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Cases - Why Leadership Skills Are Crucial To Developing Your Career Growth
Most professionals are constantly developing new skills – usually technical in nature. New technologies are constantly being developed and accomplished professionals have to continually learn to keep up with them. But does learning new technologies give you all that you need in order to advance your career, or are there some other skills that your organization will hig
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
hly value when it comes time for promotions?
Every organization must be competent at three behaviors in order for it to survive. It must have a reason for existing, be able to manage itself, and be able to lead. If any of these behaviors are missing, it will eventually collapse.
A Reason for Existing:
An organization must have a reason for existing – that is, a prod
Every organization must be competent at three behaviors in order for it to survive. It must have a reason for existing, be able to manage itself, and be able to lead. If any of these behaviors are missing, it will eventually collapse.
A Reason for Existing:
An organization must have a reason for existing – that is, a prod
; 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
ct or a service. If there is no product or service the organization will not have a commitment in its staff nor will it have any means to generate revenue. Without a commitment people will lose interest in it and without revenue it will collapse financially.
Examples of organizations that have no product or service include pyramid schemes. Pyramid schemes use the mon
Examples of organizations that have no product or service include pyramid schemes. Pyramid schemes use the mon
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ey being “invested” by new members to pay previous investors. The money is not being used to create a product or service that can be sold to create income. Eventually the scheme will run out of investment capital and there will be no means to generate revenue. The scheme will collapse and go bankrupt.
A similar situation occurred in the late 1990s with internet start
A similar situation occurred in the late 1990s with internet start
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
p companies. There were many companies that did not have a viable product but were highly valued by investors. There was a tremendous amount of money being invested in them which made them appear prosperous. The appearance of prosperity brought in more investment money. Just about everyone confused the market value of the company with its ability to generate revenue
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
and be profitable.
Eventually, in 1999, the investors did figure out that there was not going to be any revenue for many of these organizations. They withdrew their investments and many of the organizations collapsed.
Without a product or service an organization will not survive.
The Ability to Manage Itself:
An organization does not just have to provide a product o
Eventually, in 1999, the investors did figure out that there was not going to be any revenue for many of these organizations. They withdrew their investments and many of the organizations collapsed.
Without a product or service an organization will not survive.
The Ability to Manage Itself:
An organization does not just have to provide a product o
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
service but also make sure that it is providing it in an efficient and profitable manner. It does not make any sense if you are providing the most amazing product if at the same time you are losing money every time you sell it.
Organizations manage themselves through accounting procedures, manufacturing processes, and other policies. An organization that neglects the
Organizations manage themselves through accounting procedures, manufacturing processes, and other policies. An organization that neglects the
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
administration of its operations will most likely fail.
Numerous organizations have attempted to focus solely on the product and missed sight of proper management. Other companies such as Enron and MCI WorldCom have had a product but deliberately mismanaged their finances in order to deceive themselves and their investors.
Leadership:
Management and leadership are o
Numerous organizations have attempted to focus solely on the product and missed sight of proper management. Other companies such as Enron and MCI WorldCom have had a product but deliberately mismanaged their finances in order to deceive themselves and their investors.
Leadership:
Management and leadership are o
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ten thought of as being the same. Individuals are promoted to a management position and then have people who report to them. Now they have to lead. In fact they should be described as being promoted to a management/supervisor or management/leader position.
Policies and procedures are good for managing things but they do not motivate people. The ability to motivate or
Policies and procedures are good for managing things but they do not motivate people. The ability to motivate or
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
influence people to follow is leadership. It is often neglected because we confuse it with management. Many new managers are trained on how to create a budget but few are given training on how to inspire their team. Sadly they often end up trying to motivate their team through management principles.
Have you ever worked for an organization that tries to motivate its
Have you ever worked for an organization that tries to motivate its
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
employees by requiring them to account for every minute of their time (and is punitive towards those that are not 100% productive)? That approach really is not inspiring and will most likely produce poor results compared to an organization that effectively shares its purpose, values, and vision with its employees and helps them see how they benefit from it.
Speaking ab
Speaking ab
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
out purpose, values and visions, have you ever been involved with an organization that does not know its values, purpose or vision - A company where you can ask 5 different people why the organization exists and get 5 different answers. Such an organization is in trouble and needs a healthy does of leadership before it collapses in personnel issues.
It does not matter
It does not matter
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
ow large or small an organization is, it needs to be competent at all three behaviors. In fact organizations within larger organizations need all three.
For example, I once worked for a large telecommunications company. The purpose of this organization was to provide cellular communications to subscribers and to manage it profitably. The organization also had an exec
For example, I once worked for a large telecommunications company. The purpose of this organization was to provide cellular communications to subscribers and to manage it profitably. The organization also had an exec
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
utive leadership whose job it was to guide the organization towards that goal. They had all three behaviors.
I worked in the Information Systems department of that organization. We had our own purpose, to provide information processing services such as billing and accounting processes. We had our own management procedures such as project management and budgets and we
I worked in the Information Systems department of that organization. We had our own purpose, to provide information processing services such as billing and accounting processes. We had our own management procedures such as project management and budgets and we
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
had our own leadership.
Within the IS department I worked for a team that wrote fraud prevention software. Our purpose was different from the organizations that we were part of – but it was part of what was needed in order for them to achieve their purpose. Our management was distinct because it supported our distinct purpose. Finally our leadership was distinct as w
Within the IS department I worked for a team that wrote fraud prevention software. Our purpose was different from the organizations that we were part of – but it was part of what was needed in order for them to achieve their purpose. Our management was distinct because it supported our distinct purpose. Finally our leadership was distinct as w
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
ell. Without the leadership that we had our team would have been unmotivated and without direction – a clear recipe for failure.
But the need for these three behaviors does not stop just at teams and organizations, but goes on to individuals. An individual must have a purpose for existing (within the team), management and leadership as well. The leadership may be to
But the need for these three behaviors does not stop just at teams and organizations, but goes on to individuals. An individual must have a purpose for existing (within the team), management and leadership as well. The leadership may be to
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
otivate others or maybe just himself/herself. Either way, without it there will be a loss of direction and the product or service will suffer.
On many occasions I have witnessed technical professionals who are promoted when they have not had an opportunity to learn and develop leadership skills. They do not have the ability to motivate their new team. As a result the
On many occasions I have witnessed technical professionals who are promoted when they have not had an opportunity to learn and develop leadership skills. They do not have the ability to motivate their new team. As a result the
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
team suffers, the department suffers, and the organization ends up suffering. The team ends up losing its moral and direction. The staff becomes unmotivated because they ca not see the importance of their contribution. Usually the team gets reorganized and the newly promoted manager is moved on to somewhere else or moved out.
It is the smart professional who avoids
It is the smart professional who avoids
.
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
his and takes action in advance by learning the skills before they are required. By learning about leadership skills specifically you can benefit now by doing a better job of motivating yourself and those that you work with while preparing yourself so that you are ready when the next promotion becomes available.
It is not difficult to start building a foundation of ski
It is not difficult to start building a foundation of ski
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
lls that will give you the ability to effectively motivate. You can learn about the three attributes every leader needs to have in order to be effective at my website http://www.effectivelyspeaking.com/leadership/attributes.htm, You might want to have a look around while you are there and learn how you can Master the Art of Public Speaking.
Copyright © 2006 David Mudi
Copyright © 2006 David Mudi
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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