Advice You - Business

Properly delegating responsibility and work does a lot more than make your life as a leader or manager easier. It builds teamwork, increases efficiency, develops careers, raises morale and boosts productivity. But it is not always easy to

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

do. However, the skills necessary to become better at delegating can be learned.

Think about the following philosophy from Mort Meyerson, former CEO, Perot Systems from the article titled "Everything I Thought I Knew About Leadership Is W

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

Examples of combination products may in

rong," Fast Company, April 1996:

"The … job of the leader is to pick the right people to be part of the organization and to create an environment where those people can succeed. That means encouraging others to he

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

p develop the strategy and grow the philosophy of the company. It means more collaboration and teamwork among people at every level of the company. I am now a coach, not an executive. When people ask me for a decision, I pick up a mirror,

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

hold it up for them to look into, and tell them: Look to yourselves and look to the team, don't look to me." Far too many CEOs are reluctant to let go of day-to-day control of their businesses. Letting g

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

Combination pro

can be very hard. The same character traits that led the CEO to found the organization or build it into its present-day success can work against the need to relinquish authority to other qualified individuals. What's the answer? Many lead

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

ing business experts say the best way to become comfortable with delegating responsibility is surrounding yourself with the best people you can find - people whose abilities you value and respect. With a strong management team in place, it

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

s foolish, even self-destructive, not to take full advantage of their skills and abilities. Make sure you employ people whose beliefs are aligned with yours. After that, the guiding principle is simple: hire the best and fire the rest. Whe

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

n people understand that great things are expected of them, they usually rise to the occasion. High expectations challenge people to live up to the best they can do - and they work hard to meet those expectations. Sometimes employees need

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

o be coached into accepting responsibility. One way is cultivating their ownership of the organization - its goals, ideas, etc. Have them serve on a results-oriented team and participate in making key decisions. Give them a vision and sens

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

e of purpose that truly excites them.

Another technique is allowing others to fail in small ways, while they build the expertise needed for big victories. Don't expect perfection; instead, expect the individual to strive for perf

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

Following aspects would a

ection. Some element of risk-taking is involved whenever a leader delegates responsibility. Strong leaders applaud employees who fail constructively, understanding that this is a necessary step toward success. They also cheer on employees

dd to the challenges in developing combination products:

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

s they grow more capable of accepting responsibility.

Proper delegation creates a team spirit and helps you accomplish much more than if you try to work alone. Try the following tips adapted from “Time Tactics of Very Successful Peopl

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

e,” by B. Eugene Greissman.

Pick people who can accept responsibility. Surround yourself with the best.
Try to match the person to the task. Try to delegate assignments that will capitalize on the person’s talents.
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
>
Remember that the person performing the task may not do it as well as you do it. Don’t be tempted to take over the project. Weigh the time you might lose at first against the time you’ll save in the long run.
Build the person’

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

s confidence by first assigning low-risk projects.

Let those who are delegated work put their own spin on the assignment. Their way may be better. Be sure to listen to their ideas.

When communicating a task, use words that

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

Professional from academic institutions, pharmaceutical industries, health care indust

re easily understood. A good idea: Dictate the instructions on a cassette or write them out so the person can recheck the message.

Keep tabs on what you delegate. As the deadline nears, check to make sure that everything is on targ

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

et.

Give a due date for the assignment and explain how this assignment relates to other priorities.

Effective leaders understand intuitively that there is more than one way to complete a project. After delegating responsib

.

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

lity, they avoid questioning, analyzing and second-guessing each decision made or action taken by the person they've put in charge.

Most employees want more responsibility. Remember, new assignments should help staffers gain needed experi

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

Companies that provide selfless information through particip

ence and add to their inventory of skills, not just result in more work. Take the time today and commit to becoming better at delegating responsibility and work. It’s a great way to develop your staff and free up some time in your schedule

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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Business to Business relationships come to expect a certain level of professionalism, from the first telephone call to the final delivery.

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