Digg It - Business

The business success is about taking right people to the right place on right time. So what is the problem? Actually, if you need to manage not one, but five empl

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

oyees or better five groups of employees, then you face the problem of measuring and control. It's hard to tell whether one group is performing better or not, it

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

Examples of combination products may in

ecoming hard to compare one employees success against other one, it's hard to see the unique features of people. So what the solution is? The key metrics and key

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

indicators, which will tell you how to manage your stuff right.

There are two approaches I suggest to take into account when thinking about human resources (HR)

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

t your company. First, you can think in terms of process, second you can think it terms of how do employees affect the whole business.

The processes of working w

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

Combination pro

ith employees include: hire, education, management, retire. All the stages must be processes carefully, as they could fully change your business. For instance, if

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

you will have the best system to hire stuff, but it will be working slowly, then you will fail. If your education system will allow to train everyone, but will no

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

t allow to check the actual performance generated by training processed, then you will fail. If your best people will retire, then you will lose.

So, that's why

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

t's really important to measure and control all processes involved into employees relationship. People who you work with, should understand what your goals are an

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

d how they will help to achieve these goals. This is the key idea of manage and control in employees management processes.

Another approach is focusing on how so

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

eone's job affect the company. It's obvious that even if someone works in a Sales then he or she will affect not only the financial part of the business by genera

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

Following aspects would a

ting sales, but also all other parts.

For instance, sales person will be involved in entire company processes, such as education and knowledge sharing. This pers

dd to the challenges in developing combination products:

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

n will also work directly with customers, so he or she might not just sale, but get a valuable feedback from end users of your product. These people will also hel

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

p your company to grow not just in terms of sales, but in terms of better business processes and business efficiency.

So how to measure and control HR department

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

at your company. The answer is very simple - you should develop some key indicators that will represent company business and then pay attention to what is working

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

good and what should be changed. There are many names for this system, for instance KPI (Key Performance Indicators) or Balanced Scorecard. The result is having

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

Professional from academic institutions, pharmaceutical industries, health care indust

he clear view of what is going to happen in company and how it will steam-line your business.

What should be the first step? Actually, I think you have already h

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

ad some important information for scorecard. For instance, you have document called "mission", this is a general definition of your principles, you can some busin

.

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

ss goals, you have business processes described and formalized. What you need now is to gather all this important information into a easy to manage system, which

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

Companies that provide selfless information through particip

will take in account the importance of each metrics. This system (Balanced Scorecard or KPI) will help to manage and control the performance of your HR department

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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