SlideShare a Scribd company logo
Marketing Management II
Marketing Plan
For
Tractor Drug Company’s expansion
plan into Southeast Asia and west
Asian markets
Presentation by(Group No 1): Gaurav Arora
Mohit Grewal
Ritu Chaudhary
Inamul Ahassan
Company Name:
Tractor Drugs
Current Headquarters:
New Delhi, India
Executive Summary:
o The Company was started in 2004 and now has expanded to the
whole of India.
o Through its recent Japanese and Hungarian collaborations,
Tractor Drugs has developed a specialized line of international
quality life-saving drugs.
o Tractor wanted to expand in Southeast Asia and west Asian
markets
o Tractor wanted to develop time-phased plan for market
penetration in Southeast and west Asia.
Current Scenario
Product Line of the Company: Pharmaceuticals
Products of the company: Total of 12 Products
In addition, the newly introduced life-saving drugs are:
Life.10 – Fights Kidney Stone
Can.21 – Fights Tuberculosis
Win.33 – Fights Skin Cancer
Situation Analysis
Long-Term goals: To expand and diversify the product line
and well as the product portfolio.
New products line would include – Nutrition, Personal care,
Baby Care, Animal Care.
Short-Term Goals: To look for expansion opportunities
abroad and also ensure that there is continuous product
Research & development, especially in the life-saving drug
category.
Focus of the company
Mission Statement: Promote good health with safeguarding
environmental interests in a sustainable ways in order to
provide people with a long and healthy life.
Customer Analysis
Areas of expansion:
• Southeast Asia (Philippines, Malaysia, Indonesia,
Singapore, Myanmar, Thailand, Vietnam)
• West Asia (Iran, Turkey, Egypt, Kuwait, Qatar, Saudi
Arabia, Syria, Yemen)
Key customer base:
All the hospitals, private clinics and other medical
service providers in these countries. Also, chemist
shops and other retail chains that can help us sell our
high quality and low cost products directly to the
consumer.
Competitor Analysis
Market Positioning
Our potential competitors are fully invested in the market.
They are generally private investors. There is no certain
monopoly of any firm over these areas but there are
certain country specific firms that have a dominating
market share in their respective country.
The need of our newly made drugs have been felt in these
areas as there is a huge increase in the number of cases of
diseases that these drugs cater to.
Hence, we need to position ourselves as a brand that not
only provides low prices-high quality healthcare products
but also life-saving drugs.
PEST Analysis
Political
There is now growing political focus and pressure on
healthcare authorities. This means that governments will be
looking for savings across the board. In addition to this,
could there be more harmonization of healthcare systems
across these countries.
Economic
• The global economic crisis still exists yet government
reports still show that the spend on healthcare per
capital continues to grow. The growth in homecare (as
seen in the Nutrition sector) demonstrates how nursing
services have moved to the private sector and have
become a key business offering.
• These economic pressures are seeing an increased
growth in strategic buying groups who are forcing down
prices.
Social / Culture
• The increasing aging population offers a range of
opportunities and threats to the pharmaceutical industry.
The trick will be to capitalize on the opportunities.
• Patients and home cares are becoming more informed.
Their expectations have changed and they have become
more demanding. Public activism has also increased
through the harnessing of new social networking
technologies.
Technological
• Technological advancements will create new business
prospects both in terms of new therapy systems and service
provisions. The online opportunities will see the growth in:
• Social Media for Healthcare.
• Customized Treatments.
SWOT Analysis
Advantages
• Cost competitiveness due to lower labor cost and
production cost
• Well established network of Laboratories and R & D
infrastructure for new drug discovery and development
• Access to pool of highly trained and skilled scientists,
both in India and abroad
Weaknesses
• Lack of resources to compete with MNCs for New Drug
Discovery Research and to commercialize molecules on
a worldwide basis
• Production of spurious and low quality drugs tarnishes
the image of industry at home and abroad
Opportunities
• Significant export potential to the developing as well as
developed countries
• India can be niche player in global pharmaceutical R &
D by developing world class infrastructure
• Increasing aging world population
• Growing awareness for health and increasing spending
on health
Threats
• Product patent regime poses serious challenges to
domestic industries unless it invests in R & D.
• Exports effort hampered by procedural hurdles in India
as well as non-tariff barriers imposed abroad.
Market Segmentation
• Hospitals & Healthcare Clinics – 65%
• Retail Medicine – 20%
• Direct Customer – 15%
Marketing Strategy Adopted
• Cause Marketing: Attaching a cause of helping
cancer patients by contributing a specific
percentage of sale per product for the treatment of
cancer patients.
• Viral Marketing: Starting a buzz about the newly
introduced drugs among its target audience.
• Augmented Marketing: We can provide additional
services like free health checkup vouchers along
with certain products.
• Social-Media: A mass-reach strategy by launching
a full-fledged social media campaign.
• Free Samples: Providing free samples of the
products to the desired customers
Four P’s of Marketing
Product
• Brand name: Tractor
• Warranty: 3 years from the date of manufacturing
• Packaging: Sealed and stored in effective
temperatures.
Packaging contains all the relevant details
regarding the product’s use and contents.
Price
• Pricing: General products are priced from Rs.20 to
Rs.350 INR.
• Discounts: An online website will provide 5%
discounts (subject to quantity restrictions) on all
healthcare products and a 2% discount will be
provided to the hospitals & other healthcare clinics.
Payment Terms: For bulk order by hospitals and
other such institutions a credit period of 1 month is
available but for other direct users or retailers on
supply payment is mandatory.
Place
• Distribution Channels: For the first one-year we are
planning to ship our products through an Indian shipping
company who has many warehouses in these countries
to store our products and make them readily available in
the market. If the success in the first year is above our
expectations then we might move forward and set up
our own warehouses or else extend their contract.
• Locations: All the major capital cities of the countries
listed above will become their hub for supply of our
products.
• Logistics & Supply Chain: We have had meetings with
transport agencies in all these counties and have a
readily available network of movement of goods from
one value addition activity to another.
Promotion
• Advertising: Through online media, direct sample
selling, flyers, poster, banners and word of mouth.
• Public Relations: Will use the help of media to
spread awareness about the new drugs.
Conclusion
We would like to introduce the product to the market
with the above given marketing plan. It’s a go from
the management.
THANK YOU

