thinking caps_a need of an hour
TRANSCRIPT
Thinking Cap
BU7255 MARKETING IN DIGITAL CONTEXT
NOV 10, 2016
Survey for the type of person taking medicines
in Unites States
Reason why people forget to take medicines
in United States
Forgetfulness
Side effects
Travelling
Others
Quick Overview
Company’s brief summary (Abbott)
About Thinking Cap
Segmentation Persona
Innovation-mediated cycle
How does Thinking Cap work?
Outline
What if someone miss to see light glow?
How to refill the pill bottle
Conclusion
Abbott’s brief Summary
Strength:
One of the biggest pharmaceutical company (135th in fortune 500)
Weakness:
Had a significant debt around 7.8 billion by the subsequent M&A (in Dec. 2014)
Opportunity:
Strategically shifting their market from developed to developing countries
Threat:
Risk of the emerging generic drugs after the expiration of their branded drugs
About Thinking Cap
Thinking Cap is an innovation from internet of things
Thinking Cap uses android and apple platform
Application will easily available on play (App) store
This is actually a small pill bottle with glowing lamp on it
Thinking Cap is a device which needs continuous internet
Segmentation (Persona)
Developed Nation Business Class:
Aged: 30-50 Income: 40K-50K Occupation: Professional
Psychographic: Health Conscious, frequent traveller for job & private
Developing Nation Business Class:
Aged: 30-50 Income: 35K-50K Occupation: Professional
Psychographic: Health Conscious, Busy worker difficult to seek time
Developed Nation Retired Men/ Women
Aged: 50 above Income: ailments / saving Occupation: Retired
Psychographic: Health Conscious, frequently forget to take medicine
Innovation-mediated Cycle
How does Thinking Caps Work?
>Outline
Doctor feeds
information in
the app
Patients switches off the
glow with the app
Patient
request for
the refill
Pharmacist
delivers the
medicine at
home
How does Thinking Caps Work?
>What if someone miss to see light glow?
Musical sound
reminderAutomatic System
call your phone
Doctor calling family member
How does Thinking Caps Work?
>How to refill the pill bottle
Refilling is Simple & Easy
By pressing the push button under the
thinking cap
By pressing the refill button in mobile
app
Conclusion
Major Problems
Forget to take medicines on time
Risk of overdosing / underdoing
Troublesome refilling process
Risk of unexpected second effect
Waiting for a long queue in clinic
Solution by Thinking Cap
Secured intake at proper time
Appropriate dose of medicines
Easy to purchase via online
Constant consultation with doctor
Saving time via online counselling
References
2015 Abbott Annual Report
http://www.abbottinvestor.com/phoenix.zhtml?
WikiPedia: Abbott Laboratories
https://en.wikipedia.org/wiki/Abbott_Laboratories
Abbott Laboratories SWOT Analysis: MarketLinePUBLICATION DATE: 11 Dec 2015 / REFERENCE CODE: 43227671
Global Pharmaceuticals: MarketLinePublication Date: December 2015 / Reference Code: 0199-0372
To understand the Value Proposition
http://www.pmlive.com/pharma_news/value_proposition_319609
Understand the Value Proposition from the perspective of pharmaceutical company
http://www.zsassociates.com/publications/whitepapers
To see the Thinking Cap features
http://quantifiedself.com/guide/tools/430/Vitality+GlowCaps
Thank You