Product Team Cialis
Getting Ready to Market
1.- What trends you think could influence positively and negatively the ED market?
The usual market for medication has only main target audience: doctors. They are the ones that will need to be ‘sold’ on the product while patients will mostly take whatever they are prescribed. This case is slightly different due to the fact that 1) the brand Viagra has an unusual high awareness among patients, and 2) the influencing factor of partners is high. This is why we identify three target audiences: the doctors, the patients and the partners. These may be influenced by current or potential trends:
|Positive trends |Negative trends
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Team Cialis’ next task is to decide which audience to choose as lead segment, although they can run some or all parallel to each other. The role of the partner could actually be a good way to differentiate the medication’s commercialization since the key benefit for this segment is very clear and commercial. Additionally, because the name of Viagra is already so known to the male patient audience, avoiding a head-to-head positioning would probably be most effective and more efficient. Prescribing doctors being by definition a key target audience, Team Cialis should also create a large and aggressive sales force to market Cialis to them, more specifically urologists and primary care practitioners.
5.- Did Lilly and ICOS follow all the steps of the product development process as described in the manual?
The manual describes the steps of typical product development process as shown in Appendix 2:
1. Idea generation, 2. Idea screening, 3. Concept a. development and b. testing, 4. Marketing strategy development, 5. Business analysis, 6. Product development, 7. Market testing, 8. Commercialisation.
In the case of Cialis, some of these steps happened at the same time (1 and 6), others (3, 4, 6 and 7) in parallel, because the product itself (3a) was discovered first[2], because the marketing team was much involved in the product development cycle (6) or due to the nature and constraints
The case consists of two major pharmaceutical companies that joint to collaborate their research and pharmaceutical technologies to start a joint venture in India. Both have valuable resources that have benefited both companies during the joint venture. Now both are questioning if there is still any value in maintaining the joint venture in India and will be deciding what will be the best route to take. Ranbaxy Laboratories wants to be bought out, but Eli Lilly is worried of the financial implications of such move.
As the brand manager for Allround cold medicine, there were many decisions regarding product formulation, strategy, line extensions and product launches over the company’s last 10 periods. The brand was focused on remaining a profitable, mature product family within the cold medicine category, but also maintaining a premium brand image.
Our culture is one founded on core values of quality, craftsmanship and social responsibility with the main goal of spreading the sexual wellness. We are united by a common goal, and we strive every day to challenge ourselves to become better, wiser, and redefine the box rather than just thinking outside of it. We have highly-trained sales staff providing excellent customer service, via live chat and email support provided during business hours and plenty of product information. We believe success is only attainable when we recognize individual achievements as
The most important message to communicate is going to be that Cialis covers more ground than Viagra and Levitra do. It lasts longer, is taken in smaller doses, isn’t impact by food
Strengths – Cialis could be taken on an empty or full stomach, had a much longer half-life
Pharmed First Inc. is a widely successful chain pharmaceutical company with 85 drugstores located in Canada’s Atlantic provinces. George Brenner is one of the 6 regional managers and Angela MacFee is a store manager in a mall located in Dartmouth. One of MacFee’s loyal customers have purchased 9 packages of Diet Magic on September 2011 however wanted to return them on May 2012. Subsequently, MacFee reacted hastily and defensively, arguing with Johnston in spite of Pharmed First Inc. return policy (Figure 1). As a result, Johnston wrote a letter to Frank Chen, the president of Pharmed First Inc. and told Brenner to deal with it. He proposed that the company gives Johnston a $500 voucher and that MacFee apologizes. However, MacFee remained inflexible as she also challenged Brenner’s authority.
1. What are the most relevant dimensions to use to segment the patient market for ED treatment? Select only the most relevant!
-The emphasis on the greater benefits of Cialis compared to Viagra. Which benefits to emphasize and how to emphasize.
In addition, due to limited resources, it was important to determine how marketing efforts should be targeted between physicians and patients. One possible option would be target both groups in the same manner in addition to targeting in a balanced manner. Another option includes marketing to the men and their partners so as not to alienate anyone in the process. Moreover, with Viagra’s five-year market advantage, doctors’ satisfaction with the drug was beginning to grow and there was a
Discuss main each age sub-group - 20-39, 40-49, 50-59, 60+ segments (2 marks) and main barriers/opportunities to Cialis adoption: ED as a normal part of aging vs. waiting for condition to go away (2 marks); reasonably justified additional
Our assignment is to create and promote an innovative product. In developing a new product, we started with an idea generation. This is a systematic search for new-product ideas. Companies go through many ideas before they come to find some good ones. We had to do the same thing. We thought of many ideas on our own. It was more of an internal idea source as opposed to going outside of our partnership for ideas. Our first idea was a restaurant with half of it an actual restaurant and the other half an automobile tuner shop. The next idea was a new energy drink that would be less costly and better tasting. Our next idea came up when we were sitting
In the beginning lectures, I had no idea that brainstorming and conceptualizing an idea was part of an elaborate process to generate good product ideas. Great inspiration and a creative idea require deep thinking. I have learned that opportunity identification involves looking into the problems first rather than diving
Starting a new product is never easy for a company. The difficulties they face are diverse in nature, and often they lack initiatives so that customers are not interested in the product.
Before starting a business, entrepreneurs need to take and use the methods to generate creative ideas for product to be marketed and test new ideas. The methods are the focus group method, brainstorming, brainwriting and problem inventory analysis. These methods are best suitable for an organization that needs expansion in products or services
Given that DKT and Pregna are the leaders of the contraception industry in India, they clearly have many strengths that have worked to their advantage. However, each of them has one main, individual strength that I believe lends itself well to working with the other. For DKT this individual strength is their understanding of the younger demographics and ability to effectively reach the Indian youth through their advertising, while Pregna’s individual strength is their international status as a leader in contraceptive solutions, which instantly provides them with a positive reputation.