Tractor Drugs, an Indian pharmaceutical company, wants to expand into Southeast and West Asian markets. It has developed new life-saving drugs and seeks to penetrate these regions through a phased marketing plan. The plan involves distributing products through local warehouses, targeting hospitals and retailers, and promoting the brand's high quality yet affordable drugs and services through various online and offline advertising methods. The company aims to position itself as a reliable source for critical medications while keeping costs low.
“Marketing 2.0” in the pharmaceutical industry is no longer about just saying that our product is different and hoping customers will see it that way. It’s very much about making it so and then about finding our way to engage customers in a “conversation” that helps create the value rather than just promoting it through armies of medical representatives. We need to develop new, end-to-end processes that shape our relationships with physicians, payers, patients and care-givers.
“Marketing 2.0” in the pharmaceutical industry is no longer about just saying that our product is different and hoping customers will see it that way. It’s very much about making it so and then about finding our way to engage customers in a “conversation” that helps create the value rather than just promoting it through armies of medical representatives. We need to develop new, end-to-end processes that shape our relationships with physicians, payers, patients and care-givers.
Pharmaceutical marketing plan case studyMohamed Magdy
Pharmaceutical Marketing Plan Case Study
I can challenge you will never see such fully fledged Pharmaceutical Marketing Plan Case Study in the internet for FREE as I did in this case study!
Click here to ENJOY it: http://www.guerrillamarketer.com/pharmaceutical-marketing-plan-case-study/
The best brand plan any Post Graduate could prepared is here. This covers with all the aspects from competitor analysis to positioning statement to promatograms. This best brand plan can lead to your success in your career.
Inside This Issue
1. What the Doctor Wants from the MR
by Dr. Aniruddha Malpani, MD
Doctors want MRs who are knowledge workers, willing and able to partner with him to better serve his patients.
2. The Marks of a True Professional
by Rachana Narayan
A True Professional is one who has achieved a high standard of “Personal Quality” in everything from dressing sense to professional knowledge and inter-personal relationships.
3. Paradigm Shift
by Sharad Virmani
How Pharma companies can survive and thrive in the New DPCO era.
4. The Single-Minded Success of Sachin Tendulkar
by RM Saravanan
What Gen-Y can learn from the cricket-or-nothing attitude of the Little Master.
5. Catch People Doing Things Right
by K. Hariram
FLMs must proactively engage their team in doing the right things and doing things right.
6. Building Sales Teams from Scratch
by Anup Soans
Every team goes through the stages of Forming, Storming and Norming before they can start Performing
7. Observational Research in Healthcare
by Javed Shaikh & Shafaq Shaikh
8. Patient Reported Outcome Measures in Pharmacoeconomics
by Mahendra Rai & Nishkarsh Likhar
this is just powerpoint of the report on a pharma company this was to present in the class and for the ease to understand the research of principle of marketing in institute of business management IoBM
Budget Allocation for a Successful Bio-Pharma Product LaunchBest Practices
Bio-Pharma companies can no longer afford to rely solely on past experiences when budgeting for a new product launch in today's fast-changing, highly competitive market. This comprehensive benchmark study by Best Practices, LLC investigates current costs as well as budget and staffing allocations required for a successful drug launch.
This study can help bio-pharma leaders to develop competitive launch and pre-launch activity budgets to ensure successful U.S. market entry for new products.
Download Full Report: http://bit.ly/2aMYron
Pre-Launch Planning: Priming Your Pharma Brand For Profit And Success (mini)Eularis
In today’s environment, Pharmaceutical companies find themselves in a bind. Until recently, if drugs made over $500 Million in annual revenue within 3 to 5 years of launch, they were considered hugely successful. They were a support to an extensive company portfolio and a component of greater company profit.
However, things have changed. The standards for a successful drug have become much higher and much more dangerous. With so many revenue-producing drugs going off patent, companies are facing large holes in their balance sheets and sales that are increasingly slow.
Plus, with the stakes high and available funds low, pipelines are drying up. Add to this the closer scrutiny of safety issues, the rise of Generics, slower physician acceptance and adoption of new therapies, and the Pharma Industry is in trouble.
More and more, companies are expecting marketers to be instrumental at the key moment of launch, and marketers are under extreme pressure. To deliver on the high hopes of Pharmaceutical brand launch, companies must engage in comprehensive pre-launch planning.
In this report we analyze why launch is increasingly important, the issues involved in pre-launch planning, including key organizational strategies, marketing tactics, regulatory considerations, global issues, and methods for ensuring the most effective plans.
Workshop to help brand leaders write brand plans that everyone in the organization can follow. Case Study, using fictional “Gray’s Cookies” brand to complete a Brand Plan, which is the final stage of our overall Beloved Brands planning process.
Pharmaceutical marketing plan case studyMohamed Magdy
Pharmaceutical Marketing Plan Case Study
I can challenge you will never see such fully fledged Pharmaceutical Marketing Plan Case Study in the internet for FREE as I did in this case study!
Click here to ENJOY it: http://www.guerrillamarketer.com/pharmaceutical-marketing-plan-case-study/
The best brand plan any Post Graduate could prepared is here. This covers with all the aspects from competitor analysis to positioning statement to promatograms. This best brand plan can lead to your success in your career.
Inside This Issue
1. What the Doctor Wants from the MR
by Dr. Aniruddha Malpani, MD
Doctors want MRs who are knowledge workers, willing and able to partner with him to better serve his patients.
2. The Marks of a True Professional
by Rachana Narayan
A True Professional is one who has achieved a high standard of “Personal Quality” in everything from dressing sense to professional knowledge and inter-personal relationships.
3. Paradigm Shift
by Sharad Virmani
How Pharma companies can survive and thrive in the New DPCO era.
4. The Single-Minded Success of Sachin Tendulkar
by RM Saravanan
What Gen-Y can learn from the cricket-or-nothing attitude of the Little Master.
5. Catch People Doing Things Right
by K. Hariram
FLMs must proactively engage their team in doing the right things and doing things right.
6. Building Sales Teams from Scratch
by Anup Soans
Every team goes through the stages of Forming, Storming and Norming before they can start Performing
7. Observational Research in Healthcare
by Javed Shaikh & Shafaq Shaikh
8. Patient Reported Outcome Measures in Pharmacoeconomics
by Mahendra Rai & Nishkarsh Likhar
this is just powerpoint of the report on a pharma company this was to present in the class and for the ease to understand the research of principle of marketing in institute of business management IoBM
Budget Allocation for a Successful Bio-Pharma Product LaunchBest Practices
Bio-Pharma companies can no longer afford to rely solely on past experiences when budgeting for a new product launch in today's fast-changing, highly competitive market. This comprehensive benchmark study by Best Practices, LLC investigates current costs as well as budget and staffing allocations required for a successful drug launch.
This study can help bio-pharma leaders to develop competitive launch and pre-launch activity budgets to ensure successful U.S. market entry for new products.
Download Full Report: http://bit.ly/2aMYron
Pre-Launch Planning: Priming Your Pharma Brand For Profit And Success (mini)Eularis
In today’s environment, Pharmaceutical companies find themselves in a bind. Until recently, if drugs made over $500 Million in annual revenue within 3 to 5 years of launch, they were considered hugely successful. They were a support to an extensive company portfolio and a component of greater company profit.
However, things have changed. The standards for a successful drug have become much higher and much more dangerous. With so many revenue-producing drugs going off patent, companies are facing large holes in their balance sheets and sales that are increasingly slow.
Plus, with the stakes high and available funds low, pipelines are drying up. Add to this the closer scrutiny of safety issues, the rise of Generics, slower physician acceptance and adoption of new therapies, and the Pharma Industry is in trouble.
More and more, companies are expecting marketers to be instrumental at the key moment of launch, and marketers are under extreme pressure. To deliver on the high hopes of Pharmaceutical brand launch, companies must engage in comprehensive pre-launch planning.
In this report we analyze why launch is increasingly important, the issues involved in pre-launch planning, including key organizational strategies, marketing tactics, regulatory considerations, global issues, and methods for ensuring the most effective plans.
Workshop to help brand leaders write brand plans that everyone in the organization can follow. Case Study, using fictional “Gray’s Cookies” brand to complete a Brand Plan, which is the final stage of our overall Beloved Brands planning process.
This Report provides findings obtained from in-depth Financial Analysis, Financial Press Review and Share Market Review for Ted Baker PLC and SuperGroup Plc. Both the companies are lifestyle companies concentrating specially on the Clothing Sector. The Report focuses on the examination of financial position and performance of both the companies, which include evaluation of Profitability ratios, Efficiency ratios, liquidity ratios, Gearing ratios and Investment ratios based on the data available from the Company’s Annual Report from 2012 to 2014 and the finally a summary of findings is given.
India’s Pharma Export Boosting Sales and the Added Value.pptxMediwinpharma
The pharma export in India has a considerable global footprint and has seen tremendous expansion in recent years. With a 20% market share, India is the world's largest provider of generic medications. In the worldwide pharmaceutical and vaccine sector, India is significant.
https://ibusinessday.com/indias-pharma-export-boosting-sales-and-the-added-value/
New Global Healthcare - Another Chapter In Healthcare Marketing Brand ManagementHealthcare-Marketing
Global healthcare and global healthcare marketing is changing. As emerging markets industrialize and mature, their healthcare systems rapidly change. Brazil, China, India and Saudi Arabia serve as primary examples of new healthcare markets.
www.healthcaremedicalpharamceuticaldirectory.com
John G. Baresky
New Global Healthcare Another Chapter In Healthcare Marketing Brand ManagementJGB1
Emerging healthcare markets are moving into new phases as access to care increases and clinical / payer administration becomes more established. Successful healthcare marketing ventures require a balanced clinical / cost value proposition based on each nation\'s specific healthcare delivery, government and payer model.
Global Healthcare Marketing is evolving as emerging markets quickly mature. Clinical standards, payer structures and marketing messages are a combination of variables to be accounted for in unlocking market access challenges.
www.healthcaremedicalpharmaceuticaldirectory.com - a healthcare industry resource
www.healthcaremedicalpharmaceuticaldirectory.com
John G. Baresky
https://www.linkedin.com/in/johngbaresky
#baresky
Global healthcare marketing strategies and tactics are being re-positioned as emerging markets mature, access to care increases and clinical / payer administration becomes more established.
China, Brazil, India, Saudi Arabia
www.healthcaremedicalpharmaceuticaldirectory.com
John G. Baresky
https://www.linkedin.com/in/johngbaresky
#baresky
Innovative Marketing Practices for Optimization in Selected Pharmaceutical In...iicecollege
Pharmaceutical Industry is regulated by the production, distribution, selling and the marketing of the products or services which directly or indirectly includes medical, diagnostic and healthcare.It is regulated by economical, political and administrative authority to manage at all levels. So, the industry is governed by both the public and private sector. Therefore innovation is done in various pharma stakeholder and is needed in chronic and acute therapeutic segment.
For more details please visit
www.iicecollege.com
Domestic Pharmaceutical Market A Huge Expansion of Market by 2023.pptxMediwinpharma
Discover the tremendous growth potential of the domestic pharmaceutical market in 2023 and how it impacts the healthcare industry.
https://mediwinpharma.com/domestic-pharmaceutical-market-a-huge-expansion-of-market-by-2023/
10 healthcare players aiming beyond health equality to conquer health equityInsights10
Pharma's reputation may have improved during the pandemic, but that also meant that diversity, equity, and inclusion (DEI) issues were given more attention. Pharma companies have mostly concentrated on equality in recent years, but this new era of health equity is needed to address the expanding population's DEI challenges.
To get a report in detail, contact us at - info@insights10.com
Global pharmaceutical companies are modeled with a supply chain, which ensures that the right drug reaches the right people at the right time and in the right condition. The supply chain also ensures 100% product availability at optimum cost by carrying huge inventory, which maintains 100% fill rate. Manufacturers are trying to cut down development time to save costs. For example, a drug manufacturer who can trim development time by 19% can save up to USD 100 million. But if a drug is getting delayed to reach the market, the time delay costs the company around USD 1 million a day. So, pharmaceutical companies today are designing the supply chain to be as responsive as possible to reduce entry time to the market thereby increasing profit margins.
Evolution of the healthcare industry in India and the potential impact of the...Harshit Jain
2014 looks to be a positive but challenging year for the Indian health care sector; one in which many historic business models and operating processes will no longer suffice amid rising demand, continued cost pressures, lack of or inadequate care facilities, and rapidly evolving market conditions. India, likely will be dominated by the “Modi-care” –Health assurance for all.
Pharma Policy 2017 - Read it in MedicinMan September 2017 IssueAnup Soans
1. Draft Pharma Policy: The Good, The Bad and The Ugly...............................................1
Interview with Sunil Attavar
2. Career Brand Plan: A Career Stepping
Stone..........................................................9
Soham Wagh
3. Succeeding as Country GM at GSK: A Whitepaper..............................................12
Sundar Ramachandran
4. Role of Digital in the Customer Journey ....................................................................21
Salil Kallianpur
5. Executive Function Disorder .................24
Vivek Hattangadi
For too many years marketing and sales have operated in silos...while in some forward thinking companies, the two organizations work together to drive new opportunity development and revenue. This session will explore the lessons learned in that beautiful dance that can occur when marketing and sales work together...to drive new opportunity development, account expansion and customer satisfaction.
No, this is not a conversation about MQLs and SQLs. Instead we will focus on a framework that allows the two organizations to drive company success together.
When most people in the industry talk about online or digital reputation management, what they're really saying is Google search and PPC. And it's usually reactive, left dealing with the aftermath of negative information published somewhere online. That's outdated. It leaves executives, organizations and other high-profile individuals at a high risk of a digital reputation attack that spans channels and tactics. But the tools needed to safeguard against an attack are more cybersecurity-oriented than most marketing and communications professionals can manage. Business leaders Leaders grasp the importance; 83% of executives place reputation in their top five areas of risk, yet only 23% are confident in their ability to address it. To succeed in 2024 and beyond, you need to turn online reputation on its axis and think like an attacker.\
Key Takeaways:
- New framework for examining and safeguarding an online reputation
- Tools and techniques to keep you a step ahead
- Practical examples that demonstrate when to act, how to act and how to recover
Mastering Multi-Touchpoint Content Strategy: Navigate Fragmented User JourneysSearch Engine Journal
Digital platforms are constantly multiplying, and with that, user engagement is becoming more intricate and fragmented.
So how do you effectively navigate distributing and tailoring your content across these various touchpoints?
Watch this webinar as we dive into the evolving landscape of content strategy tailored for today's fragmented user journeys. Understanding how to deliver your content to your users is more crucial than ever, and we’ll provide actionable tips for navigating these intricate challenges.
You’ll learn:
- How today’s users engage with content across various channels and devices.
- The latest methodologies for identifying and addressing content gaps to keep your content strategy proactive and relevant.
- What digital shelf space is and how your content strategy needs to pivot.
With Wayne Cichanski, we’ll explore innovative strategies to map out and meet the diverse needs of your audience, ensuring every piece of content resonates and connects, regardless of where or how it is consumed.
