Escolar Documentos
Profissional Documentos
Cultura Documentos
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15.1 Duties
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16. Accomplishments 40
17. Knowledge acquired 41
18. Problems encountered 41
19. Impact on Professional career 42
20. Conclusion 42
21. Recommendation 43
22. Tables 44
23. Annexure 50
24. References 54
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LIST OF TABLES AND ILLUSTRATIONS
LIST OF ANNEXURES
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SUMMARY OF THE REPORT
Marketing management play a vital role in the operations of any organization. Almost all
good private and public organizations have their own Marketing departments and are
adopting the Marketing Strategies. The Department of marketing of the Platinum Pharma
is undergoing a transformation by changing the way and implementation new marketing
strategies.
It is compulsory to undertake the internship and writing its report for obtaining the degree
of MBA from Allama Iqbal Open University. In order to accomplish my internship, I
have selected the Platinum Pharma where I have been working since 2005 at marketing
department. I have tried my level best to cover all the aspects of the marketing
management during my internship.
The purpose of this study is to see the implementation of the marketing process in the
service organization particularly in the Platinum Pharma and to see the strengths and
weaknesses of marketing department of the organization. Satisfaction / dissatisfaction of
the employees of the company in respect of financial benefits and other facilities which
are offered to them is very important. This report has covered all the marketing
management processes which include new marketing strategies, sales analysis, target
marketing, other segments of the marketing, performance management, and career
management.
It is very difficult to cover all the aspect of the marketing management, in detail, in short
time period. However, the work is focused on the sales analysis and marketing strategies
in the Platinum Pharma.
This report is compiled through various techniques. First of all the data and relevant
information was collected through studying the broachers, formats, reports, official
correspondence, and interviewing the officers and officials of the Platinum Pharma.
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The report is consists of four major parts. First part contained the basic information of the
report which includes acknowledgement, list of tables, illustration, annexure; objectives,
introduction, overview, organizational structure and hierarchy of the marketing
department of the Platinum Pharma. In the second part the marketing management
process is discussed in detail which includes marketing strategies and forecasting, sales
analysis, training and development, performance management, compensation and
benefits, organizational career management in the Platinum Pharma. The third part which
is very important contains the information regarding the critical analysis, conclusion and
recommendations. Finally, the information and an overview of the references collected
during the study and list of annexures in respect of the organizations.
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OBJECTIVES OF STUDYING THE ORGANIZATION
(Platinum Pharmaceutical co.)
Marketing play a vital role in the operations of any organization. The Department of
Marketing is undergoing a transformation by changing the way that we do.
To identify marketing strategies that produces effective sales, and cause to the
growth of company.
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7. INTRODUCTION
7.1 Background of Pharma Industry in Pakistan
Pharmaceutical industry of Pakistan is around US$ 2 billion with an annual growth rate
of 12.9% per annum. The 600 firms (over 400 domestic manufacturers and approximately
200 major importers) together produce 40,000-odd formulations in the country. Despite
high competition and price wars, drug prices are controlled by a strict regulatory policy.
The pharmaceutical market comprises of large Multinational Companies which are
producing and marketing research based products and also other big and small National
companies which pre-dominantly produce and market generic products.
Out of total market of US$ 2 billion, 53.3% is captured by Multinationals and 46.7% is
taken up by National companies. The top 50 companies enjoy more than 80% market
share. There are 20 multinationals in the top 50 companies, while the top 100 companies
have 94.0% market share. Only 2 manufactures are involved in the manufacture of raw
materials. Having no recourse to a single price increase since December 2001, the
pharmaceutical sector will be under pressure to maintain its profitability in the face of
inflationary pressures and currency devaluation the total outlay on the health sector is
budgeted at Rs.38.0 billion, which has increased by 15.8 percent over last year.
The existing network of medical services consists of 12,260 hospitals, 113,000 doctors
practicing, 4582 dispensaries, 5301 Basic Health Units (BHU), 552 Rural Health Centers
(RHC), 906 Maternity and Child Health Centers (MCH) and 289 Tuberculosis Centers
(TBC). total expenditure on health has increased from PKR 4.37 billion to PKR 6.04
billion, which is 31.86% higher than the last year.( as of 2006).
Company Background
Platinum Pharma
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10.1
Human Resource
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HR main functions are:
Hiring
Promotions
Reassignments
Position classification and grading
Salary determination
Performance appraisal review and processing
Awards review and processing
Personnel data entry and records maintenance
Consultation and advisory services to management and employees
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Financial Operations
Budget preparation
Budget administration
Cost allocation
Accounts payable
Payroll
Grants administration
Monitoring service providers
Technical assistance to service providers
Contract administration
Billing
Property inventory
General accounting records
Fixed assets records
Custody of funds
Distribution of pass-through funds
Cash flow
Investments
Debt administration
Risk management
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Internal financial reports
External financial reports
Statutory reports
Tax reports
Administration
They are responsible for assistance of employees in every regard they provide as:
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13. SWOT ANALYSIS
Strengths (S)
Weaknesses (W)
Opportunities (O)
Threats (T)
STRENGTHS
Platinum Pharma is offering more and better availability than its competitors.
