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Main Subject - Portrait of a Portfolio Career: An Answer to the Perfect Job?
Do you cringe when you look at your resume through the eyes of a prospective employer, afraid the wide range of jobs listed will disqualify you? Or have you put together a single-track career record but secretly long for more variety, more outlets for your varied interests and abilities?
If so, perhaps you’re the perfect candidate to welcome a new identity: a po
If so, perhaps you’re the perfect candidate to welcome a new identity: a po
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
rtfolio
careerist.
While describing her new business over lunch the other day, Christine included some details of the career journey that brought her to it. Starting out doing debt consolidation for friends while tending her young children, she was catapulted into full-time work in Human Resources following a divorce. Moving from one corporate HR divi
While describing her new business over lunch the other day, Christine included some details of the career journey that brought her to it. Starting out doing debt consolidation for friends while tending her young children, she was catapulted into full-time work in Human Resources following a divorce. Moving from one corporate HR divi
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
ion to another, she specialized in employee benefits and severance
packages. In recent years, tired of long hours and wanting more independence, she
has moved into financial planning as an affiliate of a large financial network. While
she is thriving in this new challenge, she did admit, with a smile somewhere
between embarrassed and shy, that she had a
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
“side business” as a personal color
consultant. “I have too many interests to expect one job to make me happy. I’ve
always had something going on the side!”
Her allusion to non-monogamy was telling, probably accounting for the moment of slight embarrassment. Many of us are still laboring under the outmoded belief that we should make a career choice ear
Her allusion to non-monogamy was telling, probably accounting for the moment of slight embarrassment. Many of us are still laboring under the outmoded belief that we should make a career choice ear
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
y in life and follow it faithfully in a more or less
straight line.
In fact, there are many persuasive arguments for portfolio careers becoming a wave of the future. The realities of the current employment environment, suggest that identifying yourself as the CEO of your career gives you a head start for pro-actively designing it. The entrepreneurial min
In fact, there are many persuasive arguments for portfolio careers becoming a wave of the future. The realities of the current employment environment, suggest that identifying yourself as the CEO of your career gives you a head start for pro-actively designing it. The entrepreneurial min
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
dset is valued among companies looking to
shift responsibility for career management onto you, and prepares you to make
foresighted adjustments to changes in in-house and market conditions.
Research studies indicate there’s a high level of satisfaction among people who voluntarily leave employment and become independent. As high as 65% of executives surv
Research studies indicate there’s a high level of satisfaction among people who voluntarily leave employment and become independent. As high as 65% of executives surv
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
yed in a British study are “very satisfied” with the increased
freedom, control and variety they’re able to create in their composite careers.
Portfolio careers may be a model particularly well-suited to women’s lives. Women have always been good at doing more than one thing at a time. As companies’ family-friendly policies are diminishing, putting togeth
Portfolio careers may be a model particularly well-suited to women’s lives. Women have always been good at doing more than one thing at a time. As companies’ family-friendly policies are diminishing, putting togeth
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
r a multi-strand career may
provide the needed flexibility to tend to a family’s changing needs or a spouse’s job
requirements. Designing a personal career portfolio gives women a way of working
that fits our lives, rather than requiring our lives to adapt to our work.
An initial reaction to the idea of abandoning the search for a “single strand” career a
An initial reaction to the idea of abandoning the search for a “single strand” career a
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
d focusing instead on creating multiple strands may be to worry about the lack of
security: no single paycheck to rely on, no predictable schedule or set of
expectations, no one to report to for direction. The tough truth is that this security
is becoming more and more of a myth in the contemporary workplace, as hiring is
done project by project rather th
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
an for the long haul. Here are several options for
addressing the issue of security:
*Develop a skill set that’s in demand or suited to a growing industry. An example might be technical writing in biotech.
*Actively nurture your network: keeping in touch with your contacts about new developments in your skills or interests, as well as finding opportuniti
*Develop a skill set that’s in demand or suited to a growing industry. An example might be technical writing in biotech.
*Actively nurture your network: keeping in touch with your contacts about new developments in your skills or interests, as well as finding opportuniti
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
s to be of
assistance to them. (Remember that being of service is very likely to activate a
desire to reciprocate!)
*Add to the numbers of people who know about you and your expertise by developing some speaking or writing topics.
