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Each year many people create a list of resolutions designed to help them improve their lives. As Business Leaders, we also need to take a look at our business lives and find ways to improve ourselves.

Here are 10 resolutions that will help our Business Leaders and

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

Managers move forward.

1. Line up the organizations goals with the goals of the customers (internal or external) Now is a good time to make sure that your goals and objectives for your organization are not only SMART (Specific, Measurable, Achievable, Realistic,

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

Examples of combination products may in

and Time Measured) but that they are the RIGHT goals for your organization. Your goals need to be in synch with both your customers needs and requirements, and your companies direction as well. Don't automatically assume that your goals are the right goals. Survey

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

our team members and customers to be 100% confident that your goals are advancing the companies goals as well.

2. Take a two-week vacation with no cell phone, no laptop, and no communications with the office. For some reason, real vacations have lost favor in the

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

last decade. A two-week vacation, away from the office, the cell phone, and your computer will refresh you in ways that you had not thought possible. You will return to the office with a fresh perspective, fresh vigor, and a new outlook that will charge up both you

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

Combination pro

and the people who work for you. One of the keys to a successful two-week vacation is not worrying about the office. And that means a strong "Second In Command" that will allow you to be away and not worry about what you will find when you return.

3. Identify a "S

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

econd In Command" and start training them. If you want to be promoted, you need to have your replacement by your side, visible at all levels, and ready to assume your role with no loss in momentum. Being a strong leader means developing a strong team, with quality

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

players all around you and no one is more important to that team than your "Second In Command". Having a strong team member ready to assume your role will not only make you promote able by demonstrating your eye for talent, but will also make your life easier by ha

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

ing someone that you can rely on and delegate significant decisions and work to. Do yourself a favor and find that strong "Second In Command" now!!

4. Read at least one book per month to sharpen your skills. The best way to stay on top of your game and to keep hav

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

ing fresh insights into your business is to continue to "sharpen the saw". Reading a 250 page book is reading 25 pages a day for 10 days. Surely you can make that type of personal investment in yourself. Investing in yourself is the best investment that you can eve

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

make.

5. Put together your own 5-year plan and then start working to make the plan a realityDo you have a 5 year plan for yourself? Or are you living your life day to day hoping that things will work out for you in the end. Success is how you define it, but to ac

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

Following aspects would a

hieve that success means focusing your time and efforts on the things that are most important to you. Start by clarifying your dream and then building a 5-year plan to achieve it.

6. Engage the creativity of your organization by encouraging productive debate. Deba

dd to the challenges in developing combination products:

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

te in an organization stimulates the thinking of every team member. Many people confuse tranquility in an organization with good teamwork. A team without debate is a team without a soul or deep convictions. Encourage your team to actively debate key issues to stimu

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

ate the best ideas.

7. Once each month, ask yourself the following question, "Why should the people working for me trust and believe in me?" Remember how important trust is to your organization and to your team. To be effective, rust must be constantly earned. Wha

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

t have you done to earn your employees trust?

8. Clearly differentiate between blame and accountability in your organization. We all learn from mistakes. But if mistakes in your organization are treated as a pariah where blame must be assigned and then weeded from

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

the organization then your people will never learn from their mistakes because they will never acknowledge any mistakes. Accountability means accepting responsibility for your actions, good or bad. Separate blame from accountability and encourage the thoughtful in

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

Professional from academic institutions, pharmaceutical industries, health care indust

rospection that goes along with personal growth.

9. Identify the "A" players in your organization and make sure they have long-term plans that meet THEIR needs. Remember to invest time with your "A" players because they are the key to your success. Investing time

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

with them meets not only your needs, but theirs as well. If you aren't thinking about what needs to be done for your best players, then you can expect to lose them. After all, they are your best players for a reason.

10. Say "Thank You" to all of the people who ar

.

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

making you successful. If you are successful in life, remember that you did not get there by yourself. Your staff, your boss, your co-workers, your family, your spouse all played a role in your success. Take the time to thank them for what they did for you.

And h

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

Companies that provide selfless information through particip

ere is one last resolution for you to consider. If you read this list and realize that you can't do these things on your own, consider hiring a coach for yourself. Coaching is an investment in yourself that pays dividends in both your personal and professional life

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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We all have a chair that designates a position in our career. For most of us the position, the responsibilities, the growth prospects and many such factors decide if we are happy in our seat?

As I awaken with the gift of yet another day and prepare for the tasks at hand, I offer up this most ardent prayer: A Rick Beneteau article sure to help your business.

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