insogum marketing plan ppt
DESCRIPTION
InsoGum (Insulin Chewgum) Marketing Plan, Marketing Project Presentation, BS(Accounting n Finance) 2006-2010 session.TRANSCRIPT
Group Leader: ARIF Masood (50)
Group Members: Umair Mohayi-u-Din (17) Rao Faisal Sattar (20) Aziz Hassan (27) Ahsan Riaz (32) Sundas Khan (35)
Introduction and Situational Analysis
(Sundas Khan – 35)
About “The PLUS Pharmaceuticals”
Mission Statement: To preserve health and improve quality of life by providing thoroughly researched high-quality innovative medical solutions to the public through a highly capable and motivated human resource.
Situational Analysis
Problem: Injection Phobia Un-availability of medical expert Diseases spread through Syringes
Situational Analysis
Solution: INSOGUM Availability Easy to use Safe to use
Product, Target Market & Segmentation
(Ahsan Riaz– 32)
Product Definition
An innovative alternative to traditional diabetes medications
Highly Effective Highly capable
Product Features
Easy to chew Non-Sticky In natural fruit Flavor Chew gum in pink color Size of chew gum will be half of
average chew gum available in market
Target Market
Diabetes Patients in small cities and remote areas highly sensitive about injections Upper and upper-middle class; early
adopters
Market Segmentation
On Geographical basis Psychographic
Segmentation
Positioning, SWOT Analysis(Umair– 17)
Competition Positioning with
competitors
Locally manufactured & Imported
Price & Performance
A
B
Inso
D
PerformancePri
ce
SWOT Analysis
Strengths Weaknesses Opportunities Threats
Packaging & Labeling(ARIF Masood– 50)
Product Name & Logo
A Product by “The PLUS Pharmaceuticals”
Product Name & Logo
Inso (Insulin) + Gum (Chew Gum)
Name: Easy to remember & Pronounce
Color combination: Easy on eyes, Elegant
Logo contains: Product name and company’s PLUS + sign in it..
Product Packaging
Hard plastic primary packing containing 10 chew gums.
Primary packing plastic will be transparent and light blue in shade.
Packing material will be of high quality.
Sun light, Temperature, Humidity resisting packing,.. Enabling high life of product.
Product Labeling
As it is a medical product; so Descriptive Labeling Approach is used.
PRIMARY Package Labeling: Product Name, Logo, Potency of Product, ingredients, MFG & EXP dates, Batch NO, Company Name, Registration Number.
SECONDARY labeling: in addition to above elements, number of units & unit price will be mentioned too.
Pricing Techniques & Strategies
(Rao Faisal Sattar– 20)
Pricing Techniques
Cost Plus Pricing Break Even Analysis
Break Even Analysis
Unit Price: 470+30=500 retail price
Unit Variable Cost: 300 Unit Fixed Cost: 110 Break Even Point: 410 Per unit Profit: 470-410=60
Pricing Strategy
Market Skimming Strategy
Quantity Discount Uniform Delivered Pricings
Promotion & Distribution(Aziz Hassan– 27)
Promotion Techniques
Electronic Media Advertisements
Brand Ambassador Message Designing Medical Representatives Awareness Creation stage
Distribution
Indirect Distribution Channel
Selective Distribution: On prominent medical stores and centers of cities.
BS (Accounting & Finance
(2006-2010)BZU – Multan,
Pakistan.