Failure – a word that 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 terms of moving ahead and treasuring the things that give us joy. The best psychology programs in India that are backed by extremely learned faculty, have to come to the conclusion that the fear of failure mindset limits opportunities to innovate with the help of a rigorous psych evaluation and situation-handling tests.
On the basis of an analysis of past experiments, experts have concluded that being equipped with the experience of ‘failing’ at a task, empowered many to reach greater heights than their counterparts who were adequate at their jobs. How can one choose growth by overcoming fear? Let’s find out.
How Pharma and CRO Organizations Help Navigate Fear
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.
A Contract Research Organization (CRO) is a company that provides support to the pharmaceutical, biotechnology, and medical device industries in the form of research services outsourced on a contract basis. 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.
In this piece, we’re going to take the example of the operations of Pharma and Contract Research Organizations in order to showcase how you can navigate the fear of failure in businesses and grow exponentially.
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 to accountability, transparency, and communication.
- Feedback: Soliciting honest feedback from all stakeholders who are in the direct line of the impact of the technology, allows mutual buy-in and helps with the change of management. This helps in increasing the chances of the technology being effectively utilized when deployed.
- Collaborate: A proper onboarding process is key for the adoption of any new technology, preparing a clinical operations team for the changes that are inevitable. This requires intense training and around-the-clock support.
- 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 of and dip your hands into execution, fearing no failure.
- Capture and Share insights: Automation is a wonderful thing – we have all come to this realization. It is a load off of unnecessary human toil. However, the real impact/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.
- 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. 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.
The best psychology colleges in India have imparted these seeds of knowledge into their students, that incorporates need to learn to embrace the deep end of knowledge and still have no guarantees of success, helping them realize that this is part of a process that is pivotal and fearing failure might actually be detrimental.
This was just an example of how you can break down your tasks in small bits and pieces and try to conquer them one by one. Fret not, when you end up falling short of the mark – these highly exhaustive systems are designed to minimize risks and reduce human error.
Remember – 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!