Advice Pool - Business

Let's examine the question “Do you want to select top candidates or top employees?” The answer would seem obvious but a surp

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

rising number of manager’s perform very poorly in this critical task.

Peter Drucker, one of America’s leading management gur

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

Examples of combination products may in

us has examined this and says, "Executives spend more time on managing people and people decisions than on anything else, and

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

they should. No other decisions are so long-lasting in their consequences or so difficult to unmake and yet, by and large, e

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

xecutives make poor promotion and staffing decisions. By all accounts, their batting average is no better than .333. At most

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

Combination pro

one-third of such decisions turn out right; one-third are minimally effective and one-third are outright failures. In no othe

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

r area of management would we put up with such miserable performance.”

One hiring expert reports “I see the pattern of poor

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

hiring far more than what would seem logical. In fact I am frequently flabbergasted by the poor hiring practices I have obser

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

ved.” He found some interesting facts that can cause this behavior. Research suggests the answer may be a missed point of foc

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

us. We are trying to find and hire top candidates rather than top employees. They are not the same.

In conversations with re

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

cruiters and employers across Canada, Tom Brennan compiled this list of the characteristics of top candidates and top employe

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

Following aspects would a

es:

Top candidates characteristics

• Good R?sum?
• Good Skills

dd to the challenges in developing combination products:

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

• On time for interview
• Prepared for interview
• Good communicator
• Enthusiastic
•

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

Great first impression
• Aggressive jobseeker
• Interested in you
• Interested in company
• Good

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

follow up

Top employees characteristics

• Highly motivated to work
• Competent
• Do More than required
• D

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

o not make excuses
• Anticipate problems
• Solve problems
• Take initiative
• Learn quickly
• Commit

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

Professional from academic institutions, pharmaceutical industries, health care indust

ted
• Focused
• Consistent
• Poised and confident
• Strong team player

Clearly the criteria of a top can

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

didate are different from a top employee. While both lists are critical, an employer needs an objective tool to bridge the ga

.

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

p and provide information to select the best employee. That tool is a validated pre employment employee assessment, modeled o

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

Companies that provide selfless information through particip

ff their top performers. This will help you hire the best employees who fit the job as compared to hiring the best candidates

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.advicepool.org.ua/article/12387/advicepool-Employers-are-Hiring-Good-Candidates-Not-Good-Employees.html">Employers are Hiring Good Candidates, Not Good Employees</a>

BB link (for phorums):
[url=http://www.advicepool.org.ua/article/12387/advicepool-Employers-are-Hiring-Good-Candidates-Not-Good-Employees.html]Employers are Hiring Good Candidates, Not Good Employees[/url]

In order to summarize the results of a business activity, each financial transaction must be recorded in a bookkeeping system. An entrepreneur has option to employee of bookkeeper in their organization or outsource the whole bookkeeping system to a professional firm. This article highlights the cost benefit analysis available with the entrepreneur in relation to maintenance of the books of accounts by a bookkeeper.

Do subliminal advertising techniques really work? They sure did for me. Here are a few of the best to use or watch out for.

All companies have similar basic issues. The have to consider how they are perceived by clients, the public, prospective customers and their competition. Marketing materials define this perception. Marketing materials include business cards, promotional brochures, even broadcast commercials. It is important that the defining image of the business, the logo, has style, elegance and impact.

Tags

Links

Advice Pool - Employers are Hiring Good Candidates, Not Good Employees

Related Articles: