:50with
- 8:51the
- 8:51distributor,
- 8:51or
- 8:51you
- 8:52want
- 8:52to
- 8:52have
- 8:52the
- 8:52third
- 8:53party,
- 8:54then
- 8:54you
- 8:55can
- 8:55use
- 8:55your
- 8:55team
- 8:55to
- 8:56help
- 8:56you
- 8:56pursue
- 8:57that
- 8:57particular
- 8:58path.
- 8:59And
- 8:59the
- 8:59good
- 8:59thing
- 9:00here
- 9:00is
- 9:01that
- 9:01then
- 9:01if
- 9:02you've
- 9:02got
- 9:02more
- 9:02people
- 9:03looking
- 9:03at
- 9:03a
- 9:03problem,
- 9:04you're
- 9:04gonna
- 9:04be
- 9:04in
- 9:04a
- 9:04better
- 9:05position
- 9:05to
- 9:05identify
- 9:06the
- 9:06challenges,
- 9:07but
- 9:07also
- 9:07more
- 9:08importantly,
- 9:09identify
- 9:10the
- 9:10solutions.
- 9:11The
- 9:11downside
- 9:12potentially
- 9:12could
- 9:13be
- 9:13that
- 9:13if
- 9:14your
- 9:14team
- 9:14had
- 9:14already
- 9:14got
- 9:15lots
- 9:15of
- 9:15stuff
- 9:15going
- 9:16on
- 9:16and
- 9:16you're
- 9:16now
- 9:17putting
- 9:17more
- 9:17stuff
- 9:17onto
- 9:17them,
- 9:18And
- 9:18then
- 9:18you're
- 9:19really
- 9:19looking
- 9:20at
- 9:20stock
- 9:20levels
- 9:20every
- 9:21minute
- 9:21of
- 9:21every
- 9:22day,
- 9:22and
- 9:22you're
- 9:22getting
- 9:22them
- 9:22to
- 9:22do
- 9:22it.
- 9:23They
- 9:23may
- 9:23start
- 9:23feeling
- 9:24they're
- 9:24being
- 9:24micromanaged,
- 9:25potentially
- 9:25they
- 9:25may
- 9:26feel
- 9:26a
- 9:26bit
- 9:26more
- 9:26pressure
- 9:27because
- 9:27they're
- 9:27now
- 9:27being
- 9:28asked
- 9:28to
- 9:29help
- 9:29with
- 9:29these
- 9:29big
- 9:30problems
- 9:30because
- 9:30it
- 9:31is
- 9:31a
- 9:31big
- 9:31problem.
- 9:31Well,
- 9:32if
- 9:32you've
- 9:32got
- 9:32additional
- 9:33stock,
- 9:33over
- 9:33and
- 9:33above
- 9:34and
- 9:34you're
- 9:34getting
- 9:34them
- 9:34to
- 9:35actually
- 9:35start
- 9:35thinking
- 9:35about,
- 9:36well,
- 9:36how
- 9:36can
- 9:36we,
- 9:37alleviate
- 9:37this
- 9:38issue
- 9:38with
- 9:38the
- 9:39distributor
- 9:40and.
- 9:40If
- 9:40all
- 9:41of
- 9:41a
- 9:41sudden
- 9:41you've
- 9:41now
- 9:42got
- 9:42other
- 9:42members
- 9:42of
- 9:42your
- 9:43team
- 9:43speaking
- 9:44to
- 9:44the
- 9:44distributors,
- 9:45and
- 9:45other
- 9:45members
- 9:46of,
- 9:46the
- 9:46distributor
- 9:46team,
- 9:47they
- 9:47may
- 9:47well
- 9:48start
- 9:48feeling
- 9:49that
- 9:49they're
- 9:49being
- 9:49micromanaged.
- 9:50So
- 9:50on
- 9:50the
- 9:51positive
- 9:51side,
- 9:51if
- 9:51it
- 9:51works,
- 9:52your
- 9:52team
- 9:53can
- 9:53feel,
- 9:54that
- 9:54they're
- 9:55being
- 9:55empowered
- 9:55and
- 9:55they've
- 9:56got
- 9:56a
- 9:56culture
- 9:56of
- 9:56accountability.
- 9:57But
- 9:58on
- 9:58the
- 9:58downside.
