Marketing Skills in Sales of Pharmaceuticals – PST06209 Entrepreneurship

NTA Level 6 • Semester 2 • PST06209

Marketing Skills in Sales of Pharmaceuticals

Entrepreneurship • Source Session/Topic 13
Full source-text version: all educational wording from the extracted learning source is retained; only presenter/tutor metadata and web-layout noise are removed, while formatting is improved for readability.

Session 13: Marketing Skills in Sales of Pharmaceuticals

Total Session Time: 60 minutes +1 hours of Tutorial

Prerequisites

• None

Learning Tasks

By the end of this session students are expected to be able to:

• Define marketing skills
• Explain general marketing skills
• Explain the pharmaceutical marketing skills

Resources Needed:

• Flip charts, marker pens, and masking tape
• Black/white board and chalk/whiteboard markers
• LCD Projector and computer

SESSION OVERVIEW

Activity/

Step Time Content

Method

1 05 minutes Presentation Introduction, Learning Tasks

2 10 minutes Presentation Definition Of Marketing Skills

15 minutes Presentation General Marketing Skills

3

Buzzing

20 minutes Presentation

4 Pharmaceutical Marketing Skills

Brainstorming

5 05 minutes Presentation Key Points

6 05 minutes Presentation Evaluation

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SESSION CONTENTS

STEP 1: Presentation of Session Title and Learning Tasks (5 minutes)

READ or ASK students to read the learning Tasks and clarify

ASK students if they have any questions before continuing.

STEP 2: Definition of marketing skills (5 minutes)

• Marketing skills means abilities to make a decision on what to purchase, use, follow or

conform to someone else's products, services or values.

o Ability of identifying and satisfying customer requirements profitably

 Involves the processes of market research, new product development, product life

cycle management, pricing, channel management as well as promotion

 An approach to business that seeks to identify, anticipate and satisfy customers‘

needs.

STEP 3: General Marketing Skills (20 minutes)

Activity: Buzzing (5 minutes)

ASK students to pair up and buzz on the following question for 2 minutes

• What are general marketing skills?

ALLOW few pairs to respond and let other pairs to add on points not mentioned

WRITE their response on the flip chart/board

CLARIFY and SUMMARIZE by using the content below

• The general marketing skills are:

o Revenue-driven marketing

 Who are capable of driving revenue tend to thrive in their careers.

Believe marketers are disconnected from short and long-term financial objectives.

 Who can tie their efforts to improving revenue thrive in an environment like this.

o Know your market

 The success of a marketing organization depends on its ability to understand its

target market.

 The marketer who can understand and effectively articulate what customers and

competitors are doing has a foundational marketing skill.

 Becoming the voice of the customer is particularly valuable to a business.

 Marketers who can collect both quantitative and qualitative data about customers

and present that data to executives in a strategic manner are very valuable

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o Create remarkable customer experiences

 Today‘s most successful marketers create remarkable experiences for customers.

 Thanks to the internet, there are now many more points of interaction between a

customer and brand today.

 These interactions are growing richer and richer and its marketing‘s job to create

and manage these experiences.

 Marketers who can create experiences that truly resonate with customers are rare,

but those that can deliver business results that far exceed the norm.

o Become a storyteller

 A big part of creating a remarkable customer experience is telling a good story.

 It is critical to successful marketing.

 Marketers must be good storytellers for the simple reason that customers identify

with compelling stories more than anything else.

 Most successful marketing campaigns tell a story that customers identify with on

an emotional level.

 Marketers who can tell great stories to customers via a variety of marketing

campaigns are indispensable in a world where attracting a customer‘s attention

can be challenging.

o Test everything; assume nothing

 Good marketers are continuously testing things like new marketing campaigns, ad

copy, and pricing to turn data into business results.

 Fortunately, a number of tools, such as online advertising platforms are now

available, making testing easier than ever designs.

o Never stop learning

Marketing is changing at a rapid pace

 dynamics like the internet and the changing customer behavior.

 That means that marketers have to learn faster than ever.

 Something as simple as learning has become an essential marketing skill.

 There‘s a wealth of information available online that can help marketers learn

about new marketing trends.

 Many of the world‘s best marketers are actively blogging and tweeting the latest

data and information.

 LinkedIn is another powerful tool for acquiring marketing knowledge.

o Use customer data to make decisions

 Marketers now have access to a tremendous amount of data.

 As a result, companies are able to understand their customers much better than

before.

 Marketers who learn how to collect and analyze customer data in an effort to

make better decisions will be in extremely high demand for decades to come.

o Become a marketing technologist

 Gartner predicts that by 2017 marketing will spend more on technology than the

information technology group itself.

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 That means that marketers who are proficient with common marketing

applications and systems will thrive.

 This doesn‘t mean that you have to be an engineer to succeed, but you do need to

be able to use many of these applications as a business user. Commonly used

marketing technologies include CRM, marketing automation, email marketing,

marketing analytics, and a plethora of emerging, online marketing technologies.

o Manage to a schedule

 Successful marketers use schedules and project plans to ensure that they complete

their work in a timely fashion.

 Most of the work in a marketing organization is deadline-driven.

 For example, marketing campaigns have launch dates that everyone working on

the campaign focuses on.

 Good marketers work backwards from the launch date and develop a schedule that

governs the work they do.

o Learn how to write

 Many marketers underestimate the importance of writing,

 Copywriting is one of the most important skills that a marketer can have.

 It‘s the foundation of almost every marketing campaign.

 From ad copy, to emails, to landing pages, copywriting is a relatively basic skill

that can have an outsized impact on conversion rates.

 It also happens to be the foundation of the enormous amount of internal

communication that marketers must manage inside of their company.

o Deliver specific, identifiable results

 Marketing has evolved into a field where marketers must deliver results.

 Generating a certain number of qualified leads, or delivering revenue, marketing

is now on the hook to perform.

 Successful marketers focus on delivering results that share three characteristics:

• First, the results they deliver can be easily identified and understood by the

business.

• Second, they deliver results that have an impact on the business,
• Third, they deliver these results on a timely basis.

STEP 4: Pharmaceutical Marketing Skills (20 minutes)

Activity: Brainstorming (5 minutes)

Ask students to brainstorm on the following question:

• ―What are pharmaceutical marketing skills?‖

ALLOW few students to respond?

WRITE their responses on the flip chart/ board

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CLARIFY and SUMMARISE by using the content below

• Pharmaceutical marketing skills:

o Function of Sales

 Marketing is where the action is.

o Advertising

 Able to advertise drugs on television, website, campaigns, and other medias

through making audio-visual, prints or multimedia sales pitches to the doctors.

 Advertising agencies will have to educate themselves

o Marketing Research Function

 Marketer, in order gain information, conducts market research,

 . The pharmaceutical major is fond of syndicated data.

 Many companies routinely buy ORG (Operation Research Group) panel study

 Marketing research data only provides a base for action in the market place,

o Use of Public Relation

 pharmaceutical marketers use public relations as a marketing tool

 Public Relation entails:

• Sending out a few press releases,
• Holding a few conferences
• Conducting some event when launching a new product.

 Relation has also helped the organization in creating a positive platform for direct

response communication.

o Drug Distribution

 Many a times drugs promoted through professional service representatives do not

appear on the shelves of the retailing chemist.

 This can be attributed to ineffective distribution system.

 Although distribution is recognized in India as an important function, many

 pharmaceutical marketers accord it a mere supportive role; so the distribution

system has

STEP 5: Key Points (5 minutes)

• General marketing skills include Revenue-driven marketing, Knowing your market,

Creating remarkable customer care and using customer data to make decisions

• Pharmaceutical marketing skills include;

o Function of Sales

o Advertising

o Drug Distribution

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o Use of Public Relation

o Marketing Research Function

STEP 6: Evaluation (5 minutes)

• What is marketing skills?
• What are general marketing skills?
• What are pharmaceutical marketing skills?

References

Buskirk, R. H (1994). The Entrepreneurs Handbook: Premier Entrepreneur Programs, Inc.

Denver, Co.

Charantimath, P. M (2006) Entrepreneurship Development Small Business Enterprises:

Delhi, India: Pearson Education,

Hisrich, R.D., Peters, M.P., & Shepherd, D.A. (2005). Entrepreneurship. (6th Ed.) Boston:

McGraw-Hill.

Kuratko, D.F., & Hodgetts, R.M. (2007). Entrepreneurship: Theory, Process & Practice. (7th

Ed.) USA: Thomson

Roy, R. (2011, 2008). Entrepreneurship. 2nd Ed. Oxford: Oxford University Press.

Stokes, D. & Wilson, N. (2002). Small Business Management and Entrepreneurship. (5th

Ed.) London: High Holborn House.

Zimmerer, T. W. & Scarborough N. M. (2008) Essentials of Entrepreneurship and Small

Business Management. (5th Ed) New Jersey: Pearson Education International

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