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Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd



               Marketing Plan of UT-Tone

          As Partial Fulfillment of PGP – Pharma Program at Stevens Business School

                                              For

                                Lincoln Pharmaceutical Ltd

                                         Prepared By

                                         Dipa Shah
                                        Mitesh Shah




                                     Under guidance of

            Mr. C T Kapadia (Marketing Manager, Lincoln Pharmaceutical Ltd)

                   Dr. Raashid Saiyed (Director, Stevens Business School)




Stevens Business School, Batch: 2009 - 2011                                           Page 1
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

                                    PROJECT CERTIFICATE


                                                                                       Date: 18/12/2010

Dr. Raashid Saiyed

Professor & Director

Stevens Business School

Near Khatrej,

Gandhinagar 382721

Dear Sir / Madam:

                                        Sub: Project Certificate

This is to certify that Ms. Dipa Shah and Mr. Mitesh Shah of your institute have satisfactorily completed
live Project in our Company from 25th October to 15th December 2010. During the period of the Project,
they were given on-the-job training covering various areas/given tasks and responsibility comprising
market survey and making marketing plan on UT-Tone. They have completed and submitted the Report
on Marketing Plan on UT-Tone on 15th December 2010. They have presented the Report in proper form
before company official concerned on 13th December 2010.




______________________

(Signature)

Mr. C T Kapadia

Marketing Manager, Lincoln Pharmaceutical Ltd




Stevens Business School, Batch: 2009 - 2011                                                       Page 2
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

                                          DECLARATION



        We, Dipa Shah and Mitesh Shah, student of Post Graduate Program - Pharma of Stevens
Business School, Gandhinagar here by declare that the project work entitled “Marketing Plan of UT-
Tone” submitted to the Lincoln Pharmaceutical Ltd, India, Ahmedabad, is a record of an original work
done by us and this project work is submitted in the Partial Fulfillment of PGP – Pharma Program at
Stevens Business School



        This project is a result of culmination of our sincere efforts. This report has not been submitted
to any other University or Institute for the award of any degree or diploma.



        We declare that this submitted work is done solely by us and to the best of our knowledge. We
have tried at our level best to collect precise detail to provide useful information to the company.



        We also declare that all the information collected from various sources has been duly
acknowledged in this project report.



Dipa Shah

Mitesh Shah

PGP (Pharma)

Stevens Business School




Stevens Business School, Batch: 2009 - 2011                                                            Page 3
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

                                    ACKNOWLEDGEMENTS


        Here, we take this opportunity to humbly express our gratitude to all those concerned with our
project entitled “Marketing Plan of UT-Tone”. We would like to share the success of our project amongst
the person who has directly and indirectly helped us to complete this project.


        We are extremely thankful to Mr. C T Kapadia for providing us and opportunity to work with
Lincoln Pharmaceutical Ltd, Ahmedabad. My sincere thanks to Ms. Alefiya Contractor (PMT. Teresa,
Lincoln Pharmaceutical Ltd, Ahmedabad) for her perseverance, co-operation and constant help and
guidance throughout the project, which helps us to increase our knowledge and professional skills in
innovative manner. We are also thankful to entire Lincoln Pharmaceutical team for giving us the co-
operative and friendly support for the project.


        In providing concrete shape of our project, there are numerous people who have taken part.
We take this opportunity to express our deep sense of gratitude and hearty thanks to our Professor Dr.
Raashid Saiyed, Stevens Business School for providing us his valuable suggestions and remarks to
complete this project. His extensive knowledge of subject and the way, he imparted the same to us has
enabled us to develop the project cohesive manner.


        We would like to express our heartiest thanks to our family, parents and sister to extend their
help as and when required. We would like to thank our friends for their support during our project.


                                                                                              Dipa Shah

                                                                                            Mitesh Shah




Stevens Business School, Batch: 2009 - 2011                                                      Page 4
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

                                    EXECUTIVE SUMMARY




Ayurvedic medicine has now become an integral part of human health and safety. Ayurvedic people
consume Ayurvedic products as a part of treatment to cure disease and also as a part of preventive
healthcare there is a shifting of allopath to ayurveda is an emerging trend in India and also in western
countries. .

In this report we have taken UT tone which is Ayurvedic tonic. This is 100 percent pure Ayurvedic
preparation made from extracts, fruit, trunk, leaves, flower etc. This tonic is mainly used to cure
feminine problems in female as well as in the treatment of amenorrhea, infertility, anemia etc. Since this
is purely ayurveda project it does not show any visible side effects as well as no internal toxicity or
adverse effect to any organs. Though it is long term treatment but it cures feminine problems in female.

The present market survey aims to understand what the potential market for this Ayurvedic preparation
is. In this report we have captured perception analysis of gynecologist for UT tone tonic. In this report
we have also presented brand plan and promotional tools for launching UT tone under the title of
Lincoln Pharma. To prepare brand plan and cost analysis we have used CMS/ORG data for understanding
present UT tone market and potential market. We have also included budget calculation. We have also
suggested brand name and USP to cater larger market share in current total market.

In our survey we met gynecologists to know and understand their perception about this Ayurvedic
preparation. We have also included comparison of ingredients of UT tone and competitor’s product and
their ingredients.




Stevens Business School, Batch: 2009 - 2011                                                        Page 5
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

                                                     INDEX


    Sr. No.         Particular                                                          Page No.

                    Acknowledgements                                                      04

                    Executive Summary                                                     05
                    Index                                                                 06

  1                 Brief about UT-Tone                                                   09
              1.1   Ingredients and Actions                                               09

              1.2   Unique selling proposition (USP) of UT-Tone                           12

              1.3   Merit of UT-Tone                                                      12

              1.4   Demerit of UT-Tone                                                    12

              1.5   Suggested names for Re-Launch of UT-Tone                              13
  2      Current Marketing Situation                                                      14
                    Growth of Indian Pharmaceutical Market and Lincoln Pharmaceutical
              2.1                                                                         14
                    market
              2.2   Introduction to Gynaec Market                                         14
              2.3   Top Ten Pharmaceutical Market                                         15

              2.4   Gynaec Market Sales in Rs Cr                                          16

              2.5   Sales by sub-segments                                                 16
              2.6   UT-Tone Market Situation                                              19

              2.7   Sales of UT-Tone in Rs in Lakh                                        20
              2.8   Competitive Analysis                                                  20

              2.9   Price Comparison                                                      21

  3      Threat and Opportunities                                                         21

  4      Market Survey Detail                                                             22

              4.1   Title                                                                 22

              4.2   Objectives                                                            23

              4.3   Research Method                                                       23
              4.4   Sample Design                                                         24



Stevens Business School, Batch: 2009 - 2011                                                Page 6
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

          4.5   Data Analysis                                                             25
                           Uterine tonic preferred by doctors most for routine feminine
                4.5.1                                                                     25
                           problems
                4.5.2      The major indications in which uterine tonic prescribed        26
                           The major herbals, considered as the most effective curing
                4.5.3                                                                     27
                           uterine problems or infertility
                           The patient benefits that considered the most especially in
                4.5.4                                                                     28
                           Uterine tonic or feminine tonic
                           Doctors expectations from companies who market uterine
                4.5.5                                                                     29
                           tonic product
                           Source from where doctors come to know about uterine tonic
                4.5.6                                                                     30
                           product
                4.5.7      The promotional activities used for uterine tonic products     31
  5      Marketing Strategy for UT-Tone                                                   32

          5.1   Objectives for Marketing Plan                                             32
          5.2   Segment Profile                                                           32

          5.3   Positioning                                                               32

          5.4   Marketing Expenditure                                                     33
  6      Action Programs                                                                  34

          6.1   Target states for launch plan                                             34

          6.2   Segment Size                                                              39

          6.3   Sales Forecasting                                                         40
          6.4   Promotional Plan to doctors                                               44
          6.5   Promotional Plan to Business Executives                                   45
          6.6   Call plan for Business Executive per Month                                46

  7      Budget For 2011                                                                  47
  8      Control during Application of Marketing Plan                                     48

          8.1   Check point for controlling                                               48

          8.2   Example of control sheet for sales per quarter                            49

  9      Bibliography                                                                     50

  10     Annexure                                                                         51

         10.1   Proposal for Marketing Plan of UT-Tone                                    51

         10.2   Questionnaire for Doctors                                                 57

Stevens Business School, Batch: 2009 - 2011                                               Page 7
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

         10.3   Questionnaire for Chemists                       60

         10.4   List of Gynecologists                            61

         10.5   Visual ad                                        63

  11     Reflective Note                                         64




Stevens Business School, Batch: 2009 - 2011                      Page 8
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd



    1) BRIEF ABOUT UT-TONE


   It is marketed by Lincoln Pharmaceutical Ltd under Teresa Division
   Total Sale of UT-Tone for 2010: Rs 9,06,114
   Use: Uterine Tonic for female fertility and feminine problems
   Packing Size
        o    200ml syrup
   Price
        o    200ml syrup at Rs 65

1.1) Ingredients and Actions


Ashoka(saraca indica)
    Excellent herb for all gynecological problems – leucorrhea , menstrual disorders, dysmenorrhea
      etc

       Stimulates endometrium and ovarian tissues – enhances ovulation.

       Controls excessive bleeding.



Amruta (Tinospora Cordifolia)
   Excellent treatment for anemia

       Regulates the Immuno -modulatory activities ( Improves the immunity and the resistance of the
        body)

       Imparts longevity, youthfulness and vitality to women.



Shatavari (Aparagus racemosus)
    Cooling agent

       Balances the female hormonal system.

       Regulates ovulation

       Cures tiredness and morning sickness



Stevens Business School, Batch: 2009 - 2011                                                    Page 9
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

      Useful in curing infertility, leucorrhea , menstrual problems

      Increases lactation in feeding mothers



Ashwagandha (Withania somnifera)
    Useful in bloody discharge and in leucorrhea.

      Very helpful for lactating mothers.

      Used to cure uterine infections.

      Often good in vaginal pains other than due to infections.



Ghritkumari(Aloe Vera)
    Overall health of the body



Baheda (Woodfordia floribunda)
    Purifies blood

      Cures the problems of “vaat , pitt and cough “



Jaiphal (Miristica Fragrans)
     Useful in alleviating menstrual cramps

      Regularizes menstrual cycle



Lavang (Myrtus Caryophyllus)
    Detoxifies the gastrointestinal tract.

      Improves digestion.

      Restores libido.

      Reduces morning sickness in pregnancy



Jatamansi ( Nardostachys Jatamansi)
     Powerful blood purifier

      Stimulates the nervous system



Stevens Business School, Batch: 2009 - 2011                            Page 10
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

      Alleviates the pre -menstrual syndrome (PMS)



Chavak (Piper Officinarum)
    Useful in chronic digestion

      Helpful as a tonic in amenorrhoea and dysmenorrhoea.



Chitrak (Plumbago Zeylanica)
    Decreases the pain caused due to menstrual cramps



Kakadsinge(Pistacia Integgerima)
    Purifies blood

      Removes “pitt”



Kabab chini /Kankola(Piper cubeba )
    Stimulates ovulation.

      Supports liver and spleen.

      Restores libido.



Pushkarmool (Inula racemosa)
    Removes vaginal pains and infections

      Improves lactation in mothers



Loh bhasma (Iron Calx)
    Extremely helpful in reducing the menopausal syndrome

      Useful in anemic conditions

      It has a has a general vitalizing effect



Tamra Bhasma (Copper Calx)
    Useful in curing anemia as well as urinary infections

      Maintains healthy digestive systems

Stevens Business School, Batch: 2009 - 2011                      Page 11
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

       Strengthens the immunity of the body

1.2) Unique selling proposition (USP) of UT-Tone


   It is the right combination of 100% natural herbs and medicinal plant and their leaves, fruits, trunk
    etc. which are organic in nature.
   Herbal extracts are collected, treated, combined by boiling it natural way as it is described in
    Ayurveda granths thus it is pure and does not have any side effects.
   It does not carry any preservatives or artificial flavors which can be harmful in long term treatment.
   It is supplementary product to enhance uterine function and supports in treating infertility in
    women.
   It takes care of strengths, vigour, vitality, and ovulation.
   It keeps genital organs healthy and also overall wellbeing of women.
   It carries large amount of antioxidants, blood purifier which increases immunity and prevents
    immunity of genital organs.
   It takes care of mood swings, cures tiredness and morning sickness.



1.3) Merit of UT-Tonic


   Herbal product with no side effects,

   Can be continued with allopathic or other treatments.

   It gives permanent solution to the patients.

   Along with uterine treatment it takes care of overall wellbeing of women.


1.4) Demerit of UT-Tone


   Though it cures problem from the root but it is comparatively long duration treatment.

   Awareness of such ayurveda products is less.




Stevens Business School, Batch: 2009 - 2011                                                       Page 12
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

1.5) Suggested names for Re-launch of UT-tone


   Sure Cure - Surety of purity

   She Tone – For she it is pure

   Pube Tone - Female’s Wellbeing

   P2P – Puberty 2 Post menopause

   Pregnasure – Surety of Fertility




Stevens Business School, Batch: 2009 - 2011                      Page 13
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

    2) Current Marketing Situation


   Indian pharmaceutical market in 2010
        o    Rs 41,700.7 Cr
   Lincoln Pharmaceutical Ltd Market in 2010
        o    Rs 126.3 Cr (Export is around Rs 100 Cr and Indian Market is around Rs 26.3 Cr)



2.1) Growth of Indian Pharmaceutical Market and Lincoln Pharmaceutical
market


                      Year                                   Growth in %
                                                For IPM                    For Lincoln
                                                                        pharmaceutical Ltd
                      2007
                      2008                       14.98                           25
                      2009                       10.23                          -25
                      2010                       17.68                          0.38


   Here reason for negative growth for Lincoln Pharmaceutical is that after 2008, Lincoln
    pharmaceutical has concentrated more on export rather than Indian pharmaceutical market

2.2) Introduction to Gynaec Market


   Pharmaceutical is growing rapidly so as we are concern about Gynaec division how it is actually
    segmented in main two parts is shown in this figure. So mainly total market is divided in four major
    segments.

        o    Hormones

        o    VMS (Vitamins, Minerals, Supplements)

        o    Anti-infective

        o    Others




Stevens Business School, Batch: 2009 - 2011                                                    Page 14
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd


                                                                    Gynaec Market




                                        Regular Gynaec                                       Infertility
                                           Market                                           Treatment




                              VMS (Vitamins,
         Hormones                minerals,        Anti-infectives           Other           Hormones
                               supplements)




   So basically two main questions arise

        o    What is estimated market for gynecological products?

        o    What is the growth rate of that market?