- 9:59Then
- 9:59people
- 9:59may
- 10:00feel
- 10:00micromanaged.
- 10:01So
- 10:01if
- 10:01you
- 10:01are
- 10:01gonna
- 10:01go
- 10:02with
- 10:02option
- 10:02D,
- 10:03then
- 10:04quite
- 10:04clearly,
- 10:04as
- 10:05we
- 10:05said
- 10:05when
- 10:05we're
- 10:05talking
- 10:06about
- 10:06if
- 10:06you're
- 10:06gonna
- 10:06arrange
- 10:07a
- 10:07meeting.
- 10:07Think
- 10:08very
- 10:08clearly
- 10:08about
- 10:09what,
- 10:10if
- 10:10you
- 10:10try
- 10:10to
- 10:10get
- 10:10outta
- 10:11the
- 10:11meeting,
- 10:12prepare
- 10:12all
- 10:12your
- 10:12documentation
- 10:13in
- 10:13terms
- 10:14of
- 10:14where
- 10:14the
- 10:14why
- 10:15did
- 10:15the
- 10:15problem,
- 10:16what
- 10:16the
- 10:16problem
- 10:17occurred,
- 10:17and
- 10:18actually
- 10:18the
- 10:18questions
- 10:19that
- 10:19you
- 10:19want
- 10:19ask,
- 10:19be
- 10:19asking
- 10:20your
- 10:20team
- 10:20in
- 10:20the
- 10:20first
- 10:21instance
- 10:22are
- 10:22what
- 10:23are
- 10:23your
- 10:23views,
- 10:24what
- 10:24your
- 10:24ideas,
- 10:25and
- 10:25start
- 10:25brainstorming
- 10:25it
- 10:26and
- 10:26get
- 10:26that
- 10:27information,
- 10:27there.
- 10:28And
- 10:28then
- 10:28once
- 10:28you've
- 10:28done
- 10:29the
- 10:29brainstorming,
- 10:29my
- 10:30suggestion
- 10:30would
- 10:30be
- 10:31that
- 10:31you
- 10:31don't
- 10:32just
- 10:32do
- 10:32the
- 10:32brainstorming
- 10:33and
- 10:33then
- 10:33say,
- 10:33right,
- 10:33okay,
- 10:34we're
- 10:34gonna
- 10:34go
- 10:34with
- 10:34that.
- 10:34You
- 10:34do
- 10:35this,
- 10:35you
- 10:35do
- 10:35that,
- 10:35you
- 10:35do
- 10:35that.
- 10:36You
- 10:36then
- 10:36actually
- 10:37ask
- 10:37for
- 10:37people
- 10:38what
- 10:38they
- 10:38think
- 10:39is
- 10:39the
- 10:39best
- 10:39way
- 10:39to
- 10:40do
- 10:40as
- 10:40a
- 10:40team.
- 10:41How.
- 10:41Should
- 10:42each
- 10:42person,
- 10:43get
- 10:43involved.
- 10:44Because
- 10:44if
- 10:44they
- 10:44come
- 10:44back
- 10:45to
- 10:45you
- 10:45and
- 10:45say,
- 10:45well,
- 10:45I
- 10:45would
- 10:45take
- 10:46this,
- 10:46I
- 10:46would
- 10:46take
- 10:47that,
- 10:47then
- 10:47they'll
- 10:48feel
- 10:48em
- 10:48empowered
- 10:49as
- 10:49opposed
- 10:50to
- 10:50feel
- 10:50that
- 10:50they're
- 10:50being
- 10:51micromanaged
- 10:51or
- 10:51pushed
- 10:52or
- 10:52pressurized.
- 10:53So
- 10:53that,
- 10:54that
- 10:54would
- 10:54be
- 10:54option
- 10:55D.
- 10:55Now
- 10:56I'm
- 10:56gonna
- 10:56give
- 10:56you
- 10:57what
- 10:57I
- 10:57think
- 10:58and
- 10:58what
- 10:58I
- 10:59would
- 10:59do
- 10:59in
- 10:59this
- 10:59situation.
- 11:00But
- 11:00before
- 11:00that,
- 11:01I
- 11:01want
- 11:01to
- 11:01take
- 11:01you
- 11:02through
- 11:02the
- 11:02thinking
- 11:03framework
- 11:04that
- 11:04I
- 11:05use
- 11:05and
- 11:05I
- 11:05think
- 11:06is
- 11:06a
- 11:06very
- 11:06useful
- 11:06thinking
- 11:07framework,
- 11:08that
- 11:08when
- 11:08you're
- 11:08looking.
- 11:09This
- 11:10type
- 11:10of
- 11:10decision.
- 11:11And
- 11:11the
- 11:12thinking
- 11:12framework
- 11:13is
- 11:13three
- 11:13simple
- 11:14points.
- 11:14The
- 11:14first
- 11:15one
- 11:15is
- 11:15clarity
- 11:15on
- 11:16goals.
- 11:16So
- 11:16what
- 11:17is
- 11:17it
- 11:17that
- 11:17you
- 11:17want
- 11:18from
- 11:18this
- 11:18distributor
- 11:19relationship
- 11:20because
- 11:21that
- 11:21determines
- 11:22what
- 11:23approach
- 11:23you
- 11:24take.
- 11:24So
- 11:24if
- 11:25you're
- 11:25thinking,
- 11:26well,
- 11:26actually
- 11:26I'm
- 11:26not
- 11:26bothered
- 11:27if
- 11:27the
- 11:27distributor
- 11:27relationship
- 11:28blows
- 11:28up.
- 11:28Then,
- 11:29you're
- 11:29gonna
- 11:29behave
- 11:29in
- 11:30one
- 11:30way.
- 11:30But
- 11:31if
- 11:31you're
- 11:31thinking,
- 11:31no,
- 11:31I
- 11:32need
- 11:32to
- 11:32find
- 11:32a
- 11:32way
- 11:33to
- 11:33make
- 11:33sure
- 11:33that
- 11:33I
- 11:34find
- 11:34out
- 11:34the
- 11:34relevant
- 11:35information,
- 11:36and
- 11:36I
- 11:36have
- 11:36to
- 11:36explain
- 11:36to
- 11:37them
- 11:37that
- 11:37actually
- 11:37this
- 11:38can't
- 11:38happen
- 11:38again,
- 11:38et
- 11:39cetera,
- 11:39and
- 11:39put
- 11:39in
- 11:39mitigations
- 11:40moving
- 11:40forward,
- 11:41and
- 11:41make
- 11:42sure
- 11:42you
- 11:42find
- 11:42out
- 11:42what
- 11:42the
- 11:42real
- 11:43stock
- 11:43level
- 11:43are,
- 11:44and
- 11:44then
- 11:44ensure
- 11:45that
- 11:45actually
- 11:45you've
- 11:46got
- 11:46a
- 11:46process
- 11:47for
- 11:48running
- 11:48those
- 11:48stock
- 11:48levels
- 11:49down
- 11:49and
- 11:49making
- 11:49sure
- 11:49the
- 11:50customers
- 11:50aren't
- 11:50disadvantaged.
- 11:51But
- 11:51yeah,
- 11:51so
- 11:52if
- 11:52you
- 11:52are
- 11:53wanting
- 11:53to
- 11:53maintain
- 11:54that
- 11:54and
- 11:54get
- 11:55all
- 11:55that
- 11:55information,
- 11:56then
- 11:56obviously,
- 11:57that'll
- 11:57be
- 11:57different
- 11:58than
- 11:58someone
- 11:58that
- 11:59you're
- 11:59not
- 11:59really
- 11:59bothered
- 11:59about
- 12:00and
- 12:00you're
- 12:00thinking,
- 12:00well,
- 12:00I'm
- 12:01changing
- 12:01the
- 12:01distributor
- 12:01anyway,
- 12:02so
- 12:02I
- 12:02don't
- 12:02mind
- 12:03going
- 12:03in
- 12:03and
- 12:03blowing
- 12:04up
- 12:04the
- 12:04relationship.
- 12:04I
- 12:04just
- 12:05need
- 12:05to
- 12:05find
- 12:05out
- 12:05what
- 12:05the
- 12:06stock
- 12:06levels
- 12:06are.
- 12:06So
- 12:06that's
- 12:06the
- 12:07first
- 12:07one.
- 12:07Clarity
- 12:08on
- 12:08goals.
