Eskayef Brand Strategy
Branding strategies of pharmaceuticals companies worldwide are different from consumer product branding strategies due to restrictions and strict regulation by National, International and NPOs to promote continues development of pharmaceutical products worldwide. For Eskaeyf this is the same, as they are restricted by various regulations from the Ministry of Health and Family Welfare and The Directorate of Drugs Administration in Bangladesh and internationally by Ethical criteria for Medicinal Drug Promotion (Geneva). A code of Pharmaceutical Marketing Practices is Publicly available which are mandatory to be followed by pharmaceutical companies in Bangladesh which is circulated by Bangladesh Pharmaceutical Society effective
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They believe in long term brand building by operating the business with Brand values; values that Eskayef embodies to its core. Most Pharmaceutical companies relies on the quality of their medicine and the trust of people on those medicines especially the doctors and veterans who prescribes these. Eskayef’s brand strategy focuses building and delivering upon five major values,
• Quality: The primary business value of SK+F is quality. Eskayef already won several international awards including The EU GMP, UK MHRA, TGA , UAE GMP etc. and is known as a quality medicine manufacturer in Bangladesh. The expertise on medicine production and usage of state of the art technology along with safety procedures makes them on of the most quality ensured medicine producers in Bangladesh.
• Principles: Eskayef believes that they should carry on the principles that their mother company were guided by even after the acquisition of it by Transcom ltd. They work under the same quality and business ethics and global best practices are cultured in the everyday activity of Eskayef. Their primary goal is to continue the positive image and build upon
A brand strategy is a formal plan used by a business to create a particular image of itself in the minds of current and potential customers. When a company has created and executed a successful brand strategy, people know without being told who the company is and what they do.
Under Armour has successfully built upon its authentic brand and expanded its presence into a number of product categories. The company currently markets “apparel, footwear, and accessories” for all age categories and income segments that suit diverse tastes and weather conditions with the focus on the improved performance (Thompson, 2012). Since the first years of its operation, Under Armour has been working on increasing the brand awareness by placing the logo on all sports equipment and getting “broad exposure at live sporting events, as well as on television, in magazines, and on a wide variety of Internet sites” (Thompson, 2012). The company’s brand positions are reinforced by its
Before launching a product or marketing a message, many ideas for brand identity, such as artistic logos and clever jingles to draw in the consumer and become memorable, stay on the presentation board in the marketing executive’s office. For the wildly successful product marketing that basks in a near cult following, such as Coke, Apple, or McDonalds, there are the utter failures such as the Gremlin, the Susan B. Anthony dollar, and numerous spin-offs of successful television shows. Therefore, when OfficeMax Inc. launched Elf Yourself’, an interactive holiday e-card on its website in 2006, its success took everyone by surprise. Thacker, an OfficeMax marketing and advertising executive admitted, “When you think of holiday shopping, you don’t think office supplies” (Colorado State University Global Campus, 2014).The following discussion focuses on the objectives, timely launch, and how OfficeMax reached their intended target with the surprise hit of the 2006 holiday season. This popular marketing campaign is a perfect example of everything going right at precisely the perfect time.
Integrated marketing communication (IMC) is defined as "a cross-functional process for creating and nourishing profitable relationships with customers and other stakeholders by strategically controlling or influencing all messages sent to these groups and encouraging data-driven, purposeful dialogue with them" (Duncan 2002, p. 8). To better understand the real-world application of IMC, a call has been made for case histories that focus on IMC best practices (see Duncan and Mulhern 2004, p. 19). In this paper, we provide a case study that demonstrates how one company--Imperial Tobacco Limited (ITL), which is Canada 's largest tobacco
How a brand is perceived affects its success, regardless of whether it’s a start-up, a non-profit, or a product.” (Wheeler, 2009: 2). This statement shows the importance of having a well branded product in order for it to stand out in shops and appeal to the consumers. Customer value is very important when marketing said product, a company or brand cannot assess the value, it is the customers overall capacity to be satisfied with the product and to make sure it meets his or hers wants and needs. For the customer to be satisfied with the product, the products performance needs to be matched with the customers expectation (Wheeler, 2009). In Simple’s case, the image they’re presenting through their products differs from the original company philosophy of a no fuss, simple product. Simple’s main target is consumers with a specific issue, sensitive skin, this is something other brands are already doing, for example Clinque. Although Clinque is a more high end product, it has a much larger market than Simple, some could argue this is down to the company’s packaging design as it a lot more simple yet still stands out on the shelves. Market research is important as it gives the company a clearer understanding of customer insights, which in the long run will give the company a better customer relationship. If
Communication takes places after identification and selection. Now the company must try and reach their audience that is their potential customer in order to communicate everything there is to know about the product and the potential benefits of choosing their brand.
