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Model for Marketing Mix (Health care industry)



                                                        ------
 Set a goal & objective of health impacts/
 outcome
                                                          ---          Position & brand intervention



Confirm consumers(corporate/retail)                                       Annual/Pre test /Doctor referral
health want & needs                                  ---------            intervention




 Collect & assess information gathered                                      Implement HE Program

                                                     ---------
    Formative listening & final conversion           ---------            Monitor & adjust programme
                                                                          adjustment




                                        Evaluate process, impact & outcome
                                        of program




            Start------------------------------------------------------------------------------------------ End
4 P’s of the Marketing Mix
           (NM Medical healthcare Pvt Ltd)


                              Product
                         Place (Distribution)
                             Promotion
                                Price
Product
         Health checks ups- (Pre employment/Annual
                     checks/Retail markets
       Goal is to develop the best health checks services
                   with the resources available


Price
         Social and External Prices vs. Monetary Cost
                             Monetary Cost
                  Who are the clients (size of corporate)?
              What is their ability to pay(their budget)?
                       What is the demand for the health
                                  requirement ?
 Money making for organization?
                     Benefits/barriers for clients?
Place
                     Best place to offer program
                      Best time to offer program
             Through what channels are we distributing
             program(TPAs, Insurance broker, Camps..etc)
              Competitive advantage lies in distribution
  Promotion
           Deals with communication that program planners
             use to attract those in the target population to
                become involved in a program (pamphlet
                       distribution, Advertisment)
                     Informative and Persuasive
                             Creative title
                            Headline mentality



 Study of Marketing Mix Strategies used in
                     “NM MEDICAL”
By             : Pranav Shetti

                                                    Reg No         :

                                                    Course         : MBA- Marketing

                                                    Institute      : IBMT Bangalore




                                         SYNOPSYS

Title of study:
Study of Marketing Mix Strategies used in “NM MEDICAL”.

Objectives behind the study:
   •   To identify the channels of which the product will be distributed.

   •   To analyse the sales promotion techniques used by the company.

   •   To analyse customer satisfaction and feedback analysis methods.



Sample size:
 100 IVF centers who are the company’s customer for more than one year.



Sampling method:
Sampling methods are classified as either probability or non probability.

Probability methods include random sampling, systematic sampling, and stratified sampling. In
non probability sampling, members are selected from the population in some nonrandom
manner. These include convenience sampling, judgment sampling, quota sampling, and snowball
sampling.

In my survey I am using Convenience sampling method to choose the companies who purchase
product from us.



Analysis method:
SWOT analysis (alternately SLOT analysis) is a strategic planning method used to evaluate
the Strengths, Weaknesses /Limitations, Opportunities, and Threats involved in a project,
process or in a business venture.

In my study, I am using SWOT analysis to identify strengths, Weaknesses/Limitations,
Opportunities, and Threats of different sales promotion techniques.




Contributions expected from the research:
My study helps the company to

    •   Identify attention-getting sales promotions.

    •   Understand the methods which will increase Industry visibility.

    •   Improve the product/service quality according to customer requirements.



Brief about Guide:
My guide is Mr. Gururaja M.N, pursued his Bachelor in science and MBA from Al- Ameen
Institute of Management studies. He served as HR manager in Symmetric Technology and
Analyst in Oracle and Marketing Analyst in Park ITC and started his professional pursuit as
Business Executive in Venus Remedies Ltd. He organized Seminar on Vedic Economy for
student holistic knowledge and development.

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Marketing mix pranav

  • 1. Model for Marketing Mix (Health care industry) ------ Set a goal & objective of health impacts/ outcome --- Position & brand intervention Confirm consumers(corporate/retail) Annual/Pre test /Doctor referral health want & needs --------- intervention Collect & assess information gathered Implement HE Program --------- Formative listening & final conversion --------- Monitor & adjust programme adjustment Evaluate process, impact & outcome of program Start------------------------------------------------------------------------------------------ End
  • 2. 4 P’s of the Marketing Mix (NM Medical healthcare Pvt Ltd)  Product  Place (Distribution)  Promotion  Price Product  Health checks ups- (Pre employment/Annual checks/Retail markets  Goal is to develop the best health checks services with the resources available Price  Social and External Prices vs. Monetary Cost  Monetary Cost  Who are the clients (size of corporate)?  What is their ability to pay(their budget)?  What is the demand for the health requirement ?
  • 3.  Money making for organization?  Benefits/barriers for clients? Place  Best place to offer program  Best time to offer program  Through what channels are we distributing program(TPAs, Insurance broker, Camps..etc)  Competitive advantage lies in distribution Promotion  Deals with communication that program planners use to attract those in the target population to become involved in a program (pamphlet distribution, Advertisment)  Informative and Persuasive  Creative title  Headline mentality Study of Marketing Mix Strategies used in “NM MEDICAL”
  • 4. By : Pranav Shetti Reg No : Course : MBA- Marketing Institute : IBMT Bangalore SYNOPSYS Title of study: Study of Marketing Mix Strategies used in “NM MEDICAL”. Objectives behind the study: • To identify the channels of which the product will be distributed. • To analyse the sales promotion techniques used by the company. • To analyse customer satisfaction and feedback analysis methods. Sample size: 100 IVF centers who are the company’s customer for more than one year. Sampling method:
  • 5. Sampling methods are classified as either probability or non probability. Probability methods include random sampling, systematic sampling, and stratified sampling. In non probability sampling, members are selected from the population in some nonrandom manner. These include convenience sampling, judgment sampling, quota sampling, and snowball sampling. In my survey I am using Convenience sampling method to choose the companies who purchase product from us. Analysis method: SWOT analysis (alternately SLOT analysis) is a strategic planning method used to evaluate the Strengths, Weaknesses /Limitations, Opportunities, and Threats involved in a project, process or in a business venture. In my study, I am using SWOT analysis to identify strengths, Weaknesses/Limitations, Opportunities, and Threats of different sales promotion techniques. Contributions expected from the research: My study helps the company to • Identify attention-getting sales promotions. • Understand the methods which will increase Industry visibility. • Improve the product/service quality according to customer requirements. Brief about Guide: My guide is Mr. Gururaja M.N, pursued his Bachelor in science and MBA from Al- Ameen Institute of Management studies. He served as HR manager in Symmetric Technology and Analyst in Oracle and Marketing Analyst in Park ITC and started his professional pursuit as Business Executive in Venus Remedies Ltd. He organized Seminar on Vedic Economy for student holistic knowledge and development.