Useful Advices - Business

Training is one of those words that has numerous connotations associated with it. When we first think of training we often envision an instructor behind a podium imparting his or her wisdom,

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

and then assuming students will have the foresight to apply the principles back in the real world. Second, training is often perceived as an expense that is hard to quantify. Third, training

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

Examples of combination products may in

takes on the persona the instructor better be good, or the training process will be not be effective. In addition, it is perceived to be time intensive and not palatable when considering how

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

to apply the training to the real world.

Well, none of these assumptions or presumptions have to be true. Training or learning does not have to take place in a classroom, and it does NOT hav

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

e to be solely the instructor’s responsibility. There is a way to reduce management time, decrease long-term training costs, and ultimately turn employees into high performers who, believe it

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

Combination pro

or not, manage their own learning. You may be asking yourself, “How does this take place?”

Actually, very simply, with a revolutionary concept called “Self-Directed Learning”. This extraord

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

inary concept is taking the training learning world by storm. Learning is the key word with this concept, it imposes ultimate responsibility of the process on the employee. The employee is r

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

esponsible for their own learning, versus an instructor having to train them.

So, “what exactly is Self-Directed Learning?” It’s a process that utilizes short techniques in 15 to 45 minute s

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

essions geared toward simulating the required skills of a specific job function. The activities are performed on a continuous basis such as daily or bi-daily. Once the activities are complete

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

d, points are rewarded to track the progress of each employee. Many organizations will award employees by the accumulating points or achieving specific milestones to encourage the self-learni

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

g.

Next, the major factor in developing a successful self-directed learning program is using the proper techniques to achieve the desired outcomes. The following are some of the most common

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

Following aspects would a

areas of training and how specific, self-directed learning techniques can enable successful learning to take place outside of the classroom:

1. Product Training – An employee could demo or t

dd to the challenges in developing combination products:

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

each the basic elements or components of a product and than have the employee teach it back. After all, it has been proven that to truly know something is to have the ability to teach it.

2.

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

Industry Knowledge – An employee could be provided with reading materials on the industry, with the ultimate expectation they will either email a supervisor what they learned or present the

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

concept to management.

3. Soft Skills – soft skills such as listening and presentation skills can be role-played by using specific scenarios that apply to the real world.

4. Positive Behavi

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

or – Modeling is a technique where an employee observes another employee who represents the positive behavior. A second facet of this technique is to then have the employee act out the modele

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

Professional from academic institutions, pharmaceutical industries, health care indust

d behavior.

5. Industry Workshops / Certifications – If employees need to go a public workshop or industry certification, you can leverage this event by making them email 3 things they learn

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

ed or teach their peers in small groups what they learned & how they can apply the techniques to their jobs.

Designing a self-directed learning program is a relatively straightforward proces

.

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

s. Any manager can learn the self-directed learning concept and how to successfully apply it. The key factor of a self-directed learning system is to match the activities with desired outcom

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

Companies that provide selfless information through particip

es. The learning activities must produce activities or practices that are desired from a results perspective. In designing these activities if management is involved, the cost can be minimal

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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Day to day work can drag anyone down. If you do not have open channels of communication, things can really go sour. However, if you talk about problems and solutions, your business can move closer to success.

Co2 laser marking for glass used in industrial applications is a fast, effective and inexpensive method to mark the product.

Since Darren Skanson is the only investor in the company so far, the return on equity figures are somewhat relative, showing relation between the net income and Darren's investment into the company. However, the figures, as those of net profit margin, show the trend towards return on equity decreasing. This indicates growing expenses of the firm with relatively stable income, which along with the sales volume grows, but not in the rate comparable to the expenses. To be attractive for potential investors, the company has to leverage its income and expenses figures.

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Useful Advices - Great Training Does Not Have to Take Place in a Classroom

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