The Secret to Engaging Modern Consumers: Journey Mapping and Personalization
In today's digital landscape, understanding the customer's journey and delivering personalized experiences are paramount. This masterclass delves into the art of consumer journey mapping, a powerful technique that visualizes the entire customer experience across touchpoints. Attendees will learn how to create detailed journey maps, identify pain points, and uncover opportunities for optimization. The presentation also explores personalization strategies that leverage data and technology to tailor content, products, and experiences to individual customers. From real-time personalization to predictive analytics, attendees will gain insights into cutting-edge approaches that drive engagement and loyalty.
Key Takeaways:
Current consumer landscape; Steps to mapping an effective consumer journey; Understanding the value of personalization; Integrating mapping and personalization for success; Brands that are getting It right!; Best Practices; Future Trends
SMM Cheap - No. 1 SMM panel in the worldsmmpanel567
Boost your social media marketing with our SMM Panel services offering SMM Cheap services! Get cost-effective services for your business and increase followers, likes, and engagement across all social media platforms. Get affordable services perfect for businesses and influencers looking to increase their social proof. See how cheap SMM strategies can help improve your social media presence and be a pro at the social media game.
In this presentation, Danny Leibrandt explains the impact of AI on SEO and what Google has been doing about it. Learn how to take your SEO game to the next level and win over Google with his new strategy anyone can use. Get actionable steps to rank your name, your business, and your clients on Google - the right way.
Key Takeaways:
1. Real content is king
2. Find ways to show EEAT
3. Repurpose across all platforms
The digital marketing industry is changing faster than ever and those who don’t adapt with the times are losing market share. Where should marketers be focusing their efforts? What strategies are the experts seeing get the best results? Get up-to-speed with the latest industry insights, trends and predictions for the future in this panel discussion with some leading digital marketing experts.
Short video marketing has sweeped the nation and is the fastest way to build an online brand on social media in 2024. In this session you will learn:- What is short video marketing- Which platforms work best for your business- Content strategies that are on brand for your business- How to sell organically without paying for ads.
A.I. (artificial intelligence) platforms are popping up all the time, and many of them can and should be used to help grow your brand, increase your sales and decrease your marketing costs.In this presentation:We will review some of the best AI platforms that are available for you to use.We will interact with some of the platforms in real-time, so attendees can see how they work.We will also look at some current brands that are using AI to help them create marketing messages, saving them time and money in the process. Lastly, we will discuss the pros and cons of using AI in marketing & branding and have a lively conversation that includes comments from the audience.
Key Takeaways:
Attendees will learn about LLM platforms, like ChatGPT, and how they work, with preset examples and real time interactions with the platform. Attendees will learn about other AI platforms that are creating graphic design elements at the push of a button...pre-set examples and real-time interactions.Attendees will discuss the pros & cons of AI in marketing + branding and share their perspectives with one another. Attendees will learn about the cost savings and the time savings associated with using AI, should they choose to.
10 Video Ideas Any Business Can Make RIGHT NOW!
You'll never draw a blank again on what kind of video to make for your business. Go beyond the basic categories and truly reimagine a brand new advanced way to brainstorm video content creation. During this masterclass you'll be challenged to think creatively and outside of the box and view your videos through lenses you may have never thought of previously. It's guaranteed that you'll leave with more than 10 video ideas, but I like to under-promise and over-deliver. Don't miss this session.
Key Takeaways:
How to use the Video Matrix
How to use additional "Lenses"
Where to source original video ideas
Come learn how YOU can Animate and Illuminate the World with Generative AI's Explosive Power. Come sit in the driver's seat and learn to harness this great technology.
When most people in the industry talk about online or digital reputation management, what they're really saying is Google search and PPC. And it's usually reactive, left dealing with the aftermath of negative information published somewhere online. That's outdated. It leaves executives, organizations and other high-profile individuals at a high risk of a digital reputation attack that spans channels and tactics. But the tools needed to safeguard against an attack are more cybersecurity-oriented than most marketing and communications professionals can manage. Business leaders Leaders grasp the importance; 83% of executives place reputation in their top five areas of risk, yet only 23% are confident in their ability to address it. To succeed in 2024 and beyond, you need to turn online reputation on its axis and think like an attacker.
Key Takeaways:
- New framework for examining and safeguarding an online reputation
- Tools and techniques to keep you a step ahead
- Practical examples that demonstrate when to act, how to act and how to recover
In this presentation, Danny Leibrandt explains the impact of AI on SEO and what Google has been doing about it. Learn how to take your SEO game to the next level and win over Google with his new strategy anyone can use. Get actionable steps to rank your name, your business, and your clients on Google - the right way.
Key Takeaways:
1. Real content is king
2. Find ways to show EEAT
3. Repurpose across all platforms
Core Web Vitals SEO Workshop - improve your performance [pdf]Peter Mead
Core Web Vitals to improve your website performance for better SEO results with CWV.
CWV Topics include:
- Understanding the latest Core Web Vitals including the significance of LCP, INP and CLS + their impact on SEO
- Optimisation techniques from our experts on how to improve your CWV on platforms like WordPress and WP Engine
- The impact of user experience and SEO
Is AI-Generated Content the Future of Content Creation?Cut-the-SaaS
Discover the transformative power of AI in content creation with our presentation, "Is AI-Generated Content the Future of Content Creation?" by Puran Parsani, CEO & Editor of Cut-The-SaaS. Learn how AI-generated content is revolutionizing marketing, publishing, education, healthcare, and finance by offering unprecedented efficiency, creativity, and scalability.
Understanding
AI-Generated Content:
AI-generated content includes text, images, videos, and audio produced by AI without direct human involvement. This technology leverages large datasets to create contextually relevant and coherent material, streamlining content production.
Key Benefits:
Content Creation: Rapidly generate high-quality content for blogs, articles, and social media.
Brainstorming: AI simulates conversations to inspire creative ideas.
Research Assistance: Efficiently summarize and research information.
Market Insights:
The content marketing industry is projected to grow to $17.6 billion by 2032, with AI-generated content expected to dominate over 55% of the market.
Case Study: CNET’s AI Content Controversy:
CNET’s use of AI for news articles led to public scrutiny due to factual inaccuracies, highlighting the need for transparency and human oversight.
Benefits Across Industries:
Marketing: Personalize content at scale and optimize engagement with predictive analytics.
Publishing: Automate content creation for faster publication cycles.
Education: Efficiently generate educational materials.
Healthcare: Create accurate content for patients and professionals.
Finance: Produce timely financial content for decision-making.
Challenges and Ethical Considerations:
Transparency: Disclose AI use to maintain trust.
Bias: Address potential AI biases with diverse datasets.
SEO: Ensure AI content meets SEO standards.
Quality: Maintain high standards to prevent misinformation.
Conclusion:
AI-generated content offers significant benefits in efficiency, personalization, and scalability. However, ethical considerations and quality assurance are crucial for responsible use. Explore the future of content creation with us and see how AI is transforming various industries.
Connect with Us:
Follow Cut-The-SaaS on LinkedIn, Instagram, YouTube, Twitter, and Medium. Visit cut-the-saas.com for more insights and resources.
5 big bets to drive growth in 2024 without one additional marketing dollar AND how to adapt to the biggest shifting eCommerce trend- AI.
1) Romance Your Customers - Retention
2) ‘Alternative’ Lead Gen - Advocacy
3) The Beautiful Basics - Conversion Rate Optimization
4) Land that Bottom Line - Profitability
5) Roll the Dice - New Business Models
Everyone knows the power of stories, but when asked to come up with them, we struggle. Either we second guess ourselves as to the story's relevance, or we just come up blank and can't think of any. Unlocking Everyday Narratives: The Power of Storytelling in Marketing will teach you how to recognize stories in the moment and to recall forgotten moments that your audience needs to hear.
Key Takeaways:
Understand Why Personal Stories Connect Better
How To Remember Forgotten Stories
How To Use Customer Experiences As Stories For Your Brand
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.
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.