Any company’s survivability in the market place needs to take into consideration both an effective market strategy and non-market strategy. A company’s method of strategically dealing with its suppliers, customers, and competitors is called their market strategy. Non-markets strategy is all the interactions outside of suppliers, customers, and competitors. These non-market entities include, but are not limited to, activist groups, government agencies, legislators, public opinion, and the media. Therefore, a company can have a competitive\effective marketing strategy that places their products or services in the forefront of the marketplace; however there are forces outside of their market strategy that influence their market share. Thus, a …show more content…
With the increased use of mass media advertisements to the consumer gained the attention of and criticisms of public health officials and physicians like the American Medical Association (AMA). Opponents of directly advertising to consumers argue that the advertisements mislead the consumer to either take prescription drugs that the consumer do not need or turn normal human physiological changes, like hair loss or decreased testosterone levels in aging men, as diseases. Further, opponents like the AMA argue that patients see the advertisements and insist that the doctor prescribe the medication, even though there are negative side effects of the prescription medicine. All the arguments set forth by the opponents of DTCA, the Food and Drug Administration (FDA), a US government agency that regulate DTCA for the pharmaceutical industry is currently evaluating the policies that dictate direct advertisements to consumers. The American Medical Association is currently seeking a federal ban on direct to consumer advertising. Therefore companies that had an effective non-market strategy for the consumer rights movement may have found it insufficient to deal with the downstream issues that came with directly
'Traditional marketing in the business-to-business environment requires very different strategies from those campaigns directed towards the consumer market.' (ExtraVision, n.d., p. 1) 'Consumer competition can be a lot fiercer, with customer loyalty a constant battle.? (ExtraVision, n.d., p.1)
Despite this, the industry did not alter its ways, maintaining that its ad campaigns were "educational," and that people were able to make their own decisions about what they purchased (Payer 66). However, it is evident that the advertisements produced by the pharmaceutical industry are designed for the very purpose of making it difficult for people to make these decisions independently. This marketing produces a large number of often deceptive, misleading tactics which have a large influence on both consumers and medical practitioners. The chief beneficiaries of this marketing are not the consumers but the pharmaceutical companies themselves.
There are proponents of DTC prescription drug ads. They argue that “the ads inform patients about diseases and possible treatments, encourage people to seek medical advice, help remove stigma associated with medical conditions, and provide needed sales revenue to fund costly research and development (R&D) of new drugs (Drug Ads ProCon.org).” On the flip side opponents argue “that DTC drug ads misinform patients, promote drugs before long-term safety-profiles can be known, medicalize and stigmatize normal conditions and bodily functions like wrinkles and low testosterone, waste valuable medical appointment time, and have led to our society’s overuse of prescription drugs (Drug Ads ProCon.org).”
Many countries view differently the advertising of harmful products placing personal responsibility on consumers and regulating what consumers are allowed to indulge in. The US highly regulates some forms of harmful products, allow others, and still give some a pass. An example of this, cigarette advertising, it is only allowed on certain media, excluding television and radio, while alcohol is permitted on all media. Young or uninformed consumers usually fall victim to this type of advertising and marketing. The third issue is, Marketing and Advertising Tactics. Companies use all sorts of method to attract consumer from subliminal advertising, to emotional appeals taking advantage of less educated individuals. In 2012 two leading paint companies, Sherwin-Williams Company and PPG Architectural Finishes, Inc., agreed to settle with the FTC regarding charges that they did mislead consumers into believing that some of their paint was free of volatile organic compounds, in other words, harmful chemicals. When a company markets or advertises a product and states that it is free of an ingredient that might be an environmental or health hazard it must not contain or very little (meaning trace), of the ingredient. Another ethical issue example in marketing and advertising tactics, huge drug companies try to influence medical professionals to prescribe their drugs by hosting lavish events and showering doctors with gifts and benefits. Consumers are
Bill Maher once mocked the aggressive nature of the drug advertisements that direct you to tell your doctor that their drug is right for you. “Tell your doctor? Shouldn’t your doctor tell you what drugs you need. When you tell your doctor isn’t he just a dealer at that point,” said Bill Maher. The American public generally trusts their government to protect them from the hidden dangers prescription and over-the-counter drugs. However, that trust isn’t fully warranted as the FDA has been featured in the GAO report of “high risk” agencies which need drastic reforms. After all, the FDA is in charge of regulating the shameless drug advertisements that inundate the airwaves.