More Related Content

What's hot

Pharmaceutical Marketing Strategy
Pharmaceutical Marketing StrategyPharmaceutical Marketing Strategy
Pharmaceutical Marketing Strategy
Awais e Siraj
 
Brand plan on cough syrup
Brand plan on cough syrup Brand plan on cough syrup
Brand plan on cough syrup
Animesh Gupta
 
Pharmaceutical marketing plan case study
Pharmaceutical marketing plan case studyPharmaceutical marketing plan case study
Pharmaceutical marketing plan case study
Mohamed Magdy
 
New launching strategy of pharmaceutical brand
New launching strategy of pharmaceutical brandNew launching strategy of pharmaceutical brand
New launching strategy of pharmaceutical brand
Mohammad Masum Chowdhury
 
Pharma brand plan
Pharma brand planPharma brand plan
Pharma brand plan
Varun Ramkumar
 
New Launch Strategy & Product Cycle
New Launch Strategy & Product CycleNew Launch Strategy & Product Cycle
New Launch Strategy & Product Cycle
Muhammad Ali Jehangir
 
AZILSARTAN - CILNIDIPINE COMBINATION - The new frontier in hypertension manag...
AZILSARTAN - CILNIDIPINE COMBINATION - The new frontier in hypertension manag...AZILSARTAN - CILNIDIPINE COMBINATION - The new frontier in hypertension manag...
AZILSARTAN - CILNIDIPINE COMBINATION - The new frontier in hypertension manag...
Praveen Nagula
 
Moxikind CV- Brand Plan
Moxikind CV- Brand PlanMoxikind CV- Brand Plan
Moxikind CV- Brand Plan
IES MCRC, Bandra
 
Pharma Field Force Excellence
Pharma Field Force Excellence Pharma Field Force Excellence
Pharma Field Force Excellence
Anup Soans
 
Marketing of a pharma (Basic)
Marketing of a pharma (Basic)Marketing of a pharma (Basic)
Marketing of a pharma (Basic)
Arsalan Humayun
 
Be a Smart Manager not just a good one!
Be a Smart Manager not just a good one!Be a Smart Manager not just a good one!
Be a Smart Manager not just a good one!
Jean-Michel Peny
 
Galvus Product Plan
Galvus Product PlanGalvus Product Plan
Galvus Product Plan
Muhammad Khalid
 
Pharmaceutical Marketing Presentation
Pharmaceutical Marketing PresentationPharmaceutical Marketing Presentation
Pharmaceutical Marketing Presentation
nilbert
 
THE IMPORTANCE OF 24-HOUR BP CONTROL FOR MANAGING CV RISK by dr hendro
THE IMPORTANCE OF 24-HOUR BP CONTROL          FOR MANAGING CV RISK by dr hendroTHE IMPORTANCE OF 24-HOUR BP CONTROL          FOR MANAGING CV RISK by dr hendro
THE IMPORTANCE OF 24-HOUR BP CONTROL FOR MANAGING CV RISK by dr hendro
Suharti Wairagya
 
Budget Allocation for a Successful Bio-Pharma Product Launch
Budget Allocation for a Successful Bio-Pharma Product LaunchBudget Allocation for a Successful Bio-Pharma Product Launch
Budget Allocation for a Successful Bio-Pharma Product Launch
Best Practices
 
Pre-Launch Planning: Priming Your Pharma Brand For Profit And Success (mini)
Pre-Launch Planning: Priming Your Pharma Brand For Profit And Success (mini)Pre-Launch Planning: Priming Your Pharma Brand For Profit And Success (mini)
Pre-Launch Planning: Priming Your Pharma Brand For Profit And Success (mini)
Eularis
 
Pharmaceutical Marketing Management
Pharmaceutical Marketing ManagementPharmaceutical Marketing Management
Pharmaceutical Marketing ManagementSheraz Pervaiz
 
Neoslim™ Final
Neoslim™ FinalNeoslim™ Final
Neoslim™ Final
ghoshk
 
CCB-ARB combination is better than mono-therapyPresentation seminar 2-cmosmch
CCB-ARB combination is better than mono-therapyPresentation  seminar 2-cmosmchCCB-ARB combination is better than mono-therapyPresentation  seminar 2-cmosmch
CCB-ARB combination is better than mono-therapyPresentation seminar 2-cmosmch
Rajat Biswas
 
Ideal Brand Plan
Ideal Brand PlanIdeal Brand Plan
Ideal Brand Plan
Beloved Brands Inc.
 

What's hot (20)

Pharmaceutical Marketing Strategy
Pharmaceutical Marketing StrategyPharmaceutical Marketing Strategy
Pharmaceutical Marketing Strategy
 
Brand plan on cough syrup
Brand plan on cough syrup Brand plan on cough syrup
Brand plan on cough syrup
 
Pharmaceutical marketing plan case study
Pharmaceutical marketing plan case studyPharmaceutical marketing plan case study
Pharmaceutical marketing plan case study
 
New launching strategy of pharmaceutical brand
New launching strategy of pharmaceutical brandNew launching strategy of pharmaceutical brand
New launching strategy of pharmaceutical brand
 
Pharma brand plan
Pharma brand planPharma brand plan
Pharma brand plan
 
New Launch Strategy & Product Cycle
New Launch Strategy & Product CycleNew Launch Strategy & Product Cycle
New Launch Strategy & Product Cycle
 
AZILSARTAN - CILNIDIPINE COMBINATION - The new frontier in hypertension manag...
AZILSARTAN - CILNIDIPINE COMBINATION - The new frontier in hypertension manag...AZILSARTAN - CILNIDIPINE COMBINATION - The new frontier in hypertension manag...
AZILSARTAN - CILNIDIPINE COMBINATION - The new frontier in hypertension manag...
 
