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Main Subject - Is Your Management Style Assisting or Hurting Your Business?
Many times business owners can have significant differences in management styles that can deter the growth of both the employees and the business.
Employees can have differing needs that require differing methods of management as well. Problems arise
Employees can have differing needs that require differing methods of management as well. Problems arise
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
when the management style of a business owner does not match the needs of the employees.
There are two basic management styles that are also broken down into more minor categories, the Autocratic Management Style and the Permissive Management Style. A
There are two basic management styles that are also broken down into more minor categories, the Autocratic Management Style and the Permissive Management Style. A
; 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
n Autocratic Management Style is one in which the business owner makes all decisions unilaterally. In other words, the business owner is the "boss" period and doesn’t value input from employees. The business owner's word is law. The Permissive Manageme
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
nt Style allows employees to take part in business decisions. A rather considerable degree of autonomy on the part of employees is encouraged in this management style.
If a business owner possesses an Autocratic Management Style, and the employees and
If a business owner possesses an Autocratic Management Style, and the employees and
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
or type of business would benefit more from a Permissive Management Style, problems will arise, and vice versa.
Management styles may also be "situational", in other words, should be changed depending upon the needs and growth of the business, as well
Management styles may also be "situational", in other words, should be changed depending upon the needs and growth of the business, as well
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
as the differing situations that may occur.
How then can a business owner know if their overall "approach" or management style is hurting or assisting their business? Easy: Results.
The results of the business, in all facets of the business, will di
How then can a business owner know if their overall "approach" or management style is hurting or assisting their business? Easy: Results.
The results of the business, in all facets of the business, will di
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
ctate which management style is needed, or if a business owner needs to amend their management style. If a business is doing well financially, if clients are routinely satisfied, if employees are happy, are all indications that the management style of
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
he business owner is appropriate. Discontentment and loss of business would be indicators that the approach is incorrect.
An example of this will explain this principle further:
Karen R. successfully managed her own business for several years. She em
An example of this will explain this principle further:
Karen R. successfully managed her own business for several years. She em
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ployed a rather Permissive Management Style, allowing the employees plenty of input, with a rather "family style" atmosphere developing. The employees were very much engaged in the business and considered the business "their own" as well, leading to mu
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
ch devotion on their parts.
However, as the business grew, so did the demands of the clients. It became imperative for Karen R. to change her management style to the Authoritative Management Style, as she needed to quickly enforce parameters, and comp
However, as the business grew, so did the demands of the clients. It became imperative for Karen R. to change her management style to the Authoritative Management Style, as she needed to quickly enforce parameters, and comp
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
ete projects. There simply was no time for discussion among the employees, and no time for multiple approaches to each project.
This led to much discontent on the part of the employees, and they needed to be reminded that their opinions were no longer
This led to much discontent on the part of the employees, and they needed to be reminded that their opinions were no longer
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
welcomed repeatedly, which left Karen R. frazzled and stressed too.
The solution: Karen R. engaged a series of psychological tests for both herself and her employees, as initially she had no clue what was wrong or how to relieve the problems. This te
The solution: Karen R. engaged a series of psychological tests for both herself and her employees, as initially she had no clue what was wrong or how to relieve the problems. This te
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
st revealed that she was being somewhat "overly authoritative" in her approach, and also that her employees were "too expectant" in their demands that she include them in decisions. A compromise was reached, and Karen R., now allows some "input" from t
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
he employees, but retains the right to make a decision unilaterally. This combination of Authoritative/Permissive Management Styles has led to the relief of the stress within her organization, and has also led to increased happiness and productivity on
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
the part of the employees.
Without a good knowledge of their own management styles, or psychological approaches to business, business owners can set themselves up for problems. They may be so difficult in their approach, and so set in their ways, that
Without a good knowledge of their own management styles, or psychological approaches to business, business owners can set themselves up for problems. They may be so difficult in their approach, and so set in their ways, that
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
they in essence, would not put up with this behavior if they worked for themselves. Or they can be so passive, and so permissive, that they become "doormats" for the employees, thus not achieving enough control over the business. Karen R. above is a g
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
ood example. Her Authoritative Management Style, when adopted, became much too rigid for the growth of the business, and this was because of her perceived "need" for control in a business that was growing rather rapidly. Because she herself felt somewh
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
t overwhelmed by the growth, she tended to approach the employees, with an attitude that was too strict and unrelenting.
Assessment of situations, along with psychological tests administered to all within a business, if problems arise, can go a long w
Assessment of situations, along with psychological tests administered to all within a business, if problems arise, can go a long w
.
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
ay towards alleviating the problems. These tests are generally available online or from Human Resource providers.
Business owners can't rectify a problem or their own behaviors or that of their employees, unless they know specifically what these probl
Business owners can't rectify a problem or their own behaviors or that of their employees, unless they know specifically what these probl
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
ems are. Insight into themselves and others, will assist business owners into successful resolution of all problems as they occur. Knowledge of behaviors and knowledge of management styles, can prevent problems in management problems before they happen
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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