Advice Pool - Self Improvement

Leadership development should include time management skills. With less people doing more things due to downsizing, out sizing a

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

nd right sizing along with the impact of technology, leveraging your time management skills will help you shine as a leader with

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

Examples of combination products may in

n your department, your company and even your own family.

Have you ever placed a dollar value to your time management? Conside

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

, that each day you receive $86,400 in your leadership time bank account. As each second ticks by, your daily account is reduce

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

another dollar. So your challenge as a leader is to maximize each invested dollar because once it is gone, it is gone.

As a b

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

Combination pro

siness coach, I have discovered that most of my clients have time management problems. These problems are usually married to the

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

ir inability to consistently set and achieve their goals within their strategic plans. In today's hectic world, the individuals

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

must develop their time management skills to be effective leaders.

When leaders can connect their time management to the bottom

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

line or the results, then this creates sustainability. To help the continual achievement of goals requires the application of w

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

at I call the WAY SMART goal setting criteria. The SMART criteria have been around for many years.

Specific

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

i>Measurable

Attainable

Realistically set high – stretch

Target date, time driven

How

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

Following aspects would a

ever if these criteria were truly all that were needed, more people would consistently plan, set and achieve their goals.

dd to the challenges in developing combination products:

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

get="_new"href="http://EzineArticles.com/?id=562966">Leadership development would not be the number one solution being sough

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

by corporations through business coaches and executive coaches. Within my business coaching practice, I have amended the SMART

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

oal criteria to include WAY.

Written
Aligned
Yours

Leaders must commit their goals t

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

writing. This simple act brings clarity of thought. Next goals must be aligned to the ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

es.com/?id=449942">strategic plan to ensure cohesiveness and this promotes working smarter not harder. Finally, goals must

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

e yours for human motivation is diminished when we try to achieve goals that have been dictated to us by someone else.

If leade

.

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

ship development is a part of your strategic plan, then make sure you include time management within that plan. Remember, each

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

Companies that provide selfless information through particip

ay you are investing $86,400 in each individual and how they use those dollars as a leader must be connected to your bottom line

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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