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Strategic plans include marketing, sales and financial plans. Yet, just released research sugge

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

sts that most organizations are missing the boat because they fail to have a human capital disas

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

Examples of combination products may in

er plan.

What would happen to your company if tomorrow morning, 3 out of 4 of your employees ga

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

e notice? Would you consider this to be a disaster? If you knew ahead of time, would you have

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

onstructed a plan? Of course, you would! You would have a human capital disaster plan just like

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

Combination pro

the strategic plan that you have.

Did you know that a recent survey from the Society for Human

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

esource Management (SHRM), Yahoo HotJobs and Kronos, Inc. revealed that 75% of the current emplo

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

yed workforce is seeking to change jobs by the end of the year? Have you run to your strategic

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

lan yet?

If this isn't enough to make you run to your HR department, call all of your departmen

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

heads together, then consider that the retiring 75 million baby boomers will leave approximatel

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

30 million opened positions. And the bad news just does not stop with 1 out of 4 of your emplo

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

Following aspects would a

ees staying put.

Did you know that over 2 out of 3 of your employees (70%) are not fully engage

dd to the challenges in developing combination products:

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

according to another survey conducted by the Gallop Organization. When employees are not engag

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

d, this is a disaster because you are not realizing a full return on your investment. Also disen

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

gaged employees have higher rates of absenteeism and lower rates of productivity resulting in hi

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

her turnover costs.

Now is the time to assess the human capital within your

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

Professional from academic institutions, pharmaceutical industries, health care indust

f="http://www.processspecialist.com/organizations.htm">organization, construct a performance

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

management process, review the performance of your managers, revisit your current HR policies of

.

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

retention, retirement and recruitment. Failure to create a human capital disaster plan will lea

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

Companies that provide selfless information through particip

e your company vulnerable to the competition and ultimately leave you with an empty bank account

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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The main reason that you implement Six Sigma is to improve your overall bottom line. This article gives you insider tips on how to increase that ever-elusive ROI!

When utilizing this technique, you must first determine exactly what end result you are seeking. This will be the big commitment you ask for. You should then create several small and simple requests that are related to your ultimate request, making sure they can be easily satisfied. As the examples above demonstrate, taking these measures will greatly increase the likelihood that your ultimate request will be granted.

The U.S. Federal Government is the nation's largest provider of financial or monetary assistance for small businesses. Since 1953, the Small Business Administration (SBA) branch of the Federal government has helped many small ventures that have become household names today. The government considers small businesses very seriously.

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