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Main Subject - Your Corporate Values - Reviewed
The values below are selected from a company with internet presence. The management of the company has put significant effort in setting the values up. This can
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
be deducted by the amount of values that are selected.
Decreasing the amount of values would increase the credibility of each individual value and it would be
Decreasing the amount of values would increase the credibility of each individual value and it would be
; 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
easier to manage them. Once you introduce a corporate values system it should support your organization. Having too many values will make this more difficult.
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
s there are up to ten separate statements, the first one’s will be the most important. You can understand this if you practice the piano and you are to study 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
ertain passage. IT is always the beginning that will go fine, but at the end there comes the toughest part and there is where you will make most of the mistakes
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
. You stop in the middle and start all over again. The first bars will be amongst the one’s you will dominate perfectly.
Quality in everything we do
This statement is ambiguous. You either choose for continuous innovation and change or you opt for continuous improvements. Instead, the “Continuous i
Quality in everything we 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
Quality is normally managed by support and this means that this company chooses to invest in indirect business processes. As any company should choose, increa
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
ing resources for quality will in the same time mean that fewer resources will be available for the primary process in which quantity dominates.
Exceeding c
Exceeding c
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
stomer expectations
This means investment in communication and sales.
Trust, respect and integrity in all of our relationships
Relationsh
This means investment in communication and sales.
Trust, respect and integrity in all of our relationships
Relationsh
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
ip also belong to the area of sales; remember the client database or client relationship management.
Continuous improvement, innovation and embracing change
Continuous improvement, innovation and embracing change
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
This statement is ambiguous. You either choose for continuous innovation and change or you opt for continuous improvements. Instead, the “Continuous i
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
provement,” should belong to the quality statement.
Teamwork and open, honest communication
This statement is also sales related. “Honest communic
Teamwork and open, honest communication
This statement is also sales related. “Honest communic
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
tion,” could be further specified. For example – we value a rational and objective communication.
Each employee's responsibility for contributing to the com
Each employee's responsibility for contributing to the com
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
pany's success
This statement would fit better with the teamwork statement. You want teamwork, but each employee has it’s own contribution. This weake
This statement would fit better with the teamwork statement. You want teamwork, but each employee has it’s own contribution. This weake
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
s the teamwork statement.
Creating a safe, productive and rewarding work environment
Safe is part of quality. Productive goes without saying and R
Creating a safe, productive and rewarding work environment
Safe is part of quality. Productive goes without saying and R
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
warding is what receives the emphasis in this statement.
Building a high-performing, diverse workforce
High-performing. This is mentioned at the e
Building a high-performing, diverse workforce
High-performing. This is mentioned at the e
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
d. Meaning ... in the end, we want performance... This one is tricky.
Promoting the responsible consumption of our products
This one is mentioned
Promoting the responsible consumption of our products
This one is mentioned
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
because of the special character of the company. Good to mention.
Preserving and protecting the environment and supporting communities where we do business
Preserving and protecting the environment and supporting communities where we do business
.
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
/i>
The company accepts it societal function. Could be part of Teamwork and it means that the company cooperates not only with internal stakeholders but al
The company accepts it societal function. Could be part of Teamwork and it means that the company cooperates not only with internal stakeholders but al
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
o with external stakeholders.
In the end a fine set of corporate values, but limiting the number of statements would increase the credibility.
© 2006 Hans Boo
In the end a fine set of corporate values, but limiting the number of statements would increase the credibility.
© 2006 Hans Boo
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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