Apparently it’s Printup the senior director of marketing who is assigned the task to make decisions about Metabical. These decisions about Metabical will decide the fate of the drug. If it is observed closely there are many other stakeholders involved that will eventually decide about the fate of this drug. Printup would decide the marketing and public relation strategies to push the drug in the market. But it’s FDA that’s quite active and concerned after few awful events which occurred from usage of weight reducing drugs. In addition to these events there are some deceptive marketing campaigns. Alli was approved by FDA but still 30 cases of severe levels were caused by Alli. Who is involved in the decision making process? What is the decision making process for Metabical?
1. Who is involved in the decision making process? What is the decision making process for Metabical?
2. How should Printup think about the segmentation of potential Metabical consumers?Who is the optimal target consumer?
Decision Making Styles The decision making process is one of the most important skills of today's leading manager's. Forces and influences depending of the work environment and the type of organization influence this process. The ability to make wise decisions will also play an important function in your personal life as well. This process involves four (4) different of decision-making styles; the ...
3. How should CSP identify and employ the differential advantages that Metabical offers to position itself in the marketplace?
4. Given the position strategy you chose, what would be your communications strategy to eachof your target audiences? Would you change the marketing budget or the IMC mix? If sohow? What would the timeline for your communications plan look like?
How should Printup think about the segmentation of potential Metabical consumers? Who is the optimal target consumer? The book of Marketing Management defines “Market Segmentation” as the process of dividing the market into group(s) of similar consumers and selecting the most appropriate to serve. Eventually, the selected group will be called the target market. According to this definition and the case on hand, Printup must decide on the parameters according to which she should start the segmentation process.
I suggest using the psychographic segmentation as basis where consumers’ lifestyle is investigated by asking them about their activities, interests and opinions (AIO) and then grouped according to the similarity of their responses. Printup can use demographics (age, gender, Education, Income) as the framework for her decision and jointly use that information with the answers from the Marketing survey that assesses the opinions and behaviours of individuals in regards to body image and weight loss. Further, a decision can be made by assessing which segment will be most receptive to the product on hand, Metabical, and have its needs best matched with the solution that Metabical offers. These criteria make our segmented market measurable, meaningful, and marketable which in turns makes it a viable segment. Gladly, this information is given in the case and can be put into use. The Optimal Target Market
Using the parameters stated above in segmenting the market, the optimal target market for Metabical shapes up to be as follows: Healthcare providers since Metabical is a prescription drug and physicians are constantly seeking help for their patients to help them lose weight and keep it off for the long term in order to minimize the dangers of heart disease and diabetes, and the end users who are the patients. The profile of the end user would be summarized as follows: women aged 35+, college educated with income level above 80,000.
The criteria used to develop the market segment for R. J. Reynolds Tobacco Co.'s new brand of cigarette called 'Dakota'; is mainly that of demographics, and. The target market in this case appears to be poorly educated, virile white females age 18-20, who enjoy being around their boyfriends and doing whatever their boyfriends are doing, for example going to 'Hot Rod shows, Tractor Pulls, cruising, ...