   So answer for these two important questions are given in below figure.

2.3) Top Ten Pharma Market


                    Market                      Value (Rs.Cr)              CAGR % (2006 – 09)
                Anti-infectives                     6287                            13
                    Cardiac                         3947                            16
               Gastro Intestinal                    3832                            12
                  Respiratory                       3107                            11
                Pain/ Analgesic                     3082                            13
                    Gynaec                          2766                            14
                     VMS                            1933                            08
                    Derma                           1927                            13
                 Neuro / CNS                        1862                            13
                 Anti Diabetic                      796                             20




Stevens Business School, Batch: 2009 - 2011                                                       Page 15
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

       It shows that Gynaec market is 6th largest in pharmaceutical market and its value is around 2800
        Cr approximately.

2.4) Gynaec Market Sales in Rs. Cr



       6000
                                                        5326

       5000


       4000
                         14%
                                              2766
       3000                         2475                                Gynaec Market sales in Rs. Cr
                          2096
                1845
       2000


       1000


         0
               2006      2007      2008       2009     2014


       Most importantly this market is grown at 14% CAGR (Compound annual growth rate) and form
        above graph we can say that it should be 5326 Cr in 2014 approximately.



2.5) Sales by sub-segments (Rs Cr)


                                    Market            CAGR % (2006 – 09)
                                    Others                     15
                                 Anti-infective                08
                                   Hormones                    18
                                     VMS                       12




Stevens Business School, Batch: 2009 - 2011                                                       Page 16
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

                            Sales by sub-segments in Rs Cr


       3000
                                                                                 528
       2500
                                                             480                  75
                                          402                 71
       2000
                        345                63                                    862
                         59                                  765
       1500                               615
                        523
       1000
                                                            1159                 1300
                        917               1015
       500

          0
                     2006              2007              2008                  2009

                               VMS     Hormones     Anti-infectives   Others


Hormones
        Emerged as attractive segments, driven by growing market for contraceptives, medical abortion,
         and infertility treatment.

        Hormones is the fastest growing segment in the Gynaec market and second largest in terms of
         sales:

              o   Recorded a CAGR (2006 -09) of 18% as opposed to 14% for Total Gynaec market

              o   With sales of Rs 862 Cr, hormones make up 31% of the total market

        Progestogen is the largest category with sales of Rs 279 Cr, however has grown at less than
         market growth at a CAGR (2006 -09) of 10%

              o   Highly competitive market with 76 players and 132 brands

        Growth has been driven by Anti-Progestogen, 49% CAGR (2006-09) and oral contraceptives, 18%
         CAGR (2006-09)

              o   Anti-Progestogen: Growth has been driven by the increase in medical abortion

              o   Contraceptives: Increasing awareness, lifestyle changes, increasing number of working
                  women, etc have all led to the growth of oral contraceptives – CAGR (2006 – 09) 18%


Stevens Business School, Batch: 2009 - 2011                                                      Page 17
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

             o   New generation oral contraceptives: Drospirenone and norgestrel combinations (with
                 ethinylestradiol) driving growth

             o   Emergency contraceptives: Driven by media promotions (I Pill and Unwanted 72), this
                 segment has grown exponentially from Rs 1 Cr in 2006 to Rs 31 Cr in 2009

VMS (Vitamin, minerals and Supplements)


   Although the largest segment by sales, it is of limited attractiveness due to intense competition.

   At Rs 1300 Cr, VMS market is the largest market interms of sales, and has grown at a 12% CAGR
    (2006-09), lower than total Gynaec CAGR

        o    40% VMS Rx come from gynecologists – making the market of Rs 520 Cr

        o    VMS market is dominated by older players resulting in sluggish growth

   Haemetinics and Calcium supplements together account for 80% of the market.

   Haemetinics contributes to 60% of the VMS market, with sales of Rs 786 Cr (Gynecologists specific –
    Rs 314 Cr) and has grown at 14% CAGR (2006-09)

   Calcium market has grown at a CAGR (2006-09) of 11% and has sales of Rs 262 Cr (Gynecologists
    specific – Rs 105 cr)

        o    Calcium market has 300 brands, and is also very competitive.

Anti-infectives


   Small and low growth market with limited NI activity

   Anti-infectives accounts for only 3% of the total Gynaec market

        o    2009 sales of anti-infectives – Rs 75 Cr, Growing at a 8% CAGR (2006-09)

   Clotrimazole plain & combination has been the traditionally used anti-infective and is the largest sub
    segment.

        o    Accounted for 47% of anti-infective market, with 2009 sales of Rs 35Cr and a 13% CAGR
             (2006-09)

        o    However, given the existing competition in the market, more than 70 brands, Nis have been
             able to achieve little success, Avg. value of Nis Rs 0.5Cr




Stevens Business School, Batch: 2009 - 2011                                                       Page 18
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

   Relatively newer segment of urinary antiseptics segment has grown at a CAGR of 32% and driven
    growth

        o    Nitrofurantoin has been the growth driver for Ranbaxy and Walter Bushnell.

Other Sub segments


   Key segment in this market are Antifibrinolytics, Urinary Alkalisers and Misoprostol.

   Others account for 19% of the total Gynaec market. Antifibrinolytics, Urinary alkaalisers and
    Misoprostol are the key segments In this group.

   Tranexamic plain and comb is the biggest market (Rs 71 Cr), CAGR (2006-09) of 18%.

        o    Most companies offer Drs both plain and compbination options. However this is a highly
             dominated market since top 5 brands account for less than 65% of the market.

   Urinary Alkalisers is a Rs 53 Cr market, CAGR (2006-09) of 14%

        o    Magnesium citrate comb has been well in this market (12 launches since 2006, Avg value Rs
             0.7 Cr). Misoprostol (Cytostatics) – used in medical abortion is the next big market (Rs 49
             Cr), CAGR of 25%.

2.6) UT-Tone Market Situation


                                                                                  Markets share of UT-
                           Uterine Tonic Market       UT-Tone Market in Rs
            Year                                                                  Tone in Uterine Tonic
                                  in Rs Cr                   Lakh
                                                                                         Market

         2007                        71.2                       3.65                        0.051


         2008                        71.4                       5.87                        0.082


         2009                        85.3                      6.017                        0.070


         2010                        96.4                       9.06                        0.160




Stevens Business School, Batch: 2009 - 2011                                                         Page 19
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

2.7) Sales of UT-Tone in Rs in Lakh




    10                                                 9.06114
     9
     8
     7                     5.87872       6.01717
     6
     5                                                                      Sales of UT-Tone in Rs in
              3.67521
     4                                                                      Lakh
     3
     2
     1
     0
              MAT          MAT           MAT          MAT
             MAR'07       MAR'08        MAR'09       MAR'10


    From the above graph, we can say that the sales of UT-Tone is increased every year and at the end
     of year 2010 the total sale of UT-Tone is around Rs 9,06,114

2.8) Competitive Analysis


                             Sum of MAT MAR'10 in Rs in Cr
    35                      31.6718917
    30
    25
    20
    15        11.4954817
                                                                 Sum of MAT MAR'10 in Rs in
    10               7.0184283
                                            5.4546779            Cr
     5                               1.8371988     3.0794144
         0.0906114
     0




Stevens Business School, Batch: 2009 - 2011                                                     Page 20
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

From the graph, we can say that the market leader for uterine tonic is M2-tone with market of Rs 31.67
Cr. While the Evecare, Cycloset and Ashokarisht have market of Rs 11.49Cr, Rs 7.018Cr and Rs 5,45 Cr
respectively.

2.9) Price Comparison
                                             Pricing of Product
                                                                              Price to       Price to
       Competitive Brands                  Packing Size            MRP       Retailer in   Stockiest in
                                                                                 Rs             Rs
       Cycloset (Alembic)                    300 ml           Rs 162.75      Rs 135.56     Rs 123.19

       Evecare (Himalaya)                    200ml                 Rs 75      Rs 62.47      Rs 56.77

    M2- Tone (Charak Pharma)                 200ml                 Rs 72      Rs 59.98      Rs 54.50

    Amycordial (Aimil Pharma)                200ml                 Rs 70      Rs 58.32      Rs 52.99

     Gynedol (DWD Pharma)                    200 ml               Rs 67.75    Rs 56.45      Rs 51.30

          Ashokarisht                        300ml                 Rs 75      Rs 62.50      Rs 56.80

              UT-Tone                        200 ml               Rs 65.90   Rs 54.92       Rs 49.92



    3) Threat & Opportunities


   Threats

              o   Development in allopathic medicine

   Opportunities

              o   Increase in Feminine problems

              o   Increase in population

              o   Increase in the knowledge of Ayurvedic products in the Doctors




Stevens Business School, Batch: 2009 - 2011                                                       Page 21
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

   4) Market Survey Detail


4.1) Title


      Proposal for formulating marketing Plan for UT-Tone.


4.2) Objectives


1. Current marketing situation:

   1.1. To prepare market description that defines the market and major segments, reviews customer
        needs and factors in the marketing environment that may affect customer purchase.

   1.2. To find out sales, price and gross margin of the UT-Tone.

   1.3. To find out strategies for product quality, pricing, distribution and promotion for competitors
        product for uterine tonic.

   1.4. To evaluate the recent sales trends for uterine tonic by review of distribution.

2. Threats and opportunities analysis:

   2.1. To find out threats and opportunities that UT-tone might face.

3. Objectives and issues:

   3.1. To find out the main herbal ingredients present in the competitor’s brands and compare it with
        UT Tone.

   3.2. To compare each of the ingredients with other competitors brands with UT-Tone and make a
        special note on that.

   3.3. To prepare a literature stating the advantages of UT tone in compared with other brands
        available in the market.

   3.4. To find out the major indications in which these brands are prescribed major.

   3.5. To find out the total duration for which it is prescribed according to the indication.

   3.6. To find out the major herbals, doctors consider as the most effective curing uterine problems or
        infertility.

Stevens Business School, Batch: 2009 - 2011                                                      Page 22
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

   3.7. To find out the major brands available in the market for uterine tonic.

4. Marketing strategy

   4.1. To make marketing strategy for UT-Tone by which Lincoln Pharmaceutical Ltd. hopes to achieve
        its marketing objectives and the specifics of target markets, positioning and marketing
        expenditure levels.

5. Action programs

   5.1. To prepare action programs which make program for what will be done and by whom at which
        time and how much will it cost.

6. Budget

   6.1. To prepare supporting marketing budget that is essentially a projected profit and loss
        statement which shows expected revenues and expected costs.

7. Control

   7.1. To outlines the control that will be used to monitor progress by measuring return on marketing
        investment.


4.3) Research Method


                         Data required                              Data Source   Data collection tool
       To find out the main herbal ingredients present in
        the competitor’s brands and compare it with UT
        Tone.
       To compare each of the ingredients with other
        competitors brands with UT Tone and make a
        special note on that.
                                                                     Internet,
       To prepare a literature stating the advantages of
                                                                    MIMS,ORG,
        UT tone in compared with other brands available in                         Literature Survey
                                                                    Drug Today,
        the market.                                                     etc
       To find out sales, price and gross margin of the UT-
        Tone.
       To prepare market description that defines the
        market and major segments, reviews customer
        needs and factors in the marketing environment
        that may affect customer purchase.

Stevens Business School, Batch: 2009 - 2011                                                   Page 23
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

       To find out threats and opportunities that UT-tone
        might face.
       To find out strategies for product quality, pricing
        and distribution for competitors product for
        uterine tonic.
       To find out the major indications in which these
        brands are prescribed major.
       To find out the total duration for which it is
                                                                     Doctors of
        prescribed according to the indication.                                   Questionnaire
                                                                    Ahmadabad
       To find out the major herbals, doctors consider as
        the most effective curing uterine problems or
        infertility.
       To find out the major brands available in the market for
        uterine tonic.
       To find out sales of uterine tonic products in
                                                                    Chemists of
        Ahmadabad Medicine market as per chemist survey.                          Questionnaire
                                                                    Ahmadabad
       To find out pricing of available brands of uterine tonic.
       To find out promotional schemes given to chemists for
        uterine tonic products.


4.4) Sampling Design


       Target population              :       Chemists, doctors
       Sampling techniques            :       Convenience Sampling
       Total sample size              :       60
                       Chemist        :       20
                       Doctors        :       40




Stevens Business School, Batch: 2009 - 2011                                               Page 24
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

4.5) Data Analysis


4.5.1) Uterine tonic preferred by doctors most for routine feminine problems



                                       Uterine Tonic Prefered By
                                                Doctors
                                  80


                                               70
                                  70


                                                    60                      Cycloset(Alembic)
                                  60

                                                                            Evecare (Himalaya)
                                  50
                                                                            M2-Tone (Charak
                     % Response




                                        42.5                                Pharma)
                                  40                                        Amycordial (Aimil
                                                              35            Pharmaceutical)
                                                                            Gynedol (DWD
                                  30                                        Pharma Ltd)
                                                                            UT-Tone (Lincoln
                                                                            Pharma)
                                  20                               17.5
                                                         15                 Ashokarisht

                                  10                                  7.5



                                   0
                                         Uterine Tonic Products




Interpretation

Market Leader for Uterine tonic Product is Evecare which is brand of Himalaya. Other uterine product
like M2-Tone from Charak Pharma, Cycloset from Alembic and Gynedol from DWD Pharma Ltd has
market share of around 60%, 44% and 35% respectively.




