Advice You - Business

Take some bold steps and help your employees and business partners open up to real change and help them start thinking again to the longer term. Send a message that you are ready to comm

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

it to new ways of thinking and that that includes a commitment to the success of your employees in the changing workplace.

1. Reconsider your company vision.

A vision statement uses th

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

Examples of combination products may in

e future to help analyze the present. It must have a message that everyone from the CEO to the receptionist to your freelance workers can understand and put into practice daily. Vision i

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

s the match that lights the fire of potential in people. To do its job, a vision must be long-term, meaningful in a human context and appeal to a higher purpose. Make several drafts of y

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

our vision and circulate them to people who’s opinion you value inside your company and out.

Ask yourself and others these questions:

Does our vision lead to action?

What will your cu

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

Combination pro

stomers be looking for from your company?

Can you live with this vision? Are you willing to act in accordance with it even if times get rough?

2. Devote more time to the management of

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

people power.

People issues only seem to capture our full attention during times of crisis. Give them the time they deserve by setting up regular monthly staff meetings to discuss HR is

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

sues only.

Try this exercise: Managers rate the effectiveness of each employee on a simple scale from one to ten. Employees you rate 4 or below are clearly not making it in your workpla

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

ce. Take action to move them within the company or help them move out of the company within the next 30 days. Employees you rate 8 or higher should have ongoing leadership development pl

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

ans - they are your superstars. Spend more time with these people than any others. Make sure they know how you think about them and put them in coaching programs to be sure they continue

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

to develop.

3. Start a 360 degree performance review process.

Have employees reviewed not only by their supervisor, but by their peer group as well. Make these reviews optional for the

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

Following aspects would a

first year, but mandatory for employees who want to be considered for promotions.

A Caveat: It takes at least 6 months of preparation to introduce a 360 degree review process effective

dd to the challenges in developing combination products:

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

ly. Show employees the evaluation materials you intend to use up front. Train employees how to accept negative feedback by giving them a system to take it in and process it before reacti

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

ng. Also train employees to give feedback that is work-related and objective with factual examples not feelings.

4. Have the employees review the company.

Ask employees to hold the com

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

pany up against its own standards. Do this survey annually and check the trend over time.

Ask yourself and others these questions:

Does the company walk the talk of its vision and valu

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

es? Are management employees role models for ethical behavior? Do you take short-cuts with safety? Do you encourage honesty in reporting or do you shoot the messenger?

5. Create action

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

Professional from academic institutions, pharmaceutical industries, health care indust

plans for each individual tied to your vision.

Make a direct connection between employee actions and the company vision.

Consider this process:

1. Develop a more specific mission stat

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

ement from your overall vision, by defining your focus to what markets you are serving and balancing your commitments to quality, value, and service.

2. Determine the factors key to you

.

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

r company’s success and focus on specific, but long-term, goals in these areas.

3. Create annual corporate objectives related to your goals.

4. Have each department manager develop dep

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

Companies that provide selfless information through particip

artment objectives derived from the corporate objectives.

5. Post the results of 1-4 and ask each employee to develop individual objectives related to his or her department’s objectives

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.adviceyou.org.ua/article/24616/adviceyou-Five-Steps-to-Increase-the-People-Power-in-Your-Business.html">Five Steps to Increase the People Power in Your Business</a>

BB link (for phorums):
[url=http://www.adviceyou.org.ua/article/24616/adviceyou-Five-Steps-to-Increase-the-People-Power-in-Your-Business.html]Five Steps to Increase the People Power in Your Business[/url]

The freight shipping industry in the UK could see some changes taking place over the next few years if the government has its way.

As you get into running your own home staging business there will be times when you are asked to stage homes that are vacant because either the owner has already moved or perhaps you will be staging houses that are model homes...

Nowadays, many opportunities are available to work from the convenience of your home, and medical transcription is one such career. Medical transcription, which is a new aspect of medical science, has unfolded numerous job prospects for those interested in the field of medicine.

Tags

Links

Advice You - Five Steps to Increase the People Power in Your Business

Related Articles: