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AllStar. Team 5 Michael Loo May Cho Leslieann Dawkins Tien Trinh Amy Ryan. Mission Statement.
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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)