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Just Other Articles - Who's More Important The CEO or Your Boss?
Tom works in a cubicle in the marketing department. Glenna runs machines in a factory. Jeff is out on the road selling most of the time.
All these people work for big companies with well-known CEOs. The business press trump
All these people work for big companies with well-known CEOs. The business press trump
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
ets the importance of CEOs and their innovative strategies. They rarely talk about the managers, first-line supervisors and sales managers down in the trenches.
If you work for a medium to large company you've probably got a
If you work for a medium to large company you've probably got a
; 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
CEO at the top of the organizational tree and a different boss you report to directly. To figure out which one is more important, answer the following questions along with me.
Which boss can make your day?
Tom's boss, Frank
Which boss can make your day?
Tom's boss, Frank
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
is a little moody. Actually, he's very moody. Tom and his colleagues joke that they really need a weather channel that will warn them of boss storms before they hit.
When Frank is in a bad mood, everybody seems to catch it
When Frank is in a bad mood, everybody seems to catch it
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
The same thing happens when Frank shows up in a good mood. As one of Tom's friends put it, "When it rains on Frank, we all get wet."
The CEO, on the other hand, has very little effect on Tom's day-to-day life. What about
The CEO, on the other hand, has very little effect on Tom's day-to-day life. What about
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ou? Does the CEO or your direct boss have more impact on your workday?
Which boss parcels out the rewards?
It's annual performance appraisal time at Glenna's factory, but she's not worried. Glenna likes her supervisor, Rick
Which boss parcels out the rewards?
It's annual performance appraisal time at Glenna's factory, but she's not worried. Glenna likes her supervisor, Rick
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
because he's constantly around her and the other workers, correcting performance that needs it, and praising good performance. There won't be any surprises on Glenna's review.
But she's still nervous. Rumor has it that the
But she's still nervous. Rumor has it that 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
CEO is going to limit merit raises this year.
She needs to ask Rick about that because, based on her work this last year, she expects to be at the top of the chart come raise time. But she's happy with the way Rick hands out
She needs to ask Rick about that because, based on her work this last year, she expects to be at the top of the chart come raise time. But she's happy with the way Rick hands out
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ther awards like desirable assignments so the factory will still be a great place to work no matter what the formal policy is on raises.
How is it for you? Who makes the decisions that affect your paycheck? Who's more impor
How is it for you? Who makes the decisions that affect your paycheck? Who's more impor
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
ant here, the CEO or your direct boss?
Who helps you succeed?
Laura has been Jeff's manager for just a couple of months, but it's made things different for him. His old boss was old school. He loved to catch people doing th
Who helps you succeed?
Laura has been Jeff's manager for just a couple of months, but it's made things different for him. His old boss was old school. He loved to catch people doing th
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
ngs wrong and point out all the things they needed to improve.
Laura is different. When she first took over, she met with Jeff and asked him what he wanted out of the job. Jeff said that he hoped to get picked for the Natio
Laura is different. When she first took over, she met with Jeff and asked him what he wanted out of the job. Jeff said that he hoped to get picked for the Natio
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
nal Accounts team. He and Laura mapped out a plan for Jeff to develop some of the skills he'll need.
She's also recommended Jeff for special temporary assignment to the National Accounts team. She and Jeff think that will i
She's also recommended Jeff for special temporary assignment to the National Accounts team. She and Jeff think that will i
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
crease his odds of getting a permanent slot on the team.
What's your situation? Does the CEO help you achieve your personal goals? Or is it your direct boss?
Whose name do your kids know?
This is a true litmus test. The
What's your situation? Does the CEO help you achieve your personal goals? Or is it your direct boss?
Whose name do your kids know?
This is a true litmus test. 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
dds are pretty good that your children don't know the name of the CEO of your company. The odds are also pretty good that they know your boss's name.
When Jeff Immelt, now the CEO of General Electric, was growing up his fath
When Jeff Immelt, now the CEO of General Electric, was growing up his fath
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
r worked on the line at GE. Immelt says he never knew who the CEO of GE was, but he always knew who his father worked for.
That's why Immelt and other savvy CEOs make it a point to remind the first line supervisors and middl
That's why Immelt and other savvy CEOs make it a point to remind the first line supervisors and middl
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
managers that they are the company to the people who work for them. Those savvy CEOs seem to understand how important the front line leaders are.
Who's got the biggest impact on profits?
If you read the business press, you'
Who's got the biggest impact on profits?
If you read the business press, you'
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
probably say it's the CEO. After all, it's the CEO who thinks up the grand strategy. But think about this.
The best strategy in the world is no good if it's not implemented. Years ago I worked with a company that had a gr
The best strategy in the world is no good if it's not implemented. Years ago I worked with a company that had a gr
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
nd strategy in three thick binders. The only manager I could ever find who used those binders used them to prop open a door.
But the company still made money. It made money because, despite the fact that an understanding of
But the company still made money. It made money because, despite the fact that an understanding of
.
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
the official strategy never made it beyond the executive suite, there were thousands of men and women out there every day selling and delivering service that made a difference to customers.
Every one of those men and women ha
Every one of those men and women ha
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
a direct boss who had an impact on what their day would be like; who parceled out the rewards and helped them succeed. That boss was the one whose name their kids knew and who helped them make a difference on the bottom line
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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