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Just Other Articles - Adult ADD: Business Has to Include Trust
Do you have delegation-itis? It is a control type of a fear that makes people with ADD think, How do I delegate something that I don't' know how to do? How do I tell somebody what I want when I don't get i
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
t?
Okay. So let us ask you this: Do you know who Jack Welch is?
Jack Welch was the president of GE for many, many years and years. He did a turnaround, he build that corporation globally, he's written
Okay. So let us ask you this: Do you know who Jack Welch is?
Jack Welch was the president of GE for many, many years and years. He did a turnaround, he build that corporation globally, he's written
; 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
everal books on leadership and winning. Now he's the head honcho of his organization. Do you think that he knows how to get postage in the postage meter in the mailroom? Probably not, right? Do you think
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
hat if he needs to get postage in the postage meter in the mailroom that he can get it done without having to do it himself?
Of course he can. Right? So it's the exact same thing that needs to happen wit
Of course he can. Right? So it's the exact same thing that needs to happen wit
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
you and your business. Now this requires a little bit of a flip-around of thinking. Because as entrepreneurs our biggest fear is losing control, and this is especially true, if you have ADD. so there ar
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
a couple of things that need to be put into place so that you can hire people that are smarter than you are about doing the things that you don't like to do, and giving you the end result that you need.
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
o, if Jack Welch walks down to the mailroom and says, "Mail this," does he really care how many people have to touch it and how the postage gets into the meter and whether it goes out at the 2 p. m. or 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
4:00 p.m. run, or whatever? All he really cares about its that the recipient is going to receive the mail. Correct?
Of course! So the question then becomes, "How do you do this in your business?" The hin
Of course! So the question then becomes, "How do you do this in your business?" The hin
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
e point of failure for 99.9 percent of all businesses out there is the owners' inability to get out of the way and let the business grow.
Now, here's the thing. Some 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
Now, here's the thing. Some 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
om/" target="_blank">ADD people like to know all the inner workings of things, because they enjoy knowing. But usually they aren't as interested in the inner working of things that sends them into ADD b
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
redom. So, you might see some ADD people interested in building web pages, for instance, but you may never see the same people try to figure out how QuickBooks runs a report. They don't care now that happe
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
s; they just want to know if they have money in their accounts. So they need to hire people that are smart with QuickBooks, and tell them what they want the end result to be.
What builds your million-doll
What builds your million-doll
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
r company is laying it out so that people know what they need for success.
Now here's the other part: the control part, and this is big with most ADD folks. Well here's the thing: Think a little like the
Now here's the other part: the control part, and this is big with most ADD folks. Well here's the thing: Think a little like the
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
evil's advocate.
What if that key person, in this example let's say a finance person, decides to quit tomorrow or has a death or a debilitating injury or basically can't do the job? That's what causes mos
What if that key person, in this example let's say a finance person, decides to quit tomorrow or has a death or a debilitating injury or basically can't do the job? That's what causes mos
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
t ADD people to just absolutely clutch. So here was the rest of the instruction that you should give. Say, "I would like you to document every step of the process--how we make deposits, how we run reports
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
what you need to send to me and when, who you speak with to get the information, how you do the reconciliation," and so on, every step of the way. That way, if you lose your key people, you'll know how th
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
finance department runs.
The truth is that people leave, and you have to be able to run your company, regardless of who is there and who isn't. That may sound kind of ruthless, but it's not meant to be th
The truth is that people leave, and you have to be able to run your company, regardless of who is there and who isn't. That may sound kind of ruthless, but it's not meant to be th
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
t way. You really hope that people are groomed and just stay forever, and hopefully they will. And if they don't, you cannot run your entire life on a hope and a prayer that somebody will be there tomorrow
.
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
You have to be able to have a way to consult the manual and figure it out.
So as you're working through your business delegating things that you don't fully understand to other people, don't let it send
So as you're working through your business delegating things that you don't fully understand to other people, don't let it send
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
our ADD brain spiraling. When you get something that works, write it down. And the cool part is that you can delegate the documentation, too. It's not just an ADD-friendly solution; it's just good business
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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