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Advice Pool - Don't Get Caught In The Security Trap
The day you begin to think of your job in terms of the security versus the
opportunities it provides is the day you start to put the brakes on building your career.
Time was when a young person entering the wo
Time was when a young person entering the wo
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
rkforce could reasonably assume he
was signing a lifetime security covenant with his employer. If he worked hard and
kept its nose clean he could expect to be taken care of with a job for as long as he
coul
; 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
d show up for work. Promotions would come along as openings occurred.
There’d be a pension at retirement. It was a womb to tomb deal. Loyalty was a two-
way street.
The Rules Have Changed
Today’s headlines m
The Rules Have Changed
Today’s headlines m
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ake it clear that’s no longer the case, says Ramon Greenwood,
senior career counselor at Common Sense At Work.
Sears Roebuck, known for 119 years as a company that kept its employees’ loyalty with compensati
Sears Roebuck, known for 119 years as a company that kept its employees’ loyalty with compensati
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
n and benefits has recently announced the firing of 500 employees
at its headquarters. Another 1,000 are expected to get pink slips within a few
months. Workers who hang on can expect reduced levels of compen
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
sation and
benefits, the company says. Going forward, employment will be tied closely to
performance and company profits.
Changing the very nature of its business, IBM, a name synonymous with lifetime secu
Changing the very nature of its business, IBM, a name synonymous with lifetime secu
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
rity, has dismissed thousands of employees.
Stalwarts such as GM, United Airlines and Delta Airlines make news regularly with announcements of reductions or outright eliminations of jobs and pensions.
And the
Stalwarts such as GM, United Airlines and Delta Airlines make news regularly with announcements of reductions or outright eliminations of jobs and pensions.
And the
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 are Enron and WorldCom where employees have seen their employee
stock plans and pensions go in the trashcan when their employers’ violated the
terms of their relationship.
Employers Cannot Provide Security
Employers Cannot Provide Security
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
!
“The only one source of real, lasting security is when you have the know-what-to- do and how-to-get-it-done abilities that employers will buy. It’s in your mind and heart,” Greenwood declares.
When you beg
“The only one source of real, lasting security is when you have the know-what-to- do and how-to-get-it-done abilities that employers will buy. It’s in your mind and heart,” Greenwood declares.
When you beg
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
in to crave security and search for it from outside sources is the time
you restrict your range of options to take your skills and training to their limits in
search of personal satisfaction.
Your security i
Your security i
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
your responsibility.
If you succumb to its lure, security will eventually prove to be a debilitating, habit- forming drug. It will rob you of the will and the ability to act in your own self- interest.
This
If you succumb to its lure, security will eventually prove to be a debilitating, habit- forming drug. It will rob you of the will and the ability to act in your own self- interest.
This
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
is when you begin to make career decisions based on security rather than
opportunity to grow.
The organization offers you an opportunity to move to another location to become manager of a new facility. You d
The organization offers you an opportunity to move to another location to become manager of a new facility. You d
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
ecline because you are afraid you might fail in the
new responsibilities, and besides, you like the security of staying put and playing it
safe until you are vested in your pension.
You come up with an idea
You come up with an idea
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
that will improve the output of your department. Your
boss doesn’t think it is workable. You drop the idea because you are afraid if you
push it, the boss might penalize you. Besides you are comfortable with
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
hings the
way they are. Why rock the boat?
You have a good record as a salesman. You are offered a promotion to regional sales manager. You decline because you don’t want to take on the responsibility and
You have a good record as a salesman. You are offered a promotion to regional sales manager. You decline because you don’t want to take on the responsibility and
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
the increased travel.
A Frog In Hot Water
When you begin to get comfortable remember the frog. Put him in a pot of cool water over a flame. The frog will frolic about happy in the security of the environmen
A Frog In Hot Water
When you begin to get comfortable remember the frog. Put him in a pot of cool water over a flame. The frog will frolic about happy in the security of the environmen
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
t even as the water goes from cool to warm. How good it feels. He will
continue to adapt, swimming about contentedly, even as the water reaches a slow
boil. It is not until the water reaches the boiling point
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
that the frog recognizes he is
in serious trouble and tries to get out. By that time, his strength has been sapped
and it is too late.
A Lesson From Ancient Rome
In explaining the fall of the ancient city o
A Lesson From Ancient Rome
In explaining the fall of the ancient city o
.
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
f Rome, the historian Edward Gibbon wrote:
“In the end, more than they wanted freedom, they wanted security. They wanted a
comfortable life. And in their quest for it all—security, comfort and freedom—they
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
lost it all.”
It’s Your Choice
Seizing every opportunity to be all you can be and security are mutually exclusive. If you want security more than opportunity that’s fine, but remember there’s a price to pay
Seizing every opportunity to be all you can be and security are mutually exclusive. If you want security more than opportunity that’s fine, but remember there’s a price to pay
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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