What does a portfolio career actually look like? It has several parts, bound together by a common thread (you), that’s adap
*Add to the numbers of people who know about you and your expertise by developing some speaking or writing topics.
What does a portfolio career actually look like? It has several parts, bound together by a common thread (you), that’s adap
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
able to many different circumstances. It can
be a combination of traditional employment, contract work, and self employment
(e.g. a home-based business). The format can be to work simultaneously on
various projects or simultaneously with several clients or with single clients in
succession. Sometimes the strands of your portfolio even rotate seasonally:
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
a
garden design business in the summer, and technical writing in the winter. The
possibilities are infinite, open to you to craft for yourself.
In addition to offering variety and flexibility, the portfolio career model can place value on those endeavors that don’t (or don’t yet) generate income - service or pro bono work, for instance, or creative proj
In addition to offering variety and flexibility, the portfolio career model can place value on those endeavors that don’t (or don’t yet) generate income - service or pro bono work, for instance, or creative proj
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
ects. Most importantly, the term “portfolio
career” gives legitimacy to those enterprising folks who have diverse interests and
talents and insist on expressing them, in spite of having to buck reputations as
“jack of all trades, master of none”. People have embraced the “portfolio career”
label with emotional relief, finding in it a term for the unifyi
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
g and meaningful
guiding force behind all their activities.
So how do you go about creating a portfolio career? Here are some guidelines.
• look at your work history: What is the common thread (or threads) connecting the work you’ve enjoyed most and done well at? Perhaps it’s money: making it, managing it, building healthy attitudes about it.
•
So how do you go about creating a portfolio career? Here are some guidelines.
• look at your work history: What is the common thread (or threads) connecting the work you’ve enjoyed most and done well at? Perhaps it’s money: making it, managing it, building healthy attitudes about it.
•
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
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
deconstruct the work you’ve done into tasks and list all the skills involved in
those tasks. Don’t overlook the “people skills” like listening, motivating, team
building, etc. Think of new settings where those skills are of value and/or get
compensated.
• What are the hobbies or side interests that are or could become income generators?
• Plan a
• What are the hobbies or side interests that are or could become income generators?
• Plan a
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
rainstorming session with a friend to come up with a number of revenue
streams, and then mindmap them. (For mindmapping guidance:
www.thinksmart.com/mission/workout/mindmapping_intro.html)
• What are the natural rhythms of your life that might suggest some directions? (E.g. a client of mine got an ESL teaching certificate so she could spend cold mid- W
• What are the natural rhythms of your life that might suggest some directions? (E.g. a client of mine got an ESL teaching certificate so she could spend cold mid- W
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
estern winters in a tropical Latin climate.)
• If you’re considering multiple concurrent projects, make at least one of them a “no brainer”, something easy or very familiar.
And, like any good idea, there are some cautions. Portfolio careers probably aren’t for everyone. How do you know if it might work for you? Here are some questions to think about.
• If you’re considering multiple concurrent projects, make at least one of them a “no brainer”, something easy or very familiar.
And, like any good idea, there are some cautions. Portfolio careers probably aren’t for everyone. How do you know if it might work for you? Here are some questions to think about.
.
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
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
Do I have a personality suited to a portfolio career (adaptable, risk tolerant, self-
starting, enjoy variety/complexity)?
• Am I good at improvising when I’m not fully prepared?
• How do I handle financial insecurity?
• Am I willing to adjust my standard of living if necessary?
• How will I provide for health coverage and vacations?
• How well do I structu
• Am I good at improvising when I’m not fully prepared?
• How do I handle financial insecurity?
• Am I willing to adjust my standard of living if necessary?
• How will I provide for health coverage and vacations?
• How well do I structu
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
e and manage my time?
Like the man who looks under the lamppost for his keys, rather than looking where he dropped them, maybe the perfect job has eluded you because you haven’t known where to look. Try on the idea of a portfolio career and see if it frees you to consider new possibilities, a new approach to creating work that fits you and fits your life
Like the man who looks under the lamppost for his keys, rather than looking where he dropped them, maybe the perfect job has eluded you because you haven’t known where to look. Try on the idea of a portfolio career and see if it frees you to consider new possibilities, a new approach to creating work that fits you and fits your life
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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