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You are here: Home > Business > Management > The Seven C's: Partnership Danger Signs - The 5th C: Control Issues |
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Digg It - The Seven C's: Partnership Danger Signs - The 5th C: Control Issues
A series of articles exploring the seven critical areas that can indicate a partnership is in trouble. The 5th C: Control Issues When control is in the picture it is a lose/lose proposition. First, it is an illusion that anyone can control a person or 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 a situation. The need to control is born of fear, lack of trust and insecurity. A person who feels it is necessary to control is robbed of a sense of well being. In business, control or the attempt to control can occur in many venues. The attempt to cont ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in ol can go on at the top between partners or anywhere else in the organization where two or more people work together. It may be between a group of managers, or between a CEO and direct report. It can be a manager and the team for whom he or she is respons lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. ble. It might be an owner CEO and stock holders, or a member of the board of directors. Family members such as siblings often attempt to control each other, or a father hands the business to his son, but won't let go of the reins. When someone attempts t here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe control, they expend enormous mental and emotional energy to hold things within boundaries. Controlling behavior is constrictive and confining. It takes its toll on one's ability to function in a healthy, stress free and creative manner. In business whe d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro re the desirable goals are growth, expansion and creativity, this constricting behavior imposes the loss of these elements and seriously affects the bottom line. Here are some ways in which this loss is manifested: 7 WAYS CONTROLLING BEHAVIOR EFFECTS THE 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 BOTTOM LINE
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 around turnover such as costs for advertising, loss of the revenue until a new person is hired, trained and moved up to the level of the prior person, as well as a compensation package. There are higher taxes for Workman's Compensation when a business has nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically employees leaving. 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 the atmosphere by controlling behavior An example of controlling behavior is Lance, who was promoted to manager of a department in the bank where his expert financial skills earned him recognition. However, no one thought about or realized his pe ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi ple skills were not developed. He had never had any training in how to be a manager. Now faced with his new challenge his previous level of self confidence diminished to zero. But since he didn't want anyone to know it, he remained hidden a lot in his off ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a ce, didn't interact in a personal way with his team members, and micro-managed them by requiring them to get his ok on everything they did, even ordering paper clips. The result was a demoralized, low functioning team made up of disgruntled members who fe dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod t devalued and lacked motivation to be creative and productive. This type of control, as in all controlling behavior, besides debilitating to the individuals involved, negatively affects the bottom line of the business. It is more cost effective not to p cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin lace people in positions requiring skills and talents beyond their present level. A more positive solution would be to offer the candidate for promotion the opportunity for personal development through coaching. When partnerships are made up of family me tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen bers it is even more pronounced. For example, older siblings may boss younger ones. They may diminish, victimize, browbeat, threaten or protect. Younger ones may be defiant or fall victim. Obviously, not only their relationship but the business and all o 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 those involved in it will pay the price. How To Stop Controlling Behavior
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