Useful Advices - Business

The Current State

We have the highest rates of marriage and divorce in the world. According to the 2003 Census Bureau, annually, there are about 2.3 million marriages and about 1.2 million divorces in the US. Think

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

of all the people those divorces affect. You know some of them, and you know how destructive the whole divorce process can be.

Divorce effects the workforce -- a real concern for management. For example, in the year following di

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

Examples of combination products may in

orce, employees lose an average of over 168 hours of work time – an equivalent of being fully absent four weeks in one calendar year. In addition, before divorce, high marital stress is associated with increases in work loss days –

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

a person with marital distress will lose more than 38 more days of work per year than someone with average marital stress. Can employers prevent this sort of negative impact?

Until now, we all thought that marriages and relations

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

ips were the responsibility of the couples themselves, clergy, coaches, and healthcare professionals. However, with companies taking on more of the burden of healthcare costs, plus the loss of productivity due to relationship stres

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

Combination pro

s, business owners and corporate executives are beginning to take an active part in promoting happy, healthy relationships and marriages for themselves and their employees.

Investing in, and building direct and indirect relationshi

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

wellness programs improve a company’s overall financial health, while ignoring these opportunities can decrease a company’s productivity and profitability.

Workers in Unhappy Marriages

Workers in failing relationshi

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

ps often have serious health concerns – like stress, anxiety, depression, and substance abuse. We don’t need to tell you that these directly effect healthcare costs and the bottom line.

Indirectly, relationship problems and divorc

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

impact overall worker productivity more frequently than death in the family, serious illness, problems with children, substance abuse, and depression. In addition, an inefficient and unprofitable work environment results from the

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

many factors experienced by employees in failing relationships: increased absenteeism and presenteeism (being physically present but mentally absent), decreased health, increased anxiety, and stress.

Presenteeism can affect an empl

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

yee for days or longer causing decreased productivity and profits. Lost productivity on the average is a half times greater then that lost to absenteeism. The Harvard Business Review estimates that presenteeism costs American Busine

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

Following aspects would a

s $150 billion annually in direct and indirect costs. (Dixon, Weighing the Costs of Presenteeism, The Chief Executive, June 2005)

Workers in Happy Marriages

We can conjecture that employees who enjoy relational healt

dd to the challenges in developing combination products:

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

h at home, in their marriage, and among their peers are more productive, more effective team members and make better leaders. They are happier, healthier, more confident, positive, and motivated.

Studies show that individuals in h

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

ppy and successful relationships have greater skills in areas such as communication, flexibility, closeness, personality compatibility, and conflict resolution. The connection between these skills and the workplace are obvious – an

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

d are worth cultivating.

According to a 2006 study, when dual-income couples are happy in marriage, they are more loyal to their employers, thus turnover is lowered. The cost-saving benefits of not having to train new employees le

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

ds to greater profitability.

We found several studies that break down the returns on investment (ROI) in employee wellness programs. While most companies report initial losses because of having to find the “right fit” for their em

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

Professional from academic institutions, pharmaceutical industries, health care indust

ployees, long-term results show savings of $1.40 - $4.90 per every dollar spent, and an ROI of up to $6.85 for every dollar invested in employee relationship wellness programs.

When your company invests in such relationship wellnes

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

programs, like those that “I-TO-WE” Relationship Coaching offers, you will benefit by greater loyalty of your employees, reduced turnover, more effective teamwork, increased sales, productivity and positive morale of the wor

.

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

kforce. Who wouldn’t want that?

“I-TO-WE”™ Relationship Coaching has done some research into the effects personal relationships have on the world of work. It may seem obvious that happy, healthy workers are more productive

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

Companies that provide selfless information through particip

efficient and effective team members but what makes them happy and healthy? And, what business is it of business?

©2007 – All rights reserved – Glenn Cohen - “I-TO-WE”™ Relationship Coaching / www.i-to-we-relationship-coaching.co

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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If you are sending a resume, you need to send a cover letter as well. A cover letter is a personal introduction that accompanies your resume. Even if the job posting doesn't specify submitting a cover letter, it's expected that you submit one with your resume. Yes, this requires extra work on your part but consider this: the cover letter gives you another chance to emphasize what you can contribute to the company or organization.

Perhaps you might find humor in the fact that human beings often work their whole lives to establish themselves as individuals and different than the masses. Yet at the same time to get a job they must describe themselves on a two-dimensional piece of paper.

3.8 Billion Coupons Were Redeemed in 2003, 4.1 in 2004, Did those coupons come into your store? Where did those customers go? Do you want them back?

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