Advice You - Business

Leaders are often metaphorically compared to eagles. Rightfully so; because like eagles leaders posses a keen since of vision and have a tremendous strength of character. Howev

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

er, the misnomer is when leaders assume they should be found alone like most eagles. The sighting of a noble leader may be rare; however a good leader should never be alone. Wh

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

Examples of combination products may in

n a leader acts as a lone ranger, taking all the responsibility upon himself; it is neither good for him or for the people. Both he and the people will eventually wear out.

The

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

power of team leadership in business is that there is more strength in numbers. TEAM when taken as an acronym means Together Everyone Achieves More. Team leadership manifests 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

e backbone of leadership – empowerment. Through training followers to become leaders, the leadership is replicated.

The replication of leadership in a group allows for more pro

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

Combination pro

uctivity in the same amount of time. For example when a leader is tasked with solving problems that his people are having, he may be able to meet with three people in an hour.

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

However, if he has trained three of his people to be additional problem solvers, together they can see twelve people in the same hour. That is a four hundred percent increase in

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

productivity.

The core discipline in leadership is problem solving. The leader is responsible for providing strategies that overcome the obstacles that seek to impede progress

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

oward the goal. When team leadership is employed the burden of the obstacle is dispersed and the power for productivity is increased.

There are 3 steps to producing powerful te

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

m leadership.

Step 1
Create a New Identity

The leader must begin by changing his priorities with the team. He must no longer allow himself to be burdened with lower level

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

problems; but must reserve himself to be available only for the most difficult problems. This is one the critical differences between progressive organizations and stagnate grou

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

Following aspects would a

ps. When the pattern is set that the leader will solve everything, the members of the group are stifled; and are crippled from developing their potential.

Step 2
Develop a

dd to the challenges in developing combination products:

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

Training Culture

The leader must teach all his people all the principles and strategies he employs in making decisions and solving problems (fearful leaders are always scared of

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

giving away trade secrets for fear of being replaced). It is important that he teaches his people to share with their peers their learning for reinforcement (this is critical to

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

develop a culture of training). Open sharing is necessary to promote team because it builds trust. It is secrecy that breeds contempt and conspiracy.

Step 3
Initiate New

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

eaders

The final step is for the leader to empower his most initiated people to the role of problem solver. The new leaders would be responsible for solving all other problems

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

Professional from academic institutions, pharmaceutical industries, health care indust

in order to reserve the most difficult problems for the primary leader. The replication process of team leadership makes it uniquely powerful because of its inherent succession

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

lan; thereby eliminating the break in continuity of leadership should the primary leader be absent or displaced.

Leadership is a powerful tool; it must be in order to get the te

.

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

m to overcome all its obstacles. Therefore, its power should not be horded by one person. Absolute power corrupts the best of intentions. However, the power of leadership disp

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

Companies that provide selfless information through particip

rsed throughout a team and harnessed by the unity of mission is the best medium for use of this power in business.

Visit our website at:
www.theleadershiptrainingcompany.co

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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Beth Silver writes on assessing your core strengths and learning to use your best attributes in a productive way.

You work extremely hard to attract customers for your business. Once you have them, managing your customer contacts can help you keep them from jumping to competitors.

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