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No product market is static. When a breakthrough is made in a therapeutic
area, imitators follow. There is always someone looking for a better
way to solve health problems. Any time a new product enters a market,
the market changes for everybody. Successful product teams have
a clear and effective plan for addressing the market change.
Whether your product is the market leader or trying to gain market
share in a competitive field, your team must strategically and
preemptively position itself and its product against the new competitor
in order to build competitive immunity and protect market share.
Competitive Immunity is a half-day to full-day workshop built around a central conceptbuilding a wall around your castle. The simulation represents the forces at work in a competitive situation: the castle represents your piece of the market; the wall represents your messages, with its strengths and weak spots; the advancing armies represent the competitive forces. Your job is to recognize the competitors’ approaches and to eliminate or minimize your vulnerabilities.
In order to succeed, sales consultants will need to be able to:
- Fully
understand your key marketing points in terms of what they
mean to the customer, including the problems they solve for
the physician and the patient.
- Utilize core marketing messages
in a way that demonstrates the value of your complete range
of resources to the customer.
- Develop a physician-specific action
plan that links customer needs to your complete range of
capabilities in a way that provides
strategic value to the customer and long-term returns to
your own bottom line.
- Understand and tailor marketing messages to address
the full spectrum of needs that exist within a customer practice.
- Understand
the competitor’s product, messages, strengths,
and weaknesses so they can proactively address competitive
messages.
- Provide
a framework for each representative to develop a thorough
account strategy for one of their five key accounts, which
they
can use as a template for other accounts.
- Ask thoughtful, purposeful
questions to identify customer needs and priorities in
order to build utility and the value
link to
marketing resources and tools.
Competitive Immunity can be run with groups of 10 to 1,000 sales representatives and managers at all levels. It is highly customized to your unique products, market dynamics, and marketing messages. It is best used preemptively before the launch of the new competitive product.
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