Pharmaceutical companies put forth great effort when identifying their customer needs and wants They then invest in R & D hoping to discover and launch.

Slides:



Advertisements
Similar presentations
Promotion Means Effective Communications Marketing Chapter 15.
Advertisements

Students will discover the importance and elements used in developing a PROMOTION MIX to market sports businesses.
Chapter 8 Producing and Marketing Goods and Services
Goals of the Promotional Mix. Effect on Target Market Price, Product, Place, Promotion ProductPlace Price Promotion Target Market Using the overall goals,
KEY TERMS UNIT 6 (PROMOTIONS) Marketing. ANY FORM OF COMMUNICATION USED TO INFORM, PERSUADE, AND REMIND CONSUMERS ABOUT A PRODUCT. Promotion #1 SHOWNEXT.
Copyright Cengage Learning 2013 All Rights Reserved 1 Chapter 16: Promotional Planning for Competitive Advantage Introduction to Designed & Prepared by.
Principles of Marketing
Integrated Marketing Communications Promotional Strategies at a Glance Chapter 14.
Marketing Management (MKT 261)
Marketing Communications
PREPARED BY: PEREZ KERR.  ADVERTISING- To effectively inform, persuade and remind target market.  PUBLIC RELATION- to offer a positive image of the.
Marketing Vocabulary. Market Advertise or promote an item or service.
Tourism & Hospitality Marketing Tamer Zakaria, HR Consultant Instructor of Hospitality Management Faculty Member of the American Hotel & Lodging Educational.
THE PROMOTIONAL MIX #66- Roles of Promotional Mix on SER.
Advertising and Promotion
10-1 Chapter Fifteen Advertising and Public Relations.
Promotion. Objectives: Promotion strategy options Define promotion and its role in marketing.
Ms. Smith Marketing.  Marketing is the process of planning, pricing, promoting, selling, and distributing ideas to create exchanges that satisfy customers.
Chapter 10 Marketing communication and personal selling
Chapter 31: Using the marketing mix Promotion. What is promotion? The process of communicating with customers or potential customers Can be informative.
© 2006 McGraw-Hill Companies, Inc., McGraw-Hill/IrwinSlide 18-1.
Marketing Promotion. Promotion – Persuasive Communication Product Promotion – explain the major features and benefits of product or service, identify.
PromotionPromotion Promotion in Sports Marketing the Game.
Personal Selling. Personal communication of information to persuade somebody to buy something. Personal communication of information to persuade somebody.
Principles of Marketing Lecture-32. Summary of Lecture-31.
Marketing Communications & Direct Marketing Chapter 16.
Integrated Marketing Communications Chapter 17 McGraw-Hill/Irwin Copyright © 2004 by The McGraw-Hill Companies, Inc. All rights reserved.
Session Outline The Promotion Mix Integrated Marketing Communications
Chapter 18: Services and Not-for-Profit Marketing Copyright © 2010 Pearson Education Canada Services Defined The benefits provided by an organization that.
Chapter 9 Integrated Marketing Communications. COPYRIGHT © 2002 by Thomson Learning, Inc. All Rights Reserved Integrated Marketing Communications... A.
Marketing Is All Around Us
 A nonpersonal, paid communication about an organization, product, or idea by an identified sponser.  It is one of the elements of the promotional mix.
2.02Classify the functions of marketing and the marketing mix.
Promotional Strategy Chapter Six: “Establishing Objectives and Budgeting for the Promotional Program”
4-1 Copyright © 2009 Pearson Education Canada CHAPTER 4 Strategic Planning Concepts for Marketing Communications.
The World of Marketing Standard 1 Objective 1. Marketing Marketing is the activity, set of institutions, and processes for creating, communicating, delivering,
Copyright © 2004 by South-Western, a division of Thomson Learning, Inc. All rights reserved. Integrated Marketing Communications Chapter 17.
MKT6 - Slide 1 to Advertising Strategies MKT6.
Chapter 14 Integrated Marketing Communications
Promotion in Marketing Use communication to influence the awareness, feelings, beliefs and behavior of prospective customers Use communication to influence.
Functions of Marketing
PROMOTION The communication of information about goods, services, images, and/or ideas to influence purchase behavior.
MARKETING COMMUNICATION
Chapter 10: Marketing Communications Programs
Promotion.
Today I will: be introduced to process of promotion and types of promotion So I can: Understand the procedure to determine Promotional Mix I will know.
Promotion. Promotion is the communication of marketing. It involves the exchanges of information between buyers and sellers. Its task is to persuade and.
Chapter 15 - slide 1 Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall Chapter Fifteen Advertising and Public Relations.
D. Marketing a Small Business 6.00 Explain the fundamentals of marketing in a small business Explain marketing and its importance.
Pharmaceutical companies put forth great effort when identifying their customer needs and wants They then invest in R & D hoping to discover and launch.
 Did this promotion work?  In what ways?  In this unit, you will learn how promotional opportunities & techniques aid a company and how sales & public.
Chapter 17 MR2100. Advertising is... Advertising is one key element of the promotional mix. Advertising is defined as any direct paid form of mass communication.
5.03 Coordinate Promotional Efforts SEM II. Consider the Audience Implementation of the push or pull strategies will depend on the identified target market.
What’s Happening?
By: Gus Minkin, Breaun Randle, Chase Abendschoen.
Marketing I Curriculum Guide. Promotion Standard 6.
Fashion Marketing-Promotion. Promotional Mix  Promotional Mix: four components of promotion including advertising, personal selling, public relations,
P ROMOTIONAL M IX. What is Promotion? Promotion- any form of communication a business uses to inform, persuade, or remind people about its products Promotional.
1 The Role of Promotion Promotional Strategy A plan for the optimal use of the elements of promotion: Advertising Public Relations Personal Selling Sales.
D. Marketing a Small Business 6.00 Explain the fundamentals of marketing in a small business Explain marketing and its importance.
Salman Ahmed Qurraishi.  Advertising mean “to Communicate”  Advertising is defined as any “paid-for method of promotion”. Advertising is the main form.
Course Name: Principles of Marketing Code: MRK 152 Chapter: Nine Advertising and Public Relations.
What We Will Discuss Today u Communication u Promotion v Setting the promotion budget and mix v Advertising v Sales Promotion v Public Relations.
Target Market - Review What is a market? ◦ People who share similar needs and wants and have the ability to purchase a given product are a market What.
IMC Communication Tools
Standard 5.
Standard 5.
Standard 5.
Chapter 17 Promotional Concepts and Strategies
Presentation transcript:

Pharmaceutical companies put forth great effort when identifying their customer needs and wants They then invest in R & D hoping to discover and launch innovative products. Before a new pharmaceutical product wins its first prescriber or patient, the prescribing or buying customer must be aware of the characteristics and benefits in order for the product to capture their attention and interest.

A successful communication effort from the seller to the consumer ===========> significant market penetration Is the same communication techniques and tools with those of consumer goods that pharmaceutical product marketers use in their markets ?

They can be similar in their approaches, however the pharmaceutical industry is heavily regulated.

The process of communication

The prescribing decision In the pharmaceutical industry, the primary audiences are: Prescribers Patients How can a physician’s prescribing process or a patient’s purchacing process can be influenced by industry communication?

The pyramid of influence The prescribing decision is strongly influenced by the pyramid of influence

Communication strategy

Promotional Mix The main activities of pharmaceutical marketing communication : Advertising Personal selling Public relations Sales promotion Web communications Collectively called the promotional mix

the promotional mix triple purpose: To provide information To persuade To remind

Advertising Nonprsonal, paid communication about an organization, product, or idea by an identified sponser

Personal selling Direct communication with customers to generate a response and/or a transaction

Public relations The evaluation of public attitudes and the execution of plans to gain public understanding and acceptance

Sales promotion Providing extra value or incentive to customers to purchase a product.

Promotional planning Identify target audience Determine desired response Decide on the message Select media Evaluate response