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Useful Advices - Corporate Wellness - the Key to Corporate Success
What have sickness, recuperation, rest, mindset, humour, energy and diet got to do with
companies? These are terms applicable in physical wellness but
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
they are equally relevant
in the context of corporate wellness.
Turnaround has become increasingly important, given the financial crisis that hit Asia
Turnaround has become increasingly important, given the financial crisis that hit Asia
; 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
1997, the financial scandals plaguing the Western corporate giants and the emergence of
the economies in China and India. In some instances, the
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
businesses appear relatively
healthy, though they are experiencing declining market share, increasing costs, losing
competitiveness and plummeting re
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
venues. Hence, a major crisis is brewing and will hit
any time when the interest rate increases or the economy goes into recession.
Unfortunately, mos
Unfortunately, mos
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
t troubled companies do not survive the turbulence in the marketplace.
The average life expectancy of a multinational company is about 40 to 50 years.
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
Many
companies die prematurely. Some companies experience poor health with office politics,
egos and bureaucracy stifling human creativity, enthusias
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
m and commitment. Many of
these ailing companies suffer from a toxic corporate climate which urgently need to be
detoxified, while others are genetic
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ally flawed and are thus unable to handle changes in
the marketplace.
For centuries, we have been searching for the elixir of longevity. Today, the we
For centuries, we have been searching for the elixir of longevity. Today, the we
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
llness and
health industry worldwide is the one of the fastest growing businesses, and it is expected
to grow exponentially to one trillion dollars i
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
n a few years’ time. Essentially, the role of
the doctor should be one of promoting wellness instead of merely concentrating on curing
the patient af
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
ter he is inflicted with an ailment.
In a similar vein, companies are also seeking the same goal, that is corporate wellness. Corporate wellness is be
In a similar vein, companies are also seeking the same goal, that is corporate wellness. Corporate wellness is be
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
coming one of the greatest and most powerful terms of the
corporate dictionary. Unfortunately, it is also one of the most misunderstood. “Corporate
w
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
ellness” is not merely referring to physical and mental health programs for the
corporate executives.
The term “corporate wellness” depicts the desire
The term “corporate wellness” depicts the desire
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
d state of excellent corporate physical and mental health. And it should be an actively sought-after goal.
“Corporate wellness” is the total well being
“Corporate wellness” is the total well being
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
and complete integration of body, mind and spirit – the realization that everything the corporate does, its strategy, leadership, mindset, culture, value
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
s has an effect on its well being. The term “corporate wellness” is used in this context to include the use of modern and alternative medicine.
Modern o
Modern o
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
r Western medicine seeks to treat the symptoms such as poor productivity. The
remedy is surgery or downsizing. Alternative or Eastern medicine treats t
.
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
he root cause of
the corporate woes. The cause of the poor productivity is perhaps due to its dysfunctional
corporate culture. Beyond disease-free me
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
dicines, Corporate wellness also seeks for new excellent levels of corporate health such as how to improve the attitude, mindset and soul of the company.
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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