Main Subject - Business

If there's one thing managers know best, it is this: recognition is a powerful motivator. If you praise your employees and acknowledge stellar efforts on their part, you

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

will make them feel better about themselves and the hard work they put in.

The Myth of Raises One of the key factors in improving employee productivity is recognition.

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

Examples of combination products may in

In the old days, it was believed that a salary increase is the most obvious tool for encouraging employees to work harder. Since then, several studies have debunked the i

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

dea. Employees do not become more productive simply because they are paid more. After all, employees do not calculate the monetary value of every action they perform. The

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

y do not compute, for instance, how much they earn every time they finish a report or send out an email. Studies show that while a raise makes employees happy, there is a

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

Combination pro

abundance of other things that can accomplish the same thing.

The Power of Praise Praise is one such thing. A pat on the back is an important tool for motivating empl

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

oyees. For a manager to be effective, he must recognize that fairness and leadership by example are not the only two values that will inspire his staff to work harder. 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

re, we all downplay the importance of the proverbial pat in the back; but deep inside all of us, we find ourselves craving it. Praise is an affirmation that we did someth

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

ing right, and everytime we receive compliments in the workplace, we drive ourselves harder so we can receive the same affirmation the next time around.

The Importance o

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

f Incentives Incentives that do not have monetary value are just as important as praise. Incentive is praise with a physical form. After all, incentive is given as a rew

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

rd for a job well dome. Oftentimes, managers ignore the importance of non-monetary incentives. This should not be the case as executive gifts, no matter how inexpensive o

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

Following aspects would a

r simple, have been found to dramatically increase employee's sense of worth in relation to actual work accomplished.

What To Give? Many managers are confounded over th

dd to the challenges in developing combination products:

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

e question what to give. They need not be because choosing a gift is easy. Workplace ethics holds that these gifts shouldn't be too pricey, else they may be perceived as

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

a bribe, or too personal, else they're misinterpreted as inappropriate.

The best present to give to your staff who perform well are business card holders. Business card

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

holders make excellent employee recognition presents. After all, who doesn't need business card holders?

Business card holders are requisite accessories for every person

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

in the corporate world. Because they come with segregated compartments, business card holders offer versatile storage. They help you organize your stash of business cards

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

Professional from academic institutions, pharmaceutical industries, health care indust

, whether these are yours or other executives'.

Perhaps the best advantage of business card holders, aside from obvious functionality, is that they can be personalized e

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

asily. Business card holders may be embossed, engraved, or tagged with designs and scripts, ranging from "Thank You" to a small version of the company logo. The good thin

.

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

g about business card holders is that they come in many colors and designs. They may be made of leather, resin, or high-quality synthetic and may sport a variety of color

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

Companies that provide selfless information through particip

s and designs.

No matter what you decide to give to your staff, however, never lose sight of the need to recognize their efforts, whether verbally or through gift-giving

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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