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Digg It - Leadership - Consistency
I have worked with many leaders who failed to recognize this truth. In fact, I am sure that there have been times throughout my career where I haven’t provided the leadership that my team req
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
uired.
The truth is that it’s easy to be a great leader when things are going well.
When sales are up, profits are growing and customers are happy it seems that you have all the right answer
The truth is that it’s easy to be a great leader when things are going well.
When sales are up, profits are growing and customers are happy it seems that you have all the right answer
; 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
. You lead inspirational staff meetings, remember to thank everyone for their effort, and confidently wear a smile at the office.
When things are going well, you tend to believe that you hav
When things are going well, you tend to believe that you hav
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
been blessed with a natural ability to inspire others and that being a great leader doesn’t require much effort.
Unfortunately, things don’t always go well.
Your best customers switch to th
Unfortunately, things don’t always go well.
Your best customers switch to th
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
competition. New sales stop pouring in. Productivity slows. Star employees leave. As a leader, the question is not whether or not these things will happen to your company, but rather, how
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ou will respond to these challenges.
Many leaders are a direct reflection of the company’s current situation. When things get tough, these leaders often get negative, lose focus and cancel r
Many leaders are a direct reflection of the company’s current situation. When things get tough, these leaders often get negative, lose focus and cancel r
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
gular commitments because they are “too busy” handling the current crisis. In this situation, the staff always knows the company is facing a serious challenge because the leader communicates
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
his stress and fear in everything he says and does.
One of the keys to being a great leader is to make sure that your attitude, demeanor and ability to inspire others doesn’t suffer when seri
One of the keys to being a great leader is to make sure that your attitude, demeanor and ability to inspire others doesn’t suffer when seri
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
us challenges arise. In other words, to be a truly great leader, you must be consistent no matter what the circumstances.
Your team must know that they can generally expect the same person to
Your team must know that they can generally expect the same person to
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
lead the company day in and day out. They won’t respond well in an environment characterized by huge swings in the atmosphere – whether positive or negative. Most employees want consistency
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
o that they clearly understand what is expected of them in any situation.
So, in the fast paced, pressure packed world of business today, how can you become a more consistent leader?
First,
So, in the fast paced, pressure packed world of business today, how can you become a more consistent leader?
First,
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
emember that it’s not going to be easy. Disciplining yourself to not allow the circumstances of each day overly influence how you lead will always be a big challenge.
In an effort to help wi
In an effort to help wi
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
h this challenge, keep the following lessons in mind:
1. Remember - business is a marathon, not a sprint. Nothing will happen in your business today that you won’t be able to handle. In add
1. Remember - business is a marathon, not a sprint. Nothing will happen in your business today that you won’t be able to handle. In add
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
tion, no matter how large the challenge, it will probably seem small when reflecting upon it in the future.
2. Set clear expectations. Make sure that your team understands that on a regular
2. Set clear expectations. Make sure that your team understands that on a regular
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
asis there are certain ground rules that will always be followed. (Examples include regular staff meetings, progress updates, office gatherings, etc.) Make sure that as their leader you alwa
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
s follow these ground rules.
3. Review your progress – At the end of every day ask yourself, “Was I a consistent leader today?” If the answer is “no” that is OK. Just make sure that you rec
3. Review your progress – At the end of every day ask yourself, “Was I a consistent leader today?” If the answer is “no” that is OK. Just make sure that you rec
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
gnize how you let your circumstances influence your behavior and learn from the experience. The key is to improve a little every day.
I know what you’re thinking – easier said than done. I
I know what you’re thinking – easier said than done. I
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ouldn’t possibly understand how crazy it gets at your company. You might be right – your company might be especially busy and out of control. But, it doesn’t matter.
Your main responsibility
Your main responsibility
.
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
as a leader is not to get more done on your own. You will not win a medal at the end of the year for putting in the most hours or extinguishing the most fires. Your main job is to guide and
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
nfluence the behavior of others. The key to being a great leader is to get more out of those you lead – not yourself. And one of the keys to doing this is to be consistent – every single day
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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