Stevens Business School, Batch: 2009 - 2011                                                      Page 25
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

4.5.2) The major indications in which uterine tonic prescribed



                   Indication in which Uterine Tonic Precscibed
       Premature ejaculation                   10

             Urinary Infection        5

                    Infertility                     15

       Menopausal syndrome                                                  37.5

  Vaginal pains and infections                  12.5

                  Amenorrhea                                            35

            Exessive Bleeding                                                                  65

              Dysmenorrheal                                          32.5

         Menstrual Disorders                                                                              80

                   Leucorrhea                                                      47.5

                                  0       10         20         30       40        50     60    70   80        90

                                                         Total Frequency in %


Interpretation:

From the Graph it can be interpreted that the major indication for prescription of uterine tonic products
are Menstrual Disorders, Excessive Bleeding, Leucorrhea, Menopausal Syndrome and Amenorrhea. The
duration for the Uterine products in these indications are majorly for 3 months with 2 times in a day
dosage.




Stevens Business School, Batch: 2009 - 2011                                                          Page 26
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

4.5.3) The major herbals, considered as the most effective curing uterine
problems or infertility



              Major Herbals considered as
              most effective curing uterine
                problems or infertitlity

      2.5

      2.5

          7.5                                         Amla
                                                      Guduchi
                                 52.5
                                                      Shilajeet
      2.5
                                                      Loh bhasma
      2.5
                                                      Chitrak
              10                                                      Interpretation:
                                                      Chavak
                     32.5                             Jaiphal         From the graph, it can be
                                                      Ghritkumari     interpreted that the major
                                               90
                                                      Shatavari       herbals which are considered as
      0                                                               most effective curing uterine
                                                      Daruharidra
                     35                                               problems or infertility are
                                                      Musta
                                                                      Ashoka, Satavari, Lodhra, Loh
          7.5
                                                      Shivalingi      Bhasma, Ghritkumari and Musta.
                                        72.5          Lodhra
                                               92.5   Ashoka

          7.5                                         Mandur bhasma
                                                      Vanghbhasma
          7.5
                                                      Garika
          7.5
                                                      Jatamansi
                15
                                                      Kankola
      0                                               Kamal
          5



  0                         50                 100



Stevens Business School, Batch: 2009 - 2011                                                 Page 27
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

4.5.4) The patient benefits that considered the most especially in uterine tonic
or feminine tonic



                                   Benefits to Patients


                              17.5
                                                               Good for Hair
                              17.5
                                                               Good for skin
                              17.5
                                                               improve health of
                              17.5                             colon
                                                               Improve metabolism
                                                                                      Interpretation:
                                   20
                                                               Blood Purifier         From the graph, we can
                                           37.5                                       interpreted that the major
   Patients Benefits




                                                               Improve liver Health   benefits to patients from
                         10                                                           uterine tonic or feminine
                                                               Promote Ovulation      products are regular menstrual
                              17.5                                                    cycle,     improve   digestion
                                                               Increase Lacatation    system,      mental   stability,
                          12.5                                 During Feeding
                                                                                      improve fertility and improve
                                                               Improve Ovarian        health of liver.
                          12.5                                 Hormon function
                                                               No Side Effects
                                               42.5
                                                               Improve fertiliy
                                                  45
                                                               Improve Digesion
                                                   47.5        System
                                                               Regulate Menstrual
                                                  45           cycle
                                                               Mental Stability


                  0           20          40              60
                              Frequency in %




Stevens Business School, Batch: 2009 - 2011                                                               Page 28
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

4.5.5) Doctors expectations from companies who market uterine tonic
product



                   Doctors Expectations from Companies who
                        Market Uterine Tonic Products
  70
                                                62.5
  60

  50
                  42.5
  40                            35

  30                                                                            25

  20

  10                                                               5                             5

   0
                                                Total Frequency in %

        Imcrease patient knowledge about ayurvedic products

        Regular campaign of ayurvedic products for soctors

        Patient education on how ayurvedic products help and what are the major criterions for using those
        products
        Audio - Visual promotion to doctors

        Free Sample

        Sufficient free sample for complete treatment of patient


Interpretation:

From the graph, we can interpreted that the doctors expectations from companies who market uterine
tonic products are patient education on how Ayurvedic products help and what are the major criterions
for using these products and second one is improve patients knowledge about Ayurvedic products.




Stevens Business School, Batch: 2009 - 2011                                                           Page 29
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

4.5.6) Source from where Doctors come to know about Uterine Tonic Product



         Source from where Doctors
        come to know about Uterine
               Tonic Product
  120

                  100
  100


   80


   60


   40                                           32.5


   20                            15


    0
                         Total Frequency in %

        company Executives    Internet     Health Magazines




Interpretation:

From the graph, we can interpret that the major source from where doctors come to know about
uterine tonic product is the company executive regular visit to doctors.




Stevens Business School, Batch: 2009 - 2011                                         Page 30
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

4.5.7) The promotional activities used for uterine tonic products



              Promotional Activities used for
                 Uterine Tonic Products


      2.5
                                                   Board of organ chart

      2.5
                                                   Website to create talk
                                                   with experts
        7.5
                                                   Gifts

              15                                   Big Hoardings at Hospital

            12.5                                   Table tops

                   20                              Sponcer Ship of events

      2.5                                          Internet

                                           75      Free Sample

                        32.5                       Literatures

                                  57.5             Company Executives




  0           20         40      60         80


Interpretation:

From the graph, we can interpreted that the major promotion tool used by company for uterine tonic
product are free samples, regular visit b company executives and literature. During survey we are able
to find out the other new kind of promotion tools which are used by companies are sponsorships of
events of doctors as well as medical students association, big hoarding or organ chart with company
name at clinic.




Stevens Business School, Batch: 2009 - 2011                                                  Page 31
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

    5) Marketing Strategy for UT-Tone


5.1) Objectives for Marketing Plan


                             Brand Value in Rs in        Growth in Brand         Market share in
            Year
                                    Lakh                    Value in %         Uterine Tonic Market

         2010                       9.06114                    45.17                   0.16

         2011                      16,02,006                     75                    0.28

         2012                      29,63,712                     85                    0.51

         2013                      59,27,423                    100                    1.036



5.2) Segment Profile


   Geographic

        o     City : UP, Rajasthan, Gujarat, MP, North Belt, Orissa, Assam

   Demographic

        o     Occupation : Professional

        o     Education : College Graduate (MBBS, MD - DGO, MD - GYNEC, Ayurvedic Doctors)

5.3) Positioning


   It is prepared from 100% natural herbs and Ayurvedic medicinal plants.

   UT Tone syrup provides support and functioning of uterus and also aids in enhancing the fertility of
    the women. This Ayurvedic formulation is a solution to all uterine disorders thereby providing
    strength, vigour and vitality to all females.

   Regular intake of UT Tone keeps the female genital organs healthy, functional and increases
    immunity against all types of genital infections.




Stevens Business School, Batch: 2009 - 2011                                                    Page 32
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

5.4) Marketing Expenditure


                        Year                  % of Total Revenue

                       2011                          21%

                       2012                          15%

                       2013                          15%




Stevens Business School, Batch: 2009 - 2011                        Page 33
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

   6) Action Programs


6.1) Target states for launch plan


                       UP UTRANCHAL


          RSM        LUCKNOW                  1


          ASM-I      LUCKNOW                  1
          BE         LUCKNOW                  2
          BE         BAREILY                  1
          BE         KANPUR                   2
          BE         LAKHIMPUR                1
          BE         MORADABAD                1   RSM      1
          BE         JHANSI                   1   ASM      3
                                              8   BE       20


          ASM-II     VARANSI                  1   TOTAL    24
          BE         VARANSI                  1
          BE         AZAMGARH                 1
          BE         GORAKHPUR                1
          BE         ALLAHBAD                 1
          BE         FAIZABAD                 1
                                              5


          ASM-III    GHAZIABADMEERUT         1
          BE         GHAZIABAD                2
          BE         MEERUT                   1
          BE         DEHRADUN                 1
          BE         AGRA                     1
          BE         ALIGARH                  1
          BE         HALDWANI                 1
                                              7




Stevens Business School, Batch: 2009 - 2011                      Page 34
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

                         RAJASTHAN

        RSM         JAIPUR                    1

        ASM-I       JAIPUR                    1       RSM       1
        BE          JAIPUR                    3       ASM       3
        BE          BIKANER                   2       BE       15
        BE          GANGANAGAR                1
        BE          BAHRATPUR                 1       TOTAL    19
                                              7

        ASM-II      JODHPURUDAIPUR           2
        BE          JODHPUR                   3
        BE          UDAIPUR                   2
        BE          AJMER                     2
        BE          KOTA                      1
                                              8



                          GUJARAT
      RSM        AHMEDABAD                        1

      ASM-I      AHMEDABAD                        1
      BE         AHMEDABAD                        4
      BE         MEHSANA                          1    RSM           1
      BE         PALANPUR                         1    ASM           3
                                                  6    MR           19
      ASM-I      RAJKOT                           1
      BE         RAJKOT                           2    Total        23
      BE         BHAVNAGAR+AMRELI                 1
      BE         JUNAGARDH+UNA                    1
      BE         JAMNAGAR                         1
      BE         BHUJ+KUTCH                       1
                                                  6
      ASM-III    SURAT                            1
      BE         SURAT                            2
      BE         BARODA                           1
      BE         DAHOD+ANAND                      1
      BE         GODHARA                          1
      BE         BHARUCH+ANKLESHWER               1
      BE         VAPI+VALSAD                      1
                                                  7




Stevens Business School, Batch: 2009 - 2011                         Page 35
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

                               MP
                  RSM             BHOPAL      1
                 ASM-I           BHOPAL       1
                  BE             BHOPAL       2   RSM      1
                  BE             GWALIOR      1   ASM      3
                  BE              GUNA        1    BE     16
                                  SAGAR       1
                                              5   TOTAL   20
                 ASM-II         JABALPUR      1
                  BE            JABALPUR      2
                  BE             RAIPUR       1
                  BE            BILASPUR      1
                  BE              SATNA       1
                  BE              REWA        1
                                              6
                 ASM III          INDORE      1
                  BE              INDORE      2
                  BE               UJJIAN     1
                  BE              RATLAM      1
                  BE             KHANDAW      1
                                              5




                       NORTH BELT
                (PUNJAB,CHANDIGARH,DELHI)

RSM            DELHI                                1

ASM-I, II      DELHI                                3
BE             DELHI                               10
                                                   10
                                                               RSM            1
ASM III        ROHTAK                               1          ASM            4
BE             ROHTAK                               2          BE            18
               SIRSA / HISSAR                       1
               GURAGAON / REWARI                    1          TOTAL         23
               FARIDABAD                            3
               PANIPAT / SONIPAT / KARNAL           1
                                                    8




Stevens Business School, Batch: 2009 - 2011                            Page 36
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

                            ORISSA

            RSM         CUTTACK               1

            ASM-I       CUTTACK               1
            BE          CUTTACK               3
            BE          ANGUL                 1
            BE          DHENKANAL             1   RSM      1
            BE          BERHAMPUR             2   ASM      4
                                              7   BE      26
            ASM-II      BHUBNESHWAR           1
            BE          PURI                  1   TOTAL   31
            BE          KEONJHAR              1
            BE          JAGATSINGHPUR         1
            BE          KENDRAPADA            1
                                              4

            ASM-III     BHADRAK               1
            BE          BARIPODA              1
            BE          BALASORE              1
            BE          BHADRAK               1
            BE          JAJPUR                1
                                              4

            ASM-III     SAMBALPURE            1
            BE          SAMBALPURE            2
            BE          SUNDERGARH            1
            BE          JARSUGADA             1
            BE          ROULKELA              1
            BE          BARGAH                1
                                              6

            ASM-IV      BOLANGIR              1
            BE          BOLANGIR              1
            BE          BHAWANIPATANA         1
            BE          SONEPUR               1
            BE          JEYPORE               1
            BE          KHURDA                1
                                              5




Stevens Business School, Batch: 2009 - 2011                      Page 37
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

                              ASSAM

            RSM          IMPHAL                         1


            ASM-II       IMPHAL                         1             RSM              1
            BE           IMPHAL                         1             ASM              3
            BE           AIZWAL                         1             MR              14
            BE           KARIMGANJ+SILCHAR              1
            BE           AGARTALA                       1             TOTAL           18
            BE           SHILONG                        1
                                                        5


            ASM-I        JYOTI GAUWAHATI                1
            BE           GAUWAHATI                      1
            BE           BARIPETA                       1
            BE           N.LAKHIMPUR                    1
            BE           DHUBRI                         1
            BE           KOKRAJHAR                      1
                                                        5

            ASM-II       SABBIR                         1
            BE           JORHAT                         1
            BE           DIBRUGARH                      1
            BE           DIMAPUR                        1
            BE           TINSUKIA                       1
                                                        4


                                     Target States for Launch Plan
                                         Number of Business          Total Business Executive
            Name of States
                                         Executives per State            in Target States
                    UP                            20                           128
              RAJASTHAN                           15
                 GUJARAT                          19
                    MP                            16                    Total Target States
              NORTH BELT                          18                            7
                 ORISSA                           26
                 ASSAM                            14




Stevens Business School, Batch: 2009 - 2011                                                     Page 38
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

6.2) Segment Size


                                            Segment Size
                Number of Doctors          Number of
                                                             Total Number of Doctors   Total Sample
    State         per Business         Business Executive
                                                                    per State              Size
                   Executive                per state
   Gujarat              100                    19                     1900

