Advice You - Business

It should be clear by now that if you think you are as good as you need to be, you need to think again. Let’s start with three quick questions:

1. Are yo

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

u spending time consistently improving your management and people skills?

2. What have you invested so far this year in your own personal and career deve

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

Examples of combination products may in

lopment?

3. What is your working philosophy of routinely investing time and resources in your personal and career development?

I am often amazed at how

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

any managers are quick to send their employees to seminars and skill-development programs while they sit in their offices trying to figure out why sales a

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

re down, performance is marginal, profits are lagging, and organizational effectiveness is chaotic to some degree. If you have never attended my two-day m

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

Combination pro

nagement boot camp, let me share one of the critical premises from this program: Everything in your organization is a “top-down” issue.

1. If top-down co

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

mmunication is ineffective, bottom-up communication will be poor.
2. If top-down direction is unclear or confusing, bottom-up performance will be def

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

cient.
3. If top-down trust is absent, bottom-up trust will be negligible.
4. If top-down ownership of projects or initiatives is inconsistent,

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

bottom up actions will be timid.
5. If top-down leadership is lacking, bottom-up effectiveness will be missing.
6. If top-down messages are mixe

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

, bottom-up morale will be inconsistent.
7. If top-down decision making is tentative, bottom-up performance will be faltering.

Is this enough incent

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

ive to keep improving yourself? As I’ve said before: If you have a problem in your organization, look up the ladder for the cause and down the ladder for

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

Following aspects would a

the solution. Unfortunately, many organizations today act in the reverse. They look down for the cause and up for the solution.

The solution is to develo

dd to the challenges in developing combination products:

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

a game plan for your own on-going self development. There are many options at your disposal:

1. Hire a career or business coach.
2. Attend manageme

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

nt classes on a routine basis.
3. Attend at least one personal development seminar or program per month.
4. Join a business Book of the Month Cl

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

b.
5. Listen to audio programs on business areas that interest you and are of benefit to you.
6. Get a business mentor.
7. Attend a managem

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

ent forum.
8. Bring a professional trainer into your organization to conduct a custom management/leadership program.
9. Get active in your ind

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

Professional from academic institutions, pharmaceutical industries, health care indust

stry’s association.
10. Attend networking events in your industry or at your professional level.
11. Join a professional organization such as th

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

e CEO Clubs, Young Presidents’ Organization, or Executive

Committee.

If you are investing in your employees’ development so they can be better equipped

.

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

o more effectively perform their job functions as the world changes, don’t you think it would make sense for you to do the same for yourself? Why not try

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

Companies that provide selfless information through particip

a simple rule of thumb. For every dollar and hour you invest in your employees’ development as a group, invest ten percent of both in your own development

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/38342/adviceyou-If-You-Want-Your-Employees-To-Improve-You-Need-To-Keep-Improving.html">If You Want Your Employees To Improve, You Need To Keep Improving</a>

BB link (for phorums):
[url=http://www.adviceyou.org.ua/article/38342/adviceyou-If-You-Want-Your-Employees-To-Improve-You-Need-To-Keep-Improving.html]If You Want Your Employees To Improve, You Need To Keep Improving[/url]

How to repair bad gaps in your resume caused by job hopping, layoffs, and terminations. The honest way to spin your resume and get the job.

Am I the most effective leader I can be? Is my organization well led? These are questions that every leader should be asking himself. The truly honest answers may not always be pleasant. For smaller to medium sized organizations/departments that are part of a larger enterprise, my three key indicators of effective leadership will enable a leader to determine if he is being effective.

Many consultants and business owners of today’s Small Business IT companies understand the importance of growing quality relationships with their client base however it is equally important to create strong relationships with your vendors and other partners. A successful, positive relationship with vendors and partners is just as critical as obtaining quality clients to today’s Small Business computer consulting firm.

Tags

Links

Advice You - If You Want Your Employees To Improve, You Need To Keep Improving

Related Articles: