Advice You - Business

Management has long been aware of loss in productivity due to absenteeism. When workers are absent from work, performance of their tasks is either

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

delayed or temporarily transferred to someone else who, in turn, delays or transfers their regularly scheduled tasks to pick up the slack.

As if

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

Examples of combination products may in

absenteeism wasn't enough of a productivity issue, along come the folks from the American Productivity Audit who provide us with some eye opening

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

research in introducing the concept of Presenteeism.

Presenteeism refers to the loss in productivity for those workers who are present. As shown

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

n the graphic, the study divided workers into four categories and determined the percentage of workers that fit into each.

Is this why so many co

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

Combination pro

mpanies are seeking to limit the Internet browsing activities of their workers? 73% are not motivated to do the work that they were hired to do!

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

s if personal phone calls weren't enough of an issue, now these 73% can look productive while slacking off. At least when they're absent, we know

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

what's not getting done. We can police Internet activity and personal phone calls. But are we just treating the symptoms: while ignoring the disea

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

e? And, how often do we attempt to solve an intrinsic problem (attitudes, motivation, commitment) with a systemic solution (rules and procedures)

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

? With what success?

To validate the previous study, we have research from The Gallup Organization showing the typical level of engagement in tod

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

y's workplace.

The Gallup Study creates a category called Situationally Engaged. They define these people as putting in the time and doing minima

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

Following aspects would a

ly enough to get by.

While your programs for combating absenteeism may be working successfully, is there a larger, less visible issue that remain

dd to the challenges in developing combination products:

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

s un-addressed in most organizations? According to the Gallup Employee Engagement Study, 81% of workers are either actively disengaged or only eng

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

ged when the spirit moves them.

What is your productivity loss from presenteeism? If only 26% of your workforce is actively engaged and 19% is

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

competent and motivated, are there some opportunities for significant improvement? How much better or worse than the national average is your wor

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

force? According to the business book, Play To Your Strengths, human capital is the biggest investment about which management knows the least. Th

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

Professional from academic institutions, pharmaceutical industries, health care indust

e data on lack of motivation and engagement are further evidence.

If you have been attempting to systemically treat the symptoms with limited res

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

lts, might it be time to address an intrinsic disease with intrinsic solutions? The undiscovered issue with absenteeism is the absence of workplac

.

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

e motivation and engagement. Now we have a name for it: Presenteeism. Health care professionals will tell you that mindset and determination for r

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

Companies that provide selfless information through particip

covery can be as critical as medication and treatment for overcoming a critical illness. What is your management mindset for getting healthy again

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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What do you do when you're looking for a potential mate? Go to the gym, go out on dates, go places you like. Think about the time and energy you devote to dating, which if successful, will comprise maybe 20% of your waking hours. Now think about your career. You probably spend about 50% of your waking hours at your desk, commuting, or traveling for work. When we're dating, we're very specific and choosy about whom we'll spend 20% of our time with. Yet often times, we settle for the first job that comes along that meets very little of our criteria, often money. Where's the passion in this picture? I say, it's time to have a love affair with your next job!

One of the single most important pieces of information you need when buying a business -- any business, big, medium or small -- is the truth about why the owner(s) is selling the business. What's the real reason.

One of the hardest things I had discovered running my company was drafting an Employee Manual. Also added to the stress was the fact that if you made a mistake someone could sue you and you might lose all your hard work and money that you had earned thru blood, sweat and tears as an entrepreneur.

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Advice You - Presenteeism - An Under-the-Radar Challenge to Your Productivity

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