All-Star Corporation Team 6 Joe George Alan Hu Gena Mathews Joseph Riel
Mission Statement Our mission as a pharmaceutical corporation is to make a difference in our customer’s health and well- being. All-Star Brands is well-known for our OTC drugs for allergies and common cold. The health of our customers comes first. All-Star’s goal is to provide ethical drugs for an inexpensive price.
Marketing Objectives To increase net income by 6% each period To maintain a consistent stock price that does not fall below $50 per share at any time To ideally have an increased market share and increased stock price as each period passes To have the majority of market share, in their own competitive industries, for each and every product we produce
To increase net income by 6% each period
To maintain a consistent stock price that does not fall below $50 per share at any time
To ideally have an increased market share and increased stock price as each period passes
To have the majority of market share, in their own competitive industries, for each and every product we produce
Competitive Analysis Strengths: - Reputation -Market share holdings -Sales force -Products
Competitive Analysis, Cont. Weakness: -Differentiation -Diversification -Seasonal changes -Outside competition
Competitive Analysis, Cont. Opportunities: - People –Locations –Support & outside services –Manufacturing –Sales
Competitive Analysis, Cont. Threats: -Competition -Legal and political issues -Fluctuating economy -Popularity of drugs
Target Market All-Star targets a wide range of ages, from infants to senior citizens for the fact that we sell cough and cold medications. Our firm has now established a new line of medication that is targeted at the children from ages 3-12.
General Timeline General Timeline of Marketing Objectives Completion Objectives Period - increase market share by 10% - introduce children’s four-hour cold medication - have majority of market share in respective industries - increase advertising budget
Marketing Activities Marketing mixes that we used to meet our objectives included: 4 P’s 4 C’s –Product- Cost –Price- Consumer –Place- Communication –Promotion- Convenience
Lessons Learned Should have increased the price of our product in correlation with the inflation rate Distribution in direct sales force Neglecting of line extension Purchasing a survey
Questions and Comments Thank-You!