     M.P                100                    16                     1600

     U.P                100                    20                     2000

    Delhi               100                    18                     1800                 12800

   Asham                100                    14                     1400

   Orissa               100                    26                     2600

  Rajasthan             100                    15                     1500




   Category of Doctors on the Basis of Prescription generation
                                                                     % of Doctors in category
                             scale

                       A category doctors                                      30%


                      B+ Category doctors                                      50%


                       B Category Doctors                                      20%




Stevens Business School, Batch: 2009 - 2011                                                 Page 39
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

6.3) Sales forecasting



                                                                                                            Expected Sales from Product in 2011

                                                        Quarter 1                                                    Quarter 2                                                     Quarter 3                                                      Quarter 4
               Number
                               January              February                 March                  April               May                June                 July                 August            September              October            November              December
 Name of State of B.E.
                                     Total                Total                                         Total                Total              Total                Total                Total                Total                Total                Total                Total
               per State No. of                 No. of               No. of                   No. of               No. of             No. of               No. of               No. of               No. of               No. of               No. of               No. of
                                   Number                Number              Total Number of          Number of            Number             Number               Number               Number               Number               Number               Number               Number
                         Unit per              Unit per             Unit per                 Unit per             Unit per           Unit per             Unit per             Unit per             Unit per             Unit per             Unit per             Unit per
                                    of Unit              of Unit              Unit per State           Unit per             of Unit            of Unit              of Unit              of Unit              of Unit              of Unit              of Unit              of Unit
                           B.E                   B.E                  B.E                      B.E                  B.E                B.E                  B.E                  B.E                  B.E                  B.E                  B.E                  B.E
                                   per State            per State                                       State              per State          per State            per State            per State            per State            per State            per State            per State
    Gujarat       19 15 285                      15 285               18            342        20        380        20 380 22 418                           22 418               24 456               24 456               25 475               25 475               25 475
      M.P         16 15 240                      15 240               18            288        20        320        20 320 22 352                           22 352               24 384               24 384               25 400               25 400               25 400
      U.P         20 15 300                      15 300               18            360        20        400        20 400 22 440                           22 440               24 480               24 480               25 500               25 500               25 500
     Delhi        18 15 270                      15 270               18            324        20        360        20 360 22 396                           22 396               24 432               24 432               25 450               25 450               25 450
    Asham         14 15 210                      15 210               18            252        20        280        20 280 22 308                           22 308               24 336               24 336               25 350               25 350               25 350
    Orissa        26 15 390                      15 390               18            468        20        520        20 520 22 572                           22 572               24 624               24 624               25 650               25 650               25 650
   Rajasthan 15 15 225                           15 225               18            270        20        300        20 300 22 330                           22 330               24 360               24 360               25 375               25 375               25 375
 Total unit sales in month      1920                 1920                    2304                   2560                2560               2816                 2816                 3072                 3072                 3200                 3200                 3200

Total unit sales in Quarter                             6144                                                         7936                                                           8960                                                           9600
 Total unit sales in 2011                                                                                                                    32640

Stevens Business School, Batch: 2009 - 2011                                                                                                                                                                                                                          Page 40
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd


                                                                                                       Expected Sales from Product in 2012

                                                 Quarter 1                                                    Quarter 2                                                     Quarter 3                                                Quarter 4

               Number
                               January            February            March               April                 May                   June                 July               August          September            October          November            December
 Name of State of B.E.
                                     Total              Total              Total                Total                                      Total                Total              Total              Total              Total              Total              Total
               per State No. of               No. of             No. of             No. of             No. of                   No. of              No. of               No. of             No. of             No. of             No. of             No. of
                                   Number              Number            Number              Number            Total Number of           Number               Number              Number            Number             Number             Number             Number
                         Unit per            Unit per           Unit per           Unit per           Unit per                 Unit per            Unit per             Unit per           Unit per           Unit per           Unit per           Unit per
                                    of Unit            of Unit            of Unit             of Unit           Unit per State            of Unit              of Unit            of Unit            of Unit            of Unit            of Unit            of Unit
                           B.E                 B.E                B.E                B.E                B.E                      B.E                 B.E                  B.E                B.E                B.E                B.E                B.E
                                   per State          per State          per State          per State                                    per State            per State          per State          per State          per State          per State          per State
    Gujarat 19 28 532 32 608 35 665 35 665 38                                                                         722        38 722 40 760 40 760 42 798 45 855 48 912 50 950
      M.P         16 28 448 32 512 35 560 35 560 38                                                                   608        38 608 40 640 40 640 42 672 45 720 48 768 50 800
      U.P         20 28 560 32 640 35 700 35 700 38                                                                   760        38 760 40 800 40 800 42 840 45 900 48 960 50 1000
     Delhi        18 28 504 32 576 35 630 35 630 38                                                                   684        38 684 40 720 40 720 42 756 45 810 48 864 50 900
    Asham 14 28 392 32 448 35 490 35 490 38                                                                           532        38 532 40 560 40 560 42 588 45 630 48 672 50 700
    Orissa        26 28 728 32 832 35 910 35 910 38                                                                   988        38 988 40 1040 40 1040 42 1092 45 1170 48 1248 50 1300
   Rajasthan 15 28 420 32 480 35 525 35 525 38                                                                        570        38 570 40 600 40 600 42 630 45 675 48 720 50 750
 Total unit sales in month      3584               4096                4480               4480                   4864                   4864               5120               5120               5376               5760               6144               6400

Total unit sales in Quarter                      12160                                                        14208                                                        15616                                                     18304
 Total unit sales in 2012                                                                                                                  60288
Stevens Business School, Batch: 2009 - 2011                                                                                                                                                                                                            Page 41
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd


                                                                                                       Expected Sales from Product in 2013

                                                 Quarter 1                                                    Quarter 2                                                     Quarter 3                                                Quarter 4

               Number
                               January            February            March               April                 May                   June                 July               August          September            October          November            December
 Name of State of B.E.
                                     Total              Total              Total                Total                                      Total                Total              Total              Total              Total              Total              Total
               per State No. of               No. of             No. of             No. of             No. of                   No. of              No. of               No. of             No. of             No. of             No. of             No. of
                                   Number              Number            Number              Number            Total Number of           Number               Number             Number             Number             Number             Number             Number
                         Unit per            Unit per           Unit per           Unit per           Unit per                 Unit per            Unit per             Unit per           Unit per           Unit per           Unit per           Unit per
                                    of Unit            of Unit            of Unit             of Unit           Unit per State            of Unit              of Unit            of Unit            of Unit            of Unit            of Unit            of Unit
                           B.E                 B.E                B.E                B.E                B.E                      B.E                 B.E                  B.E                B.E                B.E                B.E                B.E
                                   per State          per State          per State          per State                                    per State            per State          per State          per State          per State          per State          per State
    Gujarat 19 55 1045 58 1102 60 1140 65 1235 70                                                                    1330        75 1425 80 1520 85 1615 90 1710 95 1805 100 1900 110 2090
      M.P         16 55 880 58 928 60 960 65 1040 70                                                                 1120        75 1200 80 1280 85 1360 90 1440 95 1520 100 1600 110 1760
      U.P         20 55 1100 58 1160 60 1200 65 1300 70                                                              1400        75 1500 80 1600 85 1700 90 1800 95 1900 100 2000 110 2200
     Delhi        18 55 990 58 1044 60 1080 65 1170 70                                                               1260        75 1350 80 1440 85 1530 90 1620 95 1710 100 1800 110 1980
    Asham 14 55 770 58 812 60 840 65 910 70                                                                           980        75 1050 80 1120 85 1190 90 1260 95 1330 100 1400 110 1540
    Orissa        26 55 1430 58 1508 60 1560 65 1690 70                                                              1820        75 1950 80 2080 85 2210 90 2340 95 2470 100 2600 110 2860
   Rajasthan 15 55 825 58 870 60 900 65 975 70                                                                       1050        75 1125 80 1200 85 1275 90 1350 95 1425 100 1500 110 1650
 Total unit sales in month      7040               7424                7680               8320                   8960                   9600              10240              10880               11520              12160              12800              14080

Total unit sales in Quarter                      22144                                                        26880                                                         32640                                                    39040
 Total unit sales in 2011                                                                                                                 120704
Stevens Business School, Batch: 2009 - 2011                                                                                                                                                                                                            Page 42
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

                      Expected Sales in units for Product
                                                   Expected Sales in Unit
                      Year     Quarter         Per         Per        During 3
                                             Quarter      Year         Years
                                    Q1        6144
                                    Q2        7936
                      2011                               32640
                                    Q3        8960
                                    Q4        9600
                                    Q1        12160
                                    Q2        14208
                      2012                               60288        213632
                                    Q3        15616
                                    Q4        18304
                                    Q1        22144
                                    Q2        26880
                      2013                               120704
                                    Q3        32640
                                    Q4        39040




                       Sales forecasting in Rupees

                                                 Expected sales in Rupees
                   Year      Quarter
                                            Per
                                                   Per Year       During 3 Years
                                          Quarter
                               Q1        302530.6
                               Q2        390768.6
                   2011                           1607193.6
                               Q3        441190.4
                               Q4         472704
                               Q1        598758.4
                               Q2        699601.9
                   2012
                               Q3        768931.8
                                                  2968581.1     10519240
                               Q4         901289
                               Q1        1090371
                               Q2        1323571
                   2013                            5943465
                               Q3        1607194
                               Q4        1922330




Stevens Business School, Batch: 2009 - 2011                                        Page 43
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

6.4) Promotional Plan To Doctors


          Promotional Tool                    Promotional Month      Unit required per year

              Visual Aid                            Every month                128

         Calendar of Product                           January                2560

      A3 size posters for patient
                                                      February                1280
              education

           Prescription Pad                            March                  1280

        Sponsorship of Doctors
                                                    once in a year              1
         Association function

              Book Mark                                 May                   1280

    Sponsorship of Medical colleges
                                                        June                    1
      degree allocation function
       Model or Chart of Female
                                                         July                  640
         Reproductive system

     Book of Gynecology Practices                      August                  70

              Wall Clock                             September                1280

    Packet of Celebration Chocolate                   October                 12800




                            Promotional Tool                         Unit required per year

                  One Page Product card to Doctors                           3840

                           Special Visiting Cards                           399360

                      Thanking Card to Doctors                               15360

                       Free Samples to Doctors                               15360




Stevens Business School, Batch: 2009 - 2011                                               Page 44
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

6.5) Promotional Plan To Business Executive


                                                                       Total                Total
 Promotional                   Sample                  Promotional    Number      Total      Unit
                                              Gift
    Tool                        Unit                      Month      of B.E per   State   Required
                                                                       State               in year


                               Diamond    Watch of
                                                          June           1         7         7
                                  B.E     Rs 2000
                Gifts to Top
                 3 Business
                               Platinum   Watch of
                Executive in                              June           1         7         7
                                  B.E     Rs 1500
                 each State
                                          Watch of
                               Gold B.E                   June           1         7         7
                                          Rs 1000

                                           3 Days
   Incentive                               and 4
                               Diamond
 Planning for                             Nights at     December         1         7         7
                                  B.E
   Business                                 5star
  Executives                               Hotel

                Gifts to Top               2 Days
                 3 Business                and 3
                               Platinum
                Executive in              Nights at     December         1         7         7
                                  B.E
                 each State                 5star
                                           Hotel

                                          1 Day and
                                          2 night at
                               Gold B.E                 December         1         7         7
                                            5star
                                            Hotel

                        2% Incentive on achievement of Target every month




Stevens Business School, Batch: 2009 - 2011                                                 Page 45
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

6.6) Call plan for Business Executive per month


                             Call Plan for One Business Executive per month

                                     No. of Doctors to visit per                    Total call per
          Sample Unit                                              Call per Month
                                              month                                    Month

       A category doctors                        30                       4              120

       B+ Category doctors                       50                       2              100

       B Category Doctors                        20                       2              40

   Total Call per month per B.E                                     260




Stevens Business School, Batch: 2009 - 2011                                              Page 46
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

   7) Budget for 2011


                                                               Cost Plan for 2011

                                                         Cost of                                 Total
                                Unit Required per                        Total Promotional                    Total General Total Corporate
     Promotional Tools                              Promotional tool                         Administration
                                       Year                                  Cost in Rs                            Cost      Branding Cost
                                                      per unit in Rs                             Cost
  One Page Product card to
                                      3840                 2                    7680
            Doctors
    Special Visiting Cards           399360               0.2                                    79872
  Thanking Card to Doctors           15360                0.2                   3072
   Free Samples to Doctors           15360               12.31                189081.6
          Visual Aid                  128                 300                                    38400
     Calender of Product              2560                120                                                                   307200
 A3 size postors for patient
                                      1280                 10                  12800
          education
       Prescription Pad               1280                 10                  12800
   Sponcership of Doctors
                                        1                25000                                                                   25000
     Association function
          Book Mark                   1280                 1                    1280
   Sponcership of Medical
 colleges degree allocation             1                20000                                                                   20000
           function
  Model or Chart of Female
                                       640                100                  64000
     Reproductive system
Book of Gynecology Practises           7                 1500                  10500
          Wall Clock                  1280                30                   38400
    Packet of Celebration
                                     12800                 50                                                                   640000
          Chochlate
    Watch of Rs 2000 to B.E             7                2000                                                    14000
    Watch of Rs 1500 to B.E             7                1500                                                    10500
    Watch of Rs 1000 to B.E             7                1000                                                     7000
 3 Days and 4 Nights at 5star
                                        7                4000                                                    28000
         Hotel for B.E
 2 Days and 3 Nights at 5star
                                        7                3000                                                    21000
         Hotal for B.E
  1 Day and 2 night at 5star
                                        7                2500                                                    17500
         Hotel for B.E
         2% Incentive on achievement of Target every month                                                       25600

