White Papers and Articles

Medtech Snapshot: Medical Device Startup Management Success Requirements

8/8/2023

What does it really take?

Today's episode of Medtech Snapshot features our managing director Travis N. Smith as he covers the outcome of an online survey we hosted to learn what people thought 'is the most important characteristic a medical device start-up management team needs in order to successfully take a product to market'. So, the question remains - what does it really take for a management team to bring their product to market? Listen in and find out!

If you're enjoying our Medtech Snapshot 3-minute digests be sure to check out our other episodes at https://www.sqr1services.com/white-papers/category/snapshot

0 Comments

Medtech Snapshot: Top Grading Medical Device Management

5/10/2023

In this episode we cover Medical Device Management Top Grading tips with Peter Nalbach, VP & GM, in Orange County, CA. Listen in as Pete outlines his 3-step process to align and bring in the right people to help move the company forward while simultaneously overcoming product challenges throughout the lifecycle process.

#management #medtech #medicaldevice #people #topgrading #leadership #snapshot

0 Comments

Investing to Get Ahead at Work

11/18/2022

Square-1's managing director Travis Smith is co-host of The Business Wingmen Show, a podcast covering business behaviors, strategies, leadership and much more. This week's episode...

EPISODE 89: Investing to Get Ahead at Work
Making advancements in your career or your business means investing in yourself and the people with potential. But, how do you know it will pay off? Listen in as your Business Wingmen podcast co-hosts, Steve Smith & Travis Smith dissect why investing to get ahead at work makes sense, and just as important doing so proactively can change the game!

Listen in to episode 89 here:
https://www.spreaker.com/user/businesswingmen/089-investing-to-get-ahead-at-work?utm_campaign=episode-title&utm_medium=app&utm_source=widget

0 Comments

Poll Results: Why Medical Device Start-Ups Fail

6/13/2022

Our LinkedIn poll concluded with some interesting findings and a fair amount of debate. It's estimated 75% of medical device start-ups fail or never make it to the market. Understanding the primary factors which drive these outcomes makes or breaks the difference in a start-ups success.

As our respondents weighed in it was clear the primary factor which gets in the way of a start-up meeting up with success is in fact its own people. 48% of voters identified this as the primary reason for failure, many of which current have or have had in the past direct experience operating in a management role within start-ups.

The debate ragged on within the poll as some people felt like the product (ie technology) played a larger part in the failure of the company as it's ability to meet a core, and perhaps large, clinical need drove a variety of things including funding, market acceptance, etc.

In the end the old saying still rings true - the people we surround ourselves with makes all the difference.

0 Comments

Monday Quickie - Breakthrough Leadership Advice Compliments of Drucker

8/25/2019

Are you an effective leader?

If you answered ‘Yes’, how did you come to that conclusion? Did you base your answer off your company financial performance, goal achievement track record or your wonderful employee morale? What if Peter Drucker himself had an opportunity to review your leadership work, do you think he would come to the same conclusion?

If by chance you are new to the philosophies and teachings of Peter Drucker I highly suggest taking some time to familiarize yourself with his works. Short and sweet – Drucker is considered the godfather of business leadership and is responsible for much of what we know today on how effective leaders work and operate. His works redefined leadership through the 60s, 70s and 80s and we still refer to his teaching on the daily today.

What makes for an effective leader? Let’s ask Drucker himself. ‘The Effective Executive’, a leadership book for the times and originally published in 1967, provides eye opening insight on exceptional leadership in ways which broke the mold back then and continue to do so today. ‘The Effective Executive’ provides a straight forward, simplistic guide to “getting the right things done” for people in a leadership capacity. What I found amazing about this book is how relevant and simplistic Drucker’s advice is, even for today’s purposes 52 years later in a business world that is far different from when these thoughts were put to paper.

So, what is it then that makes for an effective leader?

All too often I find people enjoy making the topic of leadership how-to’s overly complicated. Maybe they do that to sell more books or to justify their new and insightful leadership methodology. For me, I’ve found the more simplistic something is the better chance I have in understanding it, implementing it and continuing to act on it as a new habit.

Drucker’s approach to leadership success and effectiveness is simplicity at its best. He identifies the following five core competencies successful leaders should have as a part of the fabric that guides them through their daily work:

Managing Time
Focus on outward contributions, gearing efforts towards results
Knowing where and how to mobilize strength for best effect
Setting the right priorities
Combining #1-4 with effective decision making

Humbly, I’d like to offer up a 6th leadership core competency to add to Drucker’s list:

Empathy. Modern day leadership requires emotional intelligence, or simpler put and ability to be empathetic and understanding of others, especially ones employees.

While this list may seem incredibly simple, I can tell you from personal experience it’s anything but that. Often times the most simplistic things in life can be the most difficult to master. Why? Because it takes discipline. Though these concepts may be easy to understand, the difficultly comes in the form of holding oneself accountable to doing it above all other things. That’s the tough part!

“Intelligence, imagination and knowledge are essential resources [for a leader], but only effectiveness converts them into results.” – Peter Drucker

Being disciplined to doing the right thing at the right time is certainly easier said than done. So much so that Drucker identifies that the number one reason for leadership failure is the inability or willingness to change with the demands of and expectations of the new job.

Key Take Away:
The leaders’ who are willing to change and adapt while being disciplined to doing the right things at the right time are the ones that will be the most effective.

Action Item:
Read Drucker’s book ‘The Effective Executive’. Regardless of your job title the insight you’ll gain from his timeless approaches to leadership is worth every minute you spend reading it.

0 Comments

<<Previous

White Papers & Articles

Medtech Snapshot: Medical Device Startup Management Success Requirements

Medtech Snapshot: Top Grading Medical Device Management

Investing to Get Ahead at Work

Poll Results: Why Medical Device Start-Ups Fail

Monday Quickie - Breakthrough Leadership Advice Compliments of Drucker

About the Author

Categories

Archives

White Papers & Articles

Site Navigation

Contact Us

White Papers & Articles

Medtech Snapshot: Medical Device Startup Management Success Requirements

Medtech Snapshot: Top Grading Medical Device Management

Investing to Get Ahead at Work

Poll Results: Why Medical Device Start-Ups Fail

Monday Quickie - Breakthrough Leadership Advice Compliments of Drucker

About the Author

Categories

Archives

White Papers &​ Articles

Site ​Navigation

Contact Us

White Papers & Articles

Site Navigation