Platinum Pharma has great management within the organization (internally &
externally)
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Platinum Pharma is a registered company and Platinum
Pharmaceuticals has achieved ISO 9002, ISO 14001 & 17025.
It has a strong brand identity. It has successfully projected itself as a company
meant to serve its people.
Platinum Pharma is spread nationwide and also started marketing in Serilanka and
Bangladesh.
Platinum Pharma has a comprehensive promotional strategy.
Platinum Pharma has its own distribution
WEAKNESSES
Weaknesses include internal limitations and negative situational factors that may
interfere with the company’s performance.
Platinum Pharma has less professionalism within the organizational members.
Platinum Pharma still has room for the betterment of its quality in comparison to
The Market Giant GSK.
Poor co-ordination between team members
High turnover rate
There are no good medical health facilities in this Pharmaceutical co.
There is less pay and other allowances as compare to other companies
OPPORTUNITIES
Opportunities are favorable factors or trends in the external environment that the
company may be able to exploit to its advantage.
Platinum Pharma has biggest opportunity in the form of injections and inhalers.
Platinum Pharma has the opportunity for launching new products in new
segments.
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Platinum Pharma has the opportunity that it is well establish
in southern Punjab where it can promote itself to also other area of the country
Platinum Pharma can further improve its employees selling skills to get more
sales.
THREATS
Threats are unfavorable external factors or trends that may present challenges to
performance
There can be some decrease in sales of old products if they focus more on the new
products
The decreasing economy rate and instability of Pakistan is a big threat for all
businesses in Pakistan including Platinum Pharma
More new companies be launches, more competition will be increase
Changing marketing trends is also a threat for Platinum Pharma because things
are changing so frequently in the market with the change in marketing style.
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Platinum Pharma Prepare tablets and capsules for the Adults. Many products are
available in tables form and as well as in capsules form. There is a wide arrange of
products are available in tables and some few products are available in capsules form.
Benefits of tables:
The tablet formulation is very easy to swallow and it’s in small size. Tablets are usually
made for low potency.
Benefits of Capsules
The capsules are usually in big size but they can be easily metabolized. And this show
quick response as compare to tables.
Suspensions:
Suspensions are the solutions which are in
granules and they have some bitter taste.
Syrups:
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Syrups are the solutions with no granules and they are prepared
solutions. They are less bitter than the suspensions.
15. As an Intern:
I was called for an interview in Platinum Pharma on 15 th of Nov 2009 by Regional Field
Manager Mr. Shafiq Anwar. I was interviewed and he put me on hold to respond. Later
on 20th of Nov 2009 I was called by HR staff and I was again interviewed by HR manager
Saqib Ahmed Two days later I was informed that I can join Platinum Pharma from 24th
Nov 2009. I was so happy at that time because my ambitions are rushing towards their
fascinated goals.
15.1 Duties:
I reached office at 30th Nov 2009 and HR coordinator Miss Saima lead me to the S&D
(Sales & distribution) department and she told me that “you will do your internship in
this department, introduces me with S&D staff and say have a seat better luck.” In S&D
dept my immediate boss was FM Mr. Shafiq Anwar. He introduces me with Senior Sales
Manager Mr. Husnain Ahmed. Here I was relaxed and quite comfortable with mine
assigned duties.
Daily Duties:
Assignment 1:
My 1st assignment was to read the all literatures of all products of a Dynamic Group.
These all were very difficult for me because it’s all about medical related. But one of my
senior colleagues guides me to understand it. He was so intelligent and very good in
teaching anything. His name was Shahzad Bhatti. He told me about human body systems
and how they work. And he told me about many diseases which are mostly involve in
human body. And after this he told me about medicine to these diseases.
After that he told me how we can promote our products to doctors to generate our sales.
Then my manager gave me some assignments.
This assignment includes the following tasks:
Prepare the human body systems by heart
Literature by heart
Understand the sales sheet
Prepare the comparison sales sheet
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Annual targets
Planning to achieve these targets
Prepare the DCR (daily call report)
Assignment 2:
Dealing With Customers (doctors):
Platinum Pharma has a very good repute in customers or doctors because of their
economical and its good results. Platinum Pharma provide a wide range of products in
many fields. They mostly deal with doctors and give them information and marketing
about the all products.
