Digg It - Business

CEOs and Presidents often mistakenly treat key management personnel like Jell-O. They throw newly hired executives into the bowl, stir things up a bit, cool things off when things heat up and wait for

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

things to gel. Viola. Perfect Jell-O every time.

If this approach really worked, employee turnover would be non-existent. Everyone hired would fit the mold perfectly. No, the hiring and assimilat

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

Examples of combination products may in

on of key executive personnel is more like the art of making a souffl?. It takes practice, confidence and requires more than just sitting back and waiting for things to gel. If the thought of actuall

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

y coming up with a recipe to hire and successfully integrate key management personnel into your organization makes you shrink then read on.

Right ingredients

Assembling a well congealed management te

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

m starts with pulling together the right ingredients. Adding too many chili peppers (also known as hot headed management personnel) will certainly alter the flavor of your organization, particularly i

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

Combination pro

f you are going for a smooth collaborative environment.

Define the traits that work best in your organization and avoid mixing ingredients that don’t generally work well together. You can always twea

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

things after you have gotten the basic recipe down.

Top shelf equipment

If your organization is going to be composed of top shelf employees then be prepared to have the right tools and equipment at

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

their disposal. For example, top -notch engineers expect access to state of the art equipment and computer programs. Keep this in mind before paying for a premium player. The lesser-known brand empl

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

yee, who has yet to be discovered, may work just as well and could be a better fit for your organization.

Clearly defined roles

Mixing a bunch of ingredients together without much thought to how they

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

will react with one another may work when creating something forgiving like spaghetti sauce but this approach could spell disaster when trying to find the right blend for your organization.

We’ve see

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

this scenario happen time and time again. Executives are brought into an organization without their roles being clearly defined. Before they’ve had a chance to make their mark they find themselves s

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

Following aspects would a

tomping on someone else’s territory. The reaction of other key management personnel tells the tale best. Some choose to fight this new predator while others let their newly crafted resumes speak on t

dd to the challenges in developing combination products:

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

eir behalf. Either scenario means energy is being depleted from the organization. You are leaving opportunities for your competition to quickly take over your leading position.

Even a coach needs a

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

coach

It’s lonely at the top. Just ask star chefs like Emeril and Bobby Flay. These guys didn’t get where they are today on their own. They still use seasoned veterans to keep their names on the ti

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

of everyone’s tongue.

Forget the company car. Instead, give your new executives access to a coach. This person can help your executive quickly assimilate into the business and avoid many of the lan

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

dmines that exist in most organizations.

Team development

Strong ego’s often come as standard equipment when you hire powerful executives. This isn’t necessarily a bad thing if it comes in bite-size

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

Professional from academic institutions, pharmaceutical industries, health care indust

pieces. Successful companies know that some conflict can be healthy. But like a good piece of chocolate, it can quickly lose it’s appeal if eaten daily.

It would be great if team building happened o

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

n it’s own but that’s rarely the case. Set aside time for your executive team to get to know one another. Consider using cross-functional teams to solve business challenges. Acknowledge and reward t

.

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

am efforts.

If you start to incorporate some of these ideas into your organization you could find yourself walking into a room where you might receive a standing ovation. The sound you hear is not ap

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

Companies that provide selfless information through particip

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.diggit.org.ua/article/22984/diggit-Waiting-for-Things-to-Gel.html">Waiting for Things to Gel</a>

BB link (for phorums):
[url=http://www.diggit.org.ua/article/22984/diggit-Waiting-for-Things-to-Gel.html]Waiting for Things to Gel[/url]

One of the best items that you can give away during a trade show is a promotional pen. They are very popular at trade shows for a good reason - when people go to trade shows, they are inundated with papers, pamphlets and flyers, most of which get tossed into a pile back at the office, never to be looked at again. However, if you had out a promotional pen with your papers or pamphlets, your pen will likely be looked at again, and again by potential clients at the trade show, even when they are back in the office.

The other day a reporter call to interview me on the “Death of Customer Service”. My first reaction was to deny that charge and claim that customer service is very much alive and well. But upon further thought of the service I’ve received over the past few months and what others have related to me about their experiences, I had to admit that the quality and level of service has decreased. Upon further thought I realized that it has been on a decline for quite a while.

People tend to use “entrepreneur” and “business owner” interchangeably, but in reality these terms mean completely different things. This article will help you determine which one you are.

Tags

Links

Digg It - Waiting for Things to Gel

Related Articles: