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Digg It - The Importance of Career Mentoring
One of the things that sets successful people apart from the rest of us is coaching or mentoring. Smart people know they don’t have all the answers themselves, and others have already 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 found out through their own experiences the best approach for a particular field. All of today’s professional sports men and women have coaches. They can be general or specialist – fi ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in tness, diet, particular skills etc. Politicians have speaking and writing coaches. Singers have voice coaches, actors, dancers – all in the highly paid sports and entertainment busine lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. ses. The rewards are high if you reach the top, and there is a fine line between success and failure. Career mentoring is no different. You need to get a competitive advantage over here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe the rest of the workforce. This could be increasing your chances of promotion in your existing company, or looking for a new position elsewhere. You could be thinking about starting yo d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro ur own business. How do you start? It is not smart to re-invent the wheel, so you need to find someone who has already been down the path, and has been successful. They know what wor 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 s and what doesn’t work. They can guide you in the right direction, and stop you going off on tangents. Make sure the coach is credible. Have they actually done it themselves? Why sh 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 ould you listen to them? You must look at your career so far – where have you been successful? What have you enjoyed doing? What are your strengths? It's extremely important to loo nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically k at what you would like to do taking everything into account, e.g. where you want to live, balance between work and family, travel, stability, as well as financial issues. It wastes 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 our time applying for jobs that do not meet your criteria. It wastes your time not making the most of your skills and experience by not marketing them effectively. It also wastes your ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi time sending out thousands of resumes with a tiny chance of success. You must know that networking is the key to success, and the most effective way to leverage your network of famil ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a y, friends, acquaintances, business colleagues, church members, professional associations etc. A good career coach will enable you to build an effective network that will thrive throu dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod h mutual help. If you try to do it all on your own, your chances of success will be much lower compared to someone that employs the help of a coach or mentor. While the services of a cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin coach are not free, the amount paid is a great investment that will pay for itself many times over in the future. But … you need to be clear about what you are going to get for your tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen money. There are some companies out there that charge a huge amount for questionable benefits – be careful. Before you start working with a career coach or mentor, you must be perfec 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 ly clear about what services you are going to receive for your money. Ask the provider to explain exactly what you get, and the value it will bring. Ask the provider what evidence the ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust y have that a particular service is effective. Have they done for themselves, or are they just doing a sales job on you? What is the background of the person you are dealing with? Ca y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products n you meet with or speak to the actual coach/mentor before you sign up? What is their background and experience in the field? How did they get their current and previous positions? . 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 o your research before you commit your hard earned dollars. While having a quality coach, who has "been there, done that" can make all the difference, someone of poor quality will not elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip only provide low value for money, but also put you off coaching services. We get back to the start of this article - success is a team sport - make sure your team is of a high caliber 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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