Online from: 2011
Information: About this Collection
|Title:||“Race”-ing ahead! – Just a storm in the tea cup?|
|Author(s):||Prafulla Kumar Das (Professor-Marketing, Regional College of Management Autonomous, Orissa, India)|
|Citation:||Prafulla Kumar Das, "“Race”-ing ahead! – Just a storm in the tea cup?", Emerald Emerging Markets Case Studies Collection, (2011)|
|Keywords:||Brand management, Market segmentation, Market share, Marketing environment|
|Article type:||Case study|
|DOI:||10.1108/20450621111110438 (Permanent URL)|
|Publisher:||Emerald Group Publishing Limited|
|Acknowledgements:||Disclaimer. This case is written solely for educational purposes and is not intended to represent successful or unsuccessful managerial decision making. The author/s may have disguised names; financial and other recognizable information to protect confidentiality.|
Subject area – Business Administration (Marketing).
Student level/applicability – MBA.
Case overview – Although it has become fashionable to talk about how things business are changing at a nanosecond pace owing to hyper-competition, disruptive technologies and empowered consumers; the real change has been based on digital revolution and management of information. Most of the new introductions are entering a phase of facelessness from being innovative within a year of their appearance; whereas, as per one estimate, the breakeven volume is achieved after three years. This puts insurmountable financial pressure on marketing companies. In order to remain ahead of competition, they are introducing more and more new products in growth areas. In this paradoxical, complex situation; a reputed marketer in the pharmaceutical arena like Artichem entered a maturing market of Omeprazole whereas growth areas like Lansoprazole, Pantoprazole and Esomeprazole were still open to them. Did they make a mistake? Was it a bad idea to embark upon? Should they go for introducing new molecules even after a successful launch in the same segment?
Expected learning outcomes – The student shall be able to: explain the term “positioning” and shall be able to explain why he should go ahead with introducing a brand in an existing and maturing product category; explain the term “product life-cycle” and shall be able to take rational decision in the midst of pressing circumstances to manage a new product in a likely to decline market; and explain the term “new product development” and shall be able to apply the theories of new product development for brand success.
Supplementary materials – Nil.
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