If you want to thrive in your industry, the first thing you need to get a hold of is your brand identity. Branding is one of the basic aspects of online marketing, but it’s also one of the most important, if not the most. What do you want your customers to think of when they hear or read your brand online? Most companies and entrepreneurs tend to lose focus on this matter, especially if they are eager to “get by” and make a name for themselves straightaway.
I will make three suggestions that you could use to help build a strong brand. I will apply this to the three levels of a product. First I will make a suggestion to help your core product, which is at the center at your business, then secondly another suggestion to aid with the actual product, then secondly the augmented product, this is known as the three product levels.
This document present the marketing policy and practice of the pharmaceutical company, Reckitt Benckiser and their brand, Nurofen. A recent case in the industry has surface due to the unethical marketing practice of Nurofen discussing that the brand has been using unethical marketing strategy to market their product to consumers. Marketing theories and strategy such as Pestle analysis and 4 P’s Marketing strategy, ethical theories such as utilitarianism will be included to evaluate the marketing policy of the brand. The resulting data from these evaluation are meant to provide recommendation for the company.
In this report for the first assessment of the module Brands and Branding I will critically discuss the growing importance and meaning of brands in contemporary consumer culture. Brands are omnipresent in todays life. Everywhere you look around you can see different brands. Our life with brands already starts early in the morning when we get up out from our bed, which was made by a company with his own brand. We go to the bathroom to brush our teeth with a toothpaste e. g. from „Colgate“. Thats the way we go though the day. We write messages via „Whatsapp“ from a smartphone often from a big company like Apple or Samsung. Apple for an example is a brand which produces a smartphones, tablets, laptops or watches. But the names of these products are also brands. When I am thinking about the first smartphone my first thought rises the „iPhone“ and „Steve Jobs“. A Person and an advanced mobile phone, but also they both are brands for themselves. So you can see we are so „manipulatet“ by big brands that I had no chance to think about any other brand which also produce well designed smartphones with a high usability. They are not only lifestyle gadges which grew importance of brands. We can take a look at the brand Rolex for example. Rolex has his origin in Germany before the watchmaker has founded Rolex as a company in Switzerland in 1908. This company has a very long tradition an his watches carring their original value over decades. It is not a fashion brand and
Fisher & Paykel back heritage back to the 1930s with the design of complete products under license. Originally force recognized by the founder of the society in which they convinced the plan is challenging and predictable electrical device manufacturing system.
BRAND BUILDING 2 Assignment 1: How Brands are built Part1. Proposal Apple Incorporation Overview Apple Inc. plans, produces, and markets versatile correspondence and media gadgets, PCs, watches, and convenient advanced music players around the world. The organization likewise offers related programming, administrations, frill, organizing arrangements, and outsider advanced substance and applications (Abrahams & Norfolk, 2014). It offers iPhone, a line of cell phones that involve a telephone, music player, and Internet gadget; iPad, a line of multi-reason tablets; Mac, a line of desktop and convenient PCs; iPod, a line of versatile advanced
In the first paragraph, the authors claim that the idea of brand strategy has been widely accepted in hotel industry. The authors cite Dev et al. (2009) and state that the brand strategy becomes vital in hotel marketing. To further support that assertion, the authors continue cite Jiang, Dev & Rao (2002) and state that beginning with Quality International in 1981, most hotel companies have developed many brands concentrating on different markets. Thus, I think the reasoning for this assumption is sound and logical. Nowadays there are numerous brands existed in the hotel industry, such as Accor, Marriott, and Hilton. The existence of numerous brands indicates that hotel industry has accepted the importance of the branding in marketing strategy. In line with Dev et al. (2009) and the authors, Bailey & Ball (2006) state that hotel industry has adopted branding, the branding has become a “powerful force” in marketing. Thus, I agree with authors on this assumption.
Successfully building an appropriate brand for a company does more than merely provide an appealing design, picture and slogan for a consumer to view. It provides a value that which is necessary to obtain in order to stay competitive in most industries in modern day society. This is both valid in Business to Consumer (B2C) marketing and Business to Business (B2B) marketing. The approach and importance of successfully branding ones service or product both tangible and intangible through B2C and B2B are similar, but also do have key differences. In this report, we will discuss the advantages of building a strong brand name and image, risks, and some techniques.
Brand building Strategy is a plan for the systematic development of a brand to enable it to meet its agreed objectives. The strategy should be rooted in the brand 's vision and driven by the