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Discover how Allstar Pharmaceuticals strives to create quality products for consumer satisfaction, ensure safe working environments, and increase company value. We specialize in over-the-counter cold and allergy medicine since 1924. Our objectives are to increase stock value, brand awareness, market share, customer satisfaction, and introduce new products. Explore our SWOT analysis, new product line extensions, marketing activities, and lessons learned. Join us on the journey to empower health and value!
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AllStar Team 5 Michael Loo May Cho Leslieann Dawkins Tien Trinh Amy Ryan
Mission Statement • The mission of Allstar is to create quality and affordable products for the ultimate consumer satisfaction, provide a safe working environment for all employees, and increase company value for stockholders. Allstar strives to grow in our product development and pharmaceutical division as a whole and become profitable from work that satisfies consumer needs and benefits humanity.
About Us • Allstar Pharmaceuticals is a leading pharmaceutical company specializing in the manufacturer of over-the-counter cold and allergy medicine. Established in 1924, Allstar develops, manufactures, and markets medicine to address the relief of cold and allergy symptoms from which our consumers suffer.
Objectives • Increase value of stock • Increase brand awareness • Increase market share • Maintain customer satisfaction • Introduce new products and product line extensions
SWOT • Strength • High Market Shares
Strengths • High Brand Awareness
Strengths • Affordable Prices
Weakness • Low Sales Force
SWOT (Cont’d) • Opportunities • Allround is the only four hour multi-symptom liquid over the counter medication • Introduction of a line extension product: Allround+ • Introduction of a new product: Allright
New Products Allright Allround+ Allround Allright Allround Allround+
SWOT • Threats • More competitors that compete with our products
Marketing Activities • Net Income & Stock Price
Lessons Learned • Utilized marketing surveys sooner • Increased sale force earlier to further push our product
Better money management on our products Concentrated more on market demand rather than competitor’s price Lessons Learned (Cont’d)