So to conclude, although both positives and negatives are associated with DTC prescription drug ads, the negatives outweigh the positives because of the detrimental effects they can have on the consumer. The ads misinform patients, stigmatize normal conditions, have led to the overuse of prescription drugs, and promote drugs before long-term safety information can be known. DTC prescription drug ads are endangering the viewers in our society. In the long run, banning DTC prescription drug ads, or at the very least increasing regulation, would be best for the
Kay says ACS developed a Wishing Well Activity; "I Wish For .....". She says the ACS Gala is 10/13/2017; funded researchers will be present. Kay would like to give an update to Navigators/LCSW/etc. Karen says every patient will be assigned a navigator. She says roles are changing and now will support tumor board. Karen will put Kay on the agenda for the next Patient Navigator Support Group meeting.
In regards to the price of prescription drugs, supporters note that the advertising promotes competition among the drug companies, thus driving the drug prices down. Assuming that this is true, which is disputable in itself, “some opponents also suggest that DTCPA increases health care costs because visits to the physician prompted by a drug ad can be a waste of time and money”.(nih.gov) So if the prices are driven down then that would be of benefit to some and if they are, in fact, increased that would be of impact to all consumers. This ethical analysis does not require an answer as to which point of view is true.
The American medical association, or known as AMA, is a lobby group that group that is well organized, professional association that is focused on practicing U.S. physician members and the general public. AMA has a professional opinion that's they can use to help push their agendas over members of the congress to sway rulings in their favor.
American Medical Association (AMA) represents the nation of doctor’s. It was founded in 1847 by a group of physicianswho worried about the society's education for health, believing that this education was not an adequate level for the quality of a nation. AMA ensures that schools dedicated to medicine are teaching to an adequate level as well as increasing educational standards.It is considered one of the longest associations of medical specialists and medical students in the United States.
Research by Hooley, Saunders, Piercy, and Nicoulaud (2008) supports the concept of Peter Doyl, a doctor of media and mass communication, that few companies are successful at surpassing the mindset of flooded advertisement, short-term sales growth and flamboyant innovation ideas to accomplish what Doyl calls a robust marketing strategy that produces longevity and shareholder value. Doyl categorizes marketing strategies into three levels of radical, rational and robust strategies. In a radical strategy, companies achieve spectacular growth in sales and profits but fail to create long-term customers and shareholder value through superior products and services. A rational strategy accomplishes
A competitive strategy, or business-level strategy, is the way a business used to successfully enter and penetrate into a market (Eastwood et al, 2006), and also, to succeed in this chosen market against its competitors (Johnson et al, 2014). A company needs to develop and apply appropriate strategy to help the company to generate distinctive competences (David, 2007). Compared with the strategies implemented in other levels of operation, competitive strategy is more focused on the competition against other competitors and strategic choices to better attain market share (Harrison and St. John, 2009). According to
Think about how often you are watching your favorite show on television and all of a sudden you are interrupted by a commercial. The commercial begins with the following words, “Do you suffer with …” and this question follows with the following sentence, “if so, then talk to your doctor about … (the name of the medication that is being advertised)”. These prescription drug advertisements are being shown all over the United States multiple times a day. It is these advertisements that are used for publicity and marketing that are affecting Americans. The majority of Americans engage in watching television. The prescription drug advertisements do have a positive impact on Americans but, these advertisements do more harm than good.
The industry in which the company operates can be characterized as monopolistic competition. This is because, since there are no barriers to entry in this industry, threats of entry by potential entrants has made the industry some-what competitive. But the brand loyalty gained by the firms through massive advertising has rendered the firms within
In today’s modern era, the world is moving faster than ever, every organization is running a race of gaining maximum market share, and so as the customers, for their organization’s long-term growth but only those companies who transform themselves according to the need and requirement of the customers are able to achieve success and profit they desire and that’s what exactly said by Theodore Levitt (Head of the Marketing area at the Harvard Business School) in his article “The Marketing Imagination”.