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This document discusses sales and marketing in the pharmaceutical industry. It aims to understand and study the marketing system in this industry. The research methodology includes collecting primary data through questionnaires from 75 medical representatives and 15 business managers in Ahmedabad, as well as secondary data from online sources. Some key findings are that sales and marketing roles are often combined, medical representatives have low pay and pressure to meet targets, and high turnover as managers seek employees from other companies. Suggestions include taking better care of sales and marketing employees, providing training to new hires without experience, and modifying the existing marketing channel.
This document discusses sales and marketing in the pharmaceutical industry. It aims to understand and study the marketing system in this industry. The research methodology includes collecting primary data through questionnaires from 75 medical representatives and 15 business managers in Ahmedabad, as well as secondary data from online sources. Some key findings are that sales and marketing roles are often combined, medical representatives have low pay and pressure to meet targets, and high turnover as managers seek employees from other companies. Suggestions include taking better care of sales and marketing employees, providing training to new hires without experience, and modifying the existing marketing channel.
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Attribution Non-Commercial (BY-NC)
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This document discusses sales and marketing in the pharmaceutical industry. It aims to understand and study the marketing system in this industry. The research methodology includes collecting primary data through questionnaires from 75 medical representatives and 15 business managers in Ahmedabad, as well as secondary data from online sources. Some key findings are that sales and marketing roles are often combined, medical representatives have low pay and pressure to meet targets, and high turnover as managers seek employees from other companies. Suggestions include taking better care of sales and marketing employees, providing training to new hires without experience, and modifying the existing marketing channel.
Droits d'auteur :
Attribution Non-Commercial (BY-NC)
Formats disponibles
Téléchargez comme PPT, PDF, TXT ou lisez en ligne sur Scribd
solutions Pvt. Ltd.) RATIONALE OF THE STUDY • Sales and marketing is different in this industry with comparison to other commercial products.
• The distribution channel is also
different. OBJECTIVES • To understand the sales and marketing in pharmaceutical industry.
• To study the marketing system in
pharmaceutical industry. EXPECTED CONTRIBUTION • Through this the firm will get an idea of what is happening in pharma industry.
• The future students who opt for this
field will get a reference. RESEARCH METHODOLOGY (a) Types of research & method of research:-
• The research is done by personal
interview. (b) Sources of data:-
• Primary data:- Through questionnaire.
• Secondary data:- Internet, magazines
and newspapers. (c) Instrument for collection of data:-
• Well structured questionnaire.
(d) Time taken & statistical tool used for analysis:-
• Times taken for collection of data is
nearly 4 weeks. • Time taken for secondary data is about 2 weeks. • Students- t- test is used for sampling. • Analysis is done through graph and tabulated diagrams. (e) Sample plan:-
• Approximately 75 medical representatives and about 15 business managers. (f) Field work:-
• Here the primary data was collected
from various hospitals and corporate offices of pharmaceuticals company in ahmedabad. LIMITATIONS:- • Limitation of sampling data.
• Concentration of respondents from one
place only. (Ahmedabad) FINDINGS:- • (1) The sales and marketing is done by the same person in many firms. • (2) The front line performers i.e., the medical representation are suffering because they get low salary and the working environment is also not good. Many times their problems are not taken care of by the seniors and are pressurized for achieving the targets. • (3) The top managers are always looking for the employees of the other companies to join their company as the retention rate is very low. SUGGESTIONS:- • Ultimately the backbone of the company are sales and marketing people, so to increase the firms revenue these people must be taken care of. • Now-a-days the companies have started taking MR who don’t have any background knowledge so training must be given to them. • They must also concentrate on rural areas.
• In the existing marketing channel there
should be some modification as stockiest has much power in there hand. THANK YOU.