Essays on Pharmaceutical Marketing with A Case Study Company

Authors

  • Kitcha Ing-udomnoogoon IICSE University, Thailand

DOI:

https://doi.org/10.18034/ra.v6i3.336

Keywords:

marketing, marketing mix, promotion, advertisement, Pharmaceutical

Abstract

The objective of this thesis was to design a marketing strategy plan for a case company in Thailand. Due to confidentiality, the case company is blinded as Company X, who has also sponsored primary research surveys included in the study. The ideal outcome of this thesis was to design a marketing strategy plan to help the case company become a successful pharmaceutical company and strengthen topline business performance over the near future period in 2019-2021. Quantitative research methods were mainly used in this dissertation research. A single case study with two marketing hypotheses were utilized as research techniques. Primary survey pen-andpaper based questionnaires and the interviews were the major information sources of the empirical data for the research, complemented with secondary data sources. The theoretical framework aims to find knowledge for compiling the main elements of the marketing strategy plan in this thesis. A situation analysis and SWOT analysis of the case company were also presented in this thesis. The results of the thesis were tactical marketing plans and marketing strategies for Company X Thailand. Proposed marketing strategy plans were based on the internal and external analyses of the case company.

Downloads

Download data is not yet available.

References

Aaker, David A. & Kumar, V & Day, George S 2006. Marketing Research. 9th Edition. John Wiley & Sons Inc. Hoboken.

Aaker, David & McLoughlin, Damien 2010. Strategic Market Management: Global Perspectives. John Wiley & Sons, Ltd. United Kingdom.

Armstrong, G. & Kotler, P. (2009). Marketing An Introduction, 9th Edition, Pearson, Prentice Hall. New Jersey.

Bala, Ram, and Pradeep Bhardwaj. 2007. Detailing versus Direct-To-Consumer Advertising in the Prescription Pharmaceutical Industry. Management Science. Vol.56(1): pp. 148-160.

Berndt, E., Danzon, P.M., and Kruse, G.B.2007. Dynamic competition in pharmaceuticals: crossnational evidence from drug diffusion. Managerial and Decision Economics, Vol.28: pp. 231-250.

Cant M.C & Strydom J.W & Jooste C.J & Plessis P.J.du 2009. Marketing Management 5th edition. Juta and Company Ltd, 2009. ISBN 0702171883 and ISBN 9780702171888.

Czinkota Michael R & Ronkainen Ilkka A 2007. International Marketing, 8th Edition. Tomson South-Western, a part of The Tomson Corporation. Printed in the United States of America.

David, Guy, Sara Markowitz, and Seth Richards-Shubik. 2010. The Effects of Pharmaceutical Marketing and Promotion on Adverse Drug Events and Regulation. American Economic Journal: Economic Policy, Vol. 2(4): pp. 1-25. 86

David, Guy, and Sara Markowitz. 2011. Side effects of competition: the role of advertising and promotion in pharmaceutical markets. National Bureau of Economic Research. No 17162.

Doole Isobel and Lowe Robin 2008. International Marketing Strategy: Analysis, Development and Implementation. Cengage Learning EMEA. High Holborn House, 50-51 Bedford Row London.

Feagin Joseph R & Orum Anthony M & Sjoberg Gideon 1991. A case for the case study. The University of North Carolina Press. United States of America.

Harker Michael & Armstrong Dr. Gary M 2009. Marketing: An Introduction. Pearson Education Limited. England.

Hopper Teresa M 2007. The Lack of African-American Participation in Cancer Clinical Trials: Mistrust of Medical Researchers. ProQuest Information and Learning Company. United States.

Hunger David L & Wheelen Thomas L 2007. Strategic Management & Business Policy 11th Edition. New Jersay. Prentice Hall. ISBN 0132345153.

Hurwitz, M., and Caves, R. 1988. Persuasion or information? Promotion and the shares of brand name and generic pharmaceuticals. Journal of Law and Economics, Vol.31: pp.299-320.

Johnson, G & Scholes, K 2002. Exploring Corporate Strategy. 6th edition. UK, Essex: Pearson Education Limited. 1082 p. ISBN 0- 273 65112-9.

Kaiser Family Foundation. 2009a. Prescription drug costs. Http://www.kaiseredu.org/. 87

Kremer, S. T., Bijmolt, T. H., Leeflang, P. S., & Wieringa, J. E. (2008). Generalizations on the effectiveness of pharmaceutical promotional expenditures. International Journal of Research in Marketing, p. 234

Kent, Ray 2007. Marketing Research: Approaches, Methods and Applications in Europe. Thomson Learning. London.

Kotler, P 1994. Marketing Management, Analysis,

Implementation and Control, 8th Edition, Prentice-Hall, Englewood Cliffs, NJ.

Kotler, Philip & Keller, Kevin L 2009. Marketing Management. 13thEdition. Pearson Education Ltd., London.

Kotler Philip J & Armstrong Gary M 2010. Principles of marketing Pearson Education, Inc, Upper Saddle River, New Jersey,07458.

Kumar Arun & Sharma Rachana 1998. Marketing management. Atlantic publishers and distributors B-2, Vishal Enclave, New Delhi-110027.

Iizuka, Toshiaki and Ginger Z. Jin. 2002. The Effects of Direct-to-Consumer Advertising in the Prescription Drug Market. A.E.A.A. Conference.

Liu, Qiang. The Dynamics of Competitive Drug Detailing. 2007. Job Market Paper.

Lovelock, C & Wirtz, J 2004. Services marketing: people, technology and strategy, 5th edition. New Jersey: Prentice-Hill.

Narayanan, Sridhar, Ramarao Desira, and Pradeep K. Chintagunta. 2004. ROI implications for pharmaceutical promotional expenditures: the role of marketing-mix interactions. Journal of Marketing, Vol. 68(4): pp.90-105.

PhRMA. 2009. Phrma statement on prescription medicine cost growth. Http://www.phrma.org/. 88

Rosenthal, M., Berndt, E., Donohue, J., Frank, R., & Epstein, A. (2002). Promotion of prescription drugs to consumers. . New England Journal of Medicine, 498-505.

Sekaran, Uma 2003. RESEARCH METHODS FOR BUSINESS A Skill Building Approach. 4thedition. Malloy Lithographing Inc, United States of America.

Sexton, Don (2006). Trump University – Marketing 101. John Wiley & Sons, New Jersey.

Tompson, A.A. & Strickland, J. E. (1998). Strategic management. Crafting and implementing strategy.

Willmer Wesley Kenneth 2001. Advancing Small Colleges: Strategies for Success. Printed in the United States of America.

Yin, Robert K 2009. Application of Case Study Research. Sage Publications, Inc. United States of America.

--0--

Downloads

Published

2018-12-31

How to Cite

Ing-udomnoogoon, K. (2018). Essays on Pharmaceutical Marketing with A Case Study Company. ABC Research Alert, 6(3), Thailand. https://doi.org/10.18034/ra.v6i3.336