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E-Folder - Strategic Planning Is About Workforce Management for Future Business Success
Workforce management news is not good for U.S. employers.
- Did you know that 40% of the U.S. workforce is nearing
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
retirement?
Did you know that by 2010, 64 million baby boomers will be retiring or close to retiring?
; 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
i>How will your company function with 4 out of every 10 of your employees not there tomorrow?
Did you know the cu
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
rrent replacement pool for these positions is about 10% smaller?
So what proactive workforce management
So what proactive workforce management
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
actions are you taking in anticipation of this obstacle that will dramatically affect your ability to achieve your desired
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
results?
Possibly, you saw the graying of your workforce and maybe was even hoping for that retirement day when you could
Possibly, you saw the graying of your workforce and maybe was even hoping for that retirement day when you could
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
reduce your labor costs. Unfortunately, you did not know that the potential labor pool was 10% smaller. This vital piece
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
of information could negate any savings that you had previously anticipated.
So what strategies have you implemented in a
So what strategies have you implemented in a
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
nticipation of this labor shortage?
- First, maybe it is time to review your current workforce and identify key in
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
dividuals. Key individuals are those who you know are directly responsible for increasing sales or indirectly responsible
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
for their behind the scenes efforts.
Then, make sure that key individuals are in each department within your orga
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
nization. This may be the time to learn if those nearing retirement are thinking of actually retiring. Also, now is the ti
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
me to review current workforce development and strengthen relationships with existing key employees who are not near retire
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
ment, but could jump ship.
Consider implementing an internship program to begin to build relationships with indiv
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
iduals who will shortly be entering the workforce.
Finally, include workforce management and workforce developmen
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
t as two critical success factors within your st
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
rategic plan as you plan to replace any retiring workers. This may require some innovation including ROI driven
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
get="_new" href="http://www.processspecialist.com/training-and-development.htm">people development (soft skills), recru
.
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
iting, job sharing and telecommuting.
Now that you know that the future workforce is going to be tight and the
Now that you know that the future workforce is going to be tight and the
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
refore highly competitive, you are now proactive and ahead of the curve instead of reactive and behind the infamous 8-Ball.
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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