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Leading pharmaceutical company revamps strategy, position and advertising for previously under-performing new drug
SITUATION
A Fortune 10 pharmaceutical company was mystified that doctors were
reluctant to prescribe a new product that was a long-awaited medical
breakthrough. Although the new treatment was clearly better, doctors
were not prescribing it as frequently as prior research had projected.
INSIGHTS
Resonance revealed that the problem
was not the treatment, but the emotional attachment doctors had to
their current prescribed treatments. Resonance created a Motivational Segmentation approach
that enabled the client to accurately predict the size of the market
for this treatment, and the motivational profile of early adopting MDs.
IMPLICATIONS
New
insights from Resonance led to a new marketing platform for the brand
to re-launch. Additionally, the Sales department utilized the
motivational data gathered to help their detail reps target doctors who
were likely to be early adopters.
RESULTS
After implementing the Resonance recommendations, sales took off
through the roof starting in the following quarter (see chart). In
addition to solving the problem, Resonance created an ancillary
benefit: the company's sales force reported that the MD’s they dealt
with were glad to see them and spent more time with them because "you
ask really interesting questions that nobody asked me before."
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