                          Cost for 2011 in Rs                                 339613.6          118272           123600         992200

                         Total Cost in Rs 2011                                                    1573685.6



Stevens Business School, Batch: 2009 - 2011                                                                                Page 47
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

   8) Control during Application of marketing plan


8.1) Check point for controlling
      Match actual sales figure

           o   Every month

           o   Every quarter

           o   Every year

      Match the unit sales per state per month

           o   Every month

           o   Every quarter

           o   Every year

      Business Executive target

      Promotional activities at every month, quarter and yearly




Stevens Business School, Batch: 2009 - 2011                        Page 48
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

8.2) Example of Control sheet for Sales per Quarter


                                                                                                                    Control sheet for sales during 2011


                                                   Quarter 1                                                      Quarter 2                                                          Quarter 3                                                       Quarter 4

               Number          January             February                March                   April              May                  June                   July                 August             September              October             November              December
 Name of State of B.E. Expected               Expected             Expected               Expected            Expected             Expected               Expected               Expected             Expected             Expected              Expected             Expected
                                      Actual             Actual                 Actual                                   Actual                Actual                  Actual               Actual               Actual                Actual               Actual               Actual
               per State Total                  Total                Total                  Total Actual sales Total                 Total                  Total                  Total                Total                Total                 Total                Total
                                     sales of           sales of               sales of                                 sales of              sales of                sales of             sales of             sales of              sales of             sales of             sales of
                        Number of             Number               Number                 Number of unit per Number                Number                 Number                 Number               Number               Number                Number               Number
                                     unit per           unit per              unit per                                  unit per              unit per               unit per              unit per             unit per              unit per             unit per             unit per
                         Unit per              of Unit              of Unit                of Unit state of Unit                    of Unit                of Unit                of Unit              of Unit              of Unit               of Unit              of Unit
                                       state             state                  state                                     state                 state                  state                state                state                 state                state                state
                          State               per State            per State              per State           per State            per State              per State              per State            per State            per State             per State            per State
    Gujarat       19       285                   285                  342                    380                 380                  418                    418                    456                  456                  475                   475                  475
      M.P         16       240                   240                  288                    320                 320                  352                    352                    384                  384                  400                   400                  400
      U.P         20       300                   300                  360                    400                 400                  440                    440                    480                  480                  500                   500                  500
     Delhi        18       270                   270                  324                    360                 360                  396                    396                    432                  432                  450                   450                  450
    Asham         14       210                   210                  252                    280                 280                  308                    308                    336                  336                  350                   350                  350
    Orissa        26       390                   390                  468                    520                 520                  572                    572                    624                  624                  650                   650                  650
   Rajasthan 15            225                   225                  270                    300                 300                  330                    330                    360                  360                  375                   375                  375
 Total unit sales in month    1920              1920                 2304                    2560                2560                2816                   2816                   3072                 3072                 3200                  3200                 3200

Total unit sales in Quarter           6144                                                            7936                                                             8960                                                            9600

 Total unit sales in 2011                                                            32640


Stevens Business School, Batch: 2009-2011                                                                                                                                                                                                                   Page 49
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd


   9) Bibliography


      Research Methods for Business Students (3rd Edition) by Mark Saunders, Philip Lewis

       and Adrian Thornhill (2007), Dorling Kindersley (India) Pvt Ltd, New Delhi

      Marketing: An Introduction (7th Edition) by Armstrong and Philip Kotler (2005), Dorling

       Kindersley (India) Pvt Ltd, New Delhi.

      http://www.alibaba.com/product-

       tp/109909725/Women_health_tonic_Femohills_kit.html

      http://www.alibaba.com/countrysearch/IN/uterine-tonic.html

      http://www.ambikamedico.com/ayurveda_categories/menstrual_condition_3.htm

      http://vaniindia.org.whbus12.onlyfordemo.com/herbal/plantdir.asp




Stevens Business School, Batch: 2009 - 2011                                           Page 50
Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd

10.1) Annexure 1


     Proposal for Marketing Plan of UT-
                                          Tone
          As Partial Fulfillment of PGP – Pharma Program at Stevens Business School

                                              For

                                Lincoln Pharmaceutical Ltd

                                         Prepared By

                                         Dipa Shah
                                        Mitesh Shah




                                     Under guidance of

            Mr. C T Kapadia (Marketing Manager, Lincoln Pharmaceutical Ltd)

                   Dr. Raashid Saiyed (Director, Stevens Business School)




Stevens Business School, Batch: 2009 - 2011                                           Page 51
Report On Marketing Plan Of Ut Tone
Report On Marketing Plan Of Ut Tone
Report On Marketing Plan Of Ut Tone
Report On Marketing Plan Of Ut Tone
Report On Marketing Plan Of Ut Tone
Report On Marketing Plan Of Ut Tone
Report On Marketing Plan Of Ut Tone
Report On Marketing Plan Of Ut Tone
Report On Marketing Plan Of Ut Tone
Report On Marketing Plan Of Ut Tone
Report On Marketing Plan Of Ut Tone
Report On Marketing Plan Of Ut Tone
Report On Marketing Plan Of Ut Tone

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Report On Marketing Plan Of Ut Tone

