Main Subject - Business

How do you know if all your efforts to do with measuring organisational performance are efforts worthwhile? Do you know what impact your measurement system is having on the very things

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

it's there to help improve (which is organisational performance, in case it's not obvious)? What we're talking about here is measuring the performance of your performance measurement

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

Examples of combination products may in

process.

Yes, it probably feels a bit like your brain is bending back onto itself, but there are some very good reasons why measuring your measurement process is so worthy a cause. Yo

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

u can do things like:

* better convince people that performance measurement is worth doing

* improve your measurement process like you'd improve any other process

* evaluate differe

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

t approaches to performance measurement to find the best

* make the accountability of your Planning & Performance team more objective

But first, you'll need to think about how you go

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

Combination pro

about measuring a performance measurement process. A sensible place to start is to decide what are the results you most want from measuring performance, then design measures for these

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

results. And to give you a head start, here are some ideas about the main types of results you should consider.

result #1: people understand their role in achieving organisational go

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

ls

Performance measurement is (or should be) connected to the planning process like your ears and eyes are connected to your head. When measurement is done properly (that is, measures

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

are designed and not brainstormed), it makes the goals of the organisation much less fluffy and much more tangible. And it puts persuasive pictures in the minds of people of the futur

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

e they're going to help make real.

result #2: people find it easy to measure what matters

You know that the best way to get buy-in from people is to get out of their way, don't you?

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

eople will only love their performance measures if they conceived them and brought them into the world themselves. To do this, obviously they need to know what steps to take to design

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

Following aspects would a

measures and how to decide what is worth designing measures for and what is not.

result #3: the measures are used (to improve organisational performance)

A great measurement process

dd to the challenges in developing combination products:

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

isn't about selecting measures. It's about bringing them to life and making sure they get used. You want people using them regularly, using them constructively, using them to test thei

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

r prior decisions and actions, and using them to prioritise where they spend money for the good of the whole organisation.

result #4: organisational goals are achieved faster

A reaso

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

able performance measurement process will mean you are measuring your goals. But an outstanding performance measurement process help you achieve those goals quicker than other processe

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

s. But you want to make sure that there aren't any unintended consequences, like there often can be when you're trying to do things faster.

result #5: the measures used create more va

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

Professional from academic institutions, pharmaceutical industries, health care indust

lue than they cost

The return on investment of your performance measurement process is just as important as the return on any other investment your organisation makes. If you've got a

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

fabulous performance measurement process, then use of the measures has produced more savings or other value for your organisation than the cost of creating, reporting and using them.

.

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

how important is it to you to know?

If you want to know how good your performance measures are, really, a survey of staff or stakeholders just can't cut it. You have to put more elbow

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

Companies that provide selfless information through particip

-grease into it than that, which means you must decide what impact you want performance measurement to have, and design measures that give you the evidence of that impact, specifically

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.mainsubjects.org.ua/article/20871/mainsubjects-Measure-Your-Measurement--So-You-Know-If-Its-Working.html">Measure Your Measurement - So You Know If It's Working</a>

BB link (for phorums):
[url=http://www.mainsubjects.org.ua/article/20871/mainsubjects-Measure-Your-Measurement--So-You-Know-If-Its-Working.html]Measure Your Measurement - So You Know If It's Working[/url]

What is Internet marketing advertising? Well, it can come in a variety of forms. The more you are able to get your product name out over the internet, the better. Some of it can be delivered via free information to your visitors, while other forms will require payment

Have you wondered why it seems some people are so successful in their career and others are not? This is true, since most people who are unsuccessful in their career give up their hopes and dreams. These are the people who settle for something lower than their own capabilities would qualify them for.

Is your high school student unsure of his or her career choices? If so, a career as an automobile mechanic might be right up their road. Please read why this field has evolved to the point where it is both secure and lucrative for the right person.

Tags

Links

Main Subject - Measure Your Measurement - So You Know If It's Working

Related Articles: