Main Subject - Business

In his book “Straight from the Gut,” former CEO of General Electric, Jack Welch, says that when interviewing candidates the most important question you should ask is: “Why did you leave (or why are you considering leaving) your last/most recent position?” He stat

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

es that the answer to this question is not only a precursor of future behavior, but also gives you, the hiring manager, valuable insight as to candidate's thought process when making important decisions. So if money is the only factor luring them away from their

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

Examples of combination products may in

current position, chances are they'll leave their new position when a better offer comes along. I don’t disagree with this line of reasoning; I’m fortunate to have experienced firsthand the inter-workings of a Welch-run organization (he was my boss for four years

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

having cut my teeth with the appliance division right out of college). I think GE does a terrific job identifying and developing management talent. An important part of their corporate culture is to promote from within, made easier by the fact that they have a m

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

assive workforce of people to choose from. However, with job-hopping becoming more and more prevalent (and professionally acceptable), I don’t feel the answer to that question gives you enough information about the candidate and his or her career expectations. Wh

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

Combination pro

en your work for an organization the size of GE and switch jobs every eighteen months you’re considered ambitious, but when you switch companies with a high degree of regularity in order to improve your situation you’re viewed as being flaky and indecisive.

Havi

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

g been part of numerous interviewing teams at GE, one of the questions we often asked (straight out of the Interviewing 101 Handbook) was “What do you see yourself doing five years from now?” At the time I didn’t place much weight on the candidate’s response (unl

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

ess it was totally something out of left field) because this question typically elicited a generic, corporate answer that rarely influenced me one way or another. I’ve always believed that if you have the ability to bring significant value to an organization then

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

people are going to recognize it and new opportunities will present themselves all the time. So how could you know what you’re going to be doing five years from now any more than you know who’s going to be calling you on the phone in the next five minutes? This

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

s not an invalid question; however, I don’t think the average candidate knows how to appropriately answer it nor do I think the average interviewer knows what they should be looking for in the candidate’s response. This is an essay/take-home question; one that re

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

quires an honest and thorough self-analysis and the off-the-cuff answer generally does not provide any insight worth considering during the evaluation process.

So the one question I always ask when interviewing candidates is essentially a hybrid of those two. It

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

Following aspects would a

does a great job of opening up a targeted dialogue, one that gives me a broad perspective of the candidate’s accomplishments and expectations and helps me draw conclusions about their career path and overall potential. I ask, “Can you walk me through the last 5

dd to the challenges in developing combination products:

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

ears of your career?” This gives you a range of information as opposed to just focusing on their last position. For example, it doesn’t necessarily raise a red flag for me when I hear someone say they didn’t get along with their immediate supervisor or that they

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

disagreed with the overall direction of the company. However, if they didn’t get along with the last three supervisors they worked for then we’re establishing an alarming pattern. Jobs are not forever and for most of us the days of going to work for one company a

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

nd staying there rest of our career are over with. That being said, I like to establish a realistic timeframe for employment longevity in a particular role when conducting a search, both with my client and the candidates. Typically, it’s in the three to five year

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

range. So the follow-up question that I ask all viable candidates is, “Were you to accept this position, is this a role you feel you would enjoy doing every day for the next five years?” If you have done your job as a recruiter (or hiring manager) and provided th

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

Professional from academic institutions, pharmaceutical industries, health care indust

e candidate with a thorough overview of the position and its expectations, then the timeliness of their response will tell you everything you need to know about how they view the position’s long-term potential. It is particularly insightful when you ask this ques

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

tion in a face-to-face setting, because it’s typically not one that candidates are used to hearing. An immediate “Absolutely!” is a good sign. Raised eyebrows and a pensive look are not. Keep in mind that this is not a qualifying question: it’s a dis-qualifying q

.

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

estion. An affirmative response does not carry anywhere near as much weight as a negative one does. Remember, most people are not fired or displaced from their jobs; they leave on their own free will. Odds are your employees are going to leave you before you deci

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

Companies that provide selfless information through particip

de it’s time for them to leave. So when you have a candidate that visibly shows hesitation at this question, or gives some indication that restlessness is likely set in after a period of time, then it’s time to wrap up the interview and move on to the next person

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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For people running a technology based business, Mexico can offer a wonderful location to work from while providing the technology infrastructure to stay connected. This article discusses some of the things to think about when considering a move to Mexico.

Although you will find plenty of emphasis on the way a company markets itself and its’ services, very little attention is usually given to individuals and how best they can market themselves. The reality on the ground is that good personal marketing has become critical in an increasingly competitive and shrinking jobs market.

When it comes to traditional fundraising campaigns their are literally thousands of ideas that organizations seeking to start a program can utilize. Traditional fundraising has always been to present the program, get groups to sign up, and get patrons to purchase the product. But, with the advent of the Internet, many such programs that have been a traditional face-to-face method have become more updated and accessible and even more creative. Even though the means has changed, the methods have not. Their are several key aspects in a solid, profitable, and mutually beneficial fundraising program that have not changed over time.

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