- 12:08You
- 12:09need
- 12:09to
- 12:09know
- 12:09what
- 12:10it
- 12:10is
- 12:10you're
- 12:10trying
- 12:10to
- 12:10achieve.
- 12:11Number
- 12:11two,
- 12:12it's
- 12:12risk
- 12:13versus
- 12:13reward.
- 12:14What's
- 12:14the
- 12:14potential
- 12:14upside
- 12:15of
- 12:15each
- 12:15option
- 12:16compared
- 12:16to
- 12:16the
- 12:16risk
- 12:17involved?
- 12:17That's
- 12:17why
- 12:17when
- 12:18I
- 12:18was
- 12:18talking
- 12:18through
- 12:18it,
- 12:19I
- 12:19was
- 12:19talking
- 12:19through
- 12:20the
- 12:20upside,
- 12:21the
- 12:21downside
- 12:22that
- 12:22what
- 12:22could
- 12:23happen,
- 12:23what
- 12:23might
- 12:23not
- 12:23happen,
- 12:24and
- 12:24then
- 12:24number
- 12:25three,
- 12:25data
- 12:26driven
- 12:26decisions.
- 12:27That's
- 12:28why,
- 12:28when
- 12:28I
- 12:28talked
- 12:28about
- 12:29the
- 12:29option
- 12:29about
- 12:29getting
- 12:30a
- 12:30third
- 12:30party
- 12:30person
- 12:30in,
- 12:31that
- 12:31was
- 12:31because
- 12:31I
- 12:32was
- 12:32talking
- 12:32about
- 12:32taking
- 12:32the
- 12:32emotion
- 12:33out
- 12:33of
- 12:33it.
- 12:33And
- 12:33the
- 12:33other
- 12:34way
- 12:34of
- 12:34taking
- 12:34emotion
- 12:34out
- 12:35of
- 12:35it
- 12:35is
- 12:35data
- 12:36driven
- 12:36decisions.
- 12:37Because
- 12:37if
- 12:37you
- 12:37gather
- 12:38as
- 12:38much
- 12:38information
- 12:38as
- 12:39you
- 12:39can
- 12:39from
- 12:40stock
- 12:40levels
- 12:40to
- 12:40market
- 12:41trends,
- 12:41et
- 12:41cetera,
- 12:42and
- 12:42then
- 12:42you
- 12:43ensure
- 12:43that
- 12:43your
- 12:44choice
- 12:44is
- 12:45founded
- 12:45on
- 12:45facts
- 12:46and
- 12:47not
- 12:47feelings,
- 12:48then
- 12:48you're
- 12:48gonna
- 12:48be
- 12:48in
- 12:48a
- 12:48much
- 12:49better
- 12:49position.
- 12:50So
- 12:50what
- 12:51you
- 12:51need
- 12:51to
- 12:52ask
- 12:52yourself
- 12:52when
- 12:53you're
- 12:53in
- 12:53this
- 12:54situation
- 12:54is
- 12:55how
- 12:55will
- 12:55this
- 12:56decision
- 12:56affect
- 12:57my
- 12:57immediate
- 12:57output
- 12:58and
- 12:58long-term
- 12:59goals?
- 13:00So
- 13:00then
- 13:01what
- 13:01you
- 13:01do
- 13:02to
- 13:02wrap
- 13:02all
- 13:02this
- 13:02up
- 13:03is
- 13:03you'd
- 13:03ask
- 13:03yourself
- 13:03two
- 13:04questions.
- 13:04Number
- 13:04one,
- 13:05how
- 13:05will
- 13:06this
- 13:06decision
- 13:06affect
- 13:06my
- 13:06immediate
- 13:07output
- 13:07and
- 13:07long-term
- 13:08goals?
- 13:08And
- 13:08then
- 13:08number
- 13:09two,
- 13:09what's
- 13:09gonna
- 13:09give
- 13:09you
- 13:09the
- 13:09most
- 13:10leverage
- 13:10while
- 13:10maintaining
- 13:11stability
- 13:12in
- 13:12your
- 13:13existing
- 13:13relationships?
- 13:14So
- 13:15based
- 13:15on
- 13:15all
- 13:15of
- 13:15this,
- 13:16my
- 13:16choice
- 13:17is
- 13:17actually
- 13:17a
- 13:18schedule
- 13:18a
- 13:18meeting
- 13:19with
- 13:19the
- 13:19distributor
- 13:20for
- 13:20full
- 13:20disclosure.
