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E-Folder - Toss the Corporation Before It Tosses You
The days of 40-hour work weeks with benefit packages and retirement shares are quickly going the way of dinosaurs, phonograph records and VCR’s… and remember 8-track tapes? You see it at Home Depot, libraries, and grocery stores – self checkout lanes, and no help to be found in the aisles when you’re looking for a par 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 ticular size dress, or for the guy to cut your PVC plumbing pipe. Corporate America is changing, and the savvy are getting ready now to find their own way, whether on the books with their own business, or with one of the more off-the-book individual entrepreneurial responses to an over-taxed, under-personalized cultur ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in e. The resume mindset always asks what you can do, how much, how many, how long, and what titles you had while you were doing these things. Corporations are seldom interested in the individual, giving only lip service in the tiny box provided at the end for “hobbies and interests.” Truthfully, you know that corporat lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. ons are not looking for creative individuals, but only for those who can do more, faster to make the company money. It’s time to TOSS the Resume’. Your first step in preparing for the corporate downsizing movement is to know who you are. Rewrite your resume’ as if it were a “curriculum vitae” (the course of one’s li here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe fe). Write it for yourself. What are you really “good” at? Do you like to talk with people for extended periods of time? Do you spend a lot of time rearranging the furniture in your house, painting the walls, or cleaning everything in spotless detail? Do you love to spend hours weeding your garden, going through g d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro rdening catalogues choosing ancient seeds from seed banks? Do you really secretly love taking your kids to Disney Land, and planning great kid vacations? Do you spend endless days at the mall just shopping or window shopping? Do you collect anything? What do friends and family members joke and criticize you about? 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 This is what should go on your curriculum vitae. Who are you, really? Rethinking the corporate day, consider your typical routine. You get up to an alarm, get your shower; choose the corporate outfit; get the kids up, dressed and fed; drop them at school or the sitters; stop at the drive-up Starbucks window for you 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 morning latte and muffin; call on your cell phone to see if the dry cleaner is open yet; think over your day ahead; and you’re not even through the doors yet. You sit at your desk; check your email while you eat your breakfast (the muffin and latte); rush off to the meeting; then back to your desk to work on the five nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically new assignments taken out of the meeting; quickly dart into the restroom and grab a candy bar and coffee from the vending machine (or a donut that Jane has sitting in the box on her desk) on the way back; work through most of lunch except for 15 minutes to rush out to the dry cleaners which is now open; return to your 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 desk where you realize you’ve been here half the day and have only done 45 minutes of real productive work, and that was during the lunch hour; and you get the picture here. Then comes Friday afternoon, and the boss wants to see you in the office. “I hate to be the one to have to tell you this, but the company has de ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi cided to downsize, and….” Unlikely? Hardly! It happens every Friday in every city and town in America. The truest truism I’ve ever read says that your biggest risk is to stay in your safe, dependable corporate job. Yet, most of your friends and family are going to counsel you to do just that if you begin talking ab ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a out leaving or going into business for yourself. These play-it-safe voices are raised for your own good, or so they’ll tell you and so you’ll believe. But the risk in at least not having a plan is great in this day and age. The shakiest ground is at the level of the corporate environment. The scariest but least ris dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod y ground is going it on your own or with a partner or two. The scariest thing here is the thought that you have to do it on your own… alone. Nope! You do have to do it on your own, but never, never, ever alone. There may be people who will give or lend you money; offer certain abilities you don’t have; introduce yo cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin u to mentors or experts; teach you certain skills or information; allow you to use their space for free; lend you equipment; etc. But if you’re not clear who you are (step one, prepare your curriculum vitae), and if you’re not clear where you want to go, then it will be difficult to assess who and what you need. The tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen econd step in preparing for corporate downsizing is to prepare a plan. Your plan should be beyond checking the classifieds for a similar situation to that which you’ve just left. This might work as a temporary transition to moving into your own life to your own music. You could include it as one element to your plan 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 , but only as a temporary measure. It can buy you time; help you develop some savings or pay off current debts; or help you learn some needed skill. Knowing who you are and knowing where you want to go will get you nowhere until you actually (Gulp!) take some action on your plan. If you manage to get yourself this f ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust r, this might actually be the final and highest hurdle. You could scare yourself out of it, knowing internally that this one step will change your life forever (actually, it was step number one, preparing the curriculum vitae); or by listening to the play-it-safe voices of friends and family that have now taken up res y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products idence in your mind; or by looking at the final destination goal and seeing it as overwhelming to the extent of being impossible. Here’s where you need only remember, you’re simply preparing for an eventuality that you may never have or want to act upon. And in this thought, you can easily take that first step. Make . 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 it simple. Make it easy. Don’t scare yourself with something huge on the first day of action – well, unless you really believe in yourself that much! Take some books out of the library. Sign up for a local community college class for some particular skill or license you think you’ll need. Do some internet research elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip . The next step will come as you gather information. Remember, you are always in charge. You can slow it down or change your mind at any moment. But you’ll always have the knowledge of who you are and a possible plan for a day when you’ll quite possibly need to have it. That is miles ahead of what most people have 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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