Digg It - Business

"So much of what we call management consists in making it difficult for people to work." - Peter Drucker

Managing is often equated with contr

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

ols rather than leading and developing a business. The manager feels more comfortable and secure when they are able to put in strict controls on ever

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

Examples of combination products may in

ything that happens in a business organization. This is so especially of Senior Managements where the controls and directing becomes so severe that i

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

erodes any creative freedom for the middle managers to work towards achieving the goals set out for them.

Here are a few simple prescriptions to get

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 best out of your managers.

Avoid Centralizing Decision Making

This is perhaps one of the best ways to achieve totals control. You feel

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

Combination pro

y centralizing decision making you will be able to avoid wrong decisions. While this may be so to some extent who is to prevent your own wrong decisi

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

ons. Unless your managers are able to make mistakes and learn from them you will never be able to develop expertise through experience. Centralizing

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

decision making is also the surest method to kill your business growth.

Provide Working Space

The top management often entrust tasks and resp

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

onsibilities to their subordinate managers. More often than not any specific time frames which are comfortable to achieve the given responsibilities

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

r tasks are discussed. However in their anxiety or aggressiveness and sometimes over enthusiasm you start chasing your subordinate for action and re

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

sults. If you do it too soon and too often you are severely limited the working space of your managers. They may be spending more time in complying

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

Following aspects would a

with your commands rather than focusing on operational priorities and important tasks.

If you are not providing sufficient working space for your man

dd to the challenges in developing combination products:

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

gers you are surely heading towards disaster as important tasks may be getting neglected to escape from your frequent and aggressive follow ups.

L

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

isten to Your Managers

While experience is an asset it also makes one arrogant and conceited. Sometimes one tends to believe because he is the s

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

perior, he always right. The Boss Is Always Right principle looks good only on posters. It doesn’t work if you want to build a Professional organiza

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

tion.

Cultivate the ability to listen to the voice of your managers. Most times they know better as they are more familiar with the ground realities

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

Professional from academic institutions, pharmaceutical industries, health care indust

If you decide on their behalf and just issue orders, you will have clerks in the guise of managers as you have killed their initiative.

Don’t Ge

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

t Into Petty Details

Once broad goals and objectives are set with specific time frames and key results are outlined leave your managers to perfor

.

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

. If you get into too many details and meddle with the execution at every stage, you may be sure to mess up the entire process and ultimately the res

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

Companies that provide selfless information through particip

ults.

The key to managing effectively is to empower people across the management structure so that they feel part of the responsibility and ownership

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/23786/diggit-Empowering-Your-Manager.html">Empowering Your Manager</a>

BB link (for phorums):
[url=http://www.diggit.org.ua/article/23786/diggit-Empowering-Your-Manager.html]Empowering Your Manager[/url]

Many a guru has opined on the keys to business success. While everyone has an opinion, I am going to focus on a more practical step you can take that will make a big difference.

People send money because they're in the habit of sending money by mail. Charity is habit forming.

Call centers seek to challenge their practices, to employ new methods to get a comprehensive view of the performance metrics.

Tags

Links

Digg It - Empowering Your Manager

Related Articles: