Preview

Alltarim Swot Analysis Of Pharmasim

Satisfactory Essays
Open Document
Open Document
198 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Alltarim Swot Analysis Of Pharmasim
As the brand manager for OTC cold medicine group, my primary objective was to capitalize on marketing opportunities using Allstar’s identified strengths and weaknesses combined with the identified market threats and opportunities. Allstar’s singular product, Allround, is the market leader and the brand historically has had success in terms of profitability and sales. Allstar Brand’s single product line accounted for 40.4% of the cold product category of the market and 23.8% of the total OTC cold medicine market. However, Allstar management had, rightfully so, become concerned with the competitive nature of the OTC cold remedy market. Senior management suspected that competitive activity would lead to declining market share and profitability

You May Also Find These Documents Helpful

  • Satisfactory Essays

    The Allstar brands medicine organization is one of the leading Pharmaceutical companies who manufactures quality over the counter (OTC) cold and allergy medicine at very reasonable market competitive price. Moreover, Allstar Brands' Allround product is one of the highest market share leaders in the over-the-counter (OTC) cold and allergy remedy market. Therefore, the persistent success of the Allstar brand in regards to the profits and sales previously formed, has made it a crucial component of the Allstar’s Pharmaceuticals Division's long-term strategic plan. Specifically, Allstar brand targets young men and women with children experiencing cold and allergy symptoms. A more difficult strategy that also focuses on customers who have purchased the product is to target competitors’ customers (Winer & Dhar, 2016, p. 39). Ordinarily, this segment will prove to have the best value in the long run compared to those customers already set with a specific brand.…

    • 583 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Teva Pharmacuetical

    • 2882 Words
    • 12 Pages

    More than 100 years ago Teva Pharmaceuticals opened their doors as a wholesale drug distributor in Jerusalem. Today they have become the world’s leading producer of generic pharmaceuticals. Revenue has grown from $91 million in 1985 to $8.5 billion in 2006. This growth has not been easy and derives from key strategic decisions made along the way in order to amass these huge dollars amounts. Teva’s mission is to play a leading role in the transformation of the healthcare system through the development, manufacture and marketing of generic pharmaceuticals. Teva’s organizational structure is a symbol of their fundamental business strategy, highlighting their global strength and pharmaceutical diversity. This allows them to continue to expand their core generic business across all geographies and leverage their global reach and scientific strength to develop new innovative products and technologies. Teva has picked an industry in which there will always be a need, medicine. However, it is their approach to prescription medicine that will decide the future of Teva.…

    • 2882 Words
    • 12 Pages
    Powerful Essays
  • Powerful Essays

    Pharmasim Case Summary

    • 2648 Words
    • 11 Pages

    As the brand manager for Allround cold medicine, there were many decisions regarding product formulation, strategy, line extensions and product launches over the company’s last 10 periods. The brand was focused on remaining a profitable, mature product family within the cold medicine category, but also maintaining a premium brand image.…

    • 2648 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Allstar Brands' over-the-counter cold and allergy remedy Allround will continue to be the market leader among OTC cold medicines and continue to increase its stock price over the next decade in order to remain not only competitive, but the premier stock choice among competitors in the OTC cold and allergy remedy market. To further grow the Allround product it is essential to build upon the current strengths of the brand, but also seek additional areas for opportunity and growth. These goals will be accomplished by evaluating competitors entering the OTC cold and allergy remedy market and through careful planning and execution to enhance our current product to meet the desires and needs of consumers.…

    • 1765 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Revenue and Shelf Space

    • 1093 Words
    • 5 Pages

    When LSD&J took over as Brand Managers, Allround was advertised as a cold medicine for all demographics; young singles, young families, mature families, empty nesters, and retired. Allround's MSRP was $5.29 and the Marketing Update report listed a price increase of 2.8% compared to an inflation rate of 3.1%. Mass merchandiser sales showed the strongest growth with an increase of 9.0%. Dryup was introduced by Driscol and had a comparable formulation to Allround. Dryup was the only other multi symptom medicine to offer analgesics which is the ingredient to relieve body aches and reduce fever. Body aches was one of the most frequently reported symptoms in period 0. Allround had been compared to Besthelp, however, since Dryup was new and offered benefits that only Allround had, we changed our advertising campaign to compare Allround to Dryup and increased our advertising budget from $20M to $24M.…

    • 1093 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Whole Foods Swot Analysis

