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  • Advice You - Time Management Is About Managing Self

    "You will never find time for anything. If you want time, you must make it."

    -Charles Bixton

    Time management is not much about managing time but managing oneself. The usual compliant we hear from every one is “No time”. Time is fixed for every one; 24 hrs a day, 52
    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
    weeks an year. It is up to the individual how effectively and efficiently he or she manages and uses the time. Plan your time well, and then you will have ample time to do your activities.

    Characteristics of Time

    ♣ It is a valuable and scarce resource
    &
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    9827; It cannot be accumulated like money
    ♣ Once lost is lost for ever
    ♣ It cannot be stretched

    There are 3 P’s of time management which needs to be taken care of:

    1. Planning – must


    Planning is deciding in advance what to do, when to do
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    nd how to do for any activity. For e.g. Consider that you need to submit a sales report to your superior or to your management team. First you need to plan out the outline / content of the report, decide when to do and plan how to go about of doing it.

    2. Prioritizin
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    – vital
    The next step is prioritizing the activities. Categorize your activities in to Important and Urgent, Important but not Urgent, Urgent but not Important, Not Urgent and Not Important and act accordingly.

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

    Combination pro
    is most common among the individuals. There are certain activities which can wait and certain activities which need to be taken care of today itself.

    Most of us will delay Important but Not Urgent activities till it becomes Important and Urgent and end up with lack of time
    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
    For Eg. Assume the same example of preparing a Sales Report, given a time of ten days. Now it is an Important but Not Urgent activity. You will postpone it till the deadline and will start working on it a day before the deadline and it becomes an Important and Urgent activi
    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. Then you will not be able to put in quality time to that activity and end up with somehow managing to get the report ready. And at last end up with not meeting your superior’s expectations from you.

    Don’t postpone your activities to tomorrow. Tomorrow never comes. Do it
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    ight now.

    Time Wasters

    One must know the time wasters and the way to tackle those activities. Many of us hesitate to take certain actions when it is required because of lack of assertiveness. Let us look in to few time wasters which need to be taken care of to manag
    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
    our time well.

    Inability to say “No”
    One should learn to say “NO”. If your superior or peer is dumping work on you, if you have other activities to concentrate on which is Important and Urgent, you should learn to say “No” in a pleasing manner and in t
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    e nice language which does not hurt them. Or else you will be dumped with work and you will be wasting more time on the Not Important, Not Urgent activities and less time will be left to concentrate on your activities which are of utmost importance.

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

    Following aspects would a
    delayed decision


    According to the intensity of importance of activities, one should know when to take quick decisions and when to delay decisions. One should think about the consequences of delaying decisions on others in the workplace and act accordingly.

    ϖ
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    ; Lack of planning / organizing


    Proper planning / organizing steps for an activity will help an individual to manage time efficiently.

    Interruptions like telephone, drop in visitors


    If you have Important and Urgent activity to be concentrate
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    on, ask your secretary not to transfer calls unless the call is of utmost importance. Otherwise, you will be spending unnecessarily a major part of the time in unwanted conversation.

    Certain activities like drop in visitors cannot be ignored and needs to be taken ca
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    e of because networking will be helpful for successful professional life.

    Inability to delegate work


    Learn to delegate work. If your sub-ordinate can do an activity, delegate the job to him or her and do the activities where your presence is required in
    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
    tead of doing all by yourself. Trust your sub-ordinate and get his or her confidence of completing the job.

    Usually there is a perception that “only I can do the work”. They will not be satisfied with others work and identify faults in each and every activity. They end
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    up with doing everything by oneself and also will end up with lack of time.

    Unproductive meetings


    There is a saying “Meetings are place where hours are wasted and minutes are noted”. In most of the meetings wide range of topics outside the agenda are
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    discussed and will end up with lots of confusion and arguments. The next meeting will be started afresh. One can make meetings productive by following precautionary measures such as asking the participants to come prepared for the meeting, restricting to the discussion
    .

    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
    within the agenda, etc…

    Lack of self discipline


    There are certain variables which are controllable and uncontrollable. Those time wasters which can be controlled must be controlled to manage time effectively.

    Conclusion:

    Time is money. Managi
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    g time is not so difficult, if one plans, prioritize and act accordingly. There are six ideas to time management: Define goals, Set priorities, Think what is the best use of my time right now, Learn to say No, handle email, papers only once and Don’t delay, do it right now


    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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