The Unacceptable Price of Better

This week a pharmaceutical giant learned a valuable lesson; better has its value and it is not always at a premium.

The company’s stock price turned drastically lower; reflecting the same direction the buying customers are saying their latest improvement drug’s price should be going. For years the leader in diabetes drug production has used the successful business model that new and better could be sold at a premium with the end users always being willing to pay an inflated price for this novel combination.  To leadership’s amazement, this model seems to have failed miserably on their latest endeavor.

Bad Good Better Best Meter

In the clinical trials, it was determined that the new drug showed slight yet consistent improvement in the treatment of the majority of patients; however the price of the drug is not being accepted by the patients/insurance carrier or their doctors.  Instead, the end users are finding that with a little more monitoring, the patient’s existing drug treatments can achieve the same results and at a substantially reduced cost. Continue reading “The Unacceptable Price of Better”

Clamping down on Leadership

History is so important to the human race because it provides us with the experience component of wisdom.  It is wisdom that solves our troubles and without history we have no chance of overcoming our future dilemmas before they cause harm. It is through the lessons of history that we come to understand; how the eternal laws can solve these quandaries, create tools that leverage the power of the laws and master the application of the laws through the tools that we create so as to benefit all mankind.

For instance, the first clamps are said to have been developed by the Egyptian around 600 BC.  They were made by wedging two boards between large rocks.  The wedging force tightly pressed the two boards together so the glue could set, binding the boards as one.  This created stronger boards and for ship building, made a leak proof seal between boards.

Much has changed since 600 BC but the uses of modern clamps still solve the exact same problems they were originally intended to solve using the same laws of nature.  The Egyptians understood the Law of the Lever; force leveraged by a fulcrum will increase power, creating extra strength.

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So That’s Your Baby!

Boudreaux and his wife, Mabel was having dinner together.

“Boudreaux, I have some news about Thibodeaux’s new baby.  It was born today and it is a healthy little boy.”

“May, dat sure is some good news!  After dinner we are goin to go over dare to introduce ourselves to their new baby. The Thibodeaux’s must be so proud.”

“Yeah, they are.  But before we go I want you to know that unfortunately, the baby was born with no ears so I don’t want you to say something stupid when you see the baby for the first time.  You know how you are…sometimes you can say things without thinking first.  I don’t want you to say anything about that poor baby’s ears.  Do you understand?!”

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Goldilocks; Innocent Child, Juvenile Delinquent or Ethically Challenged Individual?

Which child living among us, regardless of their age, has not read the story “Goldilocks and the Three Bears”?  This story was first recorded in narrative form by British writer and poet Robert Southey, and was first published anonymously as “The Story of the Three Bears” in 1837.  It was a time when society still valued right over wrong.  Parents looked for every opportunity to teach their children that poor moral character always came at a price.

Are these still important values in 2017?

Continue reading “Goldilocks; Innocent Child, Juvenile Delinquent or Ethically Challenged Individual?”

Positive Change Always Requires a Price Paid in Advance

After many years of research and countless interviews on the topic of wise decision making, this picture sums up my findings nicely.

In the study of the lives of people who openly admit that they had tremendous struggles in their life and through deep personal reflection, we can usually pinpoint the single initial choice that started much of the discord.  The pivotal questions that I routinely ask are,

“What other choices did you consider at that moment in time?”

“Did you consider at the time, that one of the other choices would have been the right or even a better choice?”

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United States, Healthcare Repair, Part II

The first part of this article was written September 30, 2014.  Sadly, very little has changed in the nearly three years that have past and if you compare the two articles you will see that I intentionally left much of the original article alone because so little has changed.

Today, Obamacare is dead but its death has not been pronounced.  Some would say it is a good law and that we have to give it more time.  Others say its failure is due to the insurance companies not wanting to participate in the Exchanges.  Still others would say it was just an overall bad law; too complicated, too obtrusive, and too socialistic for the American Republic.  And of course, each political party is quick to blame the other for the laws failures.  Regardless of which school of thought you personally fall into, it is clear that our national healthcare system is still in the need of repair.

Continue reading “United States, Healthcare Repair, Part II”

Experience on the Balance Sheet

“Life can only be understood backwards; but it must be lived forwards.”

Soren Kierkegaard

Look at any company’s website, mission statement or recruiting material; one of the first messages you will receive is that they value their people. This is a great sentiment for them to portray because we all desire to be valued…but do they?  If they truly do, it will be evident by the experience level of their workforce.  Current statistics paint a different picture however.  Tenure is down and long term employees are starting to build tenure later in life so maybe, just maybe, our business leaders don’t really get it; despite what they are trying to make us believe.

What’s the big deal?      

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Do No Harm!

What a novel idea and a worthy ideal to live by.  Upon hearing these words, one probably immediate thinks of our health care professionals but shouldn’t these words apply to each and every one of us, regardless of our profession?

Though written over two thousand years ago, The Hippocratic Oath was born as a vow from a dedicated professional to those whom he served.  It is a timeless creation because it speaks to the heart of an ethical truth.  It is a fact that when you have the knowledge, skills and abilities to be of help to someone, by proxy you also possess the means to commit unspeakable harm.

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We Are “United” By the Decisions That We Make

Unless you live as a hermit, you have heard about what is viewed as the less than wise decisions, which were made by a gate manager and the cockpit crew of an United Airlines flight and possibly the airport police personnel called to a scene which resulted in a fare paying passenger being physically ejected from one of their airplanes due to an oversold situation.

This kind of event strictly exemplifies the importance of placing an equal value on making ethical decisions as well as legal ones.  United and every other airline are legally able to overbook their flights, select passengers who will forfeit their seat when none volunteer, and are contractually within their rights to have passengers evicted from their aircraft by force under certain situation when deemed necessary.  Everything that happened that day seems to have been legal but almost everyone agrees that it was not right.

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The Power of the Wisdom of Three as it Relates to Christian Holy Week

It is a well known fact that the Jewish Torah and the Christian Bible are both filled with obvious and some not so obvious references to the power behind the number three.  As we prepare for the holiest week in the Christian calendar, I thought it would be interesting to share some of these examples found during the historic week leading up to the Passion, Death, and Resurrection of our Christian Lord.

Feel free to share comments of your favorites, as well as any that I might have overlooked.

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