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Team building takes work but the results are worth it. The essential ingredient is time and patience.

If you really want to build a team that will achieve o

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

utstanding results you can.

The Hype

Over the years team work has been the flavor of the day with many businesses spending considerable money in trying to

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

Examples of combination products may in

chieve a positive and harmonious team structure.

Some have found the results they looked for but many have not.

Why is this so?

Team building has a number

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

of foundation building blocks that are essential for a team to function.

Commitment of the Manager or Owner

Some managers and owners get excited about tea

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

possibilities only to weary over time where the pressures of business and day to day life grind them down.

Your commitment by way of your action and time a

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

Combination pro

re critical to your team’s success.

Time

It takes time to build teams. Trust and respect need to be earnt and there are no short cuts. Make a decision to p

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

y the cost and demonstrate your commitment.

Patience

Life sometimes throws us a curve ball and not all of our plans go according to the script.

Make a com

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

mitment to be patient and as long as you see incremental progress realize progress is progress.

Celebrate Success and do not condemn failures

Learn to cele

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

rate your successes as a team as you go along and learn from failure. Failure is a fantastic teacher if you look at it that way. If you own the business or a

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

re a manager realize that you are particularly under scrutiny of your team more so when failure occurs.

Your reaction to change and failure will ultimately

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

etermine the amount of buy in you achieve from your team.

Learn to Delegate

As business owners we are sometimes afraid to delegate. Start with small things

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

Following aspects would a

and as your team gets confidence and does the right thing increase the responsibility.

Be quick to learn

Be quick to learn from each other. The most unlik

dd to the challenges in developing combination products:

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

ly team member may be sitting on the very edge you have been looking for in your business.

Listen

Many managers and employees are terrible listeners. Learn

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

to hear what people are really saying and don't devalue their contributions.

Encouragement

It has been reported that children need 7 compliments to counte

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

act 1 negative statement.

How much more important then is it to encourage your team. Anyone can condemn however a good manager and team member knows how to

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

give genuine encouragement. Show genuine interest.

An Example

Before starting Biz Momentum I once took over an organisation that was almost beyond repair.

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

Professional from academic institutions, pharmaceutical industries, health care indust

y applying these principals by listening and resourcing employees I took the company from a damaging loss to a substantial profit within 1 year. This was a c

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

omplex business with complex people and serious mistrust issues.

The cost to me was emotional commitment to change and to listen - it worked.

I was subsequ

.

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

ntly summoned overseas to report to the main shareholder who wanted to know how this was done so quickly. The answer is easy, the application harder the ques

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

Companies that provide selfless information through particip

tion is will you pay the price.

Visit www.biz-momentum.com for more information. You can do it - apply some of these principles and you will achieve result

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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Change Management problems at the executive level are fascinating but should never be unexpected. Why you ask? Well humans do not like change, they always move for the status quo over change when allowed to choose. Unfortunately, change is a universal constant and it will forever have to be dealt with in all aspects of the life experience you see? Change Management and the Psychology of Change needs to be considered when discussing these issues in Modern Day Corporations.

Is commitment something you gain on the way, or do you need it right from the start?

Loyalty has to begin before you attract the new customer or client. The same rules that apply to keeping customers must be firmly in place to attract your perfect customer in the first place. In another article we discussed the first four; Competence, Innovation, Communication and Customer Service. Here are the final five.

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