Useful Advices - Business

Mentoring is not a common business practice these days. That's too bad - whether you are looking for a job or simply managing a burgeoning career, a mentor can be of assistance.

A good mentor will provide impartial advice, coach you and answ

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

er questions, help prepare you for unfolding career challenges, and may teach you new skills. For example, he or she may use role playing to prepare you for tough interviews. A mentor may even be able to help open some doors, enabling you to

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

Examples of combination products may in

and interviews with employers that you'd otherwise struggle to get into (more on this point to follow.) Mentoring is traditionally not something you pay for - generally, successful business people volunteer for this role because someone helpe

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

them in a similar way in the past. On a paid basis, similar assistance is available from career coaches.

For many of us, as we move through our careers, the closest we come to mentors is our supervisors. In rare cases, an exceptional superv

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

sor may truly provide some of the benefits of a mentor. But mentors should be impartial, and a supervisor is anything but impartial. Here are more guidelines:

Don't necessarily include friendship on the list of criteria for a mento

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

Combination pro

r. Mutual respect, candor, trust are all good - but if your mentor becomes your buddy, will she tell you need to dress differently? Will he tell you to stop feeling sorry for yourself? Look for friendship elsewhere - you need something entire

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

y different from your mentor.

Remember that mentoring is a two way street. Perhaps there are skills you can offer to reciprocate -teaching them internet skills, maybe, or offering to house sit. Or perhaps something more in line with a 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

ll Christmas present, homemade cookies or just a heartfelt letter. You will hopefully come to know you mentor well enough to select the appropriate expression.

Your mentor may expect you to set the pace. Some prot?g?s require assistance

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

nly periodically. You should clearly communicate your requirements - for example, monthly meetings or perhaps you only need to meet on an as-needed basis. If you don't establish and communicate your expectations, don't be surprised if they ar

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

en't met.

Recognize the limits. Let's say you want a job at XYZ company, and you know that your mentor has a friend there. Understand that your mentor may not be able to (or want to) take advantage of that relationship in any way. Or, le

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

's say they do take advantage of the relationship and manage to get you an interview. Should this occur, recognize that you have asked your mentor to put his or her relationship with a valued colleague on the line. If you miss the interview,

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

Following aspects would a

r get hired and perform poorly, your mentor is likely to feel that you have violated their trust. Bottom line: walk this path carefully!

>A mentor's assistance is more akin to that of an exercise coach than an emergency room physician. T

dd to the challenges in developing combination products:

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

ey can't work miracles, they can't achieve sudden results, and ultimately all they can do is help you develop yourself - a challenge that ultimately you, and only you, can achieve successfully.

Which leads to the final and perhaps mos

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

t important matter: how do you find a mentor? You won't find them under "M" in the yellow pages. In fact, you may manage to cultivate this type of relationship without ever using the word mentor (you may have already done so, perhaps without

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

ealizing it). Is there anyone you look to, on a consistent basic, for career advice? If not, is there anyone you know who you think would be helpful? Look for someone in a similar career field. If you are in school, you may ask a favorite pro

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

essor if they have any contacts within a specific field (professors make poor mentors, unless you wish to follow an academic career path). Once you have identified potential mentors, you may proceed by contacting them and politely requesting

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

Professional from academic institutions, pharmaceutical industries, health care indust

ome of their time, to ask some specific questions.

From this point, take things slowly. Don't intrude excessively on your prospective mentor's time. Offer to take her to lunch, invite him for early morning (before work) coffee. Ask about her

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

job. What are the pressing issues she faces? What would she have done differently, early in career, knowing what she now knows? Try to get a feel for the career growth strategies he used, and whether they'd work for you. Evaluate the shared

.

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

omfort level and his apparent willingness to continue providing information. After a few meetings, you may choose to ask her if she is willing to provide career advice. You may want to use the word "mentor," or you may feel it's best not to h

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

Companies that provide selfless information through particip

ng a label on things.

It can be a lot easier to navigate your chosen career path with assistance from someone who is somewhat familiar with the territory. If you are serious about long-term career growth, a mentor can be tremendously helpful

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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With internet taking over the whole business transactions, the focus of advertising re-shifts to the power of words. Local classifieds used to have a stigma as being read by only people in the lower income strata. The runaway success of real estate classifieds in real estate magazines, auto classifieds in auto classifieds section of newspapers and auto magazines prove this stigma categorically wrong.

Article discussing the benefits of compromise agreements to an employee who maybe facing the possibility of dismissal in their career.

You probably went through a pre employment background check before you landed your current job. Anybody who wants to find a job often goes through a pre employment background check before being hired for any position. These checks are being done because the employers need to learn about the ilk of individuals they're hiring.

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