Assignment 3:
Sale Analysis and Meetings:
During my two weeks stay in sales dept. anther major and daily task of mine was to make
the sale reports. That report was quite easy to make because pre-made format was give to
me by Sale Manager Mr. M. Amir Saeed and what I need to do is just to enter the daily
sales on that format. And after one month sales analysis takes by area sales manager and
after 3 months quarter meetings take by the head office.
Weekly duties:
Sales Report:
After a complete month of my internship Mr. Abdullah rotate me to the sales dept. and
assigned me another task which was to make sales report of different areas. I made total
three sales report for different dates and forward it to my boss Mr. Abdullah. That report
was again a bulky task because that report includes the sales and analysis by ASMs (Area
Sales Manager)
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Then I need to send this report to ASM Mr. Ali Rehan and paste
this report in the share folder which is nation wide access able for the senior
management.
Meeting with Distributor:
If there is any issue to any medical store or some poor booking then this is give to
distributor in distribution meetings. Most of the issues are very simple and they are easily
handled but in some case senior are involve solving these problems. In this routine
distributor meeting all issues are discuss.
Chemist Survey:
On the weekly basis we assign to do some chemist survey to get feedback about our
products and also about other competitors. We analysis and rank our products against
competitors. These surveys are very useful to identify our direction that which way we
should to move. Which doctor is prescribing competitor’s products and we can make our
strategy to convert them on to our products.
Knowledge and information:
Another assignment is to get knowledge about product and give the better information
about the products to doctors. For the better knowledge of the employees the company
gives them training to the employees. For the training of employees the company has a
department of training and development. They have many skill full training managers.
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meeting. It was an open discussion meeting and every one in the
meeting room is allowed to share his problems and points.
It was my duty to arrange the entire seating plan in the meeting room and to arrange all
the entertainment for ASMs after meeting.
Beside this I was assigned to write down the key points of the meeting.
Following are some points which I write during meeting:
1) Salary of ASMs was reduced from Rs.17000/- to Rs.12000/-.
2) Area under a single ASM is reduced.
3) Detailed discussion on sales and distributor issues.
4) It was decided that four to five ASMSs would be added, two for Lahore and three
for surrounding in the C1-A team of ASMs.
16. ACOMPLISHMENTS
My accomplishments are as follows:
1. I dealt with Doctors and placed a flag in front of regional head office
2. Area assessment
3. Better Sales analysis
4. Visited market to check out chemist level problems.
5. Visited KFC outlets to the doctor’s presentations
6. Perform well in Training meeting
20. CONCLUSION
Platinum Pharma is working with the fastest pace in pharmaceutical industry because
they are paying special attention to their products. Because of this heavy marketing and
campaigns Platinum Pharma is now being considered seventh largest company on
national base. These marketing campaigns and marketing is for brand recall. As many
customers would be aware of the brand they will like to prescribe their products.
Organizational structure is centralized and it causes many problems. Employees are not
given enough freedom to share their ideas. Platinum Pharma has upper level management
issues by resolving them they can overcome these issues. They are investing huge amount
of money on their development programs and investing heavily to improve their packing
and quality. For this purpose they are targeting big areas they are enhancing their
strengths. Platinum Pharma is paying special attention to its sales team because they are
using their full potential to increase sales for their encouragement Platinum Pharma
recently distributed thirteen (13) motorcycles among their employees via lucky draws. By
these means they are motivated and they will effort more.
21. RECOMMENDATION
Platinum Pharma can introduce new and unique products. By introducing new and
unique products Platinum Pharma can be pioneer in pharmaceutical field. They should
take serious actions to enhance their targeted areas and to strengthen their quality. They
can also work on improving product packing. They can introduce new and research
products. They can introduce inhalers, injections, interferon injections, antipyretics.
They should introduce big incentive policy to those employees who work hard because
they are not being compensated properly.
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GROUPS ALLOCATION IN PLATINUM PHARMA
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Sr. No. Name of Person Designation Group
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
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DOCUMENTS CONSULTED
IN PLATINUM PHARMA
1. Annual Reports
2. Newsletters
5. Advertisements
6. Job Descriptions
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ANNUAL REVENUE OFTHE PLATINUM PHARMA
NET SALES
DICSCOUNT
SALES
INSTITUTIONAL
SALES
Total Revenue
Advertising Cost
Marketing Expense
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Utilities
Office Expense
Production cost
Total expenses
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EMPLOYEES SUMMARY
No. of
Employees
Director Marketing
Marketing Manager
Sales Manager
Field Manager
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Organizational Structure
(Sami Pharma)
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Marketing Department
(SAMI Pharma)
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REFERENCES
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