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Performance management is a set of systematic processes that help businesses discover efficient use of their business units, financial, human and material resources.

Performance managem

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

ent’s focus is on creating methodical and predictable ways to improve business results, or performance, across organizations. It aids organizations in achieving their strategic goals.

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

Examples of combination products may in

Performance management processes constitute: (1) planning—deliberation of what to do and setting expectations; (2) monitoring—continually checking on performance; (3) developing—improvin

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

g the capacity to perform; (4) rating—periodically scaling performance in a summary fashion; and (5) rewarding—compensating good performance.

The first process, planning, means structur

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

ng mindset on how performance should be channeled to achieve objectives considering the goals of the organization. By involving the employees in this process, there would be an increase

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

Combination pro

d comprehension on the goals of the organization, what needs to be done, why it needs to be done, and how well it should be done.

Employee performance plans should include establishment

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

of elements and standards to be used for regulatory performance appraisals. It should be versatile, making adjustments in program objectives and work requirements easy.

The second pro

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

cess in performance management is monitoring. It pertains to the consistent assessment of performance and providing ongoing remarks to employees and work groups while they are progressi

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

g in attaining organizational goals. Employees’ evaluation enables the supervisor to see if employees are meeting predetermined standards, to make revisions to problematic standards.

D

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

eveloping, the third process can be defined as increasing the capacity to perform. This can be staged through trainings, seminars, and assigning projects that would introduce new skills

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

or higher levels of responsibility, and improve work processes or methods. These developmental activities pave way to encourage good performance, strengthen job-related skills and comp

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

Following aspects would a

etencies, and help employees keep up with changes in the workplace, such as the introduction of new technology.

From time to time, organizations find it useful to summarize employee per

dd to the challenges in developing combination products:

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

ormance. This requires the fourth process of performance management, rating. This enables comparison among a set of employees or individual conduct or productivity over a period of app

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

raisal. The rating of record has a bearing on various other personnel actions, such as granting within-grade pay increases, and promoting or determining additional retention service cre

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

dit in a reduction in force.

In a productive organization, rewards are used frequently and profitably. Rewarding, the fifth process of performance management comprises this. It means

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

acknowledging employees’ contributions to the agency’s mission as an individual or a team player through granting of awards, merits, benefits or bonuses. A basic principle of effective

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

Professional from academic institutions, pharmaceutical industries, health care indust

anagement is that all conduct is influenced by its consequences. This applies, whether the deed is positive or negative.

All five components or processes triumphantly result to a natur

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

al and effective performance management. Each key process should be executed in such a way that there exists coordination and support from these processes, to the supervisors, and to t

.

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

he subordinates. Practicing this should include setting goals; planning work routinely; measuring progress toward those goals and giving and accepting feedbacks to and from employees.

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

Companies that provide selfless information through particip

High standards should be set but taking care to develop the skills required to reach goals and acknowledging productive deeds should never be disregarded.

Copyright 2007 Ismael D. Tabij

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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Santa is the great marketing strategy that has lasted decades, through wars, many different economic conditions, including international distribution. Thus, he is a wise one to learn from. Marketing Master, Catherine Franz, talks about how Santa's marketing has been evergreen.

Business Process Outsourcing (abbreviated as BPO) is a process of hiring additional stuff, who take care of some or all non-core but still important tasks. The main goal of Business Process Outsourcing is to give a company a chance to allocate more time, funds and work force into the most important and strategic activities, ensuring company success and development. This can be achieved by means of cutting down costs while outsourcing to other countries, than USA. This in turn helps to improve the productivity, because Business Process Outsourcing firms end to be rather flexible, quick, inexpensive and highly productive.

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