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You are here: Home > Business > Ethics > Tales from the Corporate Frontlines: Diversity And Success, In The Workplace |
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Just Other Articles - Tales from the Corporate Frontlines: Diversity And Success, In The Workplace
This article relates to the Diversity in the Workplace Competency, commonly evaluated in employee satisfaction surveys. This competency explores whether your organization provides understand 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 ing and supports interaction among diverse population groups while respecting individuals' personal values and ideas. Research shows that by fostering a climate where equity and mutual respe ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in ct are intrinsic, an organization can create a success-oriented, cooperative and caring work environment that draws intellectual strength and produces innovative solutions from the synergy o lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. its people. All businesses can benefit from a diverse body of talent bringing fresh ideas, perspectives, and views to the workplace. However, a diverse workforce means that the managers wi here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe thin your organization must be capable of capitalizing on the mixture of genders, cultural backgrounds, ages, and lifestyles present in your staff to respond to business opportunities more r d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro pidly and creatively. This short story, Diversity----and Success, in the Workplace, is part of AlphaMeasure's Compilation, Tales from the Corporate Frontlines. It illustrates how one manage 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 r recognized and used a diverse team to achieve the best possible work product for the company, and win new business as well. Anonymous Submission It was a project unlike any our sm 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 all ad agency had ever undertaken. A new client, selling a completely different product than we usually worked with. And our team had been awarded the opportunity to develop the perfect camp nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically ign and win the continued business of this new client. We all looked at our project manager, who was with us now for six whole months, like he had lost his mind. Why not team A? They had twi 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 ce the experience and were always the group chosen to woo new clients with their work. Surely they were a safer choice. Why risk the client on us? Our project manager patiently explained th ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi t out team had the required diversity for this project. If ever a project demanded workforce diversity---this was it. We looked around at each other, sure enough, we referred to ourselves as ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a the "odds and ends" we were all so different. Our writers and designers represented a mixture of newbie talent, on fire with ambition, more mature people on their second careers, and new hi dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod res who earned their stripes far away, in big city agencies. We worked okay together, but our projects so far were small cast offs from the senior teams. Yes, the project manager continued, cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin this campaign required a diversity that the more entrenched teams lacked. More of our members represented the target demographic, and the deadline demanded quick turnaround. That was one of tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen the reasons our company had landed the project. Times were tight and potential long-term clients were nothing to sneeze at. He was confident that if we pulled together, we'd achieve the best 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 possible outcome for everyone--- a brilliant campaign that would lure the new client onto our roster forever. Still thinking that he was crazy, we began our work. The entire process was ama ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust zing. Our brainstorming sessions produced several great concepts that we developed eagerly. The newbies provided smart, stylish slogans, while the latecomers worked overtime to combine them y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products with vibrant design. Our client loved it. So much so that our firm was awarded three more projects with the expectation that our team would do the required work. Yes, our project manager wa . 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 crazy. Crazy enough to go against the usual procedure and capitalize on the workforce diversity of our team to the benefit of the company. We succeeded ---with his guidance, of course. © 2 elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip 005 AlphaMeasure, Inc. - All Rights Reserved This article may be reprinted, provided it is published in its entirety, includes the author bio information, and all links remain active 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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