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Digg It - Top Consultant Says: Great Compensation Beats Great Management Time & Again!
You can throw out most of the management ideas you find in colleges, graduate schools, company training programs, and the like if you’ll do just one
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
, incredibly simple thing:
PAY YOUR PEOPLE EXCEPTIONALLY WELL.
Management advocates have it backwards, you see.
Their pet saying is that the art
PAY YOUR PEOPLE EXCEPTIONALLY WELL.
Management advocates have it backwards, you see.
Their pet saying is that the art
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
f management is getting average people to perform exceptionally well.
What they leave off is a small tag line. Let me provide you with the entire p
What they leave off is a small tag line. Let me provide you with the entire p
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
hrase:
“The art of management is getting average people to perform exceptionally well, without paying them anything extra for their productivity.”
“The art of management is getting average people to perform exceptionally well, without paying them anything extra for their productivity.”
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
That’s truly the tacit definition of a good manager, and most of the industrial psychology, job engineering, and yes, management consulting during t
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
e past 80 years has been dedicated to this goal.
“Make us more money without making us spend more money.”
But, alas, human nature and life itself
“Make us more money without making us spend more money.”
But, alas, human nature and life itself
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
don’t work that way—for long, or without unleashing counter-forces such as unions, restrictive legislation, workers compensation claims, and lawsuit
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
.
Somehow, business owners think it’s “cheating” or “dumb” or self-defeating to pay people exceptionally well. They’d prefer to be clever, to inves
Somehow, business owners think it’s “cheating” or “dumb” or self-defeating to pay people exceptionally well. They’d prefer to be clever, to inves
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
t in labor saving technologies, to cut out the human touch everywhere they can, instead of handing over living, and indeed, prospering wages.
But r
But r
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
call, if you will, that practical experiment undertaken by Henry Ford, by no means a soft touch.
Ford invented the “$5 Day.”
To attract and recrui
Ford invented the “$5 Day.”
To attract and recrui
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
the very best laborers in America to work on his modern assembly lines he offered that astonishingly high wage. From what I understand, this more t
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
han doubled the prevailing rates.
People thought Ford was crazy, and I’m sure he was vilified by his fellow captains of industry.
But his move pai
People thought Ford was crazy, and I’m sure he was vilified by his fellow captains of industry.
But his move pai
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
off. He did get the best available people to work for him, and together, they made very, very good money.
From time to time there have been compan
From time to time there have been compan
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
ies that have raised pay substantially, through salaries, profit-sharing, stock options, attractive retirement packages, and the like. And quite oft
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
n, they’ve reaped a reward from their employees, by way of output and loyalty.
But nothing is as direct or as motivating as more money in that pay
But nothing is as direct or as motivating as more money in that pay
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
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
nvelope.
Most of the silly stuff you hear about today, such as RESISTANCE TO CHANGE is easily overcome when we align people’s interests and commit
Most of the silly stuff you hear about today, such as RESISTANCE TO CHANGE is easily overcome when we align people’s interests and commit
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
to sharing the goodies, all around.
Workers that are accused of being change-haters suspect, or actually know, that the “new and improved” work pro
Workers that are accused of being change-haters suspect, or actually know, that the “new and improved” work pro
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
esses that are often mandated by management result in money being removed from their pockets, through downsizing, job enlargement, team-building, an
.
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
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
d other devices.
Are you going to willingly support something that will make you work harder, longer, and for less?
“How can we pay people MORE?”
Are you going to willingly support something that will make you work harder, longer, and for less?
“How can we pay people MORE?”
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
hould be the question.
Answer that, and people will manage themselves and their peers, because they’ll be only too happy to keep a good thing going
Answer that, and people will manage themselves and their peers, because they’ll be only too happy to keep a good thing going
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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