- 13:21Why?
- 13:22Well,
- 13:22firstly,
- 13:22because
- 13:23I
- 13:23just
- 13:23like
- 13:23to
- 13:23be
- 13:23open
- 13:24and
- 13:24transparent.
- 13:24I
- 13:25find
- 13:25it
- 13:25very
- 13:25difficult
- 13:26to
- 13:26work
- 13:27in
- 13:28a
- 13:28situation,
- 13:28a
- 13:28partnership
- 13:29whereby.
- 13:30I'm
- 13:30frustrated
- 13:31or
- 13:32I
- 13:32think
- 13:32someone's
- 13:32deceiving
- 13:33me
- 13:33and
- 13:33I
- 13:33don't
- 13:33make
- 13:34that
- 13:34open.
- 13:35And
- 13:35that's
- 13:35just
- 13:35the
- 13:35way
- 13:35I
- 13:36function.
- 13:36But
- 13:36I
- 13:36think
- 13:37not
- 13:38just
- 13:38because
- 13:39that's
- 13:39the
- 13:39way,
- 13:40that's
- 13:40my
- 13:40preferred
- 13:41style,
- 13:41but
- 13:41from
- 13:42experience
- 13:43of
- 13:43working
- 13:43with
- 13:43lots
- 13:44of
- 13:44partnerships.
- 13:44Transparency
- 13:45is
- 13:45essential.
- 13:45And
- 13:46then
- 13:46maintaining
- 13:47close
- 13:47contact
- 13:48with
- 13:48your
- 13:48distributor
- 13:49because
- 13:49you're
- 13:49having
- 13:49a
- 13:50meeting
- 13:50and
- 13:51then
- 13:51you're
- 13:51gonna
- 13:51implement
- 13:52meeting,
- 13:52empowers
- 13:53you
- 13:53to
- 13:53work
- 13:54collaboratively
- 13:55towards
- 13:55solutions
- 13:56that
- 13:56benefit
- 13:56both
- 13:57parties.
- 13:57And
- 13:58this
- 13:58is
- 13:58the
- 13:58key
- 13:58thing
- 13:58really,
- 13:59because.
- 13:59It's
- 13:59not
- 13:59just
- 14:00about
- 14:00benefiting
- 14:00you.
- 14:01So
- 14:01firstly,
- 14:02having
- 14:02a
- 14:02meeting
- 14:03will
- 14:03then
- 14:03hopefully,
- 14:04lets
- 14:04them
- 14:04know
- 14:05that
- 14:05actually
- 14:06what's
- 14:06happened
- 14:07and
- 14:07there
- 14:07might
- 14:07be
- 14:07a
- 14:07justifiable
- 14:08reason
- 14:08for
- 14:09it,
- 14:09but
- 14:09if
- 14:09there
- 14:10isn't
- 14:10a
- 14:10justifiable
- 14:10reason
- 14:11for
- 14:11it,
- 14:11they
- 14:11still
- 14:11know,
- 14:11you
- 14:12know,
- 14:12and
- 14:12then
- 14:12they
- 14:12have
- 14:13to
- 14:13explain
- 14:14why
- 14:14it's
- 14:14happened.
- 14:15And
- 14:15then
- 14:15it's
- 14:15your
- 14:15job
- 14:16to
- 14:16explain
- 14:17why
- 14:17it's
- 14:17not
- 14:17in
- 14:17their
- 14:18interest
- 14:19and
- 14:19it's
- 14:19not
- 14:19in
- 14:19your
- 14:19interest
- 14:20and
- 14:20actually
- 14:20working
- 14:21together.
- 14:21Is
- 14:22in
- 14:22both
- 14:22your
- 14:22interest
- 14:23and
- 14:23then,
- 14:24that
- 14:24allows
- 14:24you
- 14:24to
- 14:24work,
- 14:25collaboratively
- 14:26towards
- 14:26solutions
- 14:27that
- 14:27benefit
- 14:27both
- 14:28of
- 14:28you,
- 14:28not
- 14:28just
- 14:28one
- 14:29of
- 14:29you.
