10 step marketing plan for xenical

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10 Step Marketing Plan for Orlistat (Xenical) Junnosuke Kato January 25, 2011

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Transcript of 10 step marketing plan for xenical

Page 1: 10 step marketing plan for xenical

10 Step Marketing Plan forOrlistat (Xenical)Junnosuke KatoJanuary 25, 2011

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The Print Ad

Taken from YES! Magazine, December 2009 Issue, p. 187

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Outline

1. Primary Target Market (PTM)2. Needs, Wants &Demands of the Primary

Target Market3. Competition &Competitive Position Map4. Gap, Opportunity & Positioning5. Market Size

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Outline

6. Product7. Promotion8. Price9. Distribution10.Generic Winning Strategy

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1. Who is it intended for?•Over-the-Counter Clients

▫Individuals who self-medicate w/ the intention of losing weight regardless of reason (but primarily aesthetic)

•Patients▫Obese (BMI ≥ 25 kg/m2)▫Obese w/ risk factors (high blood

cholesterol, hypertension & cardiovascular disease)

•Doctors▫Physicians who handle such patients

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2. What does it satisfy? Psychological Needs: Reduction of weight at a desired level boosts confidence and self-esteem, and somehow has a favorable impact on certain relationships.

Basic Needs: Reduction of excess body fat also decreases the chances of a person to develop certain types of illnesses

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3. Who competes w/ Xenical?• Lesofat

▫ Main competitor after expiry of patent

• Smuggled generic formulations

• Counterfeit products• Other anti-obesity agents

(Sibutramine HCl)

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3. How does its competitors fair?

PRICE/QUALITYMATRIX

LOW-END QUALITY

MID-RANGE QUALITY

PREMIUM QUALITY

HIGH PRICE

LOW PRICE

Xenical

Lesofat

Salbutramine HCl

Generics

Counterfeit

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4. Where is the gap?

•Xenical patented Orlistat▫Greatest exposure time to clients among its

competitors ▫A certain level of quality & trust is

perceived to the original producer

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5. What is the size of its market?•No information was extracted from the

print ad•Given the sheer number of distributors

(e.g. Mercury Drug Store), a relatively huge market size primarily from over-the-counter clients is expected

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6. What is the product?

•Anti-obesity agent▫Taken once a day during meals▫Prevents the absorption of fat from diet

Reduces caloric intake▫Moderately lowers blood pressure▫Moderately decreases risk of diabetes

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7. How much is it?

•Not in the print ad•1 capsule (120 mg) costs P41 (MIMS)

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8. Adopting the across-the-line promotion•Internet-based marketing

▫Social network•Other media

▫Magazine and newspaper print ads▫TV commercials▫Billboard posters▫Text contact

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9. Where to buy?

•All major drug stores in the country

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10. The generic winning strategy•Indicate more studies to back up claims•Maintain marketing the aesthetic benefits

of the product•Bank on the fact that Xenical was the

patent holder of Orlistat

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The Print Ad

Taken from YES! Magazine, December 2009 Issue, p. 187

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Outline

1. Primary Target Market (PTM)2. Needs, Wants &Demands of the Primary

Target Market3. Competition &Competitive Position Map4. Gap, Opportunity & Positioning5. Market Size

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Outline

6. Product7. Promotion8. Price9. Distribution10.Generic Winning Strategy

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10 Step Marketing Plan forOrlistat (Xenical)Junnosuke KatoJanuary 25, 2011