Advice You - Business

When you come across two of your employees chatting about personal matters, do they look sheepish and quickly scatter, certain that you’d disapprove of how they’re wasting company ti

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

me? Do you, in fact, become irritated and try and dream up ways to squeeze higher productivity out of your team? Well guess what? That attitude may be diminishing productivi

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

Examples of combination products may in

y, adding to employee stress, creating an unpleasant office culture and contributing to health problems for your staff. Heresy? Stay with me long enough to consider a new viewpoint.

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

According to extensive research by The Gallup Organization, a mere 29% of employees are actively engaged in their jobs. A whopping 71% are either just warming your chairs or are act

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

vely seeking a better place to work. That’s a human resource crisis that will cripple your business if you don’t take proactive measures to reverse the trend. One of the easiest, cos

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

Combination pro

-free ideas is to rethink your position about what constitutes wasting time.

In Vital Friends, a recent book from Gallup Press, author Tom Rath states that workers who have

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

best friends at work are seven times more likely to be engaged in their jobs. If they have at least three close friends at work, they’ll be 96% more likely to be satisfied

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

ith their lives. When you think about it, it makes sense that the place where we spend the majority of our waking hours would also be the source for some of our closest friends. And

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

othing bonds a group of co-workers faster than feeling disgruntled about management. So what’s an overworked, stressed out boss to do—just sit by and watch while his staff yuks it up

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

in the break room? No. Join in.

That’s right. Studies also show that workers want meaningful, communicative relationships with management, too. By stopping to join in a conversati

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

n—or initiating one—you demonstrate that social relationships are encouraged in your office, not penalized. But that’s just the beginning. To really let your staff know you’re pro-fr

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

Following aspects would a

endship, here are some things you can do:

· Make sure there is a space for employees to gather in.

· Ask your team what they need and want in the space—kitchen, exercis

dd to the challenges in developing combination products:

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

e equipment, conference table, couches, perhaps a dartboard?

· Allow time before meetings for some sharing about positive personal news.

· Facilitate friends working on

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

projects together—they will be happier and more productive.

· Encourage employees to personalize their workspaces and incorporate things from their personal lives. Seeing a co

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

worker’s poodle pix can lead to after-work dog walks and more bonding. Moms hand out tips to one another. Skiers find each other.

· Start some fun traditions. Maybe after comp

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

leting a big project, you throw a catered lunch for everyone. Or perhaps you pass out bags of fresh popcorn on Friday afternoons. How about lunchtime Jeopardy with the answers/questi

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

Professional from academic institutions, pharmaceutical industries, health care indust

ns based on facts about your company and industry?

· Plan regular group outings—think way beyond your Dad’s company picnic. Go rafting or rock climbing or anything that promot

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

s teamwork and camaraderie. Take on a community service assignment together. Have at least one event each year where families are welcomed.

Remember—a worker who does NOT have a bes

.

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

t friend at work has only a one in twelve chance of being engaged in your business. How do you like those odds? Unless you’re a reckless gambler, you see the value of fostering solid

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

Companies that provide selfless information through particip

friendships in your workplace. For more ways to nurture intra-office pals, download my list of How To Have More Fun At Work, an excerpt from my book, Finding Joy In Your Job.

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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Advice You - Are Your Employees Goofing Off Or Building Better A Better Team? How Friendly Is Your Office?

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