- 14:29And
- 14:29the
- 14:29key
- 14:30really
- 14:30coming
- 14:30out,
- 14:30this
- 14:31is
- 14:31that
- 14:31staying
- 14:32close
- 14:32to
- 14:32your
- 14:32distributors
- 14:33is
- 14:33critical
- 14:35because
- 14:35it
- 14:36means
- 14:36that
- 14:37rather
- 14:37than
- 14:37having
- 14:37assumptions,
- 14:38IE
- 14:38you
- 14:39thought
- 14:39that
- 14:39they
- 14:39had
- 14:40a
- 14:40certain
- 14:40amount
- 14:40of
- 14:40stock,
- 14:41or
- 14:41they
- 14:41had
- 14:41actually
- 14:41told
- 14:42you
- 14:42there's
- 14:42a
- 14:42certain
- 14:42amount
- 14:42of
- 14:43stock
- 14:43but
- 14:43you
- 14:43didn't
- 14:43check
- 14:43it.
- 14:44That
- 14:44can
- 14:44lead
- 14:44to
- 14:44on
- 14:45significant
- 14:45onese
- 14:46risk.
- 14:46Down
- 14:46the
- 14:46line.
- 14:47So
- 14:48the
- 14:48core
- 14:48insight
- 14:49for
- 14:49today
- 14:50really
- 14:51is
- 14:51make
- 14:51sure
- 14:51you
- 14:51stay
- 14:52close
- 14:52to
- 14:52your
- 14:52distributors.
- 14:53Do
- 14:53not
- 14:54ever
- 14:54think,
- 14:55okay,
- 14:55I've
- 14:55got
- 14:56a
- 14:56good
- 14:56relationship
- 14:56because
- 14:56I
- 14:57chat
- 14:57with
- 14:57them
- 14:57on
- 14:58a
- 14:58regular
- 14:58basis.
- 14:59That
- 14:59is
- 14:59enough.
- 15:00You
- 15:00need
- 15:00to
- 15:00have
- 15:00scheduled
- 15:01meeting
- 15:01if
- 15:01you
- 15:01need
- 15:01to
- 15:01be
- 15:02making
- 15:02sure
- 15:02you're
- 15:02open
- 15:02and
- 15:02transparent
- 15:03and
- 15:03you
- 15:03need
- 15:03to
- 15:04set
- 15:05the
- 15:05scene
- 15:05for
- 15:05that
- 15:06relationship
- 15:07from
- 15:07day
- 15:07one
- 15:08so
- 15:08that
- 15:09You
- 15:09make
- 15:09it
- 15:09very
- 15:09clear
- 15:10to
- 15:10your
- 15:10distributor
- 15:11that
- 15:11for
- 15:11us,
- 15:12openness
- 15:12and
- 15:13transparency
- 15:14is
- 15:14a
- 15:14key
- 15:15for
- 15:15the
- 15:15success.
- 15:16That
- 15:16we
- 15:16work
- 15:16together
- 15:17and
- 15:17therefore
- 15:17we'll
- 15:17thrive
- 15:18together.
- 15:18I
- 15:18know
- 15:19it
- 15:19sounds
- 15:19very
- 15:19glib.
- 15:19I
- 15:20do
- 15:20apologize,
- 15:21but
- 15:21it's
- 15:21true.
- 15:22And
- 15:22you
- 15:22want
- 15:22to
- 15:22make
- 15:23sure
- 15:23that's
- 15:23very
- 15:23clear
- 15:24to
- 15:24your
- 15:24distributor
- 15:25and
- 15:25then
- 15:26you
- 15:26then
- 15:26put
- 15:26that
- 15:26in
- 15:26your
- 15:27distributor
- 15:27agreement
- 15:28to
- 15:28make
- 15:28sure
- 15:29that
- 15:29it's
- 15:29not
- 15:29actually
- 15:29just.
- 15:30You
- 15:31verbalizing
- 15:31it,
- 15:32but
- 15:32it's
- 15:32actually
- 15:32a
- 15:32contractual
- 15:33agreement
- 15:34in
- 15:34terms
- 15:34of
- 15:34you
- 15:35working
- 15:35together.
