Financial crises could be severely damaging for your business. A financial crisis can arise in the most unexpected times, even if the businesses have taken enough safety measures to avoid it. There are several factors that contribute to financial crisis in an organization like broad market factors which include overpriced assets and excessive debt built up in a financial system, or financial stress in a specific industry or company due to various reasons. Also, the highly competitive and rapidly evolving market these days gives way to unexpected loopholes in the implementation of financial and corporate strategies, leading to financial setbacks. However, once your company is in a financial crisis you need to use the right strategies to deal with it or it can bring downfall to your business in no time.
Recruiting and retaining patients has always been a challenging task in clinical trials. Although patients are the centre of all clinical trials, the procedures are often not particularly patient-centric. Over years, clinical trials have been designed and carried out by experts, without involving patients in the design process or educating them about the clinical trial. However, lately, pharmaceutical companies have realized the need of making the clinical trials more patient-centric, which emphasizes helping the patients learn about the trials, improving their experience, retaining patients and encouraging trial participation in future. Research also suggests that investing in patient engagement helps in improving enrollment as well as retention, which in turn helps timely completion of the trial. Many companies have, now, realized the significance of patient centricity in clinical trials but very few actually know about the tools and methodologies to make their procedure patient centric.
Hiring a manager for your company isn’t enough. You need a great manager that can bring out the best in your employees, and motivate and empower them to achieve the company as well as professional goals. However, hiring a great manager isn’t always an easy task. On the other hand, an inefficient manager could lead to misunderstandings and miscommunications among employees which could be disastrous for your organization. No matter what industry you belong to and regardless of the size of your company, a great manager is an absolute necessity. There are a few traits that distinguish a great manager from others and while appointing a manager, you need to carefully analyze if your prospective candidate possesses those traits or not.