    • 454 Words
    • 2 Pages

    Our group researched and conducted a SWOT analysis on Whole Foods Market. The strength is being one of the top grocers in the U.S. by providing healthy and organic food. The option to purchase high quality natural food is available for consumers who are health conscious. The weakness for Whole Foods is viewed as a luxury shopping destination. Lower and middle class people with limited finances cannot afford to shop there on a regular basis. The opportunity is available to expand within international markets. Whole Foods can explore nonexistent markets internationally with the potential for growth. The threat is competitors will have an interest to gain consumers for their business. Competitors can utilize many avenues such as advertising and commercials to attract customers.…

    • 454 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Hi Catherina Case Study

    • 162 Words
    • 1 Page

    The illustration you provide regarding the Coricidin HBP and its advantages when it was first introduced on the market was significant. As other competitors begin to see the benefits they will commence to create a similar product which will increase the competition. As you can see, although competitors may try to replicate the products that does not guarantee it will be successful, as you noted the dissatisfaction with the CVS brand as it failed to meet customer’s expectation. This medication is targeted to a specific group of individual historical had to suffer needlessly with a cold, so now that the product is available it will increase profits for the manufacturer. I believe when marketing products to a select group it is…

    • 162 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Pfizer Inc. is a large pharmaceutical company that engages in the discovery of new technologies, the manufacture of prescription and "over the counter" (OTC) medicines, as well as the marketing of such products. It operates in three distinct segments that include Human Health, Consumer Healthcare, and Animal Health. For fiscal year 2004, the company generated approximately $53 billion in revenue that contributed to over $11 billion in net income. (Pfizer, 2004)…

    • 1018 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Medication error is a failure in the treatment process that leads to, or has the potential to lead to, harm to the patients (Ferner, R., & Aronson, J. (n.d.).…

    • 1231 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Pharmasim

    • 1205 Words
    • 5 Pages

    Reviewing the segment, target and position of the company from the case we received, we decided that we would need a few focal points in order to boost our sales. Given the company’s initial competitive position as the brand of over-the-counter relief with the highest brand awareness at 74.1%, largest market share at 40.4%, and highest sales of liquid cold medicine at $355 million we agreed that our main focus should be to simply maintain Allround’s position as the leader with full market coverage including all demographics of adults. Allround’s formula was higher than their…

    • 1205 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Cannibalization

    • 367 Words
    • 2 Pages

    We believe that our new product, Allround +, won’t take much of the sales revenue from our current product Allround. The products tend to customers in different markets and customers looking for different things in their OTC medicines. We do, however, believe that Allround will help Allround + get sales because of how well known the Allround brand is and how respectable our company is.…

    • 367 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Health Care Reform

    • 1041 Words
    • 5 Pages

    The popular brand name versus the generic battle is a concern in the prescription medicine industry. The uses of brand name drugs have decreased to 20% of total distribution. The expiration of patents of drugs, led to the decrease in brand name distribution. This affects the health care industry in an intense way. This multi-billion dollar industry is affected and patients and physicians must choose whether the generic brand will suffice. Choices by consumer are affected because the cost…

    • 1041 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Pharmaceutical Advertising

    • 2279 Words
    • 10 Pages

    In the past, the marketing of prescription drugs was mainly targeted at health care professionals so they could consult with patients and make informed decisions about prescribing new medications. However, in the 1990s, pharmaceutical drug companies started using new marketing strategies, and in addition to targeting health care professionals, they turned their attention towards patients. The industry’s new market strategy: advertise prescription drugs directly to consumers. This kind of promoting, technically known as direct-to-consumer advertising (DTCA), soon became the main focus for the U.S. pharmaceutical industry to increase its sales and profits. Soon enough every major drug company was using direct-to-consumer advertising because of the dramatic results it produced and it played a key role in competing with other companies in the industry. In addition, in 1997 the U.S. Food and Drug Administration relaxed restrictions on…

    • 2279 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    • SWOT – Savvy launch • SWOT – Natural emphasis and drugstore expansion • Financials – advertising budget and pro forma income statement • Implementation • Conclusion…

    • 997 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Pharmasim

    • 2383 Words
    • 10 Pages

    To establish Allstar Brands as a market leader of Over-The-Counter multi-symptom cold/allergy relief, while maintaining the highest level of customer satisfaction through product effectiveness, quality and affordability.…

    • 2383 Words
    • 10 Pages
    Good Essays