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E-Folder - Five Keys to Unlocking Your Golden Shackles
After years of success, you may find that your current job is not as
satisfying as it once was. Usually, this realization doesn't come
overnight. Like termites gnawing a piece of timber, the process may take
months for you to notice.
Maybe you now know, after what seems to ha
Maybe you now know, after what seems to ha
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
ve been an eternity of effort,
that you will no longer be CEO of your organization. But instead of
seeing the writing on the wall and deciding to make a change, you decide
to stay inside your comfort zone rather than succumbing to the voices of
discontent within you.
Consider
Consider
; 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
my two neighbors. One had been a successful insurance salesman,
but his company had been rocked by a scandal, his morale was low and he
tired of doing the same old thing. He longed to join a high-tech
company, maybe to sell computer software, but he didn't even know the
diffe
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ence between Windows 98 and 98 windows.
The other neighbor was the manager of a local bank branch. Within a short period of time, the bank had been through three mergers. With each change, a new sign was erected over the bank, branches were closed and employees were laid off.
The other neighbor was the manager of a local bank branch. Within a short period of time, the bank had been through three mergers. With each change, a new sign was erected over the bank, branches were closed and employees were laid off.
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
He didn't have much hope of staying employed in
his industry for the next three decades, his remaining working years.
Neither was happily employed. However, neither acted on this knowledge because of the "golden shackles" keeping them in place. What were their golden shackle
Neither was happily employed. However, neither acted on this knowledge because of the "golden shackles" keeping them in place. What were their golden shackle
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
s? They had fallen into the financial traps that accompany
"success:" mortgages on nice homes, children to put through college and
payments for cars that befit their positions.
For both of my neighbors, all they had known were these industries. They had been successful and ha
For both of my neighbors, all they had known were these industries. They had been successful and ha
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
established themselves in their careers and in
their community.
If they were still in their 20s, they could change positions quite easily. But, at middle age, the prospect of beginning again in a new industry, both in status and in earnings, was painful. On the other hand, ri
If they were still in their 20s, they could change positions quite easily. But, at middle age, the prospect of beginning again in a new industry, both in status and in earnings, was painful. On the other hand, ri
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
ing
the gravy train into retirement didn't seem a likely possibility.
Are you in a position similar to my neighbors? Here are five steps to help you remove the golden shackles that may keep you stuck in an unsatisfying or insecure job:
1) Do lunch. Invite out professionals i
Are you in a position similar to my neighbors? Here are five steps to help you remove the golden shackles that may keep you stuck in an unsatisfying or insecure job:
1) Do lunch. Invite out professionals i
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
your target industry. Don't ask
for a job, just ask for advice. (Everybody is flattered to have someone
ask for his or her advice.) Find out what happens in a typical day. Ask
your lunch mate, If you had to do it all over again, would you? Maybe
you'd find that the job is
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
not as desirable or glamorous as you might
think otherwise. On the other hand, informational interviews may help you
to make contact with potential hiring managers.
The neighbor in banking decided he wanted to be a brand manager, so he had lunch separately with several assist
The neighbor in banking decided he wanted to be a brand manager, so he had lunch separately with several assist
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
nt brand managers with a nearby
consumer products company. Because the company believed in the Southwest
Airlines hiring philosophy of hire for attitude and train the skills and
impressed by his initiative and transferable skills, they recommended him
to their boss, who hired
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
im.
The play Six Degrees of Separation is based on the premise that we are only six or fewer people away from meeting anyone in the world. Put this theory to work and ask yourself, Whom do I know who can help me?
2) Take classes. The neighbor who wanted to work in high-tech e
The play Six Degrees of Separation is based on the premise that we are only six or fewer people away from meeting anyone in the world. Put this theory to work and ask yourself, Whom do I know who can help me?
2) Take classes. The neighbor who wanted to work in high-tech e
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
rolled in
seminar and evening computer classes. This helped him in in two ways.
First, he was able to learn about the industry and its jargon (every
industry has its own jargon). Second, he was able to show prospective
employers just how serious he was about his career change
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
.
3) Join an industry association. Go to your library and research Gale Research's Encyclopedia of Associations. In this resource, you will find groups for just about every professional endeavor, from the Association of Celebrity Personal Assistants to the Zebra Breed
3) Join an industry association. Go to your library and research Gale Research's Encyclopedia of Associations. In this resource, you will find groups for just about every professional endeavor, from the Association of Celebrity Personal Assistants to the Zebra Breed
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
rs Association. Members
are more likely to be upper-level managers who could positively influence
your career, rather than entry-level.
4) Postpone new debt and other financial obligations. Stay both physically and fiscally lean and mean. Don't buy a new home or car to take
4) Postpone new debt and other financial obligations. Stay both physically and fiscally lean and mean. Don't buy a new home or car to take
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
you away from thinking about your dissatisfaction at work. If you
are flexible financially and a new opportunity that may initially pay less
or require a move comes along, you'll be more ready to take advantage of
it.
5) Work part-time or even volunteer. Years ago, I worked d
5) Work part-time or even volunteer. Years ago, I worked d
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
ys at a
technical job in front of a computer screen, then sold jewelry at night in
a department store. Being single in a new city, I thought rather than sit
alone in my apartment or hang out in the local bar in the evenings, this
would be a great way to meet people. Much to m
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
y surprise, I found that
because I liked the interaction of sales rather than the solitary nature
of IT work, I decided to make sales my career. Working part-time is a low
risk way to dip your toe in the water, build contacts and test a new
industry.
A career change can be sc
A career change can be sc
.
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
ry when you're moving into middle age and
feeling, at least on the surface, comfortable. Initially, you may even
fail at a new endeavor. But you may also say to yourself, I only wish I
had done this sooner.
Studies of people on their deathbed reveal an interesting fact. When
Studies of people on their deathbed reveal an interesting fact. When
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
asked, Do you have any regrets about your life? their answers fall into
two categories: I wish that I had taken a risk with a particular
relationship. and I wish I had taken a risk with a business
opportunity.
Nobody ever answers, Gee, I wish I would have just played it safe
Nobody ever answers, Gee, I wish I would have just played it safe
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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