- 15:36So
- 15:36that's
- 15:36definitely
- 15:36my
- 15:37answer,
- 15:37but
- 15:38I'm
- 15:38aware
- 15:38that
- 15:38other
- 15:38people
- 15:39might
- 15:39think
- 15:39of
- 15:39slightly
- 15:39different
- 15:40things.
- 15:40So
- 15:40I'd
- 15:41really
- 15:41love
- 15:42you
- 15:42to
- 15:42reflect
- 15:43on
- 15:43that
- 15:43situation
- 15:44and
- 15:44even
- 15:45maybe.
- 15:45Share
- 15:45your
- 15:46thoughts
- 15:46with
- 15:46me
- 15:47on
- 15:47LinkedIn
- 15:48or
- 15:49to
- 15:49send
- 15:49me
- 15:49a
- 15:49message
- 15:50because
- 15:50I
- 15:50think
- 15:50engaging
- 15:51in
- 15:51these
- 15:51sorts
- 15:51of
- 15:51conversations
- 15:53can
- 15:53shed
- 15:53real
- 15:54light
- 15:54on
- 15:54how
- 15:55others
- 15:55would
- 15:55navigate
- 15:56it.
- 15:56'cause
- 15:56there
- 15:56might
- 15:57be,
- 15:57things
- 15:57that
- 15:57you
- 15:58thought
- 15:58about
- 15:58that
- 15:58I've
- 15:58never
- 15:59thought
- 15:59about.
- 16:00I'm
- 16:00basing
- 16:00it
- 16:00on
- 16:01experiences
- 16:01I've.
- 16:02And
- 16:02what
- 16:03has
- 16:03worked
- 16:03and
- 16:03what's
- 16:03not
- 16:04worked,
- 16:04but
- 16:04my
- 16:05experiences
- 16:05or
- 16:05my
- 16:06experiences,
- 16:06they're
- 16:07not
- 16:07the
- 16:07entirety
- 16:08of
- 16:08the
- 16:08experiences
- 16:09in
- 16:09the
- 16:09MedTech
- 16:10industry.
- 16:10So
- 16:10I'm
- 16:10always
- 16:11really
- 16:11interested
- 16:11in
- 16:12what
- 16:13your
- 16:13thoughts
- 16:13are
- 16:14and
- 16:14what
- 16:15you
- 16:15may
- 16:16do,
- 16:16which
- 16:16is
- 16:16different
- 16:17than
- 16:17what
- 16:17I've
- 16:18put
- 16:18into
- 16:18this
- 16:19session.
- 16:19But
- 16:20hopefully
- 16:20you
- 16:20found
- 16:21that
- 16:21useful.
- 16:22And
- 16:22if
- 16:22you're
- 16:22building
- 16:23a
- 16:23MedTech
- 16:24business
- 16:25and
- 16:25you're
- 16:25not
- 16:25sure
- 16:25whether
- 16:26your
- 16:26next
- 16:26move
- 16:26should
- 16:27be
- 16:27around
- 16:27evidence,
- 16:28market
- 16:28access,
- 16:28commercialization,
- 16:29distributor
- 16:30strategy.
- 16:30Or
- 16:31adoption.
- 16:31Do
- 16:32not
- 16:32guess.
- 16:33Book
- 16:33a
- 16:33healthcare
- 16:34export
- 16:34accelerator
- 16:35diagnostic
- 16:35Call
- 16:36with
- 16:36me.
- 16:36Use
- 16:37my
- 16:37link
- 16:37in
- 16:37the
- 16:37show
- 16:38notes.
- 16:38And
- 16:39in
- 16:39that
- 16:39session
- 16:39I'll
- 16:40help
- 16:40you
- 16:40identify
- 16:41the
- 16:41specific
- 16:41constraints
- 16:42blocking
- 16:43your
- 16:43momentum
- 16:44and
- 16:44the
- 16:44commercial
- 16:45move
- 16:45most
- 16:46likely
- 16:46to
- 16:46unlock
- 16:47your
- 16:47progress.
- 16:48Thanks
- 16:48for
- 16:48tuning
- 16:48in.
- 16:49Until
- 16:49next
- 16:49time,
- 16:50thanks
- 16:50for
- 16:50listening.
- 16:51Keep
- 16:51challenging
- 16:52your
- 16:52assumptions
- 16:53and
- 16:53keep
- 16:53growing.