Advice You - Business

This article relates to the Career Opportunities competency and explores issues such as internal growth opportunities, potential for advancement, career development importance, and the

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

relationship between job performance and career advancement. Evaluating the Career Opportunities competency in your organization will determine whether your employees believe they have

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

a chance to grow within the organization. Studies show that lack of career opportunity is one of the top reasons why employees leave an organization. Also, continually hiring open posit

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

ions from outside the organization can be detrimental to morale when a qualified candidate is available internally. Topics covered in this competency are: perceived opportunity for adva

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

ncement, existence of a career development plan, and organizational commitment to staff development.

This article, Career Opportunity and Employee Retention, is part of AlphaMeasure's

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

compilation, Tales From the Corporate Frontlines. It tells how one company changed procedures to offer new kinds of career opportunities to its workers and improve overall employee rete

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

ntion.

Anonymous Submission

Career Opportunity and Employee Retention

Over the past decade, the company where I work has been through plenty of changes with regard to the way

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

it hires, promotes, and utilitizes its greatest asset---its workers.

"Human capital" is the phrase often used in corporate literature. I'm not sure that I like the sound of it, but I m

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

ust admit, it's an accurate description.

As a human resources manager, I was asked to review the results of our recent employee satisfaction survey and choose one category of interest

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

and prepare a report outlining possible solutions. I chose employee retention, because the survey indicated that many employees were leaving or looking for new positions elsewhere becau

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

e they felt a lack of career opportunity in their current positions.

Upper management had recently issued a directive---No new promotions into management for the foreseeable future. We

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

were already overstaffed and the budgets would not permit any more spending in this area.

So, I set out to find some ways to make changes that would allow employees to learn, grow, an

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

d feel fulfilled without becoming a member of management. Together with a few HR coworkers, I conducted a focus group. The findings may be valuable to companies in similar circumstances

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

.

* Employees don't expect a lifetime commitment from your company. But they do appreciate the chance to learn new skills on the job that will make them more marketable in the future.

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

Practices like cross training and adding increased responsibility give employees the opportunity to show what they can do, and if they are eventually chosen for management, they will b

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

e better qualified. * Employees want to learn more about the business they work for, as a whole. Once they learn the big picture, they feel empowered to make valuable contributions in

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

terms of how they can perform more creatively and efficiently.

Eventually, we developed a series of policy changes that brought our company current with the changing structure of busin

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

ess today. To create more opportunity for our employees, we offered cross training and lateral job move options, as well as information groups and training sessions to let employees in

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

on company wide business practices, procedural changes, and new opportunities as they became available. As a result, morale, retention, and productivity have improved greatly.

© 2005 <

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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Unless companies adopt an holistic approach to security that focuses on building and fostering a culture of honesty and integrity, GAP's will appear in their defenses and in their ability to perform their mission; selling their products and services. Once GAP's are exposed, they can be exploited for the personal gain of the individual(s) exposing them.

Every business can benefit from the cost effective advertising offered by a webpage. There is a webpage for every budget, and this article explains the benefits - cost vs profit.

One of the things that make us all so unique and special is that we all have different personalities. Even those of us who have similar personality traits are slightly different to each other. But have you ever wondered how your personality is affecting your career? If not you should because the way that you approach tasks, the way that you interact with others and your general attitude can have a huge impact on your career. Your personality can impact the types of career choices that you make as well as how you fare in gaining career advancement opportunities. To find out how your personality is affecting your career complete the following quiz:

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