  • 1. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd Marketing Plan of UT-Tone As Partial Fulfillment of PGP – Pharma Program at Stevens Business School For Lincoln Pharmaceutical Ltd Prepared By Dipa Shah Mitesh Shah Under guidance of Mr. C T Kapadia (Marketing Manager, Lincoln Pharmaceutical Ltd) Dr. Raashid Saiyed (Director, Stevens Business School) Stevens Business School, Batch: 2009 - 2011 Page 1
  • 2. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd PROJECT CERTIFICATE Date: 18/12/2010 Dr. Raashid Saiyed Professor & Director Stevens Business School Near Khatrej, Gandhinagar 382721 Dear Sir / Madam: Sub: Project Certificate This is to certify that Ms. Dipa Shah and Mr. Mitesh Shah of your institute have satisfactorily completed live Project in our Company from 25th October to 15th December 2010. During the period of the Project, they were given on-the-job training covering various areas/given tasks and responsibility comprising market survey and making marketing plan on UT-Tone. They have completed and submitted the Report on Marketing Plan on UT-Tone on 15th December 2010. They have presented the Report in proper form before company official concerned on 13th December 2010. ______________________ (Signature) Mr. C T Kapadia Marketing Manager, Lincoln Pharmaceutical Ltd Stevens Business School, Batch: 2009 - 2011 Page 2
  • 3. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd DECLARATION We, Dipa Shah and Mitesh Shah, student of Post Graduate Program - Pharma of Stevens Business School, Gandhinagar here by declare that the project work entitled “Marketing Plan of UT- Tone” submitted to the Lincoln Pharmaceutical Ltd, India, Ahmedabad, is a record of an original work done by us and this project work is submitted in the Partial Fulfillment of PGP – Pharma Program at Stevens Business School This project is a result of culmination of our sincere efforts. This report has not been submitted to any other University or Institute for the award of any degree or diploma. We declare that this submitted work is done solely by us and to the best of our knowledge. We have tried at our level best to collect precise detail to provide useful information to the company. We also declare that all the information collected from various sources has been duly acknowledged in this project report. Dipa Shah Mitesh Shah PGP (Pharma) Stevens Business School Stevens Business School, Batch: 2009 - 2011 Page 3
  • 4. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd ACKNOWLEDGEMENTS Here, we take this opportunity to humbly express our gratitude to all those concerned with our project entitled “Marketing Plan of UT-Tone”. We would like to share the success of our project amongst the person who has directly and indirectly helped us to complete this project. We are extremely thankful to Mr. C T Kapadia for providing us and opportunity to work with Lincoln Pharmaceutical Ltd, Ahmedabad. My sincere thanks to Ms. Alefiya Contractor (PMT. Teresa, Lincoln Pharmaceutical Ltd, Ahmedabad) for her perseverance, co-operation and constant help and guidance throughout the project, which helps us to increase our knowledge and professional skills in innovative manner. We are also thankful to entire Lincoln Pharmaceutical team for giving us the co- operative and friendly support for the project. In providing concrete shape of our project, there are numerous people who have taken part. We take this opportunity to express our deep sense of gratitude and hearty thanks to our Professor Dr. Raashid Saiyed, Stevens Business School for providing us his valuable suggestions and remarks to complete this project. His extensive knowledge of subject and the way, he imparted the same to us has enabled us to develop the project cohesive manner. We would like to express our heartiest thanks to our family, parents and sister to extend their help as and when required. We would like to thank our friends for their support during our project. Dipa Shah Mitesh Shah Stevens Business School, Batch: 2009 - 2011 Page 4
  • 5. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd EXECUTIVE SUMMARY Ayurvedic medicine has now become an integral part of human health and safety. Ayurvedic people consume Ayurvedic products as a part of treatment to cure disease and also as a part of preventive healthcare there is a shifting of allopath to ayurveda is an emerging trend in India and also in western countries. . In this report we have taken UT tone which is Ayurvedic tonic. This is 100 percent pure Ayurvedic preparation made from extracts, fruit, trunk, leaves, flower etc. This tonic is mainly used to cure feminine problems in female as well as in the treatment of amenorrhea, infertility, anemia etc. Since this is purely ayurveda project it does not show any visible side effects as well as no internal toxicity or adverse effect to any organs. Though it is long term treatment but it cures feminine problems in female. The present market survey aims to understand what the potential market for this Ayurvedic preparation is. In this report we have captured perception analysis of gynecologist for UT tone tonic. In this report we have also presented brand plan and promotional tools for launching UT tone under the title of Lincoln Pharma. To prepare brand plan and cost analysis we have used CMS/ORG data for understanding present UT tone market and potential market. We have also included budget calculation. We have also suggested brand name and USP to cater larger market share in current total market. In our survey we met gynecologists to know and understand their perception about this Ayurvedic preparation. We have also included comparison of ingredients of UT tone and competitor’s product and their ingredients. Stevens Business School, Batch: 2009 - 2011 Page 5
  • 6. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd INDEX Sr. No. Particular Page No. Acknowledgements 04 Executive Summary 05 Index 06 1 Brief about UT-Tone 09 1.1 Ingredients and Actions 09 1.2 Unique selling proposition (USP) of UT-Tone 12 1.3 Merit of UT-Tone 12 1.4 Demerit of UT-Tone 12 1.5 Suggested names for Re-Launch of UT-Tone 13 2 Current Marketing Situation 14 Growth of Indian Pharmaceutical Market and Lincoln Pharmaceutical 2.1 14 market 2.2 Introduction to Gynaec Market 14 2.3 Top Ten Pharmaceutical Market 15 2.4 Gynaec Market Sales in Rs Cr 16 2.5 Sales by sub-segments 16 2.6 UT-Tone Market Situation 19 2.7 Sales of UT-Tone in Rs in Lakh 20 2.8 Competitive Analysis 20 2.9 Price Comparison 21 3 Threat and Opportunities 21 4 Market Survey Detail 22 4.1 Title 22 4.2 Objectives 23 4.3 Research Method 23 4.4 Sample Design 24 Stevens Business School, Batch: 2009 - 2011 Page 6
  • 7. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 4.5 Data Analysis 25 Uterine tonic preferred by doctors most for routine feminine 4.5.1 25 problems 4.5.2 The major indications in which uterine tonic prescribed 26 The major herbals, considered as the most effective curing 4.5.3 27 uterine problems or infertility The patient benefits that considered the most especially in 4.5.4 28 Uterine tonic or feminine tonic Doctors expectations from companies who market uterine 4.5.5 29 tonic product Source from where doctors come to know about uterine tonic 4.5.6 30 product 4.5.7 The promotional activities used for uterine tonic products 31 5 Marketing Strategy for UT-Tone 32 5.1 Objectives for Marketing Plan 32 5.2 Segment Profile 32 5.3 Positioning 32 5.4 Marketing Expenditure 33 6 Action Programs 34 6.1 Target states for launch plan 34 6.2 Segment Size 39 6.3 Sales Forecasting 40 6.4 Promotional Plan to doctors 44 6.5 Promotional Plan to Business Executives 45 6.6 Call plan for Business Executive per Month 46 7 Budget For 2011 47 8 Control during Application of Marketing Plan 48 8.1 Check point for controlling 48 8.2 Example of control sheet for sales per quarter 49 9 Bibliography 50 10 Annexure 51 10.1 Proposal for Marketing Plan of UT-Tone 51 10.2 Questionnaire for Doctors 57 Stevens Business School, Batch: 2009 - 2011 Page 7
  • 8. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 10.3 Questionnaire for Chemists 60 10.4 List of Gynecologists 61 10.5 Visual ad 63 11 Reflective Note 64 Stevens Business School, Batch: 2009 - 2011 Page 8
  • 9. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 1) BRIEF ABOUT UT-TONE  It is marketed by Lincoln Pharmaceutical Ltd under Teresa Division  Total Sale of UT-Tone for 2010: Rs 9,06,114  Use: Uterine Tonic for female fertility and feminine problems  Packing Size o 200ml syrup  Price o 200ml syrup at Rs 65 1.1) Ingredients and Actions Ashoka(saraca indica)  Excellent herb for all gynecological problems – leucorrhea , menstrual disorders, dysmenorrhea etc  Stimulates endometrium and ovarian tissues – enhances ovulation.  Controls excessive bleeding. Amruta (Tinospora Cordifolia)  Excellent treatment for anemia  Regulates the Immuno -modulatory activities ( Improves the immunity and the resistance of the body)  Imparts longevity, youthfulness and vitality to women. Shatavari (Aparagus racemosus)  Cooling agent  Balances the female hormonal system.  Regulates ovulation  Cures tiredness and morning sickness Stevens Business School, Batch: 2009 - 2011 Page 9
  • 10. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd  Useful in curing infertility, leucorrhea , menstrual problems  Increases lactation in feeding mothers Ashwagandha (Withania somnifera)  Useful in bloody discharge and in leucorrhea.  Very helpful for lactating mothers.  Used to cure uterine infections.  Often good in vaginal pains other than due to infections. Ghritkumari(Aloe Vera)  Overall health of the body Baheda (Woodfordia floribunda)  Purifies blood  Cures the problems of “vaat , pitt and cough “ Jaiphal (Miristica Fragrans)  Useful in alleviating menstrual cramps  Regularizes menstrual cycle Lavang (Myrtus Caryophyllus)  Detoxifies the gastrointestinal tract.  Improves digestion.  Restores libido.  Reduces morning sickness in pregnancy Jatamansi ( Nardostachys Jatamansi)  Powerful blood purifier  Stimulates the nervous system Stevens Business School, Batch: 2009 - 2011 Page 10
  • 11. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd  Alleviates the pre -menstrual syndrome (PMS) Chavak (Piper Officinarum)  Useful in chronic digestion  Helpful as a tonic in amenorrhoea and dysmenorrhoea. Chitrak (Plumbago Zeylanica)  Decreases the pain caused due to menstrual cramps Kakadsinge(Pistacia Integgerima)  Purifies blood  Removes “pitt” Kabab chini /Kankola(Piper cubeba )  Stimulates ovulation.  Supports liver and spleen.  Restores libido. Pushkarmool (Inula racemosa)  Removes vaginal pains and infections  Improves lactation in mothers Loh bhasma (Iron Calx)  Extremely helpful in reducing the menopausal syndrome  Useful in anemic conditions  It has a has a general vitalizing effect Tamra Bhasma (Copper Calx)  Useful in curing anemia as well as urinary infections  Maintains healthy digestive systems Stevens Business School, Batch: 2009 - 2011 Page 11
  • 12. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd  Strengthens the immunity of the body 1.2) Unique selling proposition (USP) of UT-Tone  It is the right combination of 100% natural herbs and medicinal plant and their leaves, fruits, trunk etc. which are organic in nature.  Herbal extracts are collected, treated, combined by boiling it natural way as it is described in Ayurveda granths thus it is pure and does not have any side effects.  It does not carry any preservatives or artificial flavors which can be harmful in long term treatment.  It is supplementary product to enhance uterine function and supports in treating infertility in women.  It takes care of strengths, vigour, vitality, and ovulation.  It keeps genital organs healthy and also overall wellbeing of women.  It carries large amount of antioxidants, blood purifier which increases immunity and prevents immunity of genital organs.  It takes care of mood swings, cures tiredness and morning sickness. 1.3) Merit of UT-Tonic  Herbal product with no side effects,  Can be continued with allopathic or other treatments.  It gives permanent solution to the patients.  Along with uterine treatment it takes care of overall wellbeing of women. 1.4) Demerit of UT-Tone  Though it cures problem from the root but it is comparatively long duration treatment.  Awareness of such ayurveda products is less. Stevens Business School, Batch: 2009 - 2011 Page 12
  • 13. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 1.5) Suggested names for Re-launch of UT-tone  Sure Cure - Surety of purity  She Tone – For she it is pure  Pube Tone - Female’s Wellbeing  P2P – Puberty 2 Post menopause  Pregnasure – Surety of Fertility Stevens Business School, Batch: 2009 - 2011 Page 13
  • 14. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 2) Current Marketing Situation  Indian pharmaceutical market in 2010 o Rs 41,700.7 Cr  Lincoln Pharmaceutical Ltd Market in 2010 o Rs 126.3 Cr (Export is around Rs 100 Cr and Indian Market is around Rs 26.3 Cr) 2.1) Growth of Indian Pharmaceutical Market and Lincoln Pharmaceutical market Year Growth in % For IPM For Lincoln pharmaceutical Ltd 2007 2008 14.98 25 2009 10.23 -25 2010 17.68 0.38  Here reason for negative growth for Lincoln Pharmaceutical is that after 2008, Lincoln pharmaceutical has concentrated more on export rather than Indian pharmaceutical market 2.2) Introduction to Gynaec Market  Pharmaceutical is growing rapidly so as we are concern about Gynaec division how it is actually segmented in main two parts is shown in this figure. So mainly total market is divided in four major segments. o Hormones o VMS (Vitamins, Minerals, Supplements) o Anti-infective o Others Stevens Business School, Batch: 2009 - 2011 Page 14
  • 15. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd Gynaec Market Regular Gynaec Infertility Market Treatment VMS (Vitamins, Hormones minerals, Anti-infectives Other Hormones supplements)  So basically two main questions arise o What is estimated market for gynecological products? o What is the growth rate of that market?  So answer for these two important questions are given in below figure. 2.3) Top Ten Pharma Market Market Value (Rs.Cr) CAGR % (2006 – 09) Anti-infectives 6287 13 Cardiac 3947 16 Gastro Intestinal 3832 12 Respiratory 3107 11 Pain/ Analgesic 3082 13 Gynaec 2766 14 VMS 1933 08 Derma 1927 13 Neuro / CNS 1862 13 Anti Diabetic 796 20 Stevens Business School, Batch: 2009 - 2011 Page 15
  • 16. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd  It shows that Gynaec market is 6th largest in pharmaceutical market and its value is around 2800 Cr approximately. 2.4) Gynaec Market Sales in Rs. Cr 6000 5326 5000 4000 14% 2766 3000 2475 Gynaec Market sales in Rs. Cr 2096 1845 2000 1000 0 2006 2007 2008 2009 2014  Most importantly this market is grown at 14% CAGR (Compound annual growth rate) and form above graph we can say that it should be 5326 Cr in 2014 approximately. 2.5) Sales by sub-segments (Rs Cr) Market CAGR % (2006 – 09) Others 15 Anti-infective 08 Hormones 18 VMS 12 Stevens Business School, Batch: 2009 - 2011 Page 16
  • 17. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd Sales by sub-segments in Rs Cr 3000 528 2500 480 75 402 71 2000 345 63 862 59 765 1500 615 523 1000 1159 1300 917 1015 500 0 2006 2007 2008 2009 VMS Hormones Anti-infectives Others Hormones  Emerged as attractive segments, driven by growing market for contraceptives, medical abortion, and infertility treatment.  Hormones is the fastest growing segment in the Gynaec market and second largest in terms of sales: o Recorded a CAGR (2006 -09) of 18% as opposed to 14% for Total Gynaec market o With sales of Rs 862 Cr, hormones make up 31% of the total market  Progestogen is the largest category with sales of Rs 279 Cr, however has grown at less than market growth at a CAGR (2006 -09) of 10% o Highly competitive market with 76 players and 132 brands  Growth has been driven by Anti-Progestogen, 49% CAGR (2006-09) and oral contraceptives, 18% CAGR (2006-09) o Anti-Progestogen: Growth has been driven by the increase in medical abortion o Contraceptives: Increasing awareness, lifestyle changes, increasing number of working women, etc have all led to the growth of oral contraceptives – CAGR (2006 – 09) 18% Stevens Business School, Batch: 2009 - 2011 Page 17
