Lupin Marketing Plan Essay Example | Topics and Well Written Essays - 4500 words

Lupin Marketing Plan - Essay ExamplePerceptual map has also been fain to analysis the competitors position in the industry so that Lupin can fulfill strategies accordingly along with the 4Ps. Finally to measure the effectiveness of the business plan, balance scorecard will be used which will determine the working and effectiveness of the strategies adopted and if any changes to be made in the business plan. Contents 1.Executive Summary 2 Contents 3 2. Introduction 5 3. Situation summary 5 4. SWOT Analysis 8 5. Evaluation of Alternative Strategies 10 6. Objectives 11 7. Recommended Strategy 12 8. Economic Evaluation 15 9. Implementation and Control 16 9.1 Managing, measuring and controlling 16 9.2 contingency plan 17 Reference 18 Bibliography 19 Appendix 20 25 2. Introduction With globalization acting as a permanent as well as irreversible part of the deliverance and economic life providing the firms with both opportunities as well as challenges to prove themselves and compete i n the competing merchandise environment. Therefore international expansion has become one of the prominent strategic responses towards global dynamics for organizations. internationalist expansion can be defined as a process through which the multinational go-ahead enters and also invest in some foreign country in pursuit of strategic objectives (Luo, 1999, p. 5). The purpose report highlights the process of internationalization and the benefits involved in the process of going global. The company taken into regard is Lupin pharmaceuticals which is among the top five pharmaceuticals companies in India. Lupin pharmaceutics plans to enter America with its product generic, specialty and API. The argue behind choosing America is that US is the largest foodstuff for pharmaceuticals and is also global leader in biopharmaceutical research. The US market provides a free pricing market and a favorable and also regulatory environment (Select USA, n.d). By entering the US market partic ularly America, Lupin aims to capture the market share and build in brand value in the international market. 3. Situation Analysis 3.1 Business Environment Political Pharmaceutical industry has over the years gathered political focus as well as compact from the government across the globe and its impact has been highly experienced in US industry. The US pharmaceutical industry tends to operates differently as compared to other national industries. Consumers and patients do not pay for their drugs directly, but secure them through government run healthcare systems. Political factors play a huge role in the regulation of distribution, manufacturing and also sale of the pharmaceutical with regards to safety of its consumer. The Food and Drug Administration is the regulatory soundbox in the US and sets a standard of quality (Castner, Hayes & Shankle, 2007). Economic The US pharmaceutical industry has been for decades among the most profitable and also growing sector encountered by th e American economy.