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Just Other Articles - How A Small Organization Can Develop It's Own Scorecard
What Is A Scorecard?
A scorecard is a tool that helps businesses, organizations, and governments monitor progress and track measurable outputs against their set goals, and objectives. It is a snapshot of where an organization stands at a given point in time against the overall goals.
Fiscal responsibility
A scorecard is a tool that helps businesses, organizations, and governments monitor progress and track measurable outputs against their set goals, and objectives. It is a snapshot of where an organization stands at a given point in time against the overall goals.
Fiscal responsibility
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
requires sound stewardship, not just making promises, but ensuring delivery, completion, performance and results. Scorecard encourages a result-oriented workforce, where programs, projects, and initiatives are managed professionally, and efficiently to achieve the expected results. When employees know that
; 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
the progress of the projects and tasks they are working on is being tracked and measured, it encourages productivity.
The United States Government, for instance, employs a 'President’s Management Agenda (PMA)' to measure the Government’s progress toward its goals. It uses the Executive Branch Management Sc
The United States Government, for instance, employs a 'President’s Management Agenda (PMA)' to measure the Government’s progress toward its goals. It uses the Executive Branch Management Sc
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
recard to track how well US departments and agencies are executing their initiatives towards that agenda.
Scorecard As An Essential Management Tool:
Scorecard is a useful management report because:
•It aligns the work program of an organization, ensuring that resources and efforts are not wasted on activ
Scorecard As An Essential Management Tool:
Scorecard is a useful management report because:
•It aligns the work program of an organization, ensuring that resources and efforts are not wasted on activ
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
ities and initiatives that are not related to the organization’s goals, and strategies.
•It presents a summary of where the organization stands on implementing its programs and projects, where either too-little efforts or too many efforts are currently expended.
•It provides useful feedback to staff and m
•It presents a summary of where the organization stands on implementing its programs and projects, where either too-little efforts or too many efforts are currently expended.
•It provides useful feedback to staff and m
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
nagement on progress, making it an essential decision-making tool for everyone in the organization.
•It helps to track overall performance of a project or program on a weekly, monthly, or quarterly basis.
Using A Deliverable Report As A Scorecard
A lot of small business owners sent me requests for inform
•It helps to track overall performance of a project or program on a weekly, monthly, or quarterly basis.
Using A Deliverable Report As A Scorecard
A lot of small business owners sent me requests for inform
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
tion based on a simple qualitative and improvised ‘Deliverable Report’ I developed in 2002 to track work programs. That scorecard model became very popular that I was getting an average of 5 emails a day requesting for more information on how to adapt it to various business situations and environments. At o
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
ne point a World Bank department adopted this model to monitor its work programs, and track their outputs.
The magic of this scorecard (which I called Deliverable Report) is that:
•It is not conventional, and therefore, does not require an MBA or college education to develop. Moreover, any person can rea
The magic of this scorecard (which I called Deliverable Report) is that:
•It is not conventional, and therefore, does not require an MBA or college education to develop. Moreover, any person can rea
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
and understand it.
•It combines both qualitative and competitive outputs, as against conventional ‘Balance Scorecards’ that are very quantitative.
•The outputs were easy to track, involved staff inputs and interaction. Therefore, it promoted dialogue and teamwork. Staff knew they were being measured with
•It combines both qualitative and competitive outputs, as against conventional ‘Balance Scorecards’ that are very quantitative.
•The outputs were easy to track, involved staff inputs and interaction. Therefore, it promoted dialogue and teamwork. Staff knew they were being measured with
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
ut feeling the usual tension associated with some automated scorecard systems that they are being monitored.
•It’s cheap, developed in-house, no system development, or special software involved, thereby saving costs.
How To Develop And Use The Deliverable Report:
The following steps can be employed to de
•It’s cheap, developed in-house, no system development, or special software involved, thereby saving costs.
How To Develop And Use The Deliverable Report:
The following steps can be employed to de
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
elop an in-house deliverable report. It can be readapted. The general idea is to set realistic goals for the year, develop expected outputs (deliverables) towards achieving the goals, track efforts (actual outputs) accomplished or a monthly or quarterly basis, and presenting it in a simple summary report.
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
Step1: The management team first set the goals and objectives the organization hopes to achieve during the fiscal year (FY) in consideration. It is important to ensure that the goals are in line with the organization’s overall plan and strategy.
Example of an objective: Reach a sales target of $2 Millio
Example of an objective: Reach a sales target of $2 Millio
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
at the end of the fiscal year.
Step 2: The CEO or Director will either sit one-on-one with each head of department or have a group management meeting to agree on a set of outputs expected from each department or unit for the fiscal year. It is important that these set of outputs are measurable (tangible)
Step 2: The CEO or Director will either sit one-on-one with each head of department or have a group management meeting to agree on a set of outputs expected from each department or unit for the fiscal year. It is important that these set of outputs are measurable (tangible)
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
Example of measurable outputs for the IT department:
IT Department:
•2 new databases (A distribution list, and a customer database) developed
•1 new website developed and maintained
•Link exchange with 300 relevant websites
•10 affiliate programs developed
Notice that all the delivera
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
bles have numbers (measurable outputs) attached. This numbers are what will be measured.
Step 3: Someone in the organization with a great interpersonal skill and good in Microsoft Excel is assigned the task of developing a simple Excel report (the Scorecard) to track the outputs and deliverables on a month
Step 3: Someone in the organization with a great interpersonal skill and good in Microsoft Excel is assigned the task of developing a simple Excel report (the Scorecard) to track the outputs and deliverables on a month
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
y or quarterly basis.
One simple method I encourage is to design a spreadsheet in Microsoft Excel, with five columns on top. Then divide the report into sections; each section representing a unit or department in the organization. The column headings will have the following titles:
1.Objectives: A specifi
One simple method I encourage is to design a spreadsheet in Microsoft Excel, with five columns on top. Then divide the report into sections; each section representing a unit or department in the organization. The column headings will have the following titles:
1.Objectives: A specifi
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
object set by the organization for the FY
2.Expected Outputs: Measurable outputs each department agrees to achieve towards the goal
3.Actual Outputs: The number of deliverables already achieved as at the date the report is generated)
4.Comment: A field to accommodate notes, explanations,
2.Expected Outputs: Measurable outputs each department agrees to achieve towards the goal
3.Actual Outputs: The number of deliverables already achieved as at the date the report is generated)
4.Comment: A field to accommodate notes, explanations,
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
status reports, or assumptions.
5.Remaining Output: The difference between the expected and actual output.
The title of the report should read something like:
‘The XYZ Deliverable Report As Of (date)’
Step 4: Each month or quarter, the assigned staff will go round and update the report with new fig
5.Remaining Output: The difference between the expected and actual output.
The title of the report should read something like:
‘The XYZ Deliverable Report As Of (date)’
Step 4: Each month or quarter, the assigned staff will go round and update the report with new fig
.
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
res. Final report is shown to all unit heads before submitting to the management. The Director or CEO can then discuss the reports with unit heads during management meetings.
A deliverable report should not be used to either allocate resources, witch-hunt staff, or chide under-performing employees but rath
A deliverable report should not be used to either allocate resources, witch-hunt staff, or chide under-performing employees but rath
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
r to encourage dialogue with staff on what is going wrong and what can be done better to realize corporate goals. If employees know that promotion or compensation is not tied to the report they will be more willing to report their efforts or outputs correctly, as well as accept criticism more constructively
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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