Main Subject - Business

According to a recent poll of HR professionals, only ten percent of managers are fully prepared for the next level. Given this information, is it really a surpris

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

e that approximately fifty percent of promotions fail (source: Corporate Leadership Council) when the selection decision is based on current performance level?

On

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

Examples of combination products may in

e of the most important qualities of a good leader is the ability and desire to develop their employees. Taking an active role in the development of your team dem

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

nstrates confidence and concern for the future of the organization. Although talent development should be part of a company-wide initiative, most of the responsib

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

ility falls on the shoulders of the supervisors. Unfortunately, development coaching doesn’t come naturally to many leaders. By following these tips, you can pre

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

Combination pro

are your employees for success at the next level.

1. Encourage professional development. High-potential employees are not satisfied with the status quo. You WAN

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

T these employees your team. They are typically ambitious, high performing, and dynamic. They will be the future leaders of your organization if they are given p

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

oper guidance in their development. If not, be prepared to lose them to the competition.

2. Create a plan. Planning is crucial to advancing your career. Help y

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

our employees establish goals that are aligned with their strengths, interest and experience and then create a plan to get there. A development plan serves as the

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

roadmap that will take you to your goal. It can be simple or complex but it must include action steps, resources, and deadlines. Not sure where to focus your att

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

ention? Try the step-by-step promotion planning eClass. You will focus only on building necessary skills and overcoming obstacles to get you to your targeted pos

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

Following aspects would a

ition.

3. Pair your employee’s with a mentor. Once their goals have been established, find someone who is in a similar role to the target position to serve as a

dd to the challenges in developing combination products:

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

entor. Mentoring enables an organization to use it’s existing talent to impart their knowledge and expertise to one another. Everyone – the organization, the men

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

tor, and the mentee – benefits from the mentoring process.

4. Identify opportunities to expand their professional network. Having a solid network is imperative t

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

the success of future leaders. A network is a great source of information, advice, support and inspiration. Recommend opportunities within the organization, as

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

well as, networking or professional groups that will help them build strong connections.

5. Challenge your employees to move out of their comfort zone. You can’t

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

Professional from academic institutions, pharmaceutical industries, health care indust

move forward if you don’t grow and you can’t grow if you never leave your comfort zone. When possible, give your employees challenging assignments. Help them pre

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

pare by providing them a safe environment to learn from the mistakes that they are bound to make.

6. Hire a coach. For high-potential employees and employees who

.

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

need to be redirected to another career path, it can be best to bring in an outside coach. An external coach provides a confidential environment where employees a

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

Companies that provide selfless information through particip

re free to discuss the challenges and opportunities they face in their careers through the use of assessments, powerful questions, and individual development plans

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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This article is about dealing with people who have negative attitudes and also has eleven technology tips to make your life easier.

Most people learn grant writing accidentally; their employer needs funding and there is no one else to tackle the grant applications. This learning involves a lot of trial and error – mostly error in the beginning. Get a head start and teach yourself grant writing. By taking the steps below, I went from knowing nothing about grant writing to becoming a full-time grant writer.

A Utopian Business World: If a business could run at 100% efficiency, what would it need to do, and is it possible? The answer is - almost - 100% YES...! There are many things businesses DON'T need to do to be successful and many things most businesses DON'T do that they NEED to do to be successful, this article covers most of them.

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