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Useful Articles - Employees' Poor Writing Skills Can Lead to Lost Profit
Employees' writing skills - or the lack of them - substantially affect the bottom line in ways you may never have considered. Here are j 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 ust a few. * Badly written instructions can lead to incorrect procedures, lost time, damaged equipment, lost customers - and lost profi ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in t. * Ineffective letters, which often took too long to write in the first place, can create a poor company image, wasted time, bad cust lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. omer or supplier relations, lost customers - and lost profit. * Interdepartmental miscommunication - often through incomprehensible e-m here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe ail exchanges - can lead to fragmentation of the workforce, loss of corporate loyalty, missed collaboration and innovation opportunities d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro , possibly lost employees resulting in more recruitment and training costs - and lost profit. * Cold, impersonal "boilerplate" letters 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 in response to customers' problems or complaints can lead to loss of those customers, bad news spread to their friends and colleagues, l 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 oss of present and future income - and lost profit. Mangled syntax can cause expensive confusion, inconvenience or even danger. Here ar nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically e just a few examples. A consultant's proposal on a new benefits package for his corporate client read, "By paying a 5% premium on wage 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 s, all employees will be enrolled in the company insurance program." Who was supposed to pay the 5%? According to this sentence, the emp ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi loyees would pay - but in fact the company was to pay. It should have read, "By paying a premium of 5% of wages, the company can enroll ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a all employees in its insurance program." A big difference - and potentially a deal breaker. A passenger broke into the flight deck on a dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod commercial airplane. Subsequent investigation revealed that written regulations said, "The doors to the flight deck must be locked only cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin on takeoff and landing." What exactly does that mean? Must they be unlocked at other times? Or are they simply permitted to be unlocked tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen at other times? Misinterpretation of this ambiguous message almost resulted in disaster. An airport terminal sign read, "No smoking ar 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 eas available." Does that mean there are no areas where people may smoke? Or does it mean there are areas set aside for non-smokers? A ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust company tried to cancel a contract, believing the contract allowed it to do so under current conditions. But because of the incorrect p y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products lacement of a comma in the agreement, the other party contested the cancellation, and successfully sued the company for $1.2 million. Ex . 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 pensive comma! Corporate America spends billions of dollars annually on remedial writing programs for employees at all levels. Organiza elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip tions who invest in this training understand the potential ROI that comes from eliminating such simple, but expensive, writing mistakes. 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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