It seemed like a slam dunk, and I was convinced it would be an easy win. After all, it was an under-served market, a simple product that required no training to switch to, and I knew we could make it for half the cost as the market leader, who had no competition. Slam dunk by far, right?
Wrong. 2 years later, our Galaxy retractor is not even in 20 hospitals in the UK market. I don’t get it. How can this not be the EASIEST SELL IN THE WORLD?! (You can tell I am frustrated by this!)
If my job was to save NHS money and still maintaining similar quality, I would want to freakin’ MARRY Galaxy. No re-training needed, British company and almost -50% cost. If all of the current product was switched out, the NHS would save half a million pounds…..ANNUALLY. Without ANY work.
How messed up is it what this discussion must happen surgeon by surgeon, hospital by hospital? And how frustrating is it, that a British company could create 5 more jobs, save the NHS millions of pounds AND do better for the environment (yeah, 10% less plastic waste too) and STILL not be the number one provider?
My Top Endorsed Skills
So, as a reasonably good (well…) business leader and someone whose Top Endorsed Skill on LinkedIn is Product Launch and Marketing Strategy from my career in medical device, I am considering this to be my greatest failure. We are doing something wrong, and I just can’t seem to figure out how to fix it.
It is taking too long: 2 years and we are nowhere close to where we should be. 2 years, 500k annually. A million pounds in wasted tax money, and in addition, money that is leaving the UK to an American company.
I want to save money for the NHS, keep the funding in the UK and grow our business so we can employ more people in Buckinghamshire instead of Connecticut. But I can’t for the life of me make it work.
That must be my biggest failure: it seems so OBVIOUS and SIMPLE, and yet I can’t crack it.
Any idea what I am doing wrong??