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One of the most uncomfortable actions in business is the termination of an employee. When an employee is te

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

rminated, there is pain for each party involved. Many people postpone the inevitable termination and this o

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

nly increases the pain and frustration.

Your strategic thinking business coach has some tips on how to term

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

nate someone properly so both parties get through the process.

+ Get right to the point. Be direct and do

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

not engage in small talk. Get right to the point and inform the employee of the bad news of being terminat

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ed.

+ Be brief in providing any reasons for the termination and do not engage in a long discussion over wh

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

t went wrong or what might have been. You may want to offer one or two reasons for the termination.

+ Be

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

professionally prepared for the termination by assembling all materials for the termination in advance. Thi

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

s means having the final paycheck, any severance pay, personnel forms, insurance and other information ready

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

when you inform the employee of the termination.

+ Move quickly and expeditiously to get the terminated em

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

ployee out of the office as soon as possible. Have security or appropriate support personnel ready to assis

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

t if necessary.

+ Be courteous and professional in your interactions with the employee being terminated.

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

Shake hands, express thanks for the employee’s contribution to your company and wish him or her well.

+ Co

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

nduct the termination on a Friday. This gives you the weekend to deal with problems that may arise from the

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

termination and enables you to announce the termination to the staff and start off the week fresh on Monday

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

If you would like to learn more about strategic business decisions and some challenging follow-up actions,

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

like the termination of employee, and how a strategic thinking business coach can facilitate and guide you

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

in that endeavor, please contact Glenn Ebersole today through his website at www.businesscoach4u.com or by e

.

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

ail at jgecoach@aol.com

“Strategic Business Tips When Firing Someone From Your Strategic Thinking Business

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

Coach” By: J. Glenn Ebersole, Jr., Chief Executive of J. G. Ebersole Associates and The Renaissance Group

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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Business cards aren't something that most people concern themselves with too much. You meet someone, you trade cards, and you have their details if you ever need to get in touch.

With chess sets made by artisans in India and available to chess retailers anywhere - how does a modern online chess retailer create and market a genuine brand which is impervious to price undercutting by the competition?

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