  • 18. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd o New generation oral contraceptives: Drospirenone and norgestrel combinations (with ethinylestradiol) driving growth o Emergency contraceptives: Driven by media promotions (I Pill and Unwanted 72), this segment has grown exponentially from Rs 1 Cr in 2006 to Rs 31 Cr in 2009 VMS (Vitamin, minerals and Supplements)  Although the largest segment by sales, it is of limited attractiveness due to intense competition.  At Rs 1300 Cr, VMS market is the largest market interms of sales, and has grown at a 12% CAGR (2006-09), lower than total Gynaec CAGR o 40% VMS Rx come from gynecologists – making the market of Rs 520 Cr o VMS market is dominated by older players resulting in sluggish growth  Haemetinics and Calcium supplements together account for 80% of the market.  Haemetinics contributes to 60% of the VMS market, with sales of Rs 786 Cr (Gynecologists specific – Rs 314 Cr) and has grown at 14% CAGR (2006-09)  Calcium market has grown at a CAGR (2006-09) of 11% and has sales of Rs 262 Cr (Gynecologists specific – Rs 105 cr) o Calcium market has 300 brands, and is also very competitive. Anti-infectives  Small and low growth market with limited NI activity  Anti-infectives accounts for only 3% of the total Gynaec market o 2009 sales of anti-infectives – Rs 75 Cr, Growing at a 8% CAGR (2006-09)  Clotrimazole plain & combination has been the traditionally used anti-infective and is the largest sub segment. o Accounted for 47% of anti-infective market, with 2009 sales of Rs 35Cr and a 13% CAGR (2006-09) o However, given the existing competition in the market, more than 70 brands, Nis have been able to achieve little success, Avg. value of Nis Rs 0.5Cr Stevens Business School, Batch: 2009 - 2011 Page 18
  • 19. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd  Relatively newer segment of urinary antiseptics segment has grown at a CAGR of 32% and driven growth o Nitrofurantoin has been the growth driver for Ranbaxy and Walter Bushnell. Other Sub segments  Key segment in this market are Antifibrinolytics, Urinary Alkalisers and Misoprostol.  Others account for 19% of the total Gynaec market. Antifibrinolytics, Urinary alkaalisers and Misoprostol are the key segments In this group.  Tranexamic plain and comb is the biggest market (Rs 71 Cr), CAGR (2006-09) of 18%. o Most companies offer Drs both plain and compbination options. However this is a highly dominated market since top 5 brands account for less than 65% of the market.  Urinary Alkalisers is a Rs 53 Cr market, CAGR (2006-09) of 14% o Magnesium citrate comb has been well in this market (12 launches since 2006, Avg value Rs 0.7 Cr). Misoprostol (Cytostatics) – used in medical abortion is the next big market (Rs 49 Cr), CAGR of 25%. 2.6) UT-Tone Market Situation Markets share of UT- Uterine Tonic Market UT-Tone Market in Rs Year Tone in Uterine Tonic in Rs Cr Lakh Market 2007 71.2 3.65 0.051 2008 71.4 5.87 0.082 2009 85.3 6.017 0.070 2010 96.4 9.06 0.160 Stevens Business School, Batch: 2009 - 2011 Page 19
  • 20. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 2.7) Sales of UT-Tone in Rs in Lakh 10 9.06114 9 8 7 5.87872 6.01717 6 5 Sales of UT-Tone in Rs in 3.67521 4 Lakh 3 2 1 0 MAT MAT MAT MAT MAR'07 MAR'08 MAR'09 MAR'10  From the above graph, we can say that the sales of UT-Tone is increased every year and at the end of year 2010 the total sale of UT-Tone is around Rs 9,06,114 2.8) Competitive Analysis Sum of MAT MAR'10 in Rs in Cr 35 31.6718917 30 25 20 15 11.4954817 Sum of MAT MAR'10 in Rs in 10 7.0184283 5.4546779 Cr 5 1.8371988 3.0794144 0.0906114 0 Stevens Business School, Batch: 2009 - 2011 Page 20
  • 21. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd From the graph, we can say that the market leader for uterine tonic is M2-tone with market of Rs 31.67 Cr. While the Evecare, Cycloset and Ashokarisht have market of Rs 11.49Cr, Rs 7.018Cr and Rs 5,45 Cr respectively. 2.9) Price Comparison Pricing of Product Price to Price to Competitive Brands Packing Size MRP Retailer in Stockiest in Rs Rs Cycloset (Alembic) 300 ml Rs 162.75 Rs 135.56 Rs 123.19 Evecare (Himalaya) 200ml Rs 75 Rs 62.47 Rs 56.77 M2- Tone (Charak Pharma) 200ml Rs 72 Rs 59.98 Rs 54.50 Amycordial (Aimil Pharma) 200ml Rs 70 Rs 58.32 Rs 52.99 Gynedol (DWD Pharma) 200 ml Rs 67.75 Rs 56.45 Rs 51.30 Ashokarisht 300ml Rs 75 Rs 62.50 Rs 56.80 UT-Tone 200 ml Rs 65.90 Rs 54.92 Rs 49.92 3) Threat & Opportunities  Threats o Development in allopathic medicine  Opportunities o Increase in Feminine problems o Increase in population o Increase in the knowledge of Ayurvedic products in the Doctors Stevens Business School, Batch: 2009 - 2011 Page 21
  • 22. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 4) Market Survey Detail 4.1) Title  Proposal for formulating marketing Plan for UT-Tone. 4.2) Objectives 1. Current marketing situation: 1.1. To prepare market description that defines the market and major segments, reviews customer needs and factors in the marketing environment that may affect customer purchase. 1.2. To find out sales, price and gross margin of the UT-Tone. 1.3. To find out strategies for product quality, pricing, distribution and promotion for competitors product for uterine tonic. 1.4. To evaluate the recent sales trends for uterine tonic by review of distribution. 2. Threats and opportunities analysis: 2.1. To find out threats and opportunities that UT-tone might face. 3. Objectives and issues: 3.1. To find out the main herbal ingredients present in the competitor’s brands and compare it with UT Tone. 3.2. To compare each of the ingredients with other competitors brands with UT-Tone and make a special note on that. 3.3. To prepare a literature stating the advantages of UT tone in compared with other brands available in the market. 3.4. To find out the major indications in which these brands are prescribed major. 3.5. To find out the total duration for which it is prescribed according to the indication. 3.6. To find out the major herbals, doctors consider as the most effective curing uterine problems or infertility. Stevens Business School, Batch: 2009 - 2011 Page 22
  • 23. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 3.7. To find out the major brands available in the market for uterine tonic. 4. Marketing strategy 4.1. To make marketing strategy for UT-Tone by which Lincoln Pharmaceutical Ltd. hopes to achieve its marketing objectives and the specifics of target markets, positioning and marketing expenditure levels. 5. Action programs 5.1. To prepare action programs which make program for what will be done and by whom at which time and how much will it cost. 6. Budget 6.1. To prepare supporting marketing budget that is essentially a projected profit and loss statement which shows expected revenues and expected costs. 7. Control 7.1. To outlines the control that will be used to monitor progress by measuring return on marketing investment. 4.3) Research Method Data required Data Source Data collection tool  To find out the main herbal ingredients present in the competitor’s brands and compare it with UT Tone.  To compare each of the ingredients with other competitors brands with UT Tone and make a special note on that. Internet,  To prepare a literature stating the advantages of MIMS,ORG, UT tone in compared with other brands available in Literature Survey Drug Today, the market. etc  To find out sales, price and gross margin of the UT- Tone.  To prepare market description that defines the market and major segments, reviews customer needs and factors in the marketing environment that may affect customer purchase. Stevens Business School, Batch: 2009 - 2011 Page 23
  • 24. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd  To find out threats and opportunities that UT-tone might face.  To find out strategies for product quality, pricing and distribution for competitors product for uterine tonic.  To find out the major indications in which these brands are prescribed major.  To find out the total duration for which it is Doctors of prescribed according to the indication. Questionnaire Ahmadabad  To find out the major herbals, doctors consider as the most effective curing uterine problems or infertility.  To find out the major brands available in the market for uterine tonic.  To find out sales of uterine tonic products in Chemists of Ahmadabad Medicine market as per chemist survey. Questionnaire Ahmadabad  To find out pricing of available brands of uterine tonic.  To find out promotional schemes given to chemists for uterine tonic products. 4.4) Sampling Design  Target population : Chemists, doctors  Sampling techniques : Convenience Sampling  Total sample size : 60  Chemist : 20  Doctors : 40 Stevens Business School, Batch: 2009 - 2011 Page 24
  • 25. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 4.5) Data Analysis 4.5.1) Uterine tonic preferred by doctors most for routine feminine problems Uterine Tonic Prefered By Doctors 80 70 70 60 Cycloset(Alembic) 60 Evecare (Himalaya) 50 M2-Tone (Charak % Response 42.5 Pharma) 40 Amycordial (Aimil 35 Pharmaceutical) Gynedol (DWD 30 Pharma Ltd) UT-Tone (Lincoln Pharma) 20 17.5 15 Ashokarisht 10 7.5 0 Uterine Tonic Products Interpretation Market Leader for Uterine tonic Product is Evecare which is brand of Himalaya. Other uterine product like M2-Tone from Charak Pharma, Cycloset from Alembic and Gynedol from DWD Pharma Ltd has market share of around 60%, 44% and 35% respectively. Stevens Business School, Batch: 2009 - 2011 Page 25
  • 26. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 4.5.2) The major indications in which uterine tonic prescribed Indication in which Uterine Tonic Precscibed Premature ejaculation 10 Urinary Infection 5 Infertility 15 Menopausal syndrome 37.5 Vaginal pains and infections 12.5 Amenorrhea 35 Exessive Bleeding 65 Dysmenorrheal 32.5 Menstrual Disorders 80 Leucorrhea 47.5 0 10 20 30 40 50 60 70 80 90 Total Frequency in % Interpretation: From the Graph it can be interpreted that the major indication for prescription of uterine tonic products are Menstrual Disorders, Excessive Bleeding, Leucorrhea, Menopausal Syndrome and Amenorrhea. The duration for the Uterine products in these indications are majorly for 3 months with 2 times in a day dosage. Stevens Business School, Batch: 2009 - 2011 Page 26
  • 27. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 4.5.3) The major herbals, considered as the most effective curing uterine problems or infertility Major Herbals considered as most effective curing uterine problems or infertitlity 2.5 2.5 7.5 Amla Guduchi 52.5 Shilajeet 2.5 Loh bhasma 2.5 Chitrak 10 Interpretation: Chavak 32.5 Jaiphal From the graph, it can be Ghritkumari interpreted that the major 90 Shatavari herbals which are considered as 0 most effective curing uterine Daruharidra 35 problems or infertility are Musta Ashoka, Satavari, Lodhra, Loh 7.5 Shivalingi Bhasma, Ghritkumari and Musta. 72.5 Lodhra 92.5 Ashoka 7.5 Mandur bhasma Vanghbhasma 7.5 Garika 7.5 Jatamansi 15 Kankola 0 Kamal 5 0 50 100 Stevens Business School, Batch: 2009 - 2011 Page 27
  • 28. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 4.5.4) The patient benefits that considered the most especially in uterine tonic or feminine tonic Benefits to Patients 17.5 Good for Hair 17.5 Good for skin 17.5 improve health of 17.5 colon Improve metabolism Interpretation: 20 Blood Purifier From the graph, we can 37.5 interpreted that the major Patients Benefits Improve liver Health benefits to patients from 10 uterine tonic or feminine Promote Ovulation products are regular menstrual 17.5 cycle, improve digestion Increase Lacatation system, mental stability, 12.5 During Feeding improve fertility and improve Improve Ovarian health of liver. 12.5 Hormon function No Side Effects 42.5 Improve fertiliy 45 Improve Digesion 47.5 System Regulate Menstrual 45 cycle Mental Stability 0 20 40 60 Frequency in % Stevens Business School, Batch: 2009 - 2011 Page 28
  • 29. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 4.5.5) Doctors expectations from companies who market uterine tonic product Doctors Expectations from Companies who Market Uterine Tonic Products 70 62.5 60 50 42.5 40 35 30 25 20 10 5 5 0 Total Frequency in % Imcrease patient knowledge about ayurvedic products Regular campaign of ayurvedic products for soctors Patient education on how ayurvedic products help and what are the major criterions for using those products Audio - Visual promotion to doctors Free Sample Sufficient free sample for complete treatment of patient Interpretation: From the graph, we can interpreted that the doctors expectations from companies who market uterine tonic products are patient education on how Ayurvedic products help and what are the major criterions for using these products and second one is improve patients knowledge about Ayurvedic products. Stevens Business School, Batch: 2009 - 2011 Page 29
  • 30. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 4.5.6) Source from where Doctors come to know about Uterine Tonic Product Source from where Doctors come to know about Uterine Tonic Product 120 100 100 80 60 40 32.5 20 15 0 Total Frequency in % company Executives Internet Health Magazines Interpretation: From the graph, we can interpret that the major source from where doctors come to know about uterine tonic product is the company executive regular visit to doctors. Stevens Business School, Batch: 2009 - 2011 Page 30
  • 31. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 4.5.7) The promotional activities used for uterine tonic products Promotional Activities used for Uterine Tonic Products 2.5 Board of organ chart 2.5 Website to create talk with experts 7.5 Gifts 15 Big Hoardings at Hospital 12.5 Table tops 20 Sponcer Ship of events 2.5 Internet 75 Free Sample 32.5 Literatures 57.5 Company Executives 0 20 40 60 80 Interpretation: From the graph, we can interpreted that the major promotion tool used by company for uterine tonic product are free samples, regular visit b company executives and literature. During survey we are able to find out the other new kind of promotion tools which are used by companies are sponsorships of events of doctors as well as medical students association, big hoarding or organ chart with company name at clinic. Stevens Business School, Batch: 2009 - 2011 Page 31
  • 32. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 5) Marketing Strategy for UT-Tone 5.1) Objectives for Marketing Plan Brand Value in Rs in Growth in Brand Market share in Year Lakh Value in % Uterine Tonic Market 2010 9.06114 45.17 0.16 2011 16,02,006 75 0.28 2012 29,63,712 85 0.51 2013 59,27,423 100 1.036 5.2) Segment Profile  Geographic o City : UP, Rajasthan, Gujarat, MP, North Belt, Orissa, Assam  Demographic o Occupation : Professional o Education : College Graduate (MBBS, MD - DGO, MD - GYNEC, Ayurvedic Doctors) 5.3) Positioning  It is prepared from 100% natural herbs and Ayurvedic medicinal plants.  UT Tone syrup provides support and functioning of uterus and also aids in enhancing the fertility of the women. This Ayurvedic formulation is a solution to all uterine disorders thereby providing strength, vigour and vitality to all females.  Regular intake of UT Tone keeps the female genital organs healthy, functional and increases immunity against all types of genital infections. Stevens Business School, Batch: 2009 - 2011 Page 32
  • 33. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 5.4) Marketing Expenditure Year % of Total Revenue 2011 21% 2012 15% 2013 15% Stevens Business School, Batch: 2009 - 2011 Page 33
