Digg It - Business

Following on from the last edition of The Organised Times where we spoke about developing the people in your business, this week we're focussing on the importance of the continual development of your manager

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

s.

Leadership comes from the top down. Poor management skills is the cause of most employee dissatisfaction and results in their poor performance.

The following article by Nathan Chanesman from My Profile

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

Examples of combination products may in

is worthwhile reading:

Poor management skills lead to poor employee performance

It's disheartening to read that poor management skills is the cause of most business dissatisfaction. You'd think that with a

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

ll the training and investment that has gone into this topic that we'd learnt by now to get it right.

Employees have lost trust in the companies they work for Kelly Services Survey published in October last

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

year indicated that 47% of Australian employees believe "that companies do not have their best interests at heart".

Dissatisfaction seems to be the order of the day. 50% of Australia's workforce want to qui

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

Combination pro

t it's job and nearly 40% reported that they often "woke up in the morning not willing to face the day".

SEEK, the online job board survey of October 2003 reported that 75% of employees questioned are not h

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

appy with their current job.

Asked what they liked most about their job 51% said "the people I work with". And what did they hate most? 60% said "the quality of management". Not surprising, dissatisfaction

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

ith management increased as people got older.

The Solutions

Get Profiled

Visit www.myprofile.com.au They'll help you find the right person for the j

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

ob, and help you understand yourself and your employees and how you can work together as a cohesive team to achieve your business vision and goals.

360 degree Pirihi Productivity Profile

Discover how effec

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

tive a leader you believe yourself to be and receive feedback from your people stating how they see you. This can be a real eye-opener and extremely beneficial.

You'll be able to utilise that feedback and i

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

areas requiring attention, we can help you become the best you can be. Email lorraine@office-organiser.com.au for more details or see our special offer

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

Following aspects would a

below.

Ask for direct feedback from your people.

This can work however it may also be very confronting and you may not get the real truth. Often people will not voice how they really feel for fear of reper

dd to the challenges in developing combination products:

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

cussions or because they know that whatever they say will fall on deaf ears!

Get coached

A good coach will help you enhance your skills to be the best you can be. Ensure whoever you use is external to the

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

business. We can also help you in that area. Just send us an email lorraine@office-organiser.com.au for more details.

Be Aware

Take a look around you.

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

re your people happy? Do they enjoy coming to work? When you speak to them are they generally positive or negative in their responses? Is there a high turnover of staff or is your team stable? Consider the a

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

bsenteeism rate. Are your people often away from work? These are a few questions to ask yourself.

Encourage regular feedback from your people. Ask them individually and as a group what they think & how can

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

Professional from academic institutions, pharmaceutical industries, health care indust

you be a better manager? What can be improved? What do they like about their work, the people, the industry, the management etc.

You can also choose to do nothing, which is not a good option. Don't wait unt

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

l a crisis occurs.

A business owner I know said everything was fine. He said his staff were happy although he never did anything to pro-actively ensure they were. His perception was that he believed all was

.

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

well because no-one complained. He only acted if a problem was brought to his attention. One week, three of his key people resigned. They had enough of the owner's poor leadership skills. The loss of those

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

Companies that provide selfless information through particip

people nearly brought the business down.

So stay on top of things, be proactive, ask questions and take nothing for granted.

The success of any business is a reflection of its leadership. Lead from the top

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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Creating a Nevada Corporation, for the purpose of saving on taxes may eventually cause legal implications resulting to being taxed by their mother states just the same. It is in the interest of other states to review procedures to make sure that taxes due to them are being collected.

Branding is one of the most visible concepts in today's marketing world. Everything is about branding - literally. Your company's brand is more than its name or its logo. It's an amalgam of everything that's visible about your company. Your brand reputation used to be an organic thing, something that grew out of your interactions with your customers and the public. These days, brand image is far more likely to be manufactured than it is to grow naturally.

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