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Main Subject - Managers' Biggest Blunders
Nobody’s perfect, including the boss. Managers, we polled recently, acknowledged making a number of mistakes, from not recogn
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
izing staff accomplishments to inadequate communication to poor hiring decisions. Here is a sampling.
Withholding praise
Withholding praise
; 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
was a problem cited by many:
"I didn’t give recognition to someone who turned out to be one of my best employees and
"I didn’t give recognition to someone who turned out to be one of my best employees and
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
soon lost her."
"I didn’t give credit when it was due to individuals who made major contributions."
"I failed to
"I didn’t give credit when it was due to individuals who made major contributions."
"I failed to
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
acknowledge someone who needed to be rewarded. I have regretted that for years."
Letting poor performance go unchecked:
Letting poor performance go unchecked:
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
b>
"I kept someone on who should have been let go."
"I didn’t recognize that someone was in way over her head.”
Not pay attention to what’s going on with staff:
"I didn’t pick up on signals from disgruntled employees." I re
"I kept someone on who should have been let go."
"I didn’t recognize that someone was in way over her head.”
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
r>
“Keeping a person in a position where he failed was my biggest mistake."
Not hiring the right staff:
"I enco
Not hiring the right staff:
"I enco
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
uraged a group manager to hire an internal candidate when an external candidate was better qualified."
"Hiring people wh
"Hiring people wh
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
o are too similar to me has been a mistake."
"I hired an executive-level individual for a much less senior-level job."
"I hired an executive-level individual for a much less senior-level job."
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
Not pay attention to what’s going on with staff:
"I didn’t pick up on signals from disgruntled employees." I re
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
ret not seeing the signs that someone was going to leave.
"I failed to clearly understand an employee’s situation and e
"I failed to clearly understand an employee’s situation and e
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
nded up losing him."
"I wish I had provided more opportunities for subordinates to engage in projects they enjoyed."
<
"I wish I had provided more opportunities for subordinates to engage in projects they enjoyed."
<
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
b>False assumptions often led to trouble:
"I assumed I knew what my employees’ problems were instead of talking to
"I assumed I knew what my employees’ problems were instead of talking to
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
them. Now I talk to my employees instead of assuming that I know what’s going on."
"I assumed someone’s motives were li
"I assumed someone’s motives were li
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
ke mine and he would want to make his job a career."
"I assumed someone was very knowledgeable when she wasn’t. It back
"I assumed someone was very knowledgeable when she wasn’t. It back
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
fired on me when a presentation was made."
Although management mistakes can be a learning experience, some lessons come at a
Although management mistakes can be a learning experience, some lessons come at 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
hefty price. "I delegated some work on a project and never checked to see if it was completed. A year later, I discovered it
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
had never been done, and it cost the company about a million dollars."
Still, while errors can be painful, it’s best to ack
Still, while errors can be painful, it’s best to ack
.
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
nowledge them and move on. "Early in my career, I didn’t admit my mistakes, and it was very damaging. I have since changed m
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
y ways." Over time, however, most supervisors learn from their mistakes and are able to improve their managerial performance
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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