Moxikind CV- Brand Plan
Moxikind CV- Brand PlanMoxikind CV- Brand Plan
Moxikind CV- Brand Plan
 
Pharma Field Force Excellence
Pharma Field Force Excellence Pharma Field Force Excellence
Pharma Field Force Excellence
 
Marketing of a pharma (Basic)
Marketing of a pharma (Basic)Marketing of a pharma (Basic)
Marketing of a pharma (Basic)
 
Be a Smart Manager not just a good one!
Be a Smart Manager not just a good one!Be a Smart Manager not just a good one!
Be a Smart Manager not just a good one!
 
Galvus Product Plan
Galvus Product PlanGalvus Product Plan
Galvus Product Plan
 
Pharmaceutical Marketing Presentation
Pharmaceutical Marketing PresentationPharmaceutical Marketing Presentation
Pharmaceutical Marketing Presentation
 
THE IMPORTANCE OF 24-HOUR BP CONTROL FOR MANAGING CV RISK by dr hendro
THE IMPORTANCE OF 24-HOUR BP CONTROL          FOR MANAGING CV RISK by dr hendroTHE IMPORTANCE OF 24-HOUR BP CONTROL          FOR MANAGING CV RISK by dr hendro
THE IMPORTANCE OF 24-HOUR BP CONTROL FOR MANAGING CV RISK by dr hendro
 
Budget Allocation for a Successful Bio-Pharma Product Launch
Budget Allocation for a Successful Bio-Pharma Product LaunchBudget Allocation for a Successful Bio-Pharma Product Launch
Budget Allocation for a Successful Bio-Pharma Product Launch
 
Pre-Launch Planning: Priming Your Pharma Brand For Profit And Success (mini)
Pre-Launch Planning: Priming Your Pharma Brand For Profit And Success (mini)Pre-Launch Planning: Priming Your Pharma Brand For Profit And Success (mini)
Pre-Launch Planning: Priming Your Pharma Brand For Profit And Success (mini)
 
Pharmaceutical Marketing Management
Pharmaceutical Marketing ManagementPharmaceutical Marketing Management
Pharmaceutical Marketing Management
 
Neoslim™ Final
Neoslim™ FinalNeoslim™ Final
Neoslim™ Final
 
CCB-ARB combination is better than mono-therapyPresentation seminar 2-cmosmch
CCB-ARB combination is better than mono-therapyPresentation  seminar 2-cmosmchCCB-ARB combination is better than mono-therapyPresentation  seminar 2-cmosmch
CCB-ARB combination is better than mono-therapyPresentation seminar 2-cmosmch
 
Ideal Brand Plan
Ideal Brand PlanIdeal Brand Plan
Ideal Brand Plan
 

Viewers also liked

Doctor Mom
Doctor Mom Doctor Mom
Doctor Mom
johnson4anfo
 
анфо фармблок амброхем стада
анфо фармблок амброхем стадаанфо фармблок амброхем стада
анфо фармблок амброхем стада
anfoacademy
 
Препарат Фелиферон - первый российский препарат интерферона кошки
Препарат Фелиферон - первый российский препарат интерферона кошкиПрепарат Фелиферон - первый российский препарат интерферона кошки
Препарат Фелиферон - первый российский препарат интерферона кошки
aspectAG
 
Brand Management: P&G Product Launch Case
Brand Management: P&G Product Launch CaseBrand Management: P&G Product Launch Case
Brand Management: P&G Product Launch CaseAglazer1
 
Cronica araceli titta
Cronica araceli tittaCronica araceli titta
Cronica araceli titta
araceliadmon2010
 
Saudi Arabia | Insurance Marketing Industry Analysis
Saudi Arabia | Insurance Marketing Industry AnalysisSaudi Arabia | Insurance Marketing Industry Analysis
Saudi Arabia | Insurance Marketing Industry Analysis
Hany Sewilam Abdel Hamid
 
Integrated care: a revolution in UK health and care practice, Joy at For Late...
Integrated care: a revolution in UK health and care practice, Joy at For Late...Integrated care: a revolution in UK health and care practice, Joy at For Late...
Integrated care: a revolution in UK health and care practice, Joy at For Late...
Age UK
 
Ama ieee-rpg
Ama ieee-rpgAma ieee-rpg
Ama ieee-rpgjackpo
 
Managerial Accounting Ted Baker
Managerial Accounting Ted BakerManagerial Accounting Ted Baker
Managerial Accounting Ted BakerStephen Baines
 
10 step marketing plan from print ad for diabetasol
10 step marketing plan from print ad for diabetasol10 step marketing plan from print ad for diabetasol
10 step marketing plan from print ad for diabetasolMikki Tenazas
 
Mahindra tractor Project Report
Mahindra tractor Project ReportMahindra tractor Project Report
Mahindra tractor Project Report
Mahindra Tractors
 
I t l(sonalika)
I t l(sonalika)I t l(sonalika)
I t l(sonalika)
ankitdogra
 
Rushabh Eye Hospital
Rushabh Eye HospitalRushabh Eye Hospital
Rushabh Eye Hospital
Mumbai Angels
 
Procter & Gamble
Procter & GambleProcter & Gamble
Finance Analysis on Ted Baker PLC and SuperGroup Plc
Finance Analysis on Ted Baker PLC and SuperGroup PlcFinance Analysis on Ted Baker PLC and SuperGroup Plc
Finance Analysis on Ted Baker PLC and SuperGroup Plc
Rifat Abdul Rahiman
 
Listerine Marketing Plan
Listerine Marketing PlanListerine Marketing Plan
Listerine Marketing Plan
confar90
 
Market segmentation of Pharmacy Customers
Market segmentation of Pharmacy CustomersMarket segmentation of Pharmacy Customers
Market segmentation of Pharmacy Customers
Virginia Commonwealth University School of Pharmacy
 
Novartis master minds 2009 final
Novartis master minds 2009 finalNovartis master minds 2009 final
Novartis master minds 2009 final
James Ward
 
Factors affecting Johnson and johnson
Factors affecting Johnson and johnsonFactors affecting Johnson and johnson
Factors affecting Johnson and johnson
Deepshree Sharma
 

Viewers also liked (20)

Doctor Mom
Doctor Mom Doctor Mom
Doctor Mom
 
анфо фармблок амброхем стада
анфо фармблок амброхем стадаанфо фармблок амброхем стада
анфо фармблок амброхем стада
 
Препарат Фелиферон - первый российский препарат интерферона кошки
Препарат Фелиферон - первый российский препарат интерферона кошкиПрепарат Фелиферон - первый российский препарат интерферона кошки
Препарат Фелиферон - первый российский препарат интерферона кошки
 
Brand Management: P&G Product Launch Case
Brand Management: P&G Product Launch CaseBrand Management: P&G Product Launch Case
Brand Management: P&G Product Launch Case
 
Cronica araceli titta
Cronica araceli tittaCronica araceli titta
Cronica araceli titta
 
Saudi Arabia | Insurance Marketing Industry Analysis
Saudi Arabia | Insurance Marketing Industry AnalysisSaudi Arabia | Insurance Marketing Industry Analysis
Saudi Arabia | Insurance Marketing Industry Analysis
 
Integrated care: a revolution in UK health and care practice, Joy at For Late...
Integrated care: a revolution in UK health and care practice, Joy at For Late...Integrated care: a revolution in UK health and care practice, Joy at For Late...
Integrated care: a revolution in UK health and care practice, Joy at For Late...
 
Ama ieee-rpg
Ama ieee-rpgAma ieee-rpg
Ama ieee-rpg
 
Managerial Accounting Ted Baker
Managerial Accounting Ted BakerManagerial Accounting Ted Baker
Managerial Accounting Ted Baker
 
10 step marketing plan from print ad for diabetasol
10 step marketing plan from print ad for diabetasol10 step marketing plan from print ad for diabetasol
10 step marketing plan from print ad for diabetasol
 
Mahindra tractor Project Report
Mahindra tractor Project ReportMahindra tractor Project Report
Mahindra tractor Project Report
 
SolarCity
SolarCitySolarCity
SolarCity
 
I t l(sonalika)
I t l(sonalika)I t l(sonalika)
I t l(sonalika)
 
Rushabh Eye Hospital
Rushabh Eye HospitalRushabh Eye Hospital
Rushabh Eye Hospital
 
Procter & Gamble
Procter & GambleProcter & Gamble
Procter & Gamble
 
Finance Analysis on Ted Baker PLC and SuperGroup Plc
Finance Analysis on Ted Baker PLC and SuperGroup PlcFinance Analysis on Ted Baker PLC and SuperGroup Plc
Finance Analysis on Ted Baker PLC and SuperGroup Plc
 
Listerine Marketing Plan
Listerine Marketing PlanListerine Marketing Plan
Listerine Marketing Plan
 
Market segmentation of Pharmacy Customers
Market segmentation of Pharmacy CustomersMarket segmentation of Pharmacy Customers
Market segmentation of Pharmacy Customers
 
Novartis master minds 2009 final
Novartis master minds 2009 finalNovartis master minds 2009 final
Novartis master minds 2009 final
 
Factors affecting Johnson and johnson
Factors affecting Johnson and johnsonFactors affecting Johnson and johnson
Factors affecting Johnson and johnson
 

Similar to Marketing Plan (Tractor Drug Company)

Parkville strategic project final-converted
Parkville   strategic project final-convertedParkville   strategic project final-converted
Parkville strategic project final-converted
Mohamed Ahmed
 
Generic medicines in india promulgating growth & access
Generic medicines in india promulgating growth & accessGeneric medicines in india promulgating growth & access
Generic medicines in india promulgating growth & access
Shushmul Maheshwari
 
Mera medicare
Mera medicareMera medicare
Mera medicare
RAHUL2014-2016
 
India’s Pharma Export Boosting Sales and the Added Value.pptx
India’s Pharma Export Boosting Sales and the Added Value.pptxIndia’s Pharma Export Boosting Sales and the Added Value.pptx
India’s Pharma Export Boosting Sales and the Added Value.pptx
Mediwinpharma
 
New Global Healthcare - Another Chapter In Healthcare Marketing Brand Management
New Global Healthcare - Another Chapter In Healthcare Marketing Brand ManagementNew Global Healthcare - Another Chapter In Healthcare Marketing Brand Management
New Global Healthcare - Another Chapter In Healthcare Marketing Brand Management
Healthcare-Marketing
 
New Global Healthcare Another Chapter In Healthcare Marketing Brand Management
New Global Healthcare Another Chapter In Healthcare Marketing Brand ManagementNew Global Healthcare Another Chapter In Healthcare Marketing Brand Management
New Global Healthcare Another Chapter In Healthcare Marketing Brand Management
JGB1
 
Global Healthcare Marketing And Market Access Concepts - Managed Care Applica...
Global Healthcare Marketing And Market Access Concepts - Managed Care Applica...Global Healthcare Marketing And Market Access Concepts - Managed Care Applica...
Global Healthcare Marketing And Market Access Concepts - Managed Care Applica...
Bare Sky Marketing Healthcare Content Writing Services
 
New Global Healthcare - Another Chapter In Healthcare Marketing Brand Managem...
New Global Healthcare - Another Chapter In Healthcare Marketing Brand Managem...New Global Healthcare - Another Chapter In Healthcare Marketing Brand Managem...
New Global Healthcare - Another Chapter In Healthcare Marketing Brand Managem...
Bare Sky Marketing Healthcare Content Writing Services
 
Pharmaceutical industry pestel analysis
Pharmaceutical industry pestel analysisPharmaceutical industry pestel analysis
Pharmaceutical industry pestel analysisRahul Pagaria
 
Innovative Marketing Practices for Optimization in Selected Pharmaceutical In...
Innovative Marketing Practices for Optimization in Selected Pharmaceutical In...Innovative Marketing Practices for Optimization in Selected Pharmaceutical In...
Innovative Marketing Practices for Optimization in Selected Pharmaceutical In...
iicecollege
 
Domestic Pharmaceutical Market A Huge Expansion of Market by 2023.pptx
Domestic Pharmaceutical Market  A Huge Expansion of Market by 2023.pptxDomestic Pharmaceutical Market  A Huge Expansion of Market by 2023.pptx
Domestic Pharmaceutical Market A Huge Expansion of Market by 2023.pptx
Mediwinpharma
 
10 healthcare players aiming beyond health equality to conquer health equity
10 healthcare players aiming beyond health equality to conquer health equity10 healthcare players aiming beyond health equality to conquer health equity
10 healthcare players aiming beyond health equality to conquer health equity
Insights10
 
Pharmaceutical Supply Chain Dynamics and Intelligence
Pharmaceutical Supply Chain Dynamics and IntelligencePharmaceutical Supply Chain Dynamics and Intelligence
Pharmaceutical Supply Chain Dynamics and Intelligence
Beroe Inc - Advantage Procurement
 
Evolution of the healthcare industry in India and the potential impact of the...
Evolution of the healthcare industry in India and the potential impact of the...Evolution of the healthcare industry in India and the potential impact of the...
Evolution of the healthcare industry in India and the potential impact of the...
Harshit Jain
 
Chapter 2 pharmaceutical marketing by prof. n. s. lohe
Chapter 2 pharmaceutical marketing by prof. n. s. lohe Chapter 2 pharmaceutical marketing by prof. n. s. lohe
Chapter 2 pharmaceutical marketing by prof. n. s. lohe
Prof. Nikhil Lohe
 
Pharma Policy 2017 - Read it in MedicinMan September 2017 Issue
Pharma Policy 2017 - Read it in MedicinMan September 2017 IssuePharma Policy 2017 - Read it in MedicinMan September 2017 Issue
Pharma Policy 2017 - Read it in MedicinMan September 2017 Issue
Anup Soans
 
Marketing Plan of Atrovastatin
Marketing Plan of AtrovastatinMarketing Plan of Atrovastatin
Marketing Plan of Atrovastatin
Sharif Shuvo
 
Supply chain in pharma sector
Supply chain in pharma sectorSupply chain in pharma sector
Supply chain in pharma sector
Piyush Virmani
 

Similar to Marketing Plan (Tractor Drug Company) (20)

Parkville strategic project final-converted
Parkville   strategic project final-convertedParkville   strategic project final-converted
Parkville strategic project final-converted
 
Generic medicines in india promulgating growth & access
Generic medicines in india promulgating growth & accessGeneric medicines in india promulgating growth & access
Generic medicines in india promulgating growth & access
 
Mera medicare
Mera medicareMera medicare
Mera medicare
 
India’s Pharma Export Boosting Sales and the Added Value.pptx
India’s Pharma Export Boosting Sales and the Added Value.pptxIndia’s Pharma Export Boosting Sales and the Added Value.pptx
India’s Pharma Export Boosting Sales and the Added Value.pptx
 
New Global Healthcare - Another Chapter In Healthcare Marketing Brand Management
New Global Healthcare - Another Chapter In Healthcare Marketing Brand ManagementNew Global Healthcare - Another Chapter In Healthcare Marketing Brand Management
New Global Healthcare - Another Chapter In Healthcare Marketing Brand Management
 
New Global Healthcare Another Chapter In Healthcare Marketing Brand Management
New Global Healthcare Another Chapter In Healthcare Marketing Brand ManagementNew Global Healthcare Another Chapter In Healthcare Marketing Brand Management
New Global Healthcare Another Chapter In Healthcare Marketing Brand Management
 
Global Healthcare Marketing And Market Access Concepts - Managed Care Applica...
Global Healthcare Marketing And Market Access Concepts - Managed Care Applica...Global Healthcare Marketing And Market Access Concepts - Managed Care Applica...
Global Healthcare Marketing And Market Access Concepts - Managed Care Applica...
 
New Global Healthcare - Another Chapter In Healthcare Marketing Brand Managem...
New Global Healthcare - Another Chapter In Healthcare Marketing Brand Managem...New Global Healthcare - Another Chapter In Healthcare Marketing Brand Managem...
New Global Healthcare - Another Chapter In Healthcare Marketing Brand Managem...
 
Pharmaceutical industry pestel analysis
Pharmaceutical industry pestel analysisPharmaceutical industry pestel analysis
Pharmaceutical industry pestel analysis
 
Innovative Marketing Practices for Optimization in Selected Pharmaceutical In...
Innovative Marketing Practices for Optimization in Selected Pharmaceutical In...Innovative Marketing Practices for Optimization in Selected Pharmaceutical In...
Innovative Marketing Practices for Optimization in Selected Pharmaceutical In...
 
Domestic Pharmaceutical Market A Huge Expansion of Market by 2023.pptx
Domestic Pharmaceutical Market  A Huge Expansion of Market by 2023.pptxDomestic Pharmaceutical Market  A Huge Expansion of Market by 2023.pptx
Domestic Pharmaceutical Market A Huge Expansion of Market by 2023.pptx
 
10 healthcare players aiming beyond health equality to conquer health equity
10 healthcare players aiming beyond health equality to conquer health equity10 healthcare players aiming beyond health equality to conquer health equity
10 healthcare players aiming beyond health equality to conquer health equity
 
Pharma trends in bric economies
Pharma trends in bric economiesPharma trends in bric economies
Pharma trends in bric economies
 
Final
FinalFinal
Final
 
Pharmaceutical Supply Chain Dynamics and Intelligence
Pharmaceutical Supply Chain Dynamics and IntelligencePharmaceutical Supply Chain Dynamics and Intelligence
Pharmaceutical Supply Chain Dynamics and Intelligence
 
Evolution of the healthcare industry in India and the potential impact of the...
Evolution of the healthcare industry in India and the potential impact of the...Evolution of the healthcare industry in India and the potential impact of the...
Evolution of the healthcare industry in India and the potential impact of the...
 
Chapter 2 pharmaceutical marketing by prof. n. s. lohe
Chapter 2 pharmaceutical marketing by prof. n. s. lohe Chapter 2 pharmaceutical marketing by prof. n. s. lohe
Chapter 2 pharmaceutical marketing by prof. n. s. lohe
 
Pharma Policy 2017 - Read it in MedicinMan September 2017 Issue
Pharma Policy 2017 - Read it in MedicinMan September 2017 IssuePharma Policy 2017 - Read it in MedicinMan September 2017 Issue
Pharma Policy 2017 - Read it in MedicinMan September 2017 Issue
 
Marketing Plan of Atrovastatin
Marketing Plan of AtrovastatinMarketing Plan of Atrovastatin
Marketing Plan of Atrovastatin
 
Supply chain in pharma sector
Supply chain in pharma sectorSupply chain in pharma sector
Supply chain in pharma sector
 

Recently uploaded

Marketing as a Primary Revenue Driver - Lee Levitt
Marketing as a Primary Revenue Driver - Lee LevittMarketing as a Primary Revenue Driver - Lee Levitt
BLOOM_May2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_May2024. Balmer Lawrie Online Monthly BulletinBLOOM_May2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_May2024. Balmer Lawrie Online Monthly Bulletin
BalmerLawrie
 
Turn Digital Reputation Threats into Offense Tactics - Daniel Lemin
Turn Digital Reputation Threats into Offense Tactics - Daniel LeminTurn Digital Reputation Threats into Offense Tactics - Daniel Lemin
Turn Digital Reputation Threats into Offense Tactics - Daniel Lemin
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
Mastering Multi-Touchpoint Content Strategy: Navigate Fragmented User Journeys
Mastering Multi-Touchpoint Content Strategy: Navigate Fragmented User JourneysMastering Multi-Touchpoint Content Strategy: Navigate Fragmented User Journeys
Mastering Multi-Touchpoint Content Strategy: Navigate Fragmented User Journeys
Search Engine Journal
 
Consumer Journey Mapping & Personalization Master Class - Sabrina Killgo
Consumer Journey Mapping & Personalization Master Class - Sabrina KillgoConsumer Journey Mapping & Personalization Master Class - Sabrina Killgo
Consumer Journey Mapping & Personalization Master Class - Sabrina Killgo
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
SMM Cheap - No. 1 SMM panel in the world
SMM Cheap - No. 1 SMM panel in the worldSMM Cheap - No. 1 SMM panel in the world
SMM Cheap - No. 1 SMM panel in the world
smmpanel567
 
Traditional Store Audits are Outdated: A New Approach to Protecting Your Bran...
Traditional Store Audits are Outdated: A New Approach to Protecting Your Bran...Traditional Store Audits are Outdated: A New Approach to Protecting Your Bran...
Traditional Store Audits are Outdated: A New Approach to Protecting Your Bran...
Auxis Consulting & Outsourcing
 
The New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
The New Era Of SEO - How AI Has Changed SEO Forever - Danny LeibrandtThe New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
The New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
Digital Marketing Trends - Experts Insights on How
Digital Marketing Trends - Experts Insights on HowDigital Marketing Trends - Experts Insights on How
How to use Short Form Video To Grow Your Brand and Business - Keenya Kelly
How to use Short Form Video To Grow Your Brand and Business - Keenya KellyHow to use Short Form Video To Grow Your Brand and Business - Keenya Kelly
How to use Short Form Video To Grow Your Brand and Business - Keenya Kelly
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
Adapt or Die - Jon Lakefish, Lakefish Group LLC
Adapt or Die - Jon Lakefish, Lakefish Group LLCAdapt or Die - Jon Lakefish, Lakefish Group LLC
10 Videos Any Business Can Make Right Now! - Shelly Nathan
10 Videos Any Business Can Make Right Now! - Shelly Nathan10 Videos Any Business Can Make Right Now! - Shelly Nathan
10 Videos Any Business Can Make Right Now! - Shelly Nathan
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
Coca Cola Branding Strategy and strategic marketing plan
Coca Cola Branding Strategy and strategic marketing planCoca Cola Branding Strategy and strategic marketing plan
Coca Cola Branding Strategy and strategic marketing plan
Maswer Ali
 
Generative AI - Unleash Creative Opportunity - Peter Weltman
Generative AI - Unleash Creative Opportunity - Peter WeltmanGenerative AI - Unleash Creative Opportunity - Peter Weltman
Generative AI - Unleash Creative Opportunity - Peter Weltman
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
Turn Digital Reputation Threats into Offense Tactics - Daniel Lemin
Turn Digital Reputation Threats into Offense Tactics - Daniel LeminTurn Digital Reputation Threats into Offense Tactics - Daniel Lemin
Turn Digital Reputation Threats into Offense Tactics - Daniel Lemin
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
The New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
The New Era Of SEO - How AI Has Changed SEO Forever - Danny LeibrandtThe New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
The New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
Core Web Vitals SEO Workshop - improve your performance [pdf]
Core Web Vitals SEO Workshop - improve your performance [pdf]Core Web Vitals SEO Workshop - improve your performance [pdf]
Core Web Vitals SEO Workshop - improve your performance [pdf]
Peter Mead
 
Is AI-Generated Content the Future of Content Creation?
Is AI-Generated Content the Future of Content Creation?Is AI-Generated Content the Future of Content Creation?
Is AI-Generated Content the Future of Content Creation?
Cut-the-SaaS
 
