Order custom Harvard Business Case Study Analysis & Solution. Starting just $19
Fern Fort University
Merck: Pricing Gardasil Marketing Strategy Analysis & Solution
Marketing & Sales Case Study Analysis and Solution
At Fern Fort University, we use Harvard Business Review (HBR) marketing principles and framework to analyze Merck: Pricing Gardasil case study. Merck: Pricing Gardasil is a Harvard Business Review case study written by Tim Calkins, Megha Vorafor the students of Sales & Marketing. The case study also include other relevant topics and learning material on – Pricing
Strategic Marketing Analysis of Merck: Pricing Gardasil case study written by Tim Calkins, Megha Vora will comprise following sections –
- Merck: Pricing Gardasil Case Description
- Marketing Definition
- Market Potential Analysis of Merck: Pricing Gardasil
- Market Share Potential Analysis
- Segmentation and Segment Attractiveness Analysis
- Competition and Competitiveness Analysis of Merck: Pricing Gardasil
- Customer Value Analysis of Merck: Pricing Gardasil case study
Order Now - Merck: Pricing Gardasil Marketing & Sales Case Study Solution
Order Now - Merck: Pricing Gardasil Porter 5 Forces and Strategy Analysis
Merck: Pricing Gardasil Marketing Case Description
Sales & Marketing Case Study | Authors :: Tim Calkins, Megha Vora
Allison Watkins, senior director of Merck's Vaccines Division, needed to decide on the pricing of Gardasil, Merck's newest vaccine and one of the company's most important product launches of the year. The outside consulting firm she had hired to recommend a price for Gardasil had suggested a price of $120 per dose (or $360 per person, as each person required three doses over six months to achieve adequate immunity). The Gardasil marketing team disagreed about this recommended price; some thought it was clearly too high, whereas others said it was too low. The latter group argued that Merck would be missing a major opportunity by setting the price at such a low level. Watkins now needed to decide whether to follow the consulting firm's recommendation or to set a different price.
Pricing
Marketing Definition
According to American Marketing Association – Marketing is a set of activities that a firm undertakes for creating, communicating, delivering, & exchanging offerings that have value for customers, clients, partners, and society at large.
Kotler explains - Marketing is a process by which organizations can create value for its potential and current customers and build strong customer relationships in order to capture value in return.
Market Potential Analysis of Merck: Pricing Gardasil
Market potential analysis comprises evaluating the overall market size of the related product that the firm is planning to launch. This will involve defining – Why the target market segment needs the product and how it will provide a solution to full its consumers’ needs. Market potential of Merck: Pricing Gardasil products various on factors such as –
- Maturity of the market. In mature markets the profitability is often stable but the market potential is less as most of the players have already taken market share based on the segment they are serving. New players have to go for market share strategies in marketing.
- Technological competence of the existing players and culture of innovation and development in the industry.
- Untapped market sizes and barriers to both enter the market and serving the customers. Often companies can easily see the unfulfilled needs in the markets but they are difficult to serve as there are costly barriers.
- Define the core need that your product is serving and list out all the direct and indirect competitors in the market place. This will help not only in positioning of the product but also in defining or creating a segment better.
- Uncovering the current and untapped market sizes and barriers to serving the larger market. Analyze the areas that you need to sort out while launching the products to wider market and what are the challenges the firm will face in market place.
- Estimate the current stage in product life cycle and its implications for marketing decisions for the product.
Market Share Potential Analysis
- Understanding the buyer behavior model for Merck: Pricing Gardasilindustry.
- Identifying the market share drivers relevant to Merck: Pricing Gardasil market.
- Segment Attractiveness Analysis – Our analysis will work out which are the most attractive segments and which are the one the firm should go ahead and target. We point out in great detail which segments will be most lucrative for the company to enter.
- Understanding the different needs and relative value of your offering by segment.
- Developing segment priorities and positioning the product based on the product need fit developed by the firm.
Order Now - Merck: Pricing Gardasil Case Memo
Order Now - Merck: Pricing Gardasil SWOT & PESTEL Analysis
Competition & Competitive Position Analysis
- Uncovering customer-based competitive positions for key rivals and firm’s offering. This will not only help in assessing the strengths and weaknesses of the competitors but also help in defining and positioning of the product.
- Developing a positioning and launching strategy. It will require not only distribution channel analysis but also promotion mix for the product.
- Strategic Marketing Planning — the process of developing and maintaining a strategic fit between the organization’s objectives and capabilities and the ever evolving marketing opportunities for its products.
Merck: Pricing Gardasil - Customer Value Analysis
Capturing customer value is essential to marketing efforts as it results in higher return in the form of both current & future sales, greater market share, and higher profits. By creating superior customer value, the organization can create highly satisfied customers who stay loyal and buy more. This, in turn, means greater long-run returns for the firm.
- The crucial role of customer perceived value in acquiring and retaining profitable customers. Product differentiation is often based on building on a value niche that a firm believes that is very important to the customer. This niche contributes to perceived value. If the perceived value is high then customer stay loyal to the product if not then she can switch to the competitor’s product.
- Graphically displaying value differences for deeper understanding and better internal communication. This helps is building a narrative that a customer can identify with. The better the insight more are the chances of connecting with the potential customers.
- Identifying and selecting actionable value creation options. This can help in increasing the customer lifetime value. Customer lifetime value is the value of the entire stream of purchases that the customer would make over a lifetime of patronage.
NOTE: Every marketing case study solution varies based on the details and data provided in the case. We write unique marketing strategy case solution for each HBR case study with no plagiarism. The specific case dictate the exact format for the case study analysis.
You can order Merck: Pricing Gardasil Marketing Strategy Case Study Solution with us at Fern Fort University .
Order Now
Next 5 Marketing Case Study Solution
- Gilead: Hepatitis C Access Strategy (B) Marketing Strategy Solution
- Astra/Merck Group Marketing Strategy Solution
- Do Firms with Unique Competencies Have Special Obligations? Marketing Strategy Solution
- Zithromax Z-Pak and the "Biaxin BBQ" (B) Marketing Strategy Solution
- Zithromax Z-Pak and the "Biaxin BBQ" (A) Marketing Strategy Solution
Previous 5 Marketing Case Study Solution
- Zantac (A) Marketing Strategy Solution
- Developing and Marketing a Blockbuster Drug: Lessons from Eli Lilly's Experience with Prozac Marketing Strategy Solution
- Vicks Health Care Division: Project Scorpio (C), Student Assignment Marketing Strategy Solution
- Marketing Strategies in the Competition between Branded and Generic Antibiotics (A): Clamoxyl in 1996 Marketing Strategy Solution
- Bayer AG (A) Marketing Strategy Solution
HBR Case Studies Solutions
- Gilead: Hepatitis C Access Strategy (B) Porter, SWOT,& PESTEL Analysis
- Astra/Merck Group Porter, SWOT,& PESTEL Analysis
- Do Firms with Unique Competencies Have Special Obligations? Porter, SWOT,& PESTEL Analysis
- Zithromax Z-Pak and the "Biaxin BBQ" (B) Porter, SWOT,& PESTEL Analysis
- Zithromax Z-Pak and the "Biaxin BBQ" (A) Porter, SWOT,& PESTEL Analysis