Advice You - Business

College students and graduates are finding today that it is much more difficult to launch their career. In an increasingly competitive market place, many companies have dramatically reduced

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

their recruiting efforts and now include only a handful of annual campus trips. Even those students, who attend the “right” school for their preferred employer, find that they are unable to

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

Examples of combination products may in

eet recruiters due to the competitive and often dreaded interview lottery system. Those without on-campus interviews will usually get involved in a myriad of ineffective and inefficient tact

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

ics.

A survey conducted by the Census Bureau of 10 million job seekers found that the typical methods used in finding a job failed as much as 95%. Given that, job seekers should stop doing

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

hat has always been done and continuing to expect a different result. Be proactive. Instead of sending out hundreds, or even thousands, of resumes to prospective employers and reacting to th

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

Combination pro

eir response, follow a proactive methodology used by successful professionals for years to launch your career.

First, before you can communicate why a prospective employer should hire you i

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

an interview, you must first know the answer yourself. Speaking from direct experience, it is very frustrating to interview someone who is not able to articulate his or her skills, talents,

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

and capabilities. Johnny Sellers, formerly of Chevron says, “When I meet with students, if they are unable to convince me of exactly who they are and what their goals are, it is impossible

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

or me to help them.”

Second, make a list of all the companies in which you are interested. Determine whether the companies you select are a close match for your skills and talents. Use a st

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

ructured methodology to narrow your focus to a specific industry and only a handful of possible employers. Then, learn all you can about that industry and each company on your focused list.

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

our research should begin with recruiting literature from your placement office and a general industry overview. You should also read recent articles and annual reports about those companies

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

Following aspects would a

In short, your focus during your research is to discover and become familiar with the particular challenges your prospective employers face. With this knowledge, you can ascertain how you

dd to the challenges in developing combination products:

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

may be an asset to the organization. There is always room for someone who knows how and where to make a difference.

Next, prepare and practice. The most common question in an interview is,

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

Can you tell me something about yourself?” It is said that every battle is won before it is ever fought. Determine how you will answer this question before it is ever asked. Start by finding

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

a place, free of distractions, and write a paper telling the imaginary reader about you. This worthwhile exercise forces you to recognize your skills and abilities, and develop a clear conc

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

se answer.

For each skill and attribute you highlight, write a paragraph emphasizing at least three examples. Andrea M. Williams, a Compensation Analyst at American Express says, “My abilit

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

Professional from academic institutions, pharmaceutical industries, health care indust

y to provide multiple examples demonstrating my skills and attributes was critical to winning my position.” Then, listen to yourself answering questions that you’d expect to be asked. If pos

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

ible, buy a small tape recorder and record your answers. Play them back and listen to them as if you were the interviewer. Ask a friend to help you with role-playing. Better yet, if your car

.

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

eer services office has mock interview workshops, take full advantage. Practice as if it was the real thing so that the real thing feels just like practice.

These three steps are the backbo

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

Companies that provide selfless information through particip

e of every successful job search. Master them, and in turn, you will become a master communicator of who you are and how you can make a difference. And, that will help you launch your career

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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Web sites, charts and graphs are impossible for some people to read because of the colors used. One of 12 males and one in 200 females has some degree of color vision deficiency or colorblindness. Find out how this deficiency affects business.

You labor long and hard trying to create the perfect advertising piece but only about 20% of your copy is going to get read. The rest will simply be scanned. After all your work, your potential customers won’t even read every one of those well chosen words. Is your genius lost on them?

Branding in the real estate business is often confined to 'property developers' or the 'property' itself. But none of the marketers have ever discussed the role of branding for a 'realty consulting business'. In this article, I discuss how brand development and management can enhance the overall enteprise value of a real estate consulting business in the long run, especially in an emerging market like India.

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