5 Big Bets for 2024 - Jamie A. Lee, Stripes Co
5 Big Bets for 2024 - Jamie A. Lee, Stripes Co5 Big Bets for 2024 - Jamie A. Lee, Stripes Co
Unlocking Everyday Narratives: The Power of Storytelling in Marketing - Chad...
Unlocking Everyday Narratives: The Power of Storytelling in Marketing  - Chad...Unlocking Everyday Narratives: The Power of Storytelling in Marketing  - Chad...
Unlocking Everyday Narratives: The Power of Storytelling in Marketing - Chad...
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 

Recently uploaded (20)

Marketing as a Primary Revenue Driver - Lee Levitt
Marketing as a Primary Revenue Driver - Lee LevittMarketing as a Primary Revenue Driver - Lee Levitt
Marketing as a Primary Revenue Driver - Lee Levitt
 
BLOOM_May2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_May2024. Balmer Lawrie Online Monthly BulletinBLOOM_May2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_May2024. Balmer Lawrie Online Monthly Bulletin
 
Turn Digital Reputation Threats into Offense Tactics - Daniel Lemin
Turn Digital Reputation Threats into Offense Tactics - Daniel LeminTurn Digital Reputation Threats into Offense Tactics - Daniel Lemin
Turn Digital Reputation Threats into Offense Tactics - Daniel Lemin
 
Mastering Multi-Touchpoint Content Strategy: Navigate Fragmented User Journeys
Mastering Multi-Touchpoint Content Strategy: Navigate Fragmented User JourneysMastering Multi-Touchpoint Content Strategy: Navigate Fragmented User Journeys
Mastering Multi-Touchpoint Content Strategy: Navigate Fragmented User Journeys
 
Consumer Journey Mapping & Personalization Master Class - Sabrina Killgo
Consumer Journey Mapping & Personalization Master Class - Sabrina KillgoConsumer Journey Mapping & Personalization Master Class - Sabrina Killgo
Consumer Journey Mapping & Personalization Master Class - Sabrina Killgo
 
SMM Cheap - No. 1 SMM panel in the world
SMM Cheap - No. 1 SMM panel in the worldSMM Cheap - No. 1 SMM panel in the world
SMM Cheap - No. 1 SMM panel in the world
 
Traditional Store Audits are Outdated: A New Approach to Protecting Your Bran...
Traditional Store Audits are Outdated: A New Approach to Protecting Your Bran...Traditional Store Audits are Outdated: A New Approach to Protecting Your Bran...
Traditional Store Audits are Outdated: A New Approach to Protecting Your Bran...
 
The New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
The New Era Of SEO - How AI Has Changed SEO Forever - Danny LeibrandtThe New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
The New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
 
Digital Marketing Trends - Experts Insights on How
Digital Marketing Trends - Experts Insights on HowDigital Marketing Trends - Experts Insights on How
Digital Marketing Trends - Experts Insights on How
 
How to use Short Form Video To Grow Your Brand and Business - Keenya Kelly
How to use Short Form Video To Grow Your Brand and Business - Keenya KellyHow to use Short Form Video To Grow Your Brand and Business - Keenya Kelly
How to use Short Form Video To Grow Your Brand and Business - Keenya Kelly
 
Adapt or Die - Jon Lakefish, Lakefish Group LLC
Adapt or Die - Jon Lakefish, Lakefish Group LLCAdapt or Die - Jon Lakefish, Lakefish Group LLC
Adapt or Die - Jon Lakefish, Lakefish Group LLC
 
10 Videos Any Business Can Make Right Now! - Shelly Nathan
10 Videos Any Business Can Make Right Now! - Shelly Nathan10 Videos Any Business Can Make Right Now! - Shelly Nathan
10 Videos Any Business Can Make Right Now! - Shelly Nathan
 
Coca Cola Branding Strategy and strategic marketing plan
Coca Cola Branding Strategy and strategic marketing planCoca Cola Branding Strategy and strategic marketing plan
Coca Cola Branding Strategy and strategic marketing plan
 
Generative AI - Unleash Creative Opportunity - Peter Weltman
Generative AI - Unleash Creative Opportunity - Peter WeltmanGenerative AI - Unleash Creative Opportunity - Peter Weltman
Generative AI - Unleash Creative Opportunity - Peter Weltman
 
Turn Digital Reputation Threats into Offense Tactics - Daniel Lemin
Turn Digital Reputation Threats into Offense Tactics - Daniel LeminTurn Digital Reputation Threats into Offense Tactics - Daniel Lemin
Turn Digital Reputation Threats into Offense Tactics - Daniel Lemin
 
The New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
The New Era Of SEO - How AI Has Changed SEO Forever - Danny LeibrandtThe New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
The New Era Of SEO - How AI Has Changed SEO Forever - Danny Leibrandt
 
Core Web Vitals SEO Workshop - improve your performance [pdf]
Core Web Vitals SEO Workshop - improve your performance [pdf]Core Web Vitals SEO Workshop - improve your performance [pdf]
Core Web Vitals SEO Workshop - improve your performance [pdf]
 
Is AI-Generated Content the Future of Content Creation?
Is AI-Generated Content the Future of Content Creation?Is AI-Generated Content the Future of Content Creation?
Is AI-Generated Content the Future of Content Creation?
 
5 Big Bets for 2024 - Jamie A. Lee, Stripes Co
5 Big Bets for 2024 - Jamie A. Lee, Stripes Co5 Big Bets for 2024 - Jamie A. Lee, Stripes Co
5 Big Bets for 2024 - Jamie A. Lee, Stripes Co
 
Unlocking Everyday Narratives: The Power of Storytelling in Marketing - Chad...
Unlocking Everyday Narratives: The Power of Storytelling in Marketing  - Chad...Unlocking Everyday Narratives: The Power of Storytelling in Marketing  - Chad...
Unlocking Everyday Narratives: The Power of Storytelling in Marketing - Chad...
 

