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Digg It - 5 Steps To Maximum Productivity
Do you know that you get 80% of your results from just 20% of your time and effort and consequently 80% of your time is virtually wasted on non productive activities?. Once you realize this it is ea
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
sy to take advantage and either reduce the hours you work or significantly improve your productivity.
The 80-20 rule was first discovered by Italian economist Vilfredo Pareto a hundred years ago.
The 80-20 rule was first discovered by Italian economist Vilfredo Pareto a hundred years ago.
; 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
sing this knowledge is incredibly powerful in combating the "not enough hours in the day" mentality of today's society.
The 80-20 rule means that in any area of our lives, literally 80 percent of o
The 80-20 rule means that in any area of our lives, literally 80 percent of o
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ur fruits are derived from only 20 percent of doing "what matters". In other words, there is only a very small portion of all that we do each day, regardless of the situation, that brings us the "hi
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
her return".
How can you benefit from being aware of this principle? Implementing a strategy based on the 80-20 rule can result in greater wealth and greater leisure time? Just imagine how producti
How can you benefit from being aware of this principle? Implementing a strategy based on the 80-20 rule can result in greater wealth and greater leisure time? Just imagine how producti
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ve you will be if 80% of your time could be spent on productive activities. You have to realise that the things that matters most should never be at the mercy of activities that matter least.
Here
Here
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
re 5 Steps to maximise your productivity:
1) Keep a work log for at least a week
Write down all of your activities and the time spent doing them. I appreciate this is time consuming initially but
1) Keep a work log for at least a week
Write down all of your activities and the time spent doing them. I appreciate this is time consuming initially but
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
it is essential you get a true picture of your working week.
2) Analyse your activities
Separate your activities into high priority - those that produce a return or where only you have the skills
2) Analyse your activities
Separate your activities into high priority - those that produce a return or where only you have the skills
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
o do the work - and low priority - activities others can do where the activity can be delegated to support staff. You will almost certainly find that you are spending most of your time on low-priori
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
ty activities rather than activities directly providing a return. In almost all businesses these non productive activities tend to absorb time at a far greater rate than they should.
3) Delegate no
3) Delegate no
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
productive activities
Once you can identify the low priority activities delegate as many as possible to support staff providing training where required. If necessary employ an additional member of
Once you can identify the low priority activities delegate as many as possible to support staff providing training where required. If necessary employ an additional member of
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
staff to take responsibilities - the cost will be more than offset by your improved productivity. There may be a number of low priority activities you are tempted to keep. Unless it is absolutely u
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
avoidable don't be tempted and don't get involved in non productive activities or your productivity will fall.
4) Calculate the time required for any remaining low priority activities
Once you hav
4) Calculate the time required for any remaining low priority activities
Once you hav
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
e delegated all that you can, your next step is to calculate how much time you should be spending on the remaining low priority activities to make maximum use of your productive time. Do not work di
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
proportionately hard at these low priority activities and set aside specific time each day or week to complete them.
5) Prioritise your remaining activities
Once you have cleared out the activitie
5) Prioritise your remaining activities
Once you have cleared out the activitie
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
s that do not bring you any return, it is time to turn your attention to the activities in your life that are bringing the most reward. Prioritise your activities and concentrate most of your time j
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
st on a few high-priority activities.
The objective throughout is to maximize your results from the areas of high return and to delegate those activities that have a low return. Having to spend a d
The objective throughout is to maximize your results from the areas of high return and to delegate those activities that have a low return. Having to spend a d
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
isproportionate amount of time on non productive activities is a major source of stress for many businessmen. Delegating these activities will therefore have the added benefit of reducing the stress
.
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
you are under. It is all about doing less work for greater return.
For more success in life, whether that is more money, more time with your family or just making time for golf you should start imp
For more success in life, whether that is more money, more time with your family or just making time for golf you should start imp
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
lementing the 80-20 rule immediately. It will help your career as well as your personal life and, as a bonus, following the 80-20 rule day in and day out can make you very wealthy over the long term
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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