Digg It - Business

Why do some teams perform well while others struggle? How can you assess how effectively your team is working now, and identify methods for improvemen

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

t?

Research shows that 85% of the reasons that teams of people succeed or struggle has more to do with interpersonal issues, than technical competence

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

Examples of combination products may in

But both are needed for effective teamwork.

Below please find a checklist you can use to identify the strengths and development needs of your own te

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

am:

1. Clear Goals

It’s very hard to get there if you don’t know where you’re going! And it’s very hard to accomplish your goals if you haven

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

t made them clear. Make sure there’s no question about your team’s purpose, function and objective.

2. Clear Roles and Responsibilities.

It’s

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

Combination pro

important that roles and responsibilities are clearly specified in order for people to be accountable for accomplishing their part of the team’s tasks.

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

Misunderstandings and conflicts frequently occur when roles and expectations are not clearly defined.

3. Information Sharing.

In order for t

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

e team to make the best decisions, each team member needs to be provided with relevant information. High performing teams don’t guard information… the

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

y share it freely.

4. Competent Team Members

Competent team members need to be placed in the right position. At times, a highly talented pers

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

n can be ill placed which can throw off the team functioning. Consider both the competency and placement of each individual team member.

5. Values

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

Diversity

We don’t all work the same way, or have the same styles. This can be a key source for interpersonal conflict. However, when teams lear

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

Following aspects would a

n to value each other’s differences they can leverage each other’s strengths. Team building exercises can help individuals to appreciate diversity and

dd to the challenges in developing combination products:

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

work together more effectively.

6. Creative Problem Solving When you value diversity of opinion, your team can be more adept at solving proble

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

ms. How effectively a team can generate new solutions, and focus on the end objective, will largely determine their success.

7. Flexibility H

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

gh performing teams check their progress periodically and adjust their course when needed. This is an important element for allowing them to become ad

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

pt at meeting the goals of their team.

8. Effective Conflict Resolution How teams resolve their conflicts can make or break them. Effective c

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

Professional from academic institutions, pharmaceutical industries, health care indust

onflict resolution skills that focus on the task at hand, not the individuals, helps teams move forward and redirect their focus toward positive outcom

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

s.

9. Effective Time Management How teams structure their meetings, and meet their deadlines, reflects on their effectiveness. Teams that man

.

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

age their meetings well encourage higher performance and the increased likelihood of accomplishing their objectives.

10. Good morale. Low turn

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

Companies that provide selfless information through particip

ver and longevity is a benchmark of good morale. A team that successfully values the individual as well as the team has the best likelihood of success

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.diggit.org.ua/article/45958/diggit-Checklist-for-High-Performing-Teams.html">Checklist for High Performing Teams</a>

BB link (for phorums):
[url=http://www.diggit.org.ua/article/45958/diggit-Checklist-for-High-Performing-Teams.html]Checklist for High Performing Teams[/url]

For many medium and large sized businesses, venture capital financing is one of the best options for funding their business. While small businesses and startup companies rely more on equity funding and loans, venture capital funding is also a good funding option for them.

YouTube is the perfect platform to launch these video and get the buzz going about your business. It’s a win-win: you're helping the world of young entrepreneurs by sharing information/educating and you're also helping to build a brand for yourself and your business at the same time. You can't lose. Marketing meets education!

Have you ever tried to clap for your audience, your clients, or for customers? What was their rection? You have not tried it. The time has come for you to do so because, to sell more and increase market share in these turbulent times, you have to reverse the than-you order by clapping for your audience, your customers. It is a unique marketing communications style that yields great results.

Tags

Links

Digg It - Checklist for High Performing Teams

Related Articles: