With increasing push towards generics being mandated by government of India and Medical Council of India and Civil Society, Will the Retail Chemist emerge stronger in his bargaining power?
India pharmacy retail market report -2020 |India Pharmacy Retail MarketKen Research Pvt ltd.
India Pharmacy Retail Market Outlook to 2020 – Growth Driven by Surge in OTC Drugs Sales and Expansion of Online Pharmacies” provides a comprehensive analysis of the various aspects such as market size of the India Pharmacy Retail and Online Pharmacy Retail Market. The report also covers the market segmentation on the basis of organized & unorganized pharmacies, prescribed drugs, OTC drugs & private label products, category of drugs and generic & patented drugs. The report shares the company profile and competitive landscape for major players in the organized pharmacy sector and online pharmacy market.
Pharmacy retail market in India is driven by growth in the pharmaceutical sector, registered revenues of INR ~ billion in FY’2015. With the advent of online pharmacy retailers in the market, the industry is likely to witness a surge in the coming future. The retail pharmacy in the India has escalated at a CAGR of 19.4% from INR ~ billion in FY’2010 to INR ~ billion in FY’2015. The surge in growth is chiefly guided by the escalation in urbanization, increase in household expenditures, increasing smartphone users, need for convenience and rising literacy rate in the country coupled with growing medical awareness.
Patanjali Ayurved Limited is an Indian FMCG company
Located in the industrial area of Haridwar
Manufactures mineral and herbal products.
Patanjali is the fastest growing fast-moving consumer company in India.
Self-independence of India from Swadeshi.
To promote Indian product.
Make a largest retail chain in all over India both rural and urban market
To Provide reasonable price for farmers
To fulfill the demand of customers across the India on reasonable price.
To Support Indian industries by creating demands of Swadeshi products.
To generate employment for youth, skilled/unskilled and professionals.
To establish Ayurveda and create biggest market chain for herbal products.
To Strengthen Indian economy by replacing foreign products with Swadeshi products.
mCHEMIST the first fully compliant pharmacy in India. It provides online prescription medicines. It also sends medicine refill alert for next medicine purchase.
FMCG - Ayurvedic Warfare ( FMCG's Goes Ayurvedic)Ayush G. Kottary
In this PPt the forray of Patanjali in to the FMCG market and the reactive strategies of brands like, emami, HUL, Colgate Palmolive, Himalaya and Godrej are described, with the relevant news feeds of the correlated timeline. The emergence of Ayurvedic mantra and the battle of the brands in this arena is described.
This was the PowerPoint presentation done in the 4th year of Pharm.D for Clinical Pharmacy subject by our team. The team composed of Agathiyan, Anandharaj, Atchayaa and Chathreian.
It represents our Indian healthcare, pharmaceutical market and e-pharmacy growth (comparison with the retail pharmacy) in the past and future perspective.
India pharmacy retail market report -2020 |India Pharmacy Retail MarketKen Research Pvt ltd.
India Pharmacy Retail Market Outlook to 2020 – Growth Driven by Surge in OTC Drugs Sales and Expansion of Online Pharmacies” provides a comprehensive analysis of the various aspects such as market size of the India Pharmacy Retail and Online Pharmacy Retail Market. The report also covers the market segmentation on the basis of organized & unorganized pharmacies, prescribed drugs, OTC drugs & private label products, category of drugs and generic & patented drugs. The report shares the company profile and competitive landscape for major players in the organized pharmacy sector and online pharmacy market.
Pharmacy retail market in India is driven by growth in the pharmaceutical sector, registered revenues of INR ~ billion in FY’2015. With the advent of online pharmacy retailers in the market, the industry is likely to witness a surge in the coming future. The retail pharmacy in the India has escalated at a CAGR of 19.4% from INR ~ billion in FY’2010 to INR ~ billion in FY’2015. The surge in growth is chiefly guided by the escalation in urbanization, increase in household expenditures, increasing smartphone users, need for convenience and rising literacy rate in the country coupled with growing medical awareness.
Patanjali Ayurved Limited is an Indian FMCG company
Located in the industrial area of Haridwar
Manufactures mineral and herbal products.
Patanjali is the fastest growing fast-moving consumer company in India.
Self-independence of India from Swadeshi.
To promote Indian product.
Make a largest retail chain in all over India both rural and urban market
To Provide reasonable price for farmers
To fulfill the demand of customers across the India on reasonable price.
To Support Indian industries by creating demands of Swadeshi products.
To generate employment for youth, skilled/unskilled and professionals.
To establish Ayurveda and create biggest market chain for herbal products.
To Strengthen Indian economy by replacing foreign products with Swadeshi products.
mCHEMIST the first fully compliant pharmacy in India. It provides online prescription medicines. It also sends medicine refill alert for next medicine purchase.
FMCG - Ayurvedic Warfare ( FMCG's Goes Ayurvedic)Ayush G. Kottary
In this PPt the forray of Patanjali in to the FMCG market and the reactive strategies of brands like, emami, HUL, Colgate Palmolive, Himalaya and Godrej are described, with the relevant news feeds of the correlated timeline. The emergence of Ayurvedic mantra and the battle of the brands in this arena is described.
This was the PowerPoint presentation done in the 4th year of Pharm.D for Clinical Pharmacy subject by our team. The team composed of Agathiyan, Anandharaj, Atchayaa and Chathreian.
It represents our Indian healthcare, pharmaceutical market and e-pharmacy growth (comparison with the retail pharmacy) in the past and future perspective.
This a Case Study Analysis of the Case BigBasket.
This analysis is done as a part of the class activity and if anyone referring it can use it for educational purpose.
The pharmacy retail market is valued at INR 216 bn in 2009 and estimated to reach INR 432 bn in 2011. The market is fragmented and dominated by the unorganized sector.
The report provides a snapshot of the pharmacy retail market. Market overview gives a quick picture of the market with estimated market size, growth rate and revenue split between the organized and unorganized sector. An analysis of drivers reveals that growth in pharmaceuticals sector, increase in healthcare spending, changing disease profile, consumer attitudes, attractive margins and growth in OTC segment is driving growth in this sector. The key challenges identified include fragmented nature of Industry, lengthy supply chain, counterfeit drugs and FDI Regulations.
The report identifies the current market trends including loyalty schemes, value added services, tie-ups with retail firms, rural expansion, entry of Government in pharmacy retailing, entry of private labels, organized retailers starting pharmacy chains. The competitive landscape profiles the major players in this sector including the business description, number of stores and expansion plans for each player. The report also provides details of the key developments in this sector.
People have to spend much time to get their
medicine from a pharmacy.
People don’t know the exact amount to bepaid to their medicine before they going to a pharmacy.
People don’t know the availability of medicine they require.
In some cases People cant buy all their medicine
from one pharmacy.
In some cases People cant ask for their medicine
from pharmacist in face to face society.
Sales objections are basically requests for more information – more information about your product and what you’re offering them..
Consider them as opportunities...opportunities that let you once again pitch your sale to the potential client – an opportunity for you to help them understand more about your services..
It is a marketing presentation on the FMCG sector company MDH PVT. LTD. which tells about the company profile, its market, CSR activities, and its future scope.
Research project on marketing strategy on Patanjali AyurvedaSPIDEYSHAIKH
Here is my research project on marketing strategy on paatanjali ayurveda. It has content about their various specific products and their distribution and you can also use as your topic for your research project it has complete data in it.
SuperVision for the SuperWiser Pharma Front-line ManagerAnup Soans
'Supervision for the Superwiser Front Line Manager' is a splendid book with high class material and anecdotes. One of my colleagues , Mr D J Tiwari , appearing for a promotion asked me for useful tips to crack the interview. I lent this book to him for a couple of months. Hapy to tell you that he has cracked his promotion and gone for a higher position in West India ( in charge of entire West ) in another organization. I asked him about this book. He said it is outstanding in all aspects. A true reflection of Sri Anup's hardwork! This book is a wonderful contribution from Sri ANUP and I hope to handover this copy to all the employees. I commend the work of Sri ANUP as he has taken lot of pains to input all vital information in this book. I am very confident he would be suitably rewarded by readers ( and excellent readership ) as we do not have many, now , who can dedicate to producing such outstanding work in the form of a book. - A senior pharma sales professional
This a Case Study Analysis of the Case BigBasket.
This analysis is done as a part of the class activity and if anyone referring it can use it for educational purpose.
The pharmacy retail market is valued at INR 216 bn in 2009 and estimated to reach INR 432 bn in 2011. The market is fragmented and dominated by the unorganized sector.
The report provides a snapshot of the pharmacy retail market. Market overview gives a quick picture of the market with estimated market size, growth rate and revenue split between the organized and unorganized sector. An analysis of drivers reveals that growth in pharmaceuticals sector, increase in healthcare spending, changing disease profile, consumer attitudes, attractive margins and growth in OTC segment is driving growth in this sector. The key challenges identified include fragmented nature of Industry, lengthy supply chain, counterfeit drugs and FDI Regulations.
The report identifies the current market trends including loyalty schemes, value added services, tie-ups with retail firms, rural expansion, entry of Government in pharmacy retailing, entry of private labels, organized retailers starting pharmacy chains. The competitive landscape profiles the major players in this sector including the business description, number of stores and expansion plans for each player. The report also provides details of the key developments in this sector.
People have to spend much time to get their
medicine from a pharmacy.
People don’t know the exact amount to bepaid to their medicine before they going to a pharmacy.
People don’t know the availability of medicine they require.
In some cases People cant buy all their medicine
from one pharmacy.
In some cases People cant ask for their medicine
from pharmacist in face to face society.
Sales objections are basically requests for more information – more information about your product and what you’re offering them..
Consider them as opportunities...opportunities that let you once again pitch your sale to the potential client – an opportunity for you to help them understand more about your services..
It is a marketing presentation on the FMCG sector company MDH PVT. LTD. which tells about the company profile, its market, CSR activities, and its future scope.
Research project on marketing strategy on Patanjali AyurvedaSPIDEYSHAIKH
Here is my research project on marketing strategy on paatanjali ayurveda. It has content about their various specific products and their distribution and you can also use as your topic for your research project it has complete data in it.
SuperVision for the SuperWiser Pharma Front-line ManagerAnup Soans
'Supervision for the Superwiser Front Line Manager' is a splendid book with high class material and anecdotes. One of my colleagues , Mr D J Tiwari , appearing for a promotion asked me for useful tips to crack the interview. I lent this book to him for a couple of months. Hapy to tell you that he has cracked his promotion and gone for a higher position in West India ( in charge of entire West ) in another organization. I asked him about this book. He said it is outstanding in all aspects. A true reflection of Sri Anup's hardwork! This book is a wonderful contribution from Sri ANUP and I hope to handover this copy to all the employees. I commend the work of Sri ANUP as he has taken lot of pains to input all vital information in this book. I am very confident he would be suitably rewarded by readers ( and excellent readership ) as we do not have many, now , who can dedicate to producing such outstanding work in the form of a book. - A senior pharma sales professional
50 Mobile Marketing Facts by Jeanne Hopkins, CMO of SmartBear Software & Jamie Turner, Founder and Chief Content Officer at The 60 Second Marketer
To learn more about mobile marketing, come to HubSpot's INBOUND 2012 conference in August 27-30 in Boston. For more details visit inboundconference.com or inbound2012.eventbrite.com.
So, you think your web application is reasonably secure? Well, based on the statistics, you're probably wrong. This talk examines real-world security problems in Rails applications, and shows how they can be mediated.
CAN INDIAN PHARMA STAY AHEAD OF THE ETHICS CURVE?Anup Soans
MedicinMan November 2016 Issue is Now Live...
Highlights:
1. Report from OPPI’s 50th Annual General Meeting by K. Hariram
OPPI’s 50th Annual General Meeting (AGM) was held on 21st October 2016 at Hotel Taj Land’s End, Mumbai.
2. The Tipping Point: Discovering New Ways to Achieve Breakthrough Sales. Pharma sales managers need to think about new and bold ways to promote their products. Here’s what science tells us about how new ideas go viral.
3. The Many Faces of Emotion and the Role They Play in Marketing by Vivek Hattangadi
Different emotions trigger different actions – a look into different emotional states and how they can be put to use in pharma marketing.
4. The Peter Principle and How to Beat It
The importance of preparing for the next level of your career by acquiring the requisite knowledge, skills and attitude before you get there.
6. BOOK REVIEW: “Triggers” by Marshall Goldsmith reviewed by K. Hariram
How to initiate change in personal and professional life.
When Will Indian Pharma Get its Act Together? Anup Soans
Inside this Issue
1. Indian Medical Advisors Summit by Dr. Amit Dang
Photo essay and briefing.
2. Digital Pharma by Chandan Kumar
Digital is changing the fundamentals of the marketplace. Here’s how pharma can keep pace.
3. Selling Across Cultures by Anup Soans and Joshua Soans
Chapter extract from the new book The Art of Modern Sales Management by Renie Mcclay.
4. What You Measure is What Gets Done by Hanno Wolfram
Performance metrics are often a trade-off between ease and value. Is “calls-per-day” a meaningless metric that needs immediate replacement?
5. Book Review: Unlealthy Practices by Anup Soans
Review of the new work of fiction by Dr. Sumit Ghoshal.
The Amazonisation of Healthcare - Start with the Customer & Work BackwardsAnup Soans
Whether Amazon succeeds in the healthcare market, or not, remains to be seen but the reason I believe healthcare is about to get ‘Amazonized’ is because of what Chris Holt, Amazon’s leader of Global Healthcare said recently:
“When we think about the healthcare space, our overall philosophy of obsessing around the customer has served us really well. So, we start with the customer and we work backwards.”
Such thinking comes as breath of fresh air – so antithetic it is to the current thinking in healthcare. Incumbents might smirk at it, but customer obsession is the primary reason why Amazon and other tech companies have built giant corporations at an unbelievable pace.
The rules of the digital economy are different from what we are normally used to. That is why a shift in thinking and mindset is key to winning. New ways of doing business come with new rules...
KOL Relationship Management in Pharma & Devices - Workshop HighlightsAnup Soans
Inside this Issue:
1. Sales Managers: Avoiding Irrelevance in Joint Field Work by K. Hariram
How to ensure that joint field work adds real value to the MR’s daily routine
2. Social Network Analysis for KOL Discovery by Salil Kallianpur
Identifying KOLs through their influence on the social network they are a part of
3. The Art and Science of KOL Management by Dr. Viraj Suvarna
Deep-dive into the art and science of identifying, selecting and engaging KOLs
4. A CEO’s perspective on KOL Management by K. Hariram
Identifying KOLs based on long-term strategy, not short term goals
5. Special Feature: How to Train Your Reps by Prof. Vivek Hattangadi
Applying Cognitive Load Theory to make training effective for your medical reps
6. No Admission! by Rakesh Tiwari
Why Reps are increasingly finding it difficult to get a foothold in the Doctor’s clinic
7. Snippets from a Pharma Field Force Veteran by Anirudha Sengupta
A veteran shares his experiences and insights on pharma sales
8. Uncertainties in Pharmaceutical Distribution Channel with Reference to Availability of New Products
How Can Indian Pharma Better Manage Talent - Highlights of BCG ReportAnup Soans
Inside this Issue
1. Book Review: “You Can Be a Medical Representative” by Rajat Saha reviewed by Vivek Hattangadi
A successful pharma sales professional hands down success strategies to new and experienced Reps
2. Experience: Edge or Baggage? by Noumaan Quereshi
Experience, always counted a benefit to be had, can be baggage in a swift-paced world if it does not go hand-in-hand with the ability to adapt
3. The Impact of VUCA Times on Indian Pharma by K. Hariram
What it will take for Indian Pharma to navigate in these times of Volatility, Uncertainty, Complexity and Ambiguity (VUCA)?
4. Clearing the Air About Content Marketing by Suchi Yadav
Busting common myths about the do’s and dont’s of content marketing
The Mankind Pharma Story by Dr. Sumit GhoshalAnup Soans
Mankind was established in 1991, almost a decade after the industry leaders of today including Dr.Reddy’s and Sun Pharma, but has grown considerably faster than its contemporaries...
One reason for this is that unlike major drug makers who have a large portfolio of hundreds of products, mankind prefers to concentrate on a much smaller number of high value products. “they don’t bother with smaller products with a potential value of less than Rs.5 crore,” says a long-time industry watcher. thus Health OK, their OTC product, which is a combination of vitamins and nutritional medicines was able to generate Rs.50 crore in revenue within a year of its launch in 2014-15.
This is also the approach adopted by some multinationals like Sanofi, whose CEO Chris Viebacher said, that his company obtained a lion’s share of its revenue from just 15 top selling patented products...
Ethics in Indian Healthcare - MedicinMan October 2016Anup Soans
Inside this Issue
1. New Product Launch: An Opportunity to Launch Your Own Career! a Book Extract from HardKnocks for the GreenHorn by Anup Soans
Product launches are tracked very closely by senior management and Medical Reps who contribute to its success can easily bring themselves to the attention of management. Here’s how to get it right.
2. The Power of Emotions in Brand Building by Vivek Hattangadi
Emotions are powerful tools in the hands of marketers to draw attention, inspire action and increase retention of customers.
3. Coaching: the Art of Creating New Possibilities by K. Hariram
Anticipation of hurdles and proactively responding to them is at the heart of sales coaching.
4. BOOK REVIEW: The Ethical Doctor an extract from the Huffington Post
A deep examination of the state of the medical profession that asks the question: “Is it possible to be an ethical doctor today?”
5. BOOK REVIEW: Dissenting Diagnosis an extract from India Medical Times
A group of ethical medical practitioners talk about their profession’s declining standards, and then invite us to join them in their efforts to arrest that decline.
6. Moral Intelligence and Leadership in Pharma a Book Extract from SuperVision for the SuperWiser Front-line Manager by Anup Soans
Moral Intelligence is like a compass or the light from a lighthouse, enabling leaders to steer organizations in all kinds of weather and create trust in their leadership.
This presentation is very important for pharmacy students and medication and the kids are not as good as you can do with a bit of snow here and growing physically and mentally drained from and working wonders awaiting results from work tomorrow morning to make sure you can get the money back to you can tell me what you want me when you can get it for pharmacy students and medication and a HS for pharmacy students and medication for pharmacy students and medication for pharmacy students This presentation is very important for pharmacy students and medication and the kids are not as good as you can do with a bit of snow here and growing physically and mentally drained from and working wonders awaiting results from work tomorrow morning to make sure you can get the money back to you can tell me what you want me when you can get it for pharmacy students and medication and a HS for pharmacy students and medication for pharmacy students and medication for pharmacy students This presentation is very important for pharmacy students and medication and the kids are not as good as you can do with a bit of snow here and growing physically and mentally drained from and working wonders awaiting results from work tomorrow morning to make sure you can get the money back to you can tell me what you want me when you can get it for pharmacy students and medication and a HS for pharmacy students and medication for pharmacy students and medication for pharmacy students This presentation is very important for pharmacy students and medication and the kids are not as good as you can do with a bit of snow here and growing physically and mentally drained from and working wonders awaiting results from work tomorrow morning to make sure you can get the money back to you can tell me what you want me when you can get it for pharmacy students and medication and a HS for pharmacy students and medication for pharmacy students and medication for pharmacy students This presentation is very important for pharmacy students and medication and the kids are not as good as you can do with a bit of snow here and growing physically and mentally drained from and working wonders awaiting results from work tomorrow morning to make sure you can get the money back to you can tell me what you want me when you can get it for pharmacy students and medication and a HS for pharmacy students and medication for pharmacy students and medication for pharmacy students This presentation is very important for pharmacy students and medication and the kids are not as good as you can do with a bit of snow here and growing physically and mentally drained from and working wonders awaiting results from work tomorrow morning to make sure you can get the money back to you can tell me what you want me when you can get it for pharmacy students and medication and a HS for pharmacy students and medication for pharmacy students and medication for pharmacy students This presentation is very important for pharmacy stude
Similar to Rise of Retail Chemist Power in India - MedicinMan (20)
An Infectious Disease Specialist, Dr Mandar Kubal Speaks to Pharma on How it ...Anup Soans
Key Point from the Q &A with Dr. Mandar Kubal, Mumbai
Telemedicine has become a very useful tool for clinicians to manage their patients.
Given the ever changing contours of Covid19 treatment, doctors have to check daily for online resources.
It would be wonderful if pharma can provide every specialty the latest developments in treating Covid19 with pre existing conditions instead of sending their unvaccinated field force to give brand reminders.
Pharma should seek frontline worker status for Medical Reps and Field Managers as they are critical to maintain the drug supply chain.
Treat the Field Force as an asset and protect them, instead of pushing them onto the field without vaccination.
And many more insights from a clinician at the frontlines of treating Covid19 patients.
Now on MedicinMan YouTube Channel - https://youtu.be/J_p3paeO_eg
Key Challenges Facing Pharma Industry and the Way ForwardAnup Soans
Suresh Subramanian, pharma veteran discusses Key Challenges Facing Pharma Industry and the Way Forward on Saturday, 27th March at 6 PM on https://www.credoweb.in/discussion/630/key-challenges-facing-pharma-industry-and-the-way-forward
MedicinMan CEO Roundtable 2021 is here... Saturday, Feb 27thAnup Soans
Covid-19 has hugely affected the modes of interaction between physicians and pharma Sales Force.
As of February 2021, most pharma companies in India re-started their F2F visits even though most corporate hospitals have restricted access to salesforce
What is keeping most CEOs awake – How to respond to customer expectations and adjust the content and format accordingly.
How to track complexities of implementation of a new model into marketing & sales teams.
Many research reports have indicated that a hybrid (mixed model) that includes face to face and digital interactions are favoured by most respondent Physicians.
The other challenge is the need to change the outdated traditional digital model, which is overused and creates digital noise into an innovative interactive model.
Register Now: https://lnkd.in/gmJK8et
Key Account Management - Time for India Pharma to Adopt KAMAnup Soans
Pharma's 40-year Model of Pitching to the HCPs is Over says Hanno Wolfram author of Key Account Management in Pharma...
Watch the webinar on Digital Excellence Pharma Academy today at 6 PM to know more - https://lnkd.in/gjZRN6q
How can Pharma Use Digital to Engage Doctors and Understand PatientsAnup Soans
Doctors and patients are already using digital for many healthcare needs. Telemedicine is a prime example.
A Webinar by Dr. Shenoy Robinson today at 6 PM on - https://www.credoweb.in/discussion/604/how-can-pharma-use-digital-to-engage-doctors-and-understand-patients
How can Pharma Use Digital to Engage Doctors and Understand Patients
Why Indian Pharma Needs to Enable Managers to Develop TalentAnup Soans
People need the support of their leaders and organisations processes to develop their talents.
Deep Bhandari delves deep into the topic of Talent Development and its impact on individuals and organisations.
Digital Excellence Pharma Academy Certification ProgramAnup Soans
Now on YouTube: Gartner's Top Five Priorities for Pharma Business Leaders and @Hariram K's Key Learning Points on Leadership
25-minute discussion with Deep Bhandari on the Gartner Report and Leadership Imperatives by Hariram Krishnan on How the DEPA Certification Program Can Make Pharma Professionals Future Proof
https://lnkd.in/gHiT_WU via @YouTube
Architecture To Develop Pharma Business Leaders For Today and Tomorrow Anup Soans
4 Factors of Digital Transformation
1. Leadership Mindset for Digital Transformation
2. Digital Transformation - Why and How to Do it Right
3. Sales and Sales Management - Challenges & Solutions
4. Customer/Patient Centricity - Why and How to Do it Right
What is Indian Pharma Thinking about Digital? A Research ProjectAnup Soans
First Ever Indian Pharma Centric Survey: A CredoWeb India – #MedicinMan Research Project
As a part of Digital Excellence Pharma Academy , we initiated a research project with a detailed survey to understand the current status and issues faced by Indian Pharma companies in adopting digital to bridge the pharma – physicians disconnect.
You can know more about the scope and scale of this research project and survey at https://lnkd.in/gR5JMer
Digital Excellence Pharma Academy - Webinar & Online Certification ProgramAnup Soans
Ready for the next Webinar on Digitalisation of Pharma Marketing?
Digital Excellence Pharma Academy a partnership between MedicinMan and CredoWeb not only equips pharma/devices/diagnostics/disposable company employees with KA$H (you’ll learn about KA$H soon in the future webinars), but offers you the ability to adopt the digital platform to communicate and engage your customers and create lasting experiences to build your relationship with customers.
To know more on how to engage doctors via digital, attend 40+ webinars brought to you by CredoWeb in partnership with MedicinMan - follow 3 simple steps:
Go to www.credoweb.in
Create your “Pharma professional” registration
Follow Digital Excellence Pharma Academy page and stay tuned for our webinars for which you will be cordially invited
Indian Pharma and Retail Pharmacies - Sales View PollAnup Soans
The Sales View poll concluded with valuable information on several key aspects of the Indian Pharmaceutical field force, especially in the strategies employed by medical sales reps to obtain marketing intelligence. With sales force considered to be a strong pillar of the pharmaceutical industry, gaining pointers on their day-to-day operations, and challenges faced, is indeed an asset in improving the pharma industry.
Such weekly and monthly data analysis by IQVIA and leading pharma KOLs will help you understand market dynamics better. Do participate in our polls and keep up with the latest opinions and trends on IQVIA Sales View.
Healthcare's Future will be Patient ExperienceAnup Soans
With healthcare reform now opening the door to more insured patients, it is not overwhelming what we hear nowadays that market access is dead and patient access is the new prescription for healthcare marketing.
Patient access helps when there is precariousness in the benefits, which will never be fully known until a product is used in the real world and over a period of time.
A patient access centered mindset aims to understand the patient and provider pathways, with the ultimate objective that all those patients who can optimally benefit from a product can have the access to the product.
Instead of a win/lose mindset at the core of market access, patient access tries to create win/win/win solutions that lead to value for patients, companies, and the healthcare system at large.
In such a scenario, several issues that should deal with patient access should be addressed such as:
Patient access as a guiding principle across all functions
Developing a clear and compelling value proposition for each stakeholder group
Creating a formal framework for understanding the impact of decisions on patient access
Getting payer input and advice early on
Enhanced patient satisfaction
Improved communication through shared data
Unethical Practices in Pharma - Interesting Study from Pakistan Anup Soans
This study clarifies the current pharmaceutical drug promotion and prescribing practices in Pakistan. The majority of prescribers and national pharmaceutical firms and to some extent the multinational pharmaceuticals are involved in unethical practices in drug promotion and prescribing. Alarming policies governing the drug promotion and prescribing are required to be implemented by the concerned regulatory authorities to avoid unnecessary harm to the patient’s life and pocket through the unethical drug promotion. The prescribers should not accept any incentives, gifts of financial value from any pharmaceutical companies in return for an increase in prescribing selected brand. On the other hand, pharmaceutical companies must compete in the market on the basis of the drug quality and do not offer any valuable gift and incentives to the prescribers. The interaction between doctors and phar- maceutical firms should be restricted within acceptable boundaries and the authorities must be prepared to play an active role. Strengthening the regulatory machinery and formulating policies in this regard in neces- sary. It is essential that a health care professional such as a pharmacist can play an important role in this process since he/she is an expert in the pharmaceutical field as well as more aware of the outcomes of unethical drug prescribing practices such as polypharmacy and adverse drug reactions.
Healthcare in India - a Dystopian World | Book review by Dr. Sumit GhosalAnup Soans
Once upon a time, there used to be something known as the medical profession, comprising of doctors, nurses and others who worked at hospitals. in those good old days, over 90 per cent of hospitals and health centres were publicly owned – central or state government, municipal corporations, companies and so on. there were also a few charitable trust hospitals that functioned in a similar manner as the public hospitals.
Things began to change in the 1980s, when the first ‘for-profit’ hospital (apollo) was set up, and the central government redefined hospitals as the “healthcare industry” making them eligible for bank loans and other forms of financing. and medical professionals became known as “healthcare providers” though some senior doctors didn’t quite like the new designation.
The book, Healers or Predators, is not just timely, but also very appropriate. in his foreword, Nobel Laureate, Amartya Sen describes the scenario as depressing, but the situation is much more – a dystopian world from which there is no escape! the reason is a combination of exploitative hospitals, a callous government, nearly non-existent regulation of all parties – doctors, hospitals, medical gadget manufacturers, and the pharma sector!
The book covers a wide canvas: from the flaws in the Medical Council of India, to moral, ethical and societal questions affecting the medical profession.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
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India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
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Rise of Retail Chemist Power in India - MedicinMan
1. TM
MEDICINMAN
March 2013 | www.medicinman.net
Field Force Excellence
Rise
Anup Soans
Will the Retail Chemist
become the new valuepoint
for pharma marketers?
of the
Retail Chemist.
2. Rise of the Retail Chemist | Anup Soans, Editor
Indian Pharma companies lavish their attention on doctors. Is this trend
about to change with the rise of generics? Will the doctor now play
second fiddle to the retail chemist or will he plunge into retailing as many
have already done according to media reports?
T
he Government of India, for medicines but a variety of FMHGs, With increasing attrition rate of
Medical Council of India, Civil a relatively new term – Fast Moving field force, they are no longer well
Society and many doctors Health Goods. The foot-falls are only connected with the retail chemists.
too, are in favor of prescribing going to increase as people rely on Goods dumped by them in their
generics. This will greatly diminish retail chemists to give them good previous companies work as a
the power of Indian Pharma to add quality FMHG products and other deterrent for them to approach the
tangible and intangible value by way items from band-aids to sanitary pads retail chemists every six months or a
of branding. It will also diminish the whenever they visit for their Rx or OTC year, representing a new company.
power of Physicians, who now can medications. Also in most metros like Bangalore,
only prescribe generics, thus losing The retail chemist has become an the field force is from another city;
their bargaining power with pharma important intermediary between the they do not speak the local language,
companies. It may not happen in the patient and the physician. People which is very essential to connect with
immediate future; but the trend is very feel comfortable and less intimidated the retail chemist.
clear, globally. dealing with a local retail chemist These factors need not be an
Indian Pharma is what it is today as compared to a remote doctor/ impediment if the Pharma companies
because it capitalized on the growing hospital. This discomfort/intimidation can leverage the existing salesmen of
global generic market. Now the shoe has only increased with the vanishing their distributors or even hire more
is on the other foot and it hurts! Will of the FP/GP People can always
. salesmen to serve the unorganized
the diminishing power of pharma bargain with the retail chemist or put retail chemist segment comprising of
and physicians now accrue to the off their purchase, unlike with a doctor, 97% of the total market.
Retail Chemist, who retains a unique for their everyday minor maladies. Whereas the new, emerging, organised
place in adding value to the end-user, The retail chemist also pushes a variety retail chemist segment comprises
the patient? Will the new emerging of feel-good OTC products from aloe- of only 3% of the total market, it is
pharmacy chains become the value vera to protein supplements. There the fastest growing segment. This
points in the healthcare delivery chain is a large opportunity for companies segment will need specialized field
for everyday maladies? to revisit their retail chemist strategy force with business acumen.§
It is a fact that the power of the retail and work through their distributor’s
See also “Retail Sales Management - A
chemist is increasing at a steady pace. salesmen, who are already well Neglected Skill Area in Pharma” by Anthony
People visit retail chemists not only networked with the retail chemists. Lobo in December 2012 issue of Medicinman.
Source: Organized Retail Pharmacy 2011, Northbridge Capital Source: Organized Retail Pharmacy 2011, Northbridge Capital
2 | MedicinMan March 2013
3. Rise of the Retail Chemist | Anup Soans, Editor
1
health & glow
Source: Organized Retail Pharmacy 2011, Northbridge Capital
Brief: Health and Glow is a joint venture in India between Dairy Farm International holdings Ltd. of Hong Kong and
Arko Ltd. Headquartered in Bangalore. It is the largest organized health and wellness player in South India. Currently
has 74 operational stores across four cities Bangalore, Hyderabad, Chennai and Mumbai. Aims to have over 200
stores operational in the near future.
2 Guardian Pharmacy
Source: Organized Retail Pharmacy 2011, Northbridge Capital
Brief: Six year old retail chain in India
offering Pharmacy, Wellness, Health and
Beauty products. Currently serves through 230
outlets. Aims to have 400 operational stores by
2012. Has presence in 26 cities, spread across
North, East and West India. Stores have an
international look and feel. Stores managed by
professionally trained pharmacists.
3 | MedicinMan March 2013
4. Rise of the Retail Chemist | Anup Soans, Editor
3 Appollo Pharmacy
Source: Organized Retail Pharmacy 2011, Northbridge Capital
Brief: Division of the Apollo Hospitals Enterprises – Asia’s largest healthcare group. India’s first and largest branded
pharmacy network. Over 1000 stores serving 24 hours daily. First pharmacy store opened in Chennai in the year
1983. Operating in 17 states across India. Provides genuine medicines from leading manufacturers. Pharmacy outlets
manned by qualified and trained pharmacist.
4
Brief: Part of the Religare group, which amongst other
business interests carries the ‘Fortis’ brand. Pioneering
endeavor within India’s healthcare industry putting health
solutions on the retail map. Incorporates setting up of a
Pan India World Class Retail Network of health stores that
would provide comprehensive solutions under one roof.
Hopes to have a chain of 1000 complete health stores
all across India covering 400 cities by 2012. Stores
managed by professionally trained employees.
Source: Organized Retail Pharmacy 2011, Northbridge Capital
4 | MedicinMan March 2013
5. Rise of the Retail Chemist | Anup Soans, Editor
5
Brief: Established in the year 2006 with the aim of eliminating
the risk of consumers purchasing fake drugs. First store opened
in Hyderabad in February 2006. Presently serves through over 800
pharmacy stores in five states, covering 98 cities and towns in Andhra
Pradesh, Maharashtra, West Bengal, Karnataka, and Tamil Nadu.
Owns India’s first exclusive hospital pharmacy chain – RiteCure.
Launched state-of-the-art diagnostic lab services which can aid
in the prevention, detection, or management of a wide range of
illnesses. Guided by three themes - quality, convenience, and low
prices. Market share: 30% of the organized retail pharma market.
Source: Organized Retail Pharmacy 2011, Northbridge Capital
6 Himalaya Herbal Healthcare
Source: Organized Retail Pharmacy 2011, Northbridge Capital
Brief: Part of the Himalaya Drug Company that was founded in 1930. Specialises in extending only Ayurvedic
products to consumers. Serving across 71 countries. Converted Ayurveda’s herbal tradition into a complete range of
proprietary formulations dedicated to healthy living and longevity. Online purchase option. Global product delivery
model. Monthly contests: ‘Himalaya Babies of the month Contest’. Toll free phone number for Ordering within India.
Personalised messages for gifting Himalaya products. Exhaustive Ayurveda knowledge bank on website.
5 | MedicinMan March 2013
6. Rise of the Retail Chemist | Anup Soans, Editor
7
Source: Organized Retail Pharmacy 2011, Northbridge Capital
Brief: Retail drugstore/pharmacy chain, conceptualized on the foundation of consumer needs. Everything from
medicines to preventive care, specified medications to community health camps. Bangalore's largest walk-in one-stop
drugstore - a pharma brought to perfection with its drive to provide for, and its dedication to consumer service. Single
largest Retail Chain of organized Medical Shops in Karnataka. Over 80 stores in Bangalore and Chennai. Over 20,000
stock keeping units.
8
Source: Organized Retail Pharmacy 2011, Northbridge Capital
Brief: Headquartered in Ahmedabad, is the Consumer products business division of the Zydus Cadila group.
Spearheads the group’s presence in the consumer and wellness segment. Aims to promote ‘healthy living’ by
anticipating the emerging and day to-day needs in dietetic / health foods The Company is focused on empowering
individuals who wish to adopt healthy eating habits and lifestyles. Offers healthier dietary options to the consumers.
First pharmacy brand to be listed on the Bombay and National Stock Exchanges. Serves directly in over 850 towns
through over 500 strong field force.
6 | MedicinMan March 2013
7. Rise of the Retail Chemist | Anup Soans, Editor
9
Source: Organized Retail Pharmacy 2011, Northbridge Capital
Brief: A division of Reliance retail, a subsidiary of Mukesh Ambani led Reliance Industries limited. Aims to add value
to people’s lives by providing products and services that proactively work to enrich people’s body, mind and soul. One
of the latest entrants in the retail pharmacy market. Opened its latest store measuring 3100 sq. ft. in Mumbai in July last
year. Will open 1200 stores by 2012-2013. Includes over 8000 stock keeping units (SKU). Well qualified pharmacists
and Optometrists available at the store.
10
Source: Organized Retail Pharmacy 2011, Northbridge Capital
Brief: Brand of Global Healthline, promoted by Global Influence group. Chain of retail pharmacy stores branded as 98.4
International presence with domestic operations in Delhi and NCR and overseas operations in Europe and Middle East.
Established in the year 2002. Well educated pharmacists attend to customers walking in the company’s aesthetically
beautiful stores 30 stores across the capital region and intends to open near about 400 stores by 2014. Mastered the
aspects of pharmaceutical supply chain. Centralized distribution process and location specific warehouses to ensure
faster delivery of products and merchandise to stores
7 | MedicinMan March 2013
8. 10
Contents (click to navigate)
1. Guest Editorial: Brand Drift Report..............10
Key Learnings from Brand Drift 2013
Prof. Vivek Hattangadi
Pharma Training
2. The Challenges of Training............................11
Is training the key to field force excellence or 11
simply a necessary evil? How does a sales trainer
overcome skepticism and cynicism and drive
value in training?
Rachana Narayan
Career Development for Field Force
3. Hot on LinkedIn: “The tragedy of Pharma sales
profession is - talented people are left behind...
and mediocrity rules pharma.” ...........................15
4. Promote Yourself............................................18 20
Before you get promoted as a leader, you must
start thinking and acting like one. Promotion
starts in the mind.
RM Saravanan
5. Medical Rep Vs. Insurance Advisor..............19
Similar professions with vastly different approaches
and outcomes.
Sudhakar Madhavan
PR for the Medical Rep 27
6. Public Relations for the Medical Rep...........20
PR is the oil that smoothens the sales pitch and
increases turnover. Learn how you can use it to
your advantage.
Anup Soans
9. Contents (click to navigate)
MedicinMan Volume 3 Issue 3
Editor and Publisher
Anup Soans
7. Image is Everything!.......................................22 CEO
The little things that make a big difference when Chhaya Sankath
interacting with your customers. COO
Parveen Gandhi Arvind Nair
Chief Mentor
8. Are You an Opportunist?...............................23 K. Hariram
The current market scenario will reward Medical Advisory Board
Reps who take charge of their territory and learn Vivek Hattangadi; Jolly Mathews
to think and act like businessmen.
Editorial Board
Sharad Virmani Salil Kallianpur; Dr. Shalini Ratan; Shashin
Bodawala; Prabhakar Shetty; Vardarajan S;
Dr. Mandar Kubal; Dr. Surinder Kumar
Medical Rep Knowledge Series
International Editorial Board
9. HEOR: Defining Meta-Analysis......................25 Hanno Wolfram; Renie McClay
A statistical technique for combining the results Executive Editor
from studies identified in a Systematic Review. Joshua Soans
Richa Goyal and Mahendra Rai MedicinMan Academy:
Prof. Vivek Hattangaadi, Dean, Professional
Skills Development
Branding for FLMs
MedicinMan ChangeMakers
Saurabh Kumar
10. FLMs as Brand Bridges................................27
Make a difference in Pharma. Join MedicinMan
FLMs are the critical link between board room ChangeMakers. Write in to our editor to find out
more:
brand strategy and implementation on the field. anupsoans@medicinman.net
K. Hariram Letters to the Editor: anupsoans@medicinman.net
Brand Drift 2013 Highlights
11. BRAND DRIFT 2013 Highlights....................29
Photo Gallery............................................30
Session Summary: “Pharma Marketing:
Leveraging the Digital Platform”............31
Salil Kallianpur
Book Reviews, New Releases
11. “Designing Hospitals of the Future............34
by G. D. Kunders
12. “Pharma Front-line Leader to CEO”...........35
by Vivek Hattangadi
10. me
Ho
Prof. Vivek Hattangadi is a Consultant in Pharma Brand Management and
Sales Training at The Enablers. He is also visit-ing faculty at CIPM Calcutta (Vidyasagar
Guest Editorial
University) for their MBA course in Pharmaceutical Management.
“
vivekhattangadi@theenablers.org
Brand Drift Highlights and Gallery on
Page 29. (click to navigate)
If there is one
event which the
pharma brand
managers would
be looking forward
to every year, it
is undoubtedly
Brand Drift.” Vivek Hattangadi during his session “What the Pharma CEO wants from the Brand
Manager” at Brand Drift, Courtyard Marriott, Mumbai.
M
anaging Brands in Turbulent supported and complimented its from now, private spending on health
Times” was the theme of practical application. The participants can migrate to public spending,
BrandDrift 2013. It was were provided with just the right therefore brand managers will have
designed to give the participants tons amount of theory carefully balanced to looking at brand building from a
of usable content on a variety of issues with just the appropriate amount of different perspective. They may also
related to pharma brand management. do-able skills. That was the ultimate have to integrate KAM into brand
The participants got introduced to success of BrandDrift 2013. management What if the generic
several thought leaders in a short Some very interesting topics were prescriptions become mandatory?
period of time, not only from the discussed. Corporate Branding will assume a very
pharma industry but even those important role, because that will build
The aging method of detailing
not directly related to this industry! business.
products through a visual aid has to
Accepted truths were presented come to an end. Speakers discussed The fear that power may shift away
from a different angle, from different that in this digital era, modern gadgets from medical representatives to an
speakers and that gave an even like iPad, Tablet and many more should electronic channel is irrational. At least
better understanding of the topic. The be utilised. However that does not in India, for the next 100 years, this
success stories shared by speakers mean simply transferring the data from may not be possible. Superb people
have truly inspired the younger VABs to these gadgets – that would be building activities therefore, will be
participants. senseless. essential.
Did BrandDrift 2013 provide real Social networking was another area Training the field force for excellence
learning value for the greenhorn brand which should be looked into for brand should be the fundamental activity
managers? At least when your guest promotion. E-detailing, where a doctor nay; the accountability of the HR.
editor left the hall at 6.30 pm, he was could know about a product at a time Market share of an organization would
a much wiser person than when he and place convenient is a possibility be proportionate to the ‘talent share’ -
entered the hall at 8.30 am. pharma companies in India should an important principle for
the HR to bear in mind. Brand Drift High-
The beauty about BrandDrift 2013 explore.
lights on Page 29.
was the fine balance between theory A very important issue which was BrandDrift 2014 will surely (click to navigate)
and practice. The theory component highlighted that about ten years be even more exciting! §
10 | MedicinMan March 2013
11. me
Ho Rachana Narayan is a Trainer at Invida - A Menarini Company.
She has previously worked in Medico-Marketing at Torrent
Pharmaceuticals.
Training rachananarayan1011@gmail.com
The
Challenges
of Training
“ Training means to reprogram the brain to lose previous
habits and replace them with better new ones. That requires
efforts, time, experience, self-realization and rectification and
practice. In a nutshell, it is a time-taking process and cannot
be achieved in few days.
11 | MedicinMan March 2013
12. Challenges of Training | Rachana Narayan
E ”
ven though the importance opting for management/higher Research has proved
of training is well established studies have made selection process that 80–90% of learning
in the Pharma industry, it is more challenging leaving few is lost in a month after
always the first to get axed during candidates for entry-level jobs. All
training if not used and
crisis. these factors bring new challenges
practiced in the work on
There is always a debate on the to training. Now, more time need
a regular basis.
impact of training on performance. to be invested on the candidates
The company often expects a teaching basics of Pharma, anatomy The 2012 salesperson
tremendous improvement in and physiology. It takes more time Onboarding Survey
performance but they forget that for some candidates with commerce results have also proved
the science of learning is a complex and arts background to achieve the that salespeople, who
process. Training is not just about understanding level of others with were most satisfied
teaching, reading and understanding; science background and trainers
with their onboarding
it is more about imbibing the need to find ways to simplify learning.
processes, got up
learning. Training means to Simulating Real to speed 34% faster
reprogram the brain to lose previous 2 Environment: i.e. 4 months earlier,
habits and replace them with better
Training always faces than those working
new ones. That requires efforts,
the challenge of simulating field- for companies who
time, experience, self-realization
environment. Very often trainees reported that they were
and rectification and practice. In a
complain that doctors do not have less satisfied with their
nutshell, it is a time-taking process
time, no questions are asked, and
and cannot be achieved in few days.
onboarding processes.
no one wants to listen to product
Yet, training provides direction and detailing. Even though these consumes more time and hence, less
shortens the learning curve which complaints are true to some extent, attention. This imposes constraints
facilitates speedy results if followed these need an attitude change and of time for participation. So training
and practiced. development of skills to handle turns into lecture making trainees
a passive listener and slowing
Training today has evolved to a great silent barriers. Training has though
the learning experience. Lack of
extent and is both an art and science. evolved with the market to transfer
appropriate practice causes the skill
It is more dynamic, understands the apt skills; it has to be in-sync with
to be forgotten and never imbibed.
learning process and utilizes it to train the real-life situations. We also need Research has proved that 80–90%
adults more effectively. Yet, there are to learn and transfer Ekta Kapoor’s of learning is lost in a month after
always some challenges in achieving style of storytelling to instill curiosity training if not used and practiced in
the ultimate goal. Some of those in doctors and make them interested the work on a regular basis.
challenges include: in listening. Above all, training has The 2012 Salesperson Onboarding
to involve at least a few managers in Survey results have also proved that
Selection of salespeople, who were most satisfied
1 representatives:
every batch in order to make use of
their experience making role plays
with their onboarding processes,
got up to speed 34% faster i.e. 4
Profession of medical more realistic. months earlier, than those working
representatives once very sought
for companies who reported that
after, is no more lucrative now. Appropriate
Globalization with surge of many
3 time for
they were less satisfied with their
onboarding processes. Those most
new career opportunities has taken learning events: satisfied also had onboarding
away the charm from the profession. Budget constraint causes the trainees programs twice as long as those least
Secondly, more science graduates to be a large group of 20-30 which satisfied.
12 | MedicinMan March 2013
13. Challenges of Training| Rachana Narayan
Refresher
4 must be more
refreshing: My
experience with refresher training has
always been average. I have mostly
seen people losing interest, taking
it for granted or getting bored with
almost same syllabus being repeated.
So, it’s always wise to design refresher
courses with more focus on the skills,
innovative ways of learning, relating
more to visual and kinaesthetic
learners rather than mere lectures. It
actually needs a brain-storming and
more innovation to make refresher
more fruitful. It should involve
strategies and formats that keep
the trainees engaged, motivated,
increases retention, forces them to
think and come out with solutions.
High attrition: “It’s always wise to design refresher courses with
5 As per the survey done
more focus on the skills, innovative ways of
by Interlink Marketing
learning, relating more to visual and kinaesthetic
consultancy, published in
International Research Journal (2010),
learners rather than mere lectures. It actually needs
Indian Pharma sector suffers a high a brain-storming and more innovation to make
attrition rate of 30-35%. This often refresher more fruitful.”
evokes a doubt if training should
be given to the new joiners or it All these facts prove beyond doubt retention, motivation, sales figures,
should be halted till the team gets personal and organization growth.
that training is a motivational factor
stabilized. I would like to draw the
for employees and hence cutting A right training program is like right
reader’s attention now to another
the cost of training would never be a fit shoes, for the employees, which
fact published by the same paper
positive factor in increasing income of can be long-lasting, hassles-free, and
which stresses on the role of training
the company. comfortable. Hence, for training to be
in reducing attrition. Another study
of any use, it needs to be part of the
by Felstead and colleagues (2010) Conclusion wider company plan, embedded in
proves that the majority of trained
Having said all this, I would like to
everyday practice”. §
employees (59.8%) had improved
emphasize that good quality training
job satisfaction following training.
continues to pay back over the years.
They also found training increased
It is the backbone for employees’
motivation and performance.
13 | MedicinMan March 2013
14. S
Ad
Training that
From the team that brings you
MedicinMan, Brand Drift, Field
Force Excellence seminars and
other breakthrough learning and
development events.
tands Out
Training that is RELEVANT and grabs the
ATTENTION of the participants, appealing to
EMOTIONS and firing the INTELLECT to bring about
CHANGE in MINDSET and BEHAVIOR on the FIELD
leading to VALUE CREATION in the DOCTOR’s
CHAMBER and REPEAT Rx for the Company.
For customized programs for Medical Reps, Front-line Managers and Senior Professionals call:
+91 93422 32939 | anupsoans@medicinman.net
14 | MedicinMan March 2013
15. me
Ho
Hot on LinkedIn
“The Tragedy of the Pharma Sales Profession is - Talented
People are Left Behind… and Mediocracy Rules Pharma.”
Discussion Leader
Madhu Mangal Kaushal | http://lnkd.in/aCaXAb
“Madhu - professionals have to learn to promote themselves not just their company’s
products!
What is your unique strength through which you can make a unique contribution?
Sell it. We are but an idea - need to show how it can work!”
- Anup Soans, Editor @ MedicinMan.
“I strongly agree with the point raised by Madhu. But as Anup Soans said, we have to
learn to promote our selves. But irony is that no interviewer wants to listen to facts or
ideas of the candidate. Recently, in one Pharma Company, my bosses told me not to
work in field instead manage the figures by sitting at C & F office. He says this is smart
work. I have been struggling in Pharma, though I have a brand of sincere worker in field
because I do not have a godfather. But some people whom I have seen are growing
just because they have this god fathers and these godfathers help them though they
swindle money or they report false calls. But I have not lost confidence, definitely
somebody will recognise us.”
- H Devi Prasad - Regional Business Manager Hyderabad
“Sincere to the organization,good productivity will be secondary, the primary duty
in present trend is, you are expected to be ‘Yes Master’ to your boss, ensure perfect
completion of work entrusted to you, in addition play some dirty politics in regards to
your competitors. Promote yourself among your seniors and subordinates .I am sorry to
say that naturally talented people see their way up the ladder by means of pure merit.
Interpersonal and communication skills are the important skills needs to be improved
and practiced.”
- Manjunath Chintamani, Experienced Senior Trainer/Business development consultant,Visionary
Entrepreneur
15 | MedicinMan March 2013
16. Hot on LinkedIn
Hot on LinkedIn
“We are in the job of sales & marketing thus unless we do not sell ourselves the
frustration will prevail. There are people of different psyche and one cannot expect from
all to be honest, truthful, sincere and trustworthy, still one has to create his/her own
space so not to be bogged down by their unfair means.”
- Alok Dikshit.
“In pharma industry people often get elevated or get bigger responsibility because of
their sales performance. That is an utterly wrong idea. Many organizations do not have
any other way to reward the employee for sales performance except to promote them.
Educational qualification and conceptual/human/technical skills are often ignored due
to lack of systematic approach.”
- Govind Tiwari, Regional Manager at Zuventus Healthcare Limited,Delhi
“Great point, Govind. Sales performance is the easiest parameter to measure. Others
like leadership and behavioural traits, Emotional Intelligence, Communication Skills are
much harder to measure.
Educational qualification can predict managerial competence, not leadership.
The best way is to identify the high potentials and give them opportunities to lead/
manage. For example, give them a role in onboarding new MRs, appointing and
managing distributors in a smaller territory. Additional task of managing a vacant
territory - stretch goals that bring out initiative, risk taking and other leadership traits.
There are so many ways to enable performing MRs to reach their full potential. But
the biggest responsibility for growth lies within the individual - if they are determined,
nothing can stop them, if not nothing can help them.
The best way to learn swimming is not just by reading about it but by getting into the
pool with an experienced swimmer. The best way to move up the ladder is by taking
initiative to lead/manage whenever opportunity comes your way.
Most sales people are so busy in ‘operations’ that they do not take time to expand their
horizons. Pharma sales is a great stepping stone, but unless you continuously read up
and skill up, you will not be able to capitalize on opportunities and it will become a
grinding stone! Pharma sales people who have moved into related sectors like medical
publishing, CME, healthcare communications/advtg, pharma analytics, market research,
consulting, PR have done extremely well.
In a 15-year career one must read at least 50 good books - how many have done it?
Is there an excuse for not investing in yourself?
Even in the best run pharma companies, not all can move up. One must know when
and how to move out. Career planning is an important skill and all that most people in
pharma sales do is to jump from one company to another without much planning.”
- Anup Soans, Editor @ MedicinMan
16 | MedicinMan March 2013
17. Hot on LinkedIn
Hot on LinkedIn
“ The point is when one feels that he is the best and should have got it and somebody
else gets it. Is it because the other is better or you have not projected yourself better?
The fact lies in the saying, managing oneself and managing one’s boss - both are
important today to come up in an organization and of course unless you have the
confidence in yourself that you can make your own future and destiny. Self confidence
and self propulsion are both important and need to be balanced based on capabilities
and the right aspiration to work along.”
- Varanasi Ramprasad.
“@ Ramprasad..You have touched a right point by saying ‘Managing oneself and
managing one’s boss - both are important today to come up in an organization and of
course unless you have the confidence in yourself that you can make your own future
and destiny. ‘
I would like to add Albert Einstein once said, “Politics is more difficult than physics.” The
same might be said of the practice of management.
Managing others may not be complex, but it is certainly not easy. What often appear to
be simple, straightforward principles can be deceptively difficult to implement.
Managing yourself and others is a dynamic process—one in which the players, and
sometimes the rules, are always changing. However, you can approach it strategically.
It starts with knowing yourself—what really motivates you, your strengths and blind
spots. Really understanding yourself can be a difficult and enlightening process. The
more accurate and nuanced your understanding of yourself is, the greater your chances
of being able to put yourself in environments and situations that play to your strengths.”
- Ajay Kumar Dua, Divisional Head, Pharmaceutical Professional, New Delhi
“@ALL, Gr8 interesting comments from all on a very interesting topic. But as per my
experience, good work culture and your sales figures / achievements do speak for itself.
You can be stopped once, twice, from growing but not all the time. Yes there is a need
to promote oneself as we are in selling business and one needs to sell himself to grow.
But just by being a YES BOSS MAN , can we sustain long term growth? You have all
the right to express your views be a critic also to your boss’ decisions. Might be that he
might not like it, but if he is on the same road, he will understand your viewpoint and If
he doesn’t, then probably You are not working under a right mentor/ coach/ godfather
and you need to change your track . @Mr Alok Dikshit My experience has given me to
understand that it is the right decision taken at right time with right set of skills in a right
direction..with of course some one to guide and coach can catapult the career. . That
absolutely stands true.”
- Harmeet Singh, Regional Business Manager - with VERITAZ
17 | MedicinMan March 2013
18. e
Hom xxx | yyy
RM. Saravanan is a corporate trainer & author
of the books - ‘Reveal Your Genius’ & ‘The Winning
Edge. He was formerly Manager - Training at
Chiron Panacea Vaccines.
rmsaravanan1000@gmail.com | revealyourgenius.co.in
Before you get
promoted as a leader,
you must start thinking
and acting like one.
P
romote Yourself’ is a In a nutshell, I improved my 3. “Till now, I was an average
concept I internalized standards of excellence, so that I communicator. From today, I’m
in the year 2003. I started feeling like a leader. going to invest 30 minutes daily
remember, I went for a promotion to improve my communication
The moment I started working and
interview but I didn’t get selected. so that I become a master
thinking like a leader, leadership
My initial response was anger and opportunities came in search of me. communicator. My days of being
disappointment. But within few From that time, I never missed an an average communicator is
minutes a realization hit me: to get opportunity to promote myself. over”.
promoted as a first-line manager is If you are inspired to promote
There are innumerable ways to
in the hands of my organization and yourself, start now. Your career
promote yourself.
it is not in my control, but promoting will not be the same, once you
1. “Till yesterday I worked like a
myself as a leader is in my hands internalize ‘Promote Yourself’ as
salesman and from today, I’ll
and I didn’t need anybody else’s help your habit. You’ll reach a position in
be a sales professional and my
to become one, if I so decided. That your career, where no one else has
salesman days are over”. In this
moment, I elevated myself as leader reached. Wishing you all success for
approach, you bring a greater
and I consciously started behaving your glorious future.§
customer-focus, as you become
and working like a leader.
a professional.
I started travelling everywhere by
2. “Till now, I was a very passive
first class or AC, I started wearing
person and from today, I’m
only best of the shirts, ties and
becoming an assertive person.
shoes, I stayed only in hotels where
My days of passiveness are
managers stay and I also improved
over”. And you start your
my vocabulary and language.
day with the thought of your
In my approach, I became solution
promotion as an assertive
provider rather than being a
person.
problem-finder and started looking
for opportunities to appreciate
people and their work.
18 | MedicinMan March 2013
19. me
Ho
Sudhakar Madhavan is an independant trainer at
Vibrant International Training and Consulting Pvt. Ltd.
Career Development smsudhakar@gmail.com
Vs.
Indian Pharmaceutical Industry is a highly organized industry operating successfully and growing in double digits. It has a well
structured network of Manufacturers, C&F Agents, Distributors, and Retailers. Similarly, Insurance industry has a well structured
distribution network and is governed by the rules of IRDA. The huge volume of business generated by both these industries
depends on the field work of salespeople - Medical Reps and Insurance Advisors. There’s a lot that Indian Pharma can learn
from the Insurance industry.
19 | MedicinMan March 2013
20. me
Ho
Anup Soans is the Editor of MedicinMan
and the Author of 3 Books for Pharma
sales Professionals.
PR for the Rep anupsoans@medicinman.net
“I Don’t Know
Who You Are.
I don’t know your company;
I don’t know your company’s products;
I don’t know what your company stands for.
I don’t know your company’s customers;
I don’t know your company’s record;
I don’t know your company’s reputation.
Now, what was it you wanted to sell me?”
Public Relations for the Medical Rep
A
ccording to Al Ries, the magazines, etc. Public relations is The time for developing a relation-
author of Marketing is often considered as one of the most ship is not when you want something
Warfare, “In warfare today, important activities for promotions. from someone. Therefore:
the primary weapon is air power. Public Relations (PR) is an excellent ΦΦ Have a plan to develop a
You can’t win a war unless you first tool to cultivate relationships that relationship before the need
control the skies. Furthermore, you arises.
will help your cause and increase
don’t attack with your infantry until ΦΦ Be a part of activities and
your productivity. Imagine the
the enemy is first ‘softened up’ by associations in which you can
doctor, the chemist and the hospital
air power. In marketing, PR is the air get to know your prospects and
official being chased by hundreds of
power and selling is the infantry. You their interests.
Medical Reps, all trying to sell their
shouldn’t run an infantry attack until ΦΦ Plug into the physical and
products as the best option. The
you first soften up the mind of the virtual networks to which your
success prospects in such a situation
prospect with PR - air power.” prospects are connected.
are uncertain. However, if you have ΦΦ When someone within the
Public relations include ongoing
cultivated your relationship with your prospect’s circle of influence
activities to ensure the company
prospects through other avenues, speaks well of you, it has more
has a strong public image. Public
where the focus is on listening to impact than efforts to blow your
relations activities include helping the
their stories, it is more likely that the own trumpet. The prospect will
public to understand the company
be primed to interact favourably
and its products. Often, public prospects will now want to hear your
with you and may look forward
relations are conducted through the story with interest and will act in your
to meeting you to confirm the
media, that is, newspapers, television, favour.
feedback about you.
20 | MedicinMan March 2013
21. Public Relations for the Medical Rep | Anup Soans
“ The Medical Rep is the Ambassador of the company in the territory allotted to him. He must become
a member of professional bodies that will develop his personality and networking skills. Marketing
associations, advertising clubs, PR associations, the Lions Clubs, the Rotary Club and Jaycees are all
excellent avenues through which to interact with other professionals and learn business skills.
”
ΦΦ A friend’s word about you magazines. By reading magazines and surfing related websites would
and your company are more such as ‘Pharmabiz’, ‘Pharma Pulse’, enlarge your horizons and improve
powerful than all external ‘Business World’, ‘Business Today’ the quality of your interactions with
communication about your and ‘Business India’, you will come your territory constituents.
product. across news items regarding your Public Relations at the personal level
company. Whenever you come
The Medical Rep is the Ambassador implies networking with your senior
across a favourable coverage for
of the company in the territory colleagues and managers from other
your company or products, you
allotted to him. It is his responsibility companies and seeking mentors
must show such reports to doctors,
to cultivate and project a positive who will guide you. If you have
chemists and distributors, as they
image of his company through his developed your PR skills, you will be
will project a positive image about
actions. able to perform well in your role as
your company. Watching business
A Medical Rep can project a good a Medical Rep when compared to
channels such as CNBC regularly
corporate image of his company others around you. If you take care
in his territory in several ways. A This article is a to utilise your time to expand your
primary way is by acquiring all the chapter from the book horizons, opportunities will come
knowledge, skills and attitude that HardKnocks for the knocking, and before you know it,
GreenHorn by Anup your talents will be recognised and
could make him a well-rounded
Soans.
professional. He must become a rewarded.
member of various professional Public Relations is gaining impor-
bodies that will develop his tance as an effective business tool.
personality and networking skills. Being knowledgeable about PR
Marketing associations, advertising and practising it will improve your
clubs, PR associations, the Lions performance and add to your career
Clubs, the Rotary Club and Jaycees prospects. PR is one skill that will
are all excellent avenues through develop you as an individual as you
which to interact with other network and build relationships with
professionals and learn business people who have the power to help
skills. The Medical Rep must you achieve what you want in busi-
HardKnocks is
volunteer his services for community ness and life. §
written for young
and health check-up programmes professionals
and treatment camps. entering the industry
and is intended to
Being a good corporate citizen is
equip them with the
an attribute that companies actively necessary Knowledge,
cultivate at the corporate-level. A Skills and Attitudes
Medical Rep must be able to project that lead to success.
this image locally. One of the ways
to improve your English language
skills is by reading newspapers and
Find out more here. anupsoans@gmail.com
21 | MedicinMan March 2013
22. me
Ho
image is Parveen Gandhi is
Director, Image-Gurus
Consulting.
gandhi.parveen@gmail.com
i
Everything
Alan came across as a promising young sales executive,
though he preferred to be called an MM (Marketing
Manager). Alan greeted me with a smile and a perfect hand
shake. I quite liked his pitch and his effort to make me
his next customer. However, there was something amiss
“There’s no dearth of
in his attire and appearance. He did what he could to the
best of his ability and left his visiting card with MM boldly
sales people coming embossed on it.
to your doorstep to
My inquisitive secretary, Natasha asked “Why did you send
Alan back so quickly?” I said “I would have appreciated Alan
woo you into buying and his organization, if they would have worked a little more
their products and
on making good impressions on the minds of customers”
There’s no dearth of sales people coming to your doorstep
offerings. But the to woo you into buying their products and offerings. But the
big question is “How
big question is “How many of them make the right impact,
the first time?”
many of them make So what if you are a Sales Executive, Manager or even a
the right impact, the CEO, the hyper competitive market demands a confident
image as a first step to success.
first time?” Self Confidence, Right Attitude, Power Dressing, Body
Language and Etiquette are essential to make a great
First Impression that creates trust and leads to lasting
relationships. §
22 | MedicinMan March 2013
23. me
Ho
Sharad Virmani is Vice President Marketing and
Sales at Comed Chemicals and Pharmaceuticals.
Market Insight virmanis@gmail.com
“
The Pharma Sales profession is in the midst of a radical change. Pharma sales is no longer a numbers game alone now.
Simple selling will be a thing of the past. The selling that will remain, will be sophisticated and demanding. The
salesperson of the future will have to be a sharp, creative problem-solver, a value-creator and an opportunist.
W
ith 348 drugs includ- in terms of the numerical size of the the type of customer audience we
ed in the Essential sales organisation. are catering too.
Drugs List, the Market Simple sales will soon be a thing of Pharma companies will have to
is going to see cut-throat competi- the past. The selling that will remain learn how to sell differently and
tion among Pharma companies. will be sophisticated and demand- restructure their sales forces in
The whole focus will be on com- ing. The salesperson of the future ways that address the evolving
pensating depleted volumes of will have to be a sharp, creative requirements of the market. This
these 348 drugs and generating problem-solver, a value creator and will inevitably mean changes not
profits from New Entities or existing an opportunist. He will need to be only to the numbers employed but
non regulated drugs. a person who can map customer also in the types of salespeople
On one front companies will be needs, understand customer psyche they retain and hire.
fighting it out for common brands and deliver key messages and Today, it is not about employing
at same prices and on the other services accordingly. These changes ‘better talent’, it is about employing
hand there will be a flurry of new will demand a high level of skills and the ‘right talent’.
products which are out of this List professionalism.
What is this “right talent”?
of Essential Drugs. Value is a recurring theme in today’s
Is it a Medical Rep with just “Good
The pharma sales profession is marketplace. Customers – whoever
Product Knowledge”? No.
in the midst of radical change. they may be – are looking for value,
Is it a Medical Rep with just “Good
Pharma sales is no longer a num- and value means different things to
Selling Skills”? No.
bers game alone now, at least not different customers depending on
23 | MedicinMan March 2013
24. Are You an Opportunist? | Sharad Virmani
What is needed today is a “Sharp
Businessman” who explores and
creates an opportunity not only
through knowledge or selling skills
but by “opportunistic posturing”
by satisfying his need through
changing business prepositions
time and again as per customer’s
need, for continuity of business.
The new sales force will have to
deploy their talent in fundamen-
tally different roles compared with
“
the past, introducing an entirely
What is needed today is a “Sharp Businessman” who
new talent mix.
explores and creates an opportunity not only through
The key issue for any sales organ-
knowledge or selling skills but by “opportunistic posturing”
isation today, is to ensure they
have the right people in the right by satisfying his need through changing business preposi-
roles to address the market in new tions time and again as per customer’s need, for continuity
and more relevant ways. of business.
With the current imperatives,
Pharma companies have to their skills further sharpened in this To conclude, the time has come for
change their approach. This is new art of “continuity of business” pharma companies to:
driving a requirement for sales warfare in the training sessions.
ΦΦ Unleash new breed of “brand
talent with an entirely new com- But this alone will not bring in suc- ambassadors”
petency profile. cess.
These “opportunists’ will need a well ΦΦ Search for the new talent -
The big question is: “is the new
coordinated support system. Success “Opportunists”
talent readily available?”
will depend upon how innovative,
The answer is a big “NO”. ΦΦ Change training modules to
sharp and flexible the company and
harness these “ Opportunists”
The pharma industry recruits marketing teams are and on the
either “the guy with sufficient sci- speed of higher-ups and market- ΦΦ Marketing to adopt open and
entific knowledge” or a “guy with ing to respond to customer needs. dynamic policies to support
sharp selling skills” but what the Because needs would vary from these “Opportunists”
industry needs today is an “op- customer to customer and visit to
ΦΦ Stake holders to show more
portunist” who can aggressively visit, there cannot be a fixed market-
flexibility, speed and innovation
drill a hole in the “customer’s mind ing approach.
towards “Opportunists” for en-
and pocket” , selling a “new value Moreover, the moral and ethical
suring “continuity of business”. §
proposition” every time he meets standards of the organizations will
him, to maintain continuity. also be tested and therefore the Watch out for Sharad Virmani
Such “opportunists” who are need for flexibility and sharp alterna- on “Employee Loyalty in
sharp, intelligent, advantage tive responses to stay close to moral Pharma” in MedicinMan April
seekers and persuasive, have to and ethical standards to maintain ‘13. Subscribe to MedicinMan
be tracked during recruitment and here: http://eepurl.com/tKss5
continuity of business.
24 | MedicinMan March 2013
25. me
Ho Richa Goyal is a Consultant (HEOR, Pricing Mahendra Rai is a Senior Consultant
and Market Access) at Capita India, Mumbai. She (HEOR, Pricing and Market Access) at
is an expert in HEOR, Market Access, Outcomes Capita India. He is an expert in HEOR,
Research and medical communications services. Market Access, and Outcomes Research.
richapharmacist@gmail.com mahendra.rai@gmail.com
Defining Meta-Analysis
This article is third in a series on Health Economics and Outcomes Research (HEOR) by the authors. HEOR is an integral part
of Evidence Based Medicine (EBM). See MedicinMan January and February 2013 for the other two articles.
M
eta-analysis is a statistical significant effects. Furthermore, it 2. To calculate effect sizes
technique for combining gives more precise estimates of the In meta-analysis outcomes are
the results from studies size of any effects uncovered usually summarised in the form of
identified in a Systematic Review ratio of the frequency of the events
4. A good meta-analyses allows
(See “What is Systematic Review?” in the intervention to that in the
readers to determine the reason-
in MedicinMan February 2013). It control group. The most commonly
ableness of the decisions taken and
should include limited heterogeneity summarised measure of effect size
likely impact on the final estimate of
and the results can be presented as used are the odds ratio and the risk
effect size
ratio (relative risk). An odds ratio of
forest plots.
Performing 0.5 implies around a 50% reduction
Need & Advantages Meta-analyses
in the defined event in the treated
group compared with the controls.
1. One of the foremost
1. Collecting and assessing Different methods are used for
requirements for conducting a
relevant studies. combining odds ratios, relative risks
meta-analysis is a well-executed
Relevant studies are selected and other outcome measures such
systematic review. The quality of a
by searching several electronic as risk difference or hazard ratio.
meta-analysis depends whether the
databases (like, MEDLINE, EMBASE, 3. Sensitivity analyses
original review was partial, flawed
and Cochrane Central Register of It is generally necessary for meta-
or otherwise unsystematic. Meta-
Controlled Trials). Apart from this analysts to carry out sensitivity
analysis offers a logical and helpful
hand-searching is also done so as to analysis. A good sensitivity
way of dealing with a number of
ensure not to miss out any relevant analysis explores the effect of
practical difficulties hampering
study. After including all the relevant excluding various categories of
effectiveness of research. studies; for example, poor quality
studies, decision is taken about
2. It helps in overcoming bias the study quality. The two scales or unpublished studies. It also
3. Meta-analyses, combining most commonly used are those examines the consistency of results
results from different trials, has more developed by Chalmers et al and across various subgroups (patient
power to detect small but clinically Jadad et al. group, type of intervention or
setting).
25 | MedicinMan March 2013
26. HEOR: Defining Meta-Analysis | Richa Goyal & Mahendra Rai
“
Meta-analyses offer a quantitative approach for synthesizing clinically useful evidence. However, the
execution of meta-analyses is limited by the quality of the underlying studies (The GIGO principle
of ‘garbage in, garbage out’). Meta-analyses can be an important method of resolving therapeutic
uncertainty especially for healthcare managers and clinicians.
4. Forest plot 5. Heterogeneity of treatment effect is the same
Data from meta-analysis can be One of the commonly occurring (fixed) across all studies. Random-
displayed in the form of a Forest problems with meta-analyses is effects models (REM) assume
plot. A hypothetical example is to mix studies that are different that the treatment effect really
shown in Figure 1. This displays the from each other (heterogeneity). does vary between studies. Such
The studies can differ in patient models increase the variance of the
findings from each individual study
population, healthcare facilities, summary measure, making it more
and also the combine effect after
interventions and the primary difficult to obtain significant results.
meta-analysis. The size of the square
endpoints (survival, progression, and REM should be used along with
is proportional to the weight each
relapse). These differences between FEM when heterogeneity is high in a
study gets in the meta-analysis.
studies lead to heterogeneity. The meta-analysis.
A horizontal line (usually the 95%
test, which is commonly used to
confidence interval) is drawn around Conclusion
check heterogeneity is Cochrane’s Q,
each of the studies’ squares to Meta-analyses offer a quantitative
a statistic based on the chi-squared
represent the uncertainty of the approach for synthesizing clinically
test but may not be very reliable
estimate of the treatment effect. The at times. A more reliable test is useful evidence. However, the
aggregate effect size obtained by the I2 statistic (Figure 1). It scores execution of meta-analyses is limited
combining all the studies is usually heterogeneity between 0% and by the quality of the underlying
displayed as a diamond. In this 100%. Further 25% corresponds to studies (The GIGO principle of
hypothetical example, the final effect low heterogeneity, 50% to moderate ‘garbage in, garbage out’). Meta-
size (diamond) is on the right side of and 75% to high. If heterogeneity is analyses can be an important
the line of no effect, and thus shows absent or low, the analysis employs method of resolving therapeutic
paroxetine as a better therapy for the fixed-effects modelling (FEM). uncertainty especially for healthcare
one of the outcomes. This effect assumes that the size managers and clinicians. §
Fig. 1
26 | MedicinMan March 2013
27. me
Ho K. Hariram is the former MD (retd.) at
Galderma India. He is Chief Mentor at
MedicinMan and a regular contributor.
Brand Management khariram25@yahoo.com
FLMs as
BRAND
BRIDGES
“
FLMs act as a great bridge between market and brand management. They
ensure 100% implementation of the strategies by the MRs. They also play
a crucial role in gathering variety of market related information, customer
feedback, implementation related issues and translating them into mean-
ingful ‘feedback’ to the brand management team.
27 | MedicinMan March 2013
”
28. FLMs as Brand Bridges | K. Hariram
T
he brand image that carries exercise. This includes meeting the It could be only BRAND MAN-
emotional connection con- key customers and opinion leaders AGEMENT and therefore, BRAND
sists of the many manage- during joint field work. MANAGERS.
able elements of branding system, FLMs also play a crucial role in Brand management is the voice and
including both visual image assets gathering a variety of market-relat- image that represents your business
and language assets. ed information, customer feedback, plan to the outside world. What your
The process of managing the brand implementation-related issues and company, products and services
to the business plan is important not translating them into meaningful stand for should all be captured in
only in 'big change situation´ where 'feedback' to the brand management your branding strategy, and repre-
the brand redefinition is required, but team, at regular frequency. Instead of sented consistently throughout all
also in the management of routine taking a complaining stance, proper your brand assets and in your daily
marketing variables and tactics feedback with suggestions will help marketing activities.
Having said this, let us look at the in completing the loop. This will also “Long-term brand equity and
role of MRs and FLMs in brand help in immediate course correction growth depends on our ability to
building. The key to success of any and proper implementation. successfully integrate and implement
strategy is IMPLEMENTATION. Before FLMs act as a great bridge between all elements of a comprehensive
doing this the MRs & FLMs have to market and brand management. marketing program.” says Timm F
understand clearly every aspect of This synergy goes a long way in Crull, Ex- Chairman & CEO of Nestle.
the strategy. It may be: every aspect of brand building. More §
1. Brand positioning importantly, brand building requires
2. Brand's attributes a tremendous amount of emotion-
3. Product knowledge al connection with the brand and
4. The Communication - including everything that goes into building it.
thorough practice The passion, the enthusiasm and the
5. The “what” and “why” of the energy put behind at all levels go a
resources provided long way in building the brand.
6. “When”, “where” and “how” to use Brands are first built in the mind of
the resources brand manager (strategy level) and
7. Target selection of customers, if then it is built in the minds of MRs
any. and FLMs (execution level).
8. The pre-planning required “A brand is a living entity – and it is
9. Possible questions and objections enriched or undermined cumulatively
- how to handle it over time, the product of a thousand
When the strategies are being small gestures” says ex-CEO Michael
explained, they should clarify all the Eisner of Disney.
doubts and have complete clarity. We must never forget that building
The FLMs play a very crucial role in brand equity is like building a close
ensuring 100% implementation of friendship.
the strategies by the MRs. So 'joint It requires a consistent relationship
field work' and 'on-the-job coach- over time, trust, and an emotional
ing' plus 'close monitoring' of all the connection. Who else could steer this
activities becomes part of the key in the context of our Pharma indus-
anupsoans@gmail.com
success factors in brand building try today ?
28 | MedicinMan March 2013
29. me
Ho
2013
BRAND DRIFT
highlights
Healthcare
Silver Sponsor
Agency Partner
Produced and Directed by
30. e
Hom Brand Drift 2013 Highlights
Photo Gallery
The Stage is Set!
Brand Drift was held at the beautiful
Courtyard Marriott in Mumbai.
Jolly Mathews (left), Member of MedicinMan Advisory Board felicitating
Anup Soans (right), Editor, MedicinMan. At the Networking Breakfast
Amlesh Ranjan, Asso. Director Sanofi, sets the tone for Brand Drift
Chhaya Sankath, CEO Knowledge Media Venturz, welcomes delegates.
2013 with his keynote address “Crystal Gazing into Pharma”.
Arvind Nair, Conference Director, felicitates a participant. Kiran Khalap enthralls the audience.
30 | MedicinMan March 2013
31. Brand Drift 2013 Highlights | Salil Kallianpur
Session Summary
Susan Joshi, Managing Partner, Sorento Healthcare
Salil Kallianpur, Commercial Head, Classic Brands Center of Excellence, GSK Manish Bhagat, Chief Manager, Strategic Mktg., Abbott Healthcare
Session: “Pharma Marketing - Leveraging the Digital Platform”
Session Chair: Salil Kallianpur, GSK. Panelists: Susan Joshi, Sorento Healthcare, Manish Bhagat, Abbott
Salil Kallianpur “Internet-savvy for professional purposes quite
Technology has prompted physicians are no longer frequently.
2/
drastic changes in the marketing an “emerging group” – Mobile technology has
world over the past decade, nearly all physicians are played a significant
and pharmaceutical marketing online for professional role in increasing physicians’
has not been excluded from this purposes quite dependency on online resources
evolution. frequently. “ – a majority of doctors own
Faced with shifting consumer ‘smartphones’ and are using
“Brand Drift 2013”- MedicinMan’s
and physician media preferences them to supplement their desk
annual gathering of pharma
and shrinking budgets - what is or laptop computer usage to be
brand managers in Mumbai.
a smart pharmaceutical marketer “always on.” Hence it is important
My co-panelists, Susan Josi,
to do? The task is best summed
CEO of Sorento Healthcare and to re-evaluate the promotional
up by the words of Charles
mix to ensure that promotional
Manish Bhagat, Chief Manager,
Darwin, “It is not the strongest
efforts take into account the
of the species that survives, nor Strategic Planning, Abbott, shared
valuable insight and a case study physician shift toward digital
the most intelligent that survives.
of Abbott’s digital platform, channels.
It is the one that is the most
adaptable to change.” So change
one must.
Knowledge Genie. Some of the
key take-away messages from the 3/ Online journals, virtual
conferences, physician
I had the privilege of chairing session were: social networks, and other
1/
a panel discussion on the professional online sources
Internet-savvy
opportunities for pharma physicians are no provide marketing opportunities
marketing to leverage the digital longer an emerging group – to reach physicians through
platform at the recently held nearly all physicians are online alternate channels.
31 | MedicinMan March 2013
32. Brand Drift 2013 Highlights | Salil Kallianpur
4/ Physicians rely heavily on search engines
when researching medical and pharmaceutical
information online, with Google being the most
popular engine among this group.
5/ Paid search and search engine optimization
strategies can help drive physician visitors to
customer service portals.
6/ Patients and health care consumers are
online specifically for pharmaceutical or
prescription drug information, beyond just looking up
general health resources.
7/ Individuals obtain this information from a
variety of sources, including blogs, insurance
sites, general health portals, government sites,
Wikipedia, online communities, and through the
corporate and brand sites set up by pharmaceutical
companies.
8/ Personalized engagement with customers
is a great way to build sustainable and
differentiated relationships.
9/ A sustained online relationship can provide
key insights into behavioral and demographic
attributes for profiling. This leads to real-time
segmentation and targeting and better bang for the
marketing buck.
Conclusion
Digital as a medium presents us with a vast array of
choices to create “touch points” for other stakeholders
such as regulators, payers and pharmacists as well.
Whether it’s a comprehensive disease portal, a
sophisticated online classroom, or a 140-character
broadcast, digital introduces many more channels
Watch out for MedicinMan April 2013
into the communications mix. The digital medium Brand Drift Special Issue for a complete
provides scope to reach out to physicians and patients coverage of sessions.
and impact more with less. The panel discussion and
the Q&A session that followed, helped the audience Make sure to you receive MedicinMan
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understand that digital technology provides the
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opportunity to engage current and prospective and offers from us.
customers in new and different ways. §
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32 | MedicinMan March 2013