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Digg It - Corporate Cancer: An Epidemic of Dishonest Employees
Hiring and retaining employees in today’s marketplace is a complicated situation; in fact, it’s more of a matter of life and death for most businesses.
The liabilities inherited with each job offer include employee theft, huge tur
The liabilities inherited with each job offer include employee theft, huge tur
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
nover rates, unqualified employees, negligent hiring practices and discrimination based lawsuits, and violence in the workplace.
Each of these challenges has a distinct and overwhelming effect on every business, within every marke
Each of these challenges has a distinct and overwhelming effect on every business, within every marke
; 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
segment in every country of the world.
Quality hiring decisions build profitable and successful companies, bad employees tear them down.
All other problems aside, employee theft alone has been described as an epidemic... a corpo
Quality hiring decisions build profitable and successful companies, bad employees tear them down.
All other problems aside, employee theft alone has been described as an epidemic... a corpo
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ate cancer… a disease murdering commercial enterprise. It has also been characterized as the fastest growing segment of rhe U.S. economy.
The estimates of the damage to the American public vary widely:
· The U.S. Department of C
The estimates of the damage to the American public vary widely:
· The U.S. Department of C
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
mmerce has estimated $50 billion dollars annually
· The Association of Certified Fraud Examiners claims it costs in excess of $121 billion dollars every year
· Florida State University’s 2004 National Retail Security Survey indic
· The Association of Certified Fraud Examiners claims it costs in excess of $121 billion dollars every year
· Florida State University’s 2004 National Retail Security Survey indic
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ates that the percentage of a business’ losses caused by employees is the highest it has been in its eight previous surveys!
· Perhaps the most shocking statistic claimed by the U.S. Small Business Administration indicates that be
· Perhaps the most shocking statistic claimed by the U.S. Small Business Administration indicates that be
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
ween 30% and 40% of all business failures and bankruptcies are a direct result of losses caused by employee theft and fraud.
Losses that include fraud and embezzlement are obvious but did you know that the loss of productivity can
Losses that include fraud and embezzlement are obvious but did you know that the loss of productivity can
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
be even more damaging to a company than theft and that this potential for loss can be identified ahead of time?
There is a cure for this cancer and I have the answer to this question that bothers everyone who has the responsibilit
There is a cure for this cancer and I have the answer to this question that bothers everyone who has the responsibilit
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
to attract and find the very best (honest) employees.
Understand first, that past performance is ALWAYS indicative of future behavior. You must completely and accurately gather all of the facts from a potential new-hire concerni
Understand first, that past performance is ALWAYS indicative of future behavior. You must completely and accurately gather all of the facts from a potential new-hire concerni
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
ng previous work history, performance, attitude, criminal involvement, etc.
In 91% of the cases we investigated for employers, we found that the identified employee was predisposed to causing loss and that he or she had participat
In 91% of the cases we investigated for employers, we found that the identified employee was predisposed to causing loss and that he or she had participat
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
d in acts that caused losses to previous employers.
But how do you make an informed decision when it has been PROVEN that at least 35% of all job applicants will lie to you?
TRAIN YOUR HIRING MANAGERS AND THOSE WHO HAVE THE AUTHO
But how do you make an informed decision when it has been PROVEN that at least 35% of all job applicants will lie to you?
TRAIN YOUR HIRING MANAGERS AND THOSE WHO HAVE THE AUTHO
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
ITY TO MAKE HIRING DECISIONS.
In every case in which we investigated a specific loss and were able to identify the responsible employee, we determined that the person who conducted the pre-employment interview, examined the job ap
In every case in which we investigated a specific loss and were able to identify the responsible employee, we determined that the person who conducted the pre-employment interview, examined the job ap
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
lication and checked references, was plainly duped; lied to. They were fooled and they didn’t have a clue. In fact, not one hiring manager we surveyed had any sort of education or training in making employment decisions!
Would y
Would y
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
ou like the power to separate fact from fiction and consistently make quality-hiring decisions based on the truth? Would you like to know the secret to convincing applicants to tell you everything you need to know to make a great
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
iring decision next time and every time?
You must learn how to 1) Develop honesty, as a theme, within the employment interviewing process; 2)Ask “integrity questions;” and 3) Evaluate the applicant’s responses for truthfulness.
A
You must learn how to 1) Develop honesty, as a theme, within the employment interviewing process; 2)Ask “integrity questions;” and 3) Evaluate the applicant’s responses for truthfulness.
A
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
a professional, entrusted with the tremendous responsibility of selecting new employees for your company, it is your duty to do everything within your capacity and the law to ensure the continued survival and bottom-line profitabi
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
ity of your employer.
Great hiring decisions can be made by properly interviewing job applicants and eliminating dishonesty through proven integrity interview and pre-hire investigation strategies.
You shape the future of your or
Great hiring decisions can be made by properly interviewing job applicants and eliminating dishonesty through proven integrity interview and pre-hire investigation strategies.
You shape the future of your or
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ganization with the decisions you make everyday. Perhaps there is no greater feeling to realize that the hiring professional maintains this power and influence over an organization. Therefore, it is your obligation to select the
.
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
ery best applicants available. It is your duty to find a training program designed to quickly and thoroughly prepare you for this responsibility.
Ultimately you will be judged by the quality of your employees, if not by a supervi
Ultimately you will be judged by the quality of your employees, if not by a supervi
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
or then your customers. Undoubtedly, the quality of your work will be reflected in the faces of the men and women you have chosen to represent the organization to which you belong… hopefully they will be men and women of integrity
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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