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Useful Advices - In Management, Your Ego Is The Performance Killer
One of the biggest contributors to poor management performance, bad decisions, hiring mistakes, and a whole host of other problems is ego.
Everyone has an ego. It is a natural part of everyone’s psyche and vital for success. The problem occurs when a manager’s ego is given too much control of their behavior, attitudes, and
Everyone has an ego. It is a natural part of everyone’s psyche and vital for success. The problem occurs when a manager’s ego is given too much control of their behavior, attitudes, and
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
management style.
The ego wants to look good, be right, not make mistakes, not admit failure, manipulate, and control or appear in control at all times. It would be nice if organizations and their strategies, objectives, goals, purpose, mission, and performance were always predictable and operating at peak efficiency and op
The ego wants to look good, be right, not make mistakes, not admit failure, manipulate, and control or appear in control at all times. It would be nice if organizations and their strategies, objectives, goals, purpose, mission, and performance were always predictable and operating at peak efficiency and op
; 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
timum results.
However, in the real world, change is the mantra and norm. Uncertainty prevails. And there are forces at work that would sabotage your ideal world. They include: the government, the weather, unpredictable employees, technology, competitors, customer attitudes and expectations, just to mention a few. If all of
However, in the real world, change is the mantra and norm. Uncertainty prevails. And there are forces at work that would sabotage your ideal world. They include: the government, the weather, unpredictable employees, technology, competitors, customer attitudes and expectations, just to mention a few. If all of
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
these could be harnessed for optimum control, we would never have business failures, lost customers, unhappy and poor-performing employees, disgruntled suppliers, and frustrated accountants.
Ego has cost Corporate America more money than any other single factor. It has resulted in poor decisions, thwarted initiatives, produ
Ego has cost Corporate America more money than any other single factor. It has resulted in poor decisions, thwarted initiatives, produ
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
cts that have out-lived their life cycle, and acquisitions gone bad. Want more?
· New products that should never have hit the street
· Bad products that were left on the street too long
· Poor hiring decisions
· The decision to terminate a good employee for no other reason than they have an ego, too
· New products that should never have hit the street
· Bad products that were left on the street too long
· Poor hiring decisions
· The decision to terminate a good employee for no other reason than they have an ego, too
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
· The unwillingness to let go of control of anything
· Keeping decision-making at the top of the corporate ladder
· Unwillingness to delegate difficult or critical tasks
· The desire to look good to the rest of the corporate world, regardless of whether you are making money or not
I believe by now I
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
should have your attention. So why is ego such a big problem in business? After all, Donald Trump has one, and he is successful.
If you were to ask an out-of-control-ego executive or manager if their ego is out of control, guess what you will hear. Believe it or not: No. Why is this? Denial? Arrogance? Insecurity? Or some o
If you were to ask an out-of-control-ego executive or manager if their ego is out of control, guess what you will hear. Believe it or not: No. Why is this? Denial? Arrogance? Insecurity? Or some 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
ther psychological or emotional need that has not been or is not being met?
During my career, I have watched clients make acquisitions (against my recommendations) for no other reason than ego. In almost every case, these cost their organization dearly in focus and reputation, not to mention profits. And, ultimately they we
During my career, I have watched clients make acquisitions (against my recommendations) for no other reason than ego. In almost every case, these cost their organization dearly in focus and reputation, not to mention profits. And, ultimately they we
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
re shut down or sold off again to some other executive with a big ego, maybe this time to someone who prides him- or herself as a business savior or turn-around master!
Before I lose you, I don’t want you to get the impression that ego is only an issue in the big decisions or choices made at the top. Its impact can be found
Before I lose you, I don’t want you to get the impression that ego is only an issue in the big decisions or choices made at the top. Its impact can be found
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
day-to-day in many of the small and often less significant parts of an enterprise, in the actions and decisions made by mid-level managers and supervisors. I see the results of this every day and everywhere I go in my travels as a speaker and trainer.
As a manager, how do you know if your ego is out of control?
Just pay cl
As a manager, how do you know if your ego is out of control?
