Main Subject - Business

Outsourcing has become one of the fastest growing trends in the business world. There are many reasons that a company would elect to use outsourcing. Among them is the fact that it provides an almost immediate opportunity for savings as well as

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

a noted improvement in quality. At the same time, these savings are often gained to the detriment of American workers. Research has shown that outsourcing has both positive as well as negative impacts on an organization. By reading articles pert

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

Examples of combination products may in

ining to outsourcing and its pros and cons, one can see how important it is to make sure the pros do not outweigh the cons or vice versa.

As this is an election year, more attention than ever before is being placed on the issue of outsourcing. A

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

noted by Daniel Drezner in his article, “The Outsourcing Bogeyman”, there are many possible problems with outsourcing. He quotes statements by many government officials who are not in agreement with outsourcing. However, he makes his readers aw

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

are of the fact that, “…if their exaggerated alarmism succeeds in provoking protectionist responses from lawmakers, it will do far more harm than good, to the U.S. economy and to American workers.” This is an interesting remark. Employees of org

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

Combination pro

nizations usually do not benefit from outsourcing and are often at risk of becoming redundant. At the same time, Drezner shows us that challenging the current outsourcing conditions could also have a negative impact on American workers.

In his a

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

ticle, “Questioning Free Trade Mathematics”, Jeff Madrick poses the question, “How much has the exporting of jobs to foreign nations contributed to the lack of jobs and the absence of wage growth in the current expansion at home?” Throughout this

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

article, Madrick attempts to answer this question and shows the negative and positive effects that the absence of wage growth has had. In the end, he concludes his article by making readers aware of his position that, “…the losers from free trad

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

require more of the nation’s attention.

The hierarchal structure of business is another area that has the potential to be impacted by outsourcing. If an aspect of a business, such as Human Resources, is controlled by an outside group, human res

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

urces are thus removed from an organization and its formal structure. An advantage to this would be the prospect of expanding into locations that have not yet been outsourced. At the same time, the departmentalization of the structure would most

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

likely need to be altered to meet with the changes resulting from the outsourcing.

Organizations can call on outside companies on the basis of need. This is how an organization can reduce costs by outsourcing. Using the human resources example,

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

Following aspects would a

one can see that such a division works on a basis where unnecessary wages are being paid. As most organizations do not require things such as constant recruitment, outsourcing them can save much money. The fact to keep in mind is that outsourci

dd to the challenges in developing combination products:

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

g does not do away with decision-making and a need for managers to be in control. On the contrary, managers are required to constantly monitor and evaluate outsourced functions to be sure that they are beneficial to their organization. In the lo

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

g run, it is possible that such consistent monitoring has the potential of costing companies even more money than if their own people had conducted the work.

If an outside group can perform tasks and duties with the same or better skills and comp

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

etencies of existing workers, few companies would hesitate to choose them over their own workers. If a group of employees were made to feel inferior and caused to lack confidence and job stability, a collapse of morale could have severe consequen

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

es on an organization. In order to prevent this from happening, companies should perhaps consider cross-training their redundant employees to allow them to fill another position. Not only with this restore the faith of the workers, yet it also h

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

Professional from academic institutions, pharmaceutical industries, health care indust

s the potential of increasing productivity. If more companies were to come up with similar solutions, outsourcing would cease to be a concern and American workers could benefit from increased job stability.

It is clear to see through the article

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

s of writers such as Drezner and Madrick, that outsourcing is a very controversial topic with both positive and negative aspects. Readers need to keep an open mind and be able to see both sides of the situation in order to have an accurate view o

.

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

the issue. When we do this, we are able to see that outsourcing can stimulate productivity growth while at the same time reducing American employment. The goal for any company should be to protect the needs of their American workers by balancin

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

Companies that provide selfless information through particip

the rewards of cheaper work through outsourcing with the impact it will have on American workers

Interesting Outsourcing Essay

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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