| Main Subject |
Hubs | Hubbers | Topics | Request |
| #1 in Business | Subscribe Email Print |
|
You are here: Home > Business > Team Building > Pass them the Crown to Build the Empire |
|
Main Subject - Pass them the Crown to Build the Empire
Stop for a moment…. and imagine how you would feel as an employee under this situation: You have been working for ACME for ten years now. You do the same thing everyday. You’re 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 tied at the desk pounding a decrepit keyboard; half the keys don’t work. When you’re not nursing carpal tunnel syndrome, you’re sipping stale coffee at the greasy counter. Worse ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in , you don’t really know anyone that you work with. Socializing involves a casual hello… with the doorman’s Doberman. One day you receive a memo stating that the dress code had b lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. een changed. Everyone must wear long pants with closed shoes. There is no explanation, and since you usually wear a sexy skirt with strappy sandals, you assume that it had somet here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe hing to do with you. Would this sit well with you? Would it have been better that you and your colleagues were consulted first? Now think about this scenario. You’ve conducted d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro time-motion studies at the factory for about eight months now. Since day one you toyed with ideas to optimize work-flow efficiency. A simple modification will cut costs 30% and 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 increase output 20%. A brilliant idea worthy of an 80% raise! You finally befriend the manager and broach your great idea. He points at the suggestion box. He adds that the su 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 pervisor browses suggestions once a week. So you whip up a nicely structured essay and plunk it into the box. Three months later, no one acts upon your ideas. No one has raised nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically the issue. You retreat to your cubicle and sulk at the dancing-baby screen saver. What’s the problem? Employees naturally expect that managers consider personal feedback as dec 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 isions are made involving work environment. After all, they are the frontliners and have a better feel of the immediate situation. In order to motivate employees and supercharg ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi e performance, companies can implement “participative-style management” : 1. Never reprimand someone for their input- no matter how misguided. Look into the positive intention be ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a hind the suggestions. You will build confidence and motivation by acknowledging opinions. 3M is world renowned for paying cash prizes for crazy ideas. The idea for the Post-It ca dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod me from rank and file. It catapulted the company to the Fortune 500. 2. Never rush employees to come up with flawless decisions. Provide them with appropriate tools and resou cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin rces. Empower them to delegate responsibilities so they can focus on action planning. 3. Respect decisions once they have been made. Once you’ve authorized a committee to re tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen ach decisions, let the decision stand. Exercising veto powers to flex the ego will destroy motivation. Override staff decisions only if doing so will cause irreparable damage. 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 r>
4. Impose clear standards of expectation. Inform empowered committees the core issues and what is desired. 5. Reward group members who strive to make informed decisions ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust based on all available information. They will rise as future managers who will nurture organizational growth. Occasionally, employees feel that too much involvement can spell di y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products saster. Their mindset is that managers should decide, and employees simply follow. Some complain that taking on ad-hoc managerial roles breaches the scope of their job descripti . 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 on! Enlighten the employee. Remember that the objective is to make the employee feel that his opinion is valuable AND have him relish the pleasure of executing his ideas. Ultimat elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip ely he gains confidence as he discovers how capable he is of making his own decisions. Your firm ultimately benefits as new talent is cultivated for the future pool of managers. 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):
Related Articles:It's Time to Hire an Advertising Expert When ...
|