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Subjects - The New Five Truths of Employee Motivation
Motivation is a term that is so widely used, yet many managers know little about how it really works. But it doesn’t have to be confusing—
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
in fact, it’s quite simple. Treat your employees as valuable assets and you will reap the rewards. Here are five truths to pay attention t
; 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
in motivating your workforce.
- Most managers think money is the top motivator—but, it’s not.
Sure compensation is impor
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ant, but most employees consider it a right—an exchange for the work they do. Rather, they want is to be valued for a job well done by th
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
se they hold in high esteem. They want to feel what they do make a difference. Money does not do this; personal recognition does.
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 get what you reward’ is common sense, but not common practice.
How many managers consider ‘appreciating others’ to be part of thei
How many managers consider ‘appreciating others’ to be part of thei
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
job responsibility? Not many. They tend to be too busy and too removed from their employees to notice when they have done exceptional wor
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
—and to thank them for it. Limited appreciation leads to limited motivation.
What is most motivating to employees tend to be relat
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
vely easy to do and cost the least.
For example, recognize a high performer in the company newsletter or website. Have her manager’s
For example, recognize a high performer in the company newsletter or website. Have her manager’s
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
manager call to thank her for a job well done. Leave a voice mail praising. Distribute a praising e-mail to everyone.
What motivat
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
s others is often different from what motivates oneself.
When workers and supervisors were asked to rank a list of motivators from 1
When workers and supervisors were asked to rank a list of motivators from 1
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
o 10 in order of importance to workers, workers rated ‘appreciation for a job well done" as their top motivator; supervisors ranked it eig
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
th. Employees ranked ‘feeling in on things’ as being #2 in importance; their managers ranked it last at #10. What is one person’s carrot i
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
another’s ‘yucky’ orange vegetable.
Managers don’t tend to focus on employee motivation until it’s lost.
They are often too
They are often too
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
usy focusing on what’s urgent and forget about regularly motivating and recognizing employees. They forget about it until morale sinks, em
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
loyees quit and then management must scramble to figure out what’s going on. At this point, responding to poor morale is much more diffic
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
lt than doing little things along the way to keep it high.
When economic conditions turn tough or when the heavy work load seems n
When economic conditions turn tough or when the heavy work load seems n
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ver-ending, leaders tend to forget the “basics”–building commitment and loyalty beyond the paycheck. It’s the small things everyday that
.
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
an bring down morale and it’s the small things everyday that can raise performance. A holiday party or picnic once or twice a year probab
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
y won’t do it. Rather, it’s a leader’s sincere recognition that employees are assets to be valued, not tools to be used up and discarded
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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