Marketing Plan (Tractor Drug Company)

  • 1. Marketing Management II Marketing Plan For Tractor Drug Company’s expansion plan into Southeast Asia and west Asian markets Presentation by(Group No 1): Gaurav Arora Mohit Grewal Ritu Chaudhary Inamul Ahassan
  • 2. Company Name: Tractor Drugs Current Headquarters: New Delhi, India Executive Summary: o The Company was started in 2004 and now has expanded to the whole of India. o Through its recent Japanese and Hungarian collaborations, Tractor Drugs has developed a specialized line of international quality life-saving drugs. o Tractor wanted to expand in Southeast Asia and west Asian markets o Tractor wanted to develop time-phased plan for market penetration in Southeast and west Asia.
  • 3. Current Scenario Product Line of the Company: Pharmaceuticals Products of the company: Total of 12 Products In addition, the newly introduced life-saving drugs are: Life.10 – Fights Kidney Stone Can.21 – Fights Tuberculosis Win.33 – Fights Skin Cancer
  • 4. Situation Analysis Long-Term goals: To expand and diversify the product line and well as the product portfolio. New products line would include – Nutrition, Personal care, Baby Care, Animal Care. Short-Term Goals: To look for expansion opportunities abroad and also ensure that there is continuous product Research & development, especially in the life-saving drug category. Focus of the company Mission Statement: Promote good health with safeguarding environmental interests in a sustainable ways in order to provide people with a long and healthy life.
  • 5. Customer Analysis Areas of expansion: • Southeast Asia (Philippines, Malaysia, Indonesia, Singapore, Myanmar, Thailand, Vietnam) • West Asia (Iran, Turkey, Egypt, Kuwait, Qatar, Saudi Arabia, Syria, Yemen) Key customer base: All the hospitals, private clinics and other medical service providers in these countries. Also, chemist shops and other retail chains that can help us sell our high quality and low cost products directly to the consumer.
  • 6. Competitor Analysis Market Positioning Our potential competitors are fully invested in the market. They are generally private investors. There is no certain monopoly of any firm over these areas but there are certain country specific firms that have a dominating market share in their respective country. The need of our newly made drugs have been felt in these areas as there is a huge increase in the number of cases of diseases that these drugs cater to. Hence, we need to position ourselves as a brand that not only provides low prices-high quality healthcare products but also life-saving drugs.
  • 7. PEST Analysis Political There is now growing political focus and pressure on healthcare authorities. This means that governments will be looking for savings across the board. In addition to this, could there be more harmonization of healthcare systems across these countries. Economic • The global economic crisis still exists yet government reports still show that the spend on healthcare per capital continues to grow. The growth in homecare (as seen in the Nutrition sector) demonstrates how nursing services have moved to the private sector and have become a key business offering. • These economic pressures are seeing an increased growth in strategic buying groups who are forcing down prices.
  • 8. Social / Culture • The increasing aging population offers a range of opportunities and threats to the pharmaceutical industry. The trick will be to capitalize on the opportunities. • Patients and home cares are becoming more informed. Their expectations have changed and they have become more demanding. Public activism has also increased through the harnessing of new social networking technologies. Technological • Technological advancements will create new business prospects both in terms of new therapy systems and service provisions. The online opportunities will see the growth in: • Social Media for Healthcare. • Customized Treatments.
  • 9. SWOT Analysis Advantages • Cost competitiveness due to lower labor cost and production cost • Well established network of Laboratories and R & D infrastructure for new drug discovery and development • Access to pool of highly trained and skilled scientists, both in India and abroad Weaknesses • Lack of resources to compete with MNCs for New Drug Discovery Research and to commercialize molecules on a worldwide basis • Production of spurious and low quality drugs tarnishes the image of industry at home and abroad
  • 10. Opportunities • Significant export potential to the developing as well as developed countries • India can be niche player in global pharmaceutical R & D by developing world class infrastructure • Increasing aging world population • Growing awareness for health and increasing spending on health Threats • Product patent regime poses serious challenges to domestic industries unless it invests in R & D. • Exports effort hampered by procedural hurdles in India as well as non-tariff barriers imposed abroad.
  • 11. Market Segmentation • Hospitals & Healthcare Clinics – 65% • Retail Medicine – 20% • Direct Customer – 15%
  • 12. Marketing Strategy Adopted • Cause Marketing: Attaching a cause of helping cancer patients by contributing a specific percentage of sale per product for the treatment of cancer patients. • Viral Marketing: Starting a buzz about the newly introduced drugs among its target audience. • Augmented Marketing: We can provide additional services like free health checkup vouchers along with certain products. • Social-Media: A mass-reach strategy by launching a full-fledged social media campaign. • Free Samples: Providing free samples of the products to the desired customers
  • 13. Four P’s of Marketing Product • Brand name: Tractor • Warranty: 3 years from the date of manufacturing • Packaging: Sealed and stored in effective temperatures. Packaging contains all the relevant details regarding the product’s use and contents.
  • 14. Price • Pricing: General products are priced from Rs.20 to Rs.350 INR. • Discounts: An online website will provide 5% discounts (subject to quantity restrictions) on all healthcare products and a 2% discount will be provided to the hospitals & other healthcare clinics. Payment Terms: For bulk order by hospitals and other such institutions a credit period of 1 month is available but for other direct users or retailers on supply payment is mandatory.
  • 15. Place • Distribution Channels: For the first one-year we are planning to ship our products through an Indian shipping company who has many warehouses in these countries to store our products and make them readily available in the market. If the success in the first year is above our expectations then we might move forward and set up our own warehouses or else extend their contract. • Locations: All the major capital cities of the countries listed above will become their hub for supply of our products. • Logistics & Supply Chain: We have had meetings with transport agencies in all these counties and have a readily available network of movement of goods from one value addition activity to another.
  • 16. Promotion • Advertising: Through online media, direct sample selling, flyers, poster, banners and word of mouth. • Public Relations: Will use the help of media to spread awareness about the new drugs. Conclusion We would like to introduce the product to the market with the above given marketing plan. It’s a go from the management.