  • 34. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 6) Action Programs 6.1) Target states for launch plan UP UTRANCHAL RSM LUCKNOW 1 ASM-I LUCKNOW 1 BE LUCKNOW 2 BE BAREILY 1 BE KANPUR 2 BE LAKHIMPUR 1 BE MORADABAD 1 RSM 1 BE JHANSI 1 ASM 3 8 BE 20 ASM-II VARANSI 1 TOTAL 24 BE VARANSI 1 BE AZAMGARH 1 BE GORAKHPUR 1 BE ALLAHBAD 1 BE FAIZABAD 1 5 ASM-III GHAZIABADMEERUT 1 BE GHAZIABAD 2 BE MEERUT 1 BE DEHRADUN 1 BE AGRA 1 BE ALIGARH 1 BE HALDWANI 1 7 Stevens Business School, Batch: 2009 - 2011 Page 34
  • 35. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd RAJASTHAN RSM JAIPUR 1 ASM-I JAIPUR 1 RSM 1 BE JAIPUR 3 ASM 3 BE BIKANER 2 BE 15 BE GANGANAGAR 1 BE BAHRATPUR 1 TOTAL 19 7 ASM-II JODHPURUDAIPUR 2 BE JODHPUR 3 BE UDAIPUR 2 BE AJMER 2 BE KOTA 1 8 GUJARAT RSM AHMEDABAD 1 ASM-I AHMEDABAD 1 BE AHMEDABAD 4 BE MEHSANA 1 RSM 1 BE PALANPUR 1 ASM 3 6 MR 19 ASM-I RAJKOT 1 BE RAJKOT 2 Total 23 BE BHAVNAGAR+AMRELI 1 BE JUNAGARDH+UNA 1 BE JAMNAGAR 1 BE BHUJ+KUTCH 1 6 ASM-III SURAT 1 BE SURAT 2 BE BARODA 1 BE DAHOD+ANAND 1 BE GODHARA 1 BE BHARUCH+ANKLESHWER 1 BE VAPI+VALSAD 1 7 Stevens Business School, Batch: 2009 - 2011 Page 35
  • 36. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd MP RSM BHOPAL 1 ASM-I BHOPAL 1 BE BHOPAL 2 RSM 1 BE GWALIOR 1 ASM 3 BE GUNA 1 BE 16 SAGAR 1 5 TOTAL 20 ASM-II JABALPUR 1 BE JABALPUR 2 BE RAIPUR 1 BE BILASPUR 1 BE SATNA 1 BE REWA 1 6 ASM III INDORE 1 BE INDORE 2 BE UJJIAN 1 BE RATLAM 1 BE KHANDAW 1 5 NORTH BELT (PUNJAB,CHANDIGARH,DELHI) RSM DELHI 1 ASM-I, II DELHI 3 BE DELHI 10 10 RSM 1 ASM III ROHTAK 1 ASM 4 BE ROHTAK 2 BE 18 SIRSA / HISSAR 1 GURAGAON / REWARI 1 TOTAL 23 FARIDABAD 3 PANIPAT / SONIPAT / KARNAL 1 8 Stevens Business School, Batch: 2009 - 2011 Page 36
  • 37. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd ORISSA RSM CUTTACK 1 ASM-I CUTTACK 1 BE CUTTACK 3 BE ANGUL 1 BE DHENKANAL 1 RSM 1 BE BERHAMPUR 2 ASM 4 7 BE 26 ASM-II BHUBNESHWAR 1 BE PURI 1 TOTAL 31 BE KEONJHAR 1 BE JAGATSINGHPUR 1 BE KENDRAPADA 1 4 ASM-III BHADRAK 1 BE BARIPODA 1 BE BALASORE 1 BE BHADRAK 1 BE JAJPUR 1 4 ASM-III SAMBALPURE 1 BE SAMBALPURE 2 BE SUNDERGARH 1 BE JARSUGADA 1 BE ROULKELA 1 BE BARGAH 1 6 ASM-IV BOLANGIR 1 BE BOLANGIR 1 BE BHAWANIPATANA 1 BE SONEPUR 1 BE JEYPORE 1 BE KHURDA 1 5 Stevens Business School, Batch: 2009 - 2011 Page 37
  • 38. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd ASSAM RSM IMPHAL 1 ASM-II IMPHAL 1 RSM 1 BE IMPHAL 1 ASM 3 BE AIZWAL 1 MR 14 BE KARIMGANJ+SILCHAR 1 BE AGARTALA 1 TOTAL 18 BE SHILONG 1 5 ASM-I JYOTI GAUWAHATI 1 BE GAUWAHATI 1 BE BARIPETA 1 BE N.LAKHIMPUR 1 BE DHUBRI 1 BE KOKRAJHAR 1 5 ASM-II SABBIR 1 BE JORHAT 1 BE DIBRUGARH 1 BE DIMAPUR 1 BE TINSUKIA 1 4 Target States for Launch Plan Number of Business Total Business Executive Name of States Executives per State in Target States UP 20 128 RAJASTHAN 15 GUJARAT 19 MP 16 Total Target States NORTH BELT 18 7 ORISSA 26 ASSAM 14 Stevens Business School, Batch: 2009 - 2011 Page 38
  • 39. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 6.2) Segment Size Segment Size Number of Doctors Number of Total Number of Doctors Total Sample State per Business Business Executive per State Size Executive per state Gujarat 100 19 1900 M.P 100 16 1600 U.P 100 20 2000 Delhi 100 18 1800 12800 Asham 100 14 1400 Orissa 100 26 2600 Rajasthan 100 15 1500 Category of Doctors on the Basis of Prescription generation % of Doctors in category scale A category doctors 30% B+ Category doctors 50% B Category Doctors 20% Stevens Business School, Batch: 2009 - 2011 Page 39
  • 40. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 6.3) Sales forecasting Expected Sales from Product in 2011 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Number January February March April May June July August September October November December Name of State of B.E. Total Total Total Total Total Total Total Total Total Total Total per State No. of No. of No. of No. of No. of No. of No. of No. of No. of No. of No. of No. of Number Number Total Number of Number of Number Number Number Number Number Number Number Number Unit per Unit per Unit per Unit per Unit per Unit per Unit per Unit per Unit per Unit per Unit per Unit per of Unit of Unit Unit per State Unit per of Unit of Unit of Unit of Unit of Unit of Unit of Unit of Unit B.E B.E B.E B.E B.E B.E B.E B.E B.E B.E B.E B.E per State per State State per State per State per State per State per State per State per State per State Gujarat 19 15 285 15 285 18 342 20 380 20 380 22 418 22 418 24 456 24 456 25 475 25 475 25 475 M.P 16 15 240 15 240 18 288 20 320 20 320 22 352 22 352 24 384 24 384 25 400 25 400 25 400 U.P 20 15 300 15 300 18 360 20 400 20 400 22 440 22 440 24 480 24 480 25 500 25 500 25 500 Delhi 18 15 270 15 270 18 324 20 360 20 360 22 396 22 396 24 432 24 432 25 450 25 450 25 450 Asham 14 15 210 15 210 18 252 20 280 20 280 22 308 22 308 24 336 24 336 25 350 25 350 25 350 Orissa 26 15 390 15 390 18 468 20 520 20 520 22 572 22 572 24 624 24 624 25 650 25 650 25 650 Rajasthan 15 15 225 15 225 18 270 20 300 20 300 22 330 22 330 24 360 24 360 25 375 25 375 25 375 Total unit sales in month 1920 1920 2304 2560 2560 2816 2816 3072 3072 3200 3200 3200 Total unit sales in Quarter 6144 7936 8960 9600 Total unit sales in 2011 32640 Stevens Business School, Batch: 2009 - 2011 Page 40
  • 41. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd Expected Sales from Product in 2012 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Number January February March April May June July August September October November December Name of State of B.E. Total Total Total Total Total Total Total Total Total Total Total per State No. of No. of No. of No. of No. of No. of No. of No. of No. of No. of No. of No. of Number Number Number Number Total Number of Number Number Number Number Number Number Number Unit per Unit per Unit per Unit per Unit per Unit per Unit per Unit per Unit per Unit per Unit per Unit per of Unit of Unit of Unit of Unit Unit per State of Unit of Unit of Unit of Unit of Unit of Unit of Unit B.E B.E B.E B.E B.E B.E B.E B.E B.E B.E B.E B.E per State per State per State per State per State per State per State per State per State per State per State Gujarat 19 28 532 32 608 35 665 35 665 38 722 38 722 40 760 40 760 42 798 45 855 48 912 50 950 M.P 16 28 448 32 512 35 560 35 560 38 608 38 608 40 640 40 640 42 672 45 720 48 768 50 800 U.P 20 28 560 32 640 35 700 35 700 38 760 38 760 40 800 40 800 42 840 45 900 48 960 50 1000 Delhi 18 28 504 32 576 35 630 35 630 38 684 38 684 40 720 40 720 42 756 45 810 48 864 50 900 Asham 14 28 392 32 448 35 490 35 490 38 532 38 532 40 560 40 560 42 588 45 630 48 672 50 700 Orissa 26 28 728 32 832 35 910 35 910 38 988 38 988 40 1040 40 1040 42 1092 45 1170 48 1248 50 1300 Rajasthan 15 28 420 32 480 35 525 35 525 38 570 38 570 40 600 40 600 42 630 45 675 48 720 50 750 Total unit sales in month 3584 4096 4480 4480 4864 4864 5120 5120 5376 5760 6144 6400 Total unit sales in Quarter 12160 14208 15616 18304 Total unit sales in 2012 60288 Stevens Business School, Batch: 2009 - 2011 Page 41
  • 42. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd Expected Sales from Product in 2013 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Number January February March April May June July August September October November December Name of State of B.E. Total Total Total Total Total Total Total Total Total Total Total per State No. of No. of No. of No. of No. of No. of No. of No. of No. of No. of No. of No. of Number Number Number Number Total Number of Number Number Number Number Number Number Number Unit per Unit per Unit per Unit per Unit per Unit per Unit per Unit per Unit per Unit per Unit per Unit per of Unit of Unit of Unit of Unit Unit per State of Unit of Unit of Unit of Unit of Unit of Unit of Unit B.E B.E B.E B.E B.E B.E B.E B.E B.E B.E B.E B.E per State per State per State per State per State per State per State per State per State per State per State Gujarat 19 55 1045 58 1102 60 1140 65 1235 70 1330 75 1425 80 1520 85 1615 90 1710 95 1805 100 1900 110 2090 M.P 16 55 880 58 928 60 960 65 1040 70 1120 75 1200 80 1280 85 1360 90 1440 95 1520 100 1600 110 1760 U.P 20 55 1100 58 1160 60 1200 65 1300 70 1400 75 1500 80 1600 85 1700 90 1800 95 1900 100 2000 110 2200 Delhi 18 55 990 58 1044 60 1080 65 1170 70 1260 75 1350 80 1440 85 1530 90 1620 95 1710 100 1800 110 1980 Asham 14 55 770 58 812 60 840 65 910 70 980 75 1050 80 1120 85 1190 90 1260 95 1330 100 1400 110 1540 Orissa 26 55 1430 58 1508 60 1560 65 1690 70 1820 75 1950 80 2080 85 2210 90 2340 95 2470 100 2600 110 2860 Rajasthan 15 55 825 58 870 60 900 65 975 70 1050 75 1125 80 1200 85 1275 90 1350 95 1425 100 1500 110 1650 Total unit sales in month 7040 7424 7680 8320 8960 9600 10240 10880 11520 12160 12800 14080 Total unit sales in Quarter 22144 26880 32640 39040 Total unit sales in 2011 120704 Stevens Business School, Batch: 2009 - 2011 Page 42
  • 43. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd Expected Sales in units for Product Expected Sales in Unit Year Quarter Per Per During 3 Quarter Year Years Q1 6144 Q2 7936 2011 32640 Q3 8960 Q4 9600 Q1 12160 Q2 14208 2012 60288 213632 Q3 15616 Q4 18304 Q1 22144 Q2 26880 2013 120704 Q3 32640 Q4 39040 Sales forecasting in Rupees Expected sales in Rupees Year Quarter Per Per Year During 3 Years Quarter Q1 302530.6 Q2 390768.6 2011 1607193.6 Q3 441190.4 Q4 472704 Q1 598758.4 Q2 699601.9 2012 Q3 768931.8 2968581.1 10519240 Q4 901289 Q1 1090371 Q2 1323571 2013 5943465 Q3 1607194 Q4 1922330 Stevens Business School, Batch: 2009 - 2011 Page 43
  • 44. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 6.4) Promotional Plan To Doctors Promotional Tool Promotional Month Unit required per year Visual Aid Every month 128 Calendar of Product January 2560 A3 size posters for patient February 1280 education Prescription Pad March 1280 Sponsorship of Doctors once in a year 1 Association function Book Mark May 1280 Sponsorship of Medical colleges June 1 degree allocation function Model or Chart of Female July 640 Reproductive system Book of Gynecology Practices August 70 Wall Clock September 1280 Packet of Celebration Chocolate October 12800 Promotional Tool Unit required per year One Page Product card to Doctors 3840 Special Visiting Cards 399360 Thanking Card to Doctors 15360 Free Samples to Doctors 15360 Stevens Business School, Batch: 2009 - 2011 Page 44
  • 45. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 6.5) Promotional Plan To Business Executive Total Total Promotional Sample Promotional Number Total Unit Gift Tool Unit Month of B.E per State Required State in year Diamond Watch of June 1 7 7 B.E Rs 2000 Gifts to Top 3 Business Platinum Watch of Executive in June 1 7 7 B.E Rs 1500 each State Watch of Gold B.E June 1 7 7 Rs 1000 3 Days Incentive and 4 Diamond Planning for Nights at December 1 7 7 B.E Business 5star Executives Hotel Gifts to Top 2 Days 3 Business and 3 Platinum Executive in Nights at December 1 7 7 B.E each State 5star Hotel 1 Day and 2 night at Gold B.E December 1 7 7 5star Hotel 2% Incentive on achievement of Target every month Stevens Business School, Batch: 2009 - 2011 Page 45
  • 46. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 6.6) Call plan for Business Executive per month Call Plan for One Business Executive per month No. of Doctors to visit per Total call per Sample Unit Call per Month month Month A category doctors 30 4 120 B+ Category doctors 50 2 100 B Category Doctors 20 2 40 Total Call per month per B.E 260 Stevens Business School, Batch: 2009 - 2011 Page 46
  • 47. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 7) Budget for 2011 Cost Plan for 2011 Cost of Total Unit Required per Total Promotional Total General Total Corporate Promotional Tools Promotional tool Administration Year Cost in Rs Cost Branding Cost per unit in Rs Cost One Page Product card to 3840 2 7680 Doctors Special Visiting Cards 399360 0.2 79872 Thanking Card to Doctors 15360 0.2 3072 Free Samples to Doctors 15360 12.31 189081.6 Visual Aid 128 300 38400 Calender of Product 2560 120 307200 A3 size postors for patient 1280 10 12800 education Prescription Pad 1280 10 12800 Sponcership of Doctors 1 25000 25000 Association function Book Mark 1280 1 1280 Sponcership of Medical colleges degree allocation 1 20000 20000 function Model or Chart of Female 640 100 64000 Reproductive system Book of Gynecology Practises 7 1500 10500 Wall Clock 1280 30 38400 Packet of Celebration 12800 50 640000 Chochlate Watch of Rs 2000 to B.E 7 2000 14000 Watch of Rs 1500 to B.E 7 1500 10500 Watch of Rs 1000 to B.E 7 1000 7000 3 Days and 4 Nights at 5star 7 4000 28000 Hotel for B.E 2 Days and 3 Nights at 5star 7 3000 21000 Hotal for B.E 1 Day and 2 night at 5star 7 2500 17500 Hotel for B.E 2% Incentive on achievement of Target every month 25600 Cost for 2011 in Rs 339613.6 118272 123600 992200 Total Cost in Rs 2011 1573685.6 Stevens Business School, Batch: 2009 - 2011 Page 47
  • 48. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 8) Control during Application of marketing plan 8.1) Check point for controlling  Match actual sales figure o Every month o Every quarter o Every year  Match the unit sales per state per month o Every month o Every quarter o Every year  Business Executive target  Promotional activities at every month, quarter and yearly Stevens Business School, Batch: 2009 - 2011 Page 48
  • 49. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 8.2) Example of Control sheet for Sales per Quarter Control sheet for sales during 2011 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Number January February March April May June July August September October November December Name of State of B.E. Expected Expected Expected Expected Expected Expected Expected Expected Expected Expected Expected Expected Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual per State Total Total Total Total Actual sales Total Total Total Total Total Total Total Total sales of sales of sales of sales of sales of sales of sales of sales of sales of sales of sales of Number of Number Number Number of unit per Number Number Number Number Number Number Number Number unit per unit per unit per unit per unit per unit per unit per unit per unit per unit per unit per Unit per of Unit of Unit of Unit state of Unit of Unit of Unit of Unit of Unit of Unit of Unit of Unit state state state state state state state state state state state State per State per State per State per State per State per State per State per State per State per State per State Gujarat 19 285 285 342 380 380 418 418 456 456 475 475 475 M.P 16 240 240 288 320 320 352 352 384 384 400 400 400 U.P 20 300 300 360 400 400 440 440 480 480 500 500 500 Delhi 18 270 270 324 360 360 396 396 432 432 450 450 450 Asham 14 210 210 252 280 280 308 308 336 336 350 350 350 Orissa 26 390 390 468 520 520 572 572 624 624 650 650 650 Rajasthan 15 225 225 270 300 300 330 330 360 360 375 375 375 Total unit sales in month 1920 1920 2304 2560 2560 2816 2816 3072 3072 3200 3200 3200 Total unit sales in Quarter 6144 7936 8960 9600 Total unit sales in 2011 32640 Stevens Business School, Batch: 2009-2011 Page 49
  • 50. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 9) Bibliography  Research Methods for Business Students (3rd Edition) by Mark Saunders, Philip Lewis and Adrian Thornhill (2007), Dorling Kindersley (India) Pvt Ltd, New Delhi  Marketing: An Introduction (7th Edition) by Armstrong and Philip Kotler (2005), Dorling Kindersley (India) Pvt Ltd, New Delhi.  http://www.alibaba.com/product- tp/109909725/Women_health_tonic_Femohills_kit.html  http://www.alibaba.com/countrysearch/IN/uterine-tonic.html  http://www.ambikamedico.com/ayurveda_categories/menstrual_condition_3.htm  http://vaniindia.org.whbus12.onlyfordemo.com/herbal/plantdir.asp Stevens Business School, Batch: 2009 - 2011 Page 50
  • 51. Marketing Plan Of UT-Tone, Lincoln Pharmaceutical Ltd 10.1) Annexure 1 Proposal for Marketing Plan of UT- Tone As Partial Fulfillment of PGP – Pharma Program at Stevens Business School For Lincoln Pharmaceutical Ltd Prepared By Dipa Shah Mitesh Shah Under guidance of Mr. C T Kapadia (Marketing Manager, Lincoln Pharmaceutical Ltd) Dr. Raashid Saiyed (Director, Stevens Business School) Stevens Business School, Batch: 2009 - 2011 Page 51