COMBATING THE FEAR OF FAILURE AND CHOOSING GROWTH Failure - a word which is associated with all the negativity you can think of. The fear of failure is what keeps many on their toes but for a lot of us, the fear of failure can be a crippling factor in moving ahead and realizing the things that give us joy. The best Psychology programs in India however, have to come to the conclusion that the fear of failure mindset limits opportunities to innovate. Every good leader in the world, whether it be a leader of the people or the leader of a corporation, has exclaimed the importance of growth and learning. Growth and learning, they emphasize, comes from failure. If we fear failure, are we actually in-turn fearing growth and progress? Many pharma and CRO-based organizations are, in fact, the most successful at all cost-driven endeavours. The fear of failure in such organizations helps add to the detriment of performance when they’re carrying out options like selecting a vendor. In-depth experience (which comes from a series of failures) and a willingness to learn and grow become essential to the vendor-selection process. Embrace Growth Collaborative strategic partnerships between sponsors and CROs are pivotal in order to track the hazardous study startup journey. Some of the learnings (from experience) are as follows: ●
Build Trust Early- Inclusion in the decision-making process is a key factor in order to establish trust with stakeholders. It all boils down accountability, transparency, and communication.
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Feedback- Soliciting honest feedback from all stakeholders who are in the direct line of impact of the technology allows mutual buy-in and helps with the change management. This helps in increasing the chances of the technology being effectively utilized when deployed.
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Collaborate: A proper onboarding process is a key for the adoption of any new technology, preparing a clinical operations team for the changes which are inevitable. This requires intense training and around the clock support.
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Go Deep: The need of the hour is to have an understanding of the processes, challenges, concerns and the potential for resistance to new ideas. Proper configurations for workflow management guides the execution of activities. This is the best way to achieve a streamlined flow of documents. This is in order to gain insights into and dip your hands into execution, fearing no failure. The best psychology colleges in India have imparted these seeds of knowledge into their students, that corporates need to learn to embrace the deep end of knowledge and still have no guarantees of success and helping them realize that this is part of a process is
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pivotal. ●
Capture and Share insights: Automation is a wonderful thing, we have all come to this realization. It is a load off so much human toil. However, the real impacts/benefits of this wonderful gift are visible only after actionable insights are delivered as a result of transparency in the inner workings of the processes. Real-time data presents an opportunity to highlight and give priority to the processes which could really benefit from optimization.
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Think Globally, Lead Responsibly: It is no secret that ethics and legality differ from place to place, country to country, and sometimes even state to state. This induces the necessity for replicating tasks for every territorial hurdle that you might end up facing. It is highly crucial to help automate the workflows in order to reduce the chances for mistakes and the utilization of resources can be effective and efficient.
The Road Ahead Just as stakeholders are embracing technology to drive process improvement, major regulatory agencies are promoting these efforts, as well. The Food and Drug Administration (FDA) and the European Medicines Agency (EMA) have released documents on the greater acceptance of technology early in the clinical trials process as it relates to risk-based monitoring. To align with recommendations in this regulatory guidance, industry leaders have been transitioning away from their Excel spreadsheets, and toward custom-built study startup applications that provide project management functionality. However, in all this, one thing to not forget is that despite all these highly exhaustive systems installed in order to minimize risks and reduce human error. However, the keyword here is reduced and not eliminate. There is always a chance of human error from our end, failures will always be there to ground us, make us re-assess situations, but never should it ever stop you from going for what you really want to accomplish. Do not fear failure. Original Source: https://ansaluniversity.edu.in/blog/combating-the-fear-of-failure-and-choosing-growth-taking-inspiratio n-from-pharma-and-cro/