GROW YOUR OWN A Small Company Perspective Michael Orecchia

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GROW YOUR OWNA Small Company Perspective
Michael Orecchia
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GROW YOUR OWN
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GROW YOUR OWN

• CONFI-DENTAL PRODUCTS CO.
• Subsidiary of SEPTODONT NORTH AMERICA
• Contract Manufacturer of Medical Devices a
  and Pharmaceuticals
• Regulated Certified to
• ISO 9000 - 2000
• ISO 13485 - 2003
• Revenue lt 10 million
• 60 Employees
• 1,250 SKUs

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GROW YOUR OWN
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GROW YOUR OWN

• The Challenge for Smaller Organizations
• How to Grow Your Own while dealing with
• Limited Human Resources
• Limited Financial Resources
• Minimal Succession Planning

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GROW YOUR OWN

• CONFI-DENTAL
• WHY ???
• THE CHALLENGE
• WHO ???

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GROW YOUR OWN

• WHY?
• Strategic Direction that Confi-Dental focus on
  RD for the future of Septodont.
• To meet timetables for converting a University
  Option into an Exclusive License.
• To deliver new Dental Materials to market by 2008
  per Strategic Plan

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GROW YOUR OWN

• THE CHALLENGE
• Build an RD team with limited funding
• Evaluated various options
• Full Time
• Contract
• Part Time

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GROW YOUR OWN

• WHO ?
• Part Time
• No benefits
• College Students (Chemistry Majors)
• An opportunity to develop their skills
• Good potential for longevity
• Compensation significantly less than full time
  researchers

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GROW YOUR OWN

• A TALE OF 5 STUDENTS

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GROW YOUR OWN

• Jessica
• Education
• BA Chemistry UNC
• MS Chemistry UNC
• Hired August 00
• Goal Veterinary Medicine
• Current Position Validation, Stability
  Product Development
• Compensation - 38,688 (40 hours/week)

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GROW YOUR OWN

• Allison
• Education
• BS Chemistry CU
• Colorado College of Pharmacy
• Hired January 03 Resigned October 06
• Goal Pharmacist
• Positions RD Chemist, Validation Specialist
• Compensation - 14,747 (20 hours/week)

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GROW YOUR OWN

• Jordan
• Education
• Chemical Engineering Major CU
• Hired August 05
• Goal Chemical Engineer
• Current Position Research Chemist
• Grow Your Own Product Development / QC
• Compensation - 12,342 (20 hours/week)

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GROW YOUR OWN

• Tim
• Education
• BA Chemistry UNM
• MS Chemistry UNC
• Hired February 07
• Goal Med School
• Positions RD Chemist, Validation Specialist
• Grow Your Own Plant Management
• Compensation - 33,280 (40 hours/week)

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GROW YOUR OWN

• Nick
• Education
• BS Cellular Molecular Biology CU
• Hired May 07
• Goal Corporate RD
• Current Position RD Chemist
• Grow Your Own RD or QC
• Compensation - 28,080 (40 hours/week)

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GROW YOUR OWN
So...How did it go???
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GROW YOUR OWN

• WE RECEIVE
• Eager employees
• Dependable employees
• Quality work at a reasonable wage
• (140 hours/week for 32,111 Average per
  employee)
• Inexpensive means of succession

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GROW YOUR OWN

• THEY RECEIVE
• Opportunity to work in their chosen field
• Good wages
• Career development (Externally)
• Long term employment potential (Internally)

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GROW YOUR OWN
It worked for us... It can work for you!!!
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THANK YOU
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