Just pay cl
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
ose attention to a number of critical factors. I guarantee that if you are aware of your circumstances, honest with your self-appraisal, and in touch with reality, it will become crystal clear whether your ego is in control or is running rampant in your organization or department. Some of these factors are:
· cons
· cons
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
istently poor morale
· constant communication breakdowns
· bad hiring decisions
· consistently poor decisions
· acquisitions or mergers that go sour
· high employee turnover
· consistently poor quality
· outdated policies, products, services, and/or procedures
· loss of market share
4. Hire a personal coach. What it costs you will be peanuts compared to the time and money you could save your organization. I accept ten new coaching clients every year. If you want to be considered for one of the slots, give me a call.
5. Business is not about winning or looking good, but serving others well.
· constant communication breakdowns
· bad hiring decisions
· consistently poor decisions
· acquisitions or mergers that go sour
· high employee turnover
· consistently poor quality
· outdated policies, products, services, and/or procedures
· loss of market share
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
· vulnerability to competitors
· poor sales results
· decreasing profits from year to year
· the negative consequences of your decisions
Carefully observe early warning signs for these factors and determine their cause and any relationship between them and your ego, and then respond to them and ma
· poor sales results
· decreasing profits from year to year
· the negative consequences of your decisions
Carefully observe early warning signs for these factors and determine their cause and any relationship between them and your ego, and then respond to them and ma
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
nage them ego-free and effectively before they become embedded in your corporate culture, employee attitudes, and customer attitudes. You could ask yourself:
1. Can I ever be wrong?
2. Can an employee be smarter than I am?
3. Do I trust my employees?
4. Can I reverse myself after a bad decision or d
1. Can I ever be wrong?
2. Can an employee be smarter than I am?
3. Do I trust my employees?
4. Can I reverse myself after a bad decision or d
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
o I die by it?
5. Can I give up control?
6. Do I have pet projects or activities that I can’t let go of?
7. Can I freely give credit where someone else was responsible for the positive outcome?
8. Can I discard old products, services, or ideas that I was responsible for?
9. Can I share the limelight
5. Can I give up control?
6. Do I have pet projects or activities that I can’t let go of?
7. Can I freely give credit where someone else was responsible for the positive outcome?
8. Can I discard old products, services, or ideas that I was responsible for?
9. Can I share the limelight
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
ith others?
10. Do I give adequate appreciation and recognition to others?
11. Can I admit failure?
12. Can I admit to not having an answer?
13. Do I procrastinate on simple or important tasks, decisions, or initiatives?
These questions should get you started. Honest answers will help you c
10. Do I give adequate appreciation and recognition to others?
11. Can I admit failure?
12. Can I admit to not having an answer?
13. Do I procrastinate on simple or important tasks, decisions, or initiatives?
These questions should get you started. Honest answers will help you c
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
learly identify if your ego is a problem in your position.
In his classic book Good to Great: Why Some Companies Make the Leap … and Others Don’t, Jim Collins states:
Level 5 leaders channel their ego needs away from themselves and into the larger goal of building a great company. It’s not that Level 5 leaders have no ego
In his classic book Good to Great: Why Some Companies Make the Leap … and Others Don’t, Jim Collins states:
Level 5 leaders channel their ego needs away from themselves and into the larger goal of building a great company. It’s not that Level 5 leaders have no ego
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
or self-interest. Indeed they are incredibly ambitious – but their ambition is first and foremost for their institution and not herself or himself.
If you can rise to the challenge of channeling your ego in this way, be encouraged by the following:
1. Your ego is not part of your DNA or genes. It is man-made and
If you can rise to the challenge of channeling your ego in this way, be encouraged by the following:
1. Your ego is not part of your DNA or genes. It is man-made and
.
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 be un-made or controlled if you choose.
2. It is better to succeed and enjoy your success with a controlled ego than it is to go down in flames with an ego that is out of control.
3. You will never “win them all,” no matter how good you think you are. So get used to losing once in a while, if you aren’t already.
2. It is better to succeed and enjoy your success with a controlled ego than it is to go down in flames with an ego that is out of control.
3. You will never “win them all,” no matter how good you think you are. So get used to losing once in a while, if you aren’t already.
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
4. Hire a personal coach. What it costs you will be peanuts compared to the time and money you could save your organization. I accept ten new coaching clients every year. If you want to be considered for one of the slots, give me a call.
5. Business is not about winning or looking good, but serving others well.
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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