Final Marketing Simulation PPT

Post on 27-Jun-2015

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This was the final presentation in an MBA Marketing class I took in which myself and 3 other classmates met on a weekly basis to make all marketing decisions for a pharmaceutical company. The data was adjusted each week based on our decision making. Each week we could see data regarding sales, volume, discounts redeemed, and all other marketing related metrics. We made decisions regarding new product launches, promotional budgets, advertising budgets, and discontinuation of products. We placed 2nd of 8 groups, with market share and net income being the most important metrics for performance evaluation.

transcript

Gina Maria LoRusso, Ryan McNulty, Amber Powers, Michelle Scudday

ALLRIGHTALLROUND +

ALLROUND

Goals

Maximize profits Increase Market Share Increase Customer Retention Become the Most Recommended Brand

Marketing Plan: 5 C’s Company

Strengths

Weaknesses

Customers –

Customers seek value; a reliable, convenient product at an affordable price.

Competitors – Besthelp

Dryup

Collaborators

Context

Marketing Plan: STP Targeting

Demographics

Markets

Positioning Effective relief for multiple symptoms at an affordable price

Marketing Plan: 4 P’s Product

Price

Promotion

Place

State of Our Brand and Products

High customer satisfaction in all 3 products

Stay aligned with our roadmap Consistent Marketing Mix

State of Our Products: Allround Industry leader

Successful reformulation allowing for brand extension-Allround+

High brand recognition allowing for successful launches of other products

State of Our Products: Allround+ Initial Success

Allround and Allround+

State of Our Products: Allright

Negative returns

Customer satisfaction and brand awareness

KEEP MOVING FORWARD

Competition

Product Lines

Marketing Strategy

.

Market Knowledge

Industry Leader

PRODUCT LINESMaturity Stage

Market Modifiction

Product Modification

Marketing Modification

ConsistencyReview prior periods

Market/Industry Outlook

Decision Breakdown

MARKET STRATEGY

MARKET KNOWLEDGE

Know the ConsumersExisting Information

Product Survey

Other market information

THE COMPETITION

The CompetitionDistribution

Advertising

Product

Lines/Formulation

Stay in frontQuality

Innovation

Pricing traps

INDUSTRY LEADER