Advice You - Business

When it comes to modern career development, one thing we can all count on is change. With the advent of technology, telecommuting, and E-commerce, how work is performed is in a state of reinvention. Self-employment an

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

d small business development will become more the norm than big business. And career changes will be more frequent due to rapidly changing organizations and industries. Finally, the line between one’s personal and pro

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

Examples of combination products may in

essional life will become even more blurred. Since the modern world of work is rapidly changing to keep up with the demands of our fast-paced lives and lifestyles, here are some characteristics of what the new work co

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

tract will look like:

Seeking more meaning from work.
Equating “career success” with personal satisfaction over paycheck or status.
Everyone will need their own “name-brand.”
Increased use of t

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

chnology.

Finding work that needs doing.

Changing in the way management and leadership is conducted (less arrogance at the top level, more power on lower levels).

Increased need for networking and self-ma

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

Combination pro

rketing.

Lifelong “trying on” of various roles, jobs, and industries.

Creating a plan that is flexible, and continually assessing the “fit” of the work.

Increased representation of women and minorities in

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

the workforce.

Changing career fields numerous times in a lifetime.

Self-responsibility: Everyone knowing they have to chart their own career direction.

However, the 21st century career also offers ma

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

y advantages:

More career opportunities for everyone.
Freedom to choose from a variety of jobs, tasks, and assignments.
More flexibility in how and where work is performed, i.e. working from home or

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

telecommuting.

More control over your own time.

Greater opportunity to express yourself through your work.

Ability to shape and reshape your life’s work in accordance with your values and interests.

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

Increased opportunity to develop other skills by working in various industries and environments.

Self-empowerment mindset.

Allows you to create situations or positions where you can fill a need in the world th

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

t is not being filled.

Opportunity to present yourself as an independent contractor or vendor with services to offer.

How can you successfully navigate through the turbulent times of change and career uncer

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

Following aspects would a

ainty? By developing resiliency, exercising proactivity, creating excellent self-marketing tools, keeping your skills up-to-date, and finding your unique life balance.

1. Develop resiliency (the ability to bounce back

dd to the challenges in developing combination products:

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

.

Having the right attitude about career change is imperative to your ability to bounce back from setbacks, sudden changes, and twists and turns along your career path. You will experience a lot of career change and t

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

ransitions, so you may as well get comfortable feeling uncomfortable.

2. Take a proactive approach to your career development

You must constantly be on the lookout for new ways to apply your gifts and talents in the n

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

w economy. This requires thinking creatively, actively promoting yourself/business, and being actively involved in how your career progresses. Staying involved in professional associations, and continuous networking a

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 excellent ways to connect with other like-minded professionals.

3. Create first-rate marketing materials

Always keep your resume current. You never know when you are going to want to share it with someone or pass i

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

Professional from academic institutions, pharmaceutical industries, health care indust

along. If you are in business for yourself, develop classy business cards and letterhead. Harness the power of the internet by developing an interactive website.

4. Commit to lifelong learning

To keep earning, keep

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

learning. Do not wait until you lose your job or want to look for another position to gain new skills or training. Recognize the need to be open to learning and attend classes related to your area of expertise to ke

.

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

p your skills sharp and marketable. Keep in mind the top skills needed for career success include:Communication, Computer-knowledge, Creativity, Customer Care

5. Find your unique life balance

There are four dimension

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

Companies that provide selfless information through particip

to life: love, labor, leisure, learning. Remember that work is just one aspect of your life pie. Be sure to indulge in all of your areas. Because having an overall balanced life is what leads to the most fulfillment

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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In these days of massive corporate downsizing, what can you do to protect yourself? Thinking outside of the resume' box.

Are you out of a job? Are you bored, underpaid or generally dissatisfied with your present job? Only you can make the difference and change what ever it is that you are doing now.

If you are serious about becoming a translator, you must be able to fulfil the following criteria, at the very least.

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