Promoting and advertising the products and the services of a business corporation has been considered as an integral part in the path of growth and success for a business organization. Creating awareness and establishing the market for the brand is an empirical task which has to be done essentially done with efficiency by the business organization. It is of very much essential for a business corporation to develop management of the marketing operations and activities. Marketing management has been considered as the approach or mechanisms through which the business firm can make application, tackling and also reviewing the company’s marketing resources operations and resources. Also the scope of the management of this concept depends on the size of the business corporation and also on the sector in which the company is operating its business activities. The core idea of the concept is to facilitate the activities and the functions which have been engaged in the distribution of the products and the services (Chand 2017). According to the author the concept of marketing management is a mechanism which executes analysis, planning implementation and control of the operations and the programs which are developed for carrying out the desired exchanges with the segmented markets and tis all is done with a purpose of attaining organizational objectives. The below executed analysis has been made focused on the management of the marketing activities of CSL. The below report has been presented for executing an overview about the activities and the approaches which has been considered as relevant for management of the marketing operations.
CSL is a multinational corporation which operates with some global specialty bio-therapeutics and is also into the business of developing and delivering the innovative biotherapies that save lives, and aid the service users with life-threatening medical conditions live full lives. The business corporation has been offering and serving the people with major facilities in the regions of Australia, Germany, Switzerland, United Kingdom and the U.S. The organization offers a varied rage of then services to the patients and the needed one. The below mentioned are the areas of expertise in which the entity has been serving to the people.
The business entity has been offering employment opportunities to over 17,000 employees which are from more than 30 countries all over the globe. By providing employment opportunities to such a large number of individuals the business entity has been contributing socially to the world (Csl 2017). Moreover, the business corporation has been making use of processes and procedures which are environmental-friendly and are not proven harmful for the environment and the society. Also the raw materials used in the products manufactured are eco-friendly.
As the business entity is involved manufacturing the medications and also into offering other medical facilities, the main targeted consumers are patients who are in the need of any kind of medical services (Csl 2017). Moreover, specifically the senior age group can also be targeted or considered as the target market.
As the business entity has been offering the services and products all over the globe, internet .i.e. are social media can be considered as one of the biggest platform through which the business entity can develop awareness about the products and the services in the market (Csl 2017). Moreover, the business firm can make use of low pricing strategy for positioning the products against the rivals.
The business entity has been involved in the operations of producing a wide range of life-saving products which has been aiding the thousands of people all over the globe in leading the normal and healthy lives (Hollensen, 2015). Marketing and distributing of vaccines that to with a particular focus provided on vaccines which ads in preventing and treating with serious diseases, all these operations are executed in Australia, by Seqirus manufactures and in-licenses. Moreover, CSL Behring Australia is a business corporation which aids in supporting all the operations and associated aspects. These operations and activities comprises of the collection and testing of donated plasma and the manufacturing of a varied range of products which are extracted from plasma. Moreover, business entity has been offering the service users a wide range of other medical services which has made the entity to sustain in the competitive environment (Meyerson, 2015). The below mentioned are the wide range of products which are being served by the business corporation so as to facilitate the service users and the patients.
On the basis of the executed analysis over the products of the business firm it has been concluded that the business entity has been offering a good quality of products to the consumers and the service users (West, Ford and Ibrahim, 2015). The products are offered in the environmental-friendly packages as the CSL has been considering the environmental and societal aspects. Moreover, labeling over the products is also clear and is done in the local languages for making the consumers understand. The design and development of the products is undertaken by the research and development team of the entity. The team has an aim of identifying, develop and commercialize significant, new, biotherapeutic offerings which will aid in saving lives by preventing or curing the service users in the case of serious medical conditions (Peck et al., 2013). The business entity has an effective supply chain management which aids the business corporation in distributing the goods and services to the consumers and the service users.
Price of a product is the value, which is paid by the consumer for consumption of the offered products and services (Kleinaltenkamp, Plinke and Geiger, 2016). Pricing strategies are the plans which are developed by the business entity so as to offer a fair pricing rage to the consumers so as to attain a greater market share and attain more and more consumers. The below mentioned are the pricing models and the strategies which can be adopted by CSL:
Moreover, the business entity can also make of some product mix pricing strategies so as to develop some strategic choices for making the products reach the best limits and attain the desired goals and targets. The below mentioned are some of the product mix pricing strategies which can be adopted by CSL:
Competition based: This pricing strategy can be adopted by the business entity specifically for addressing and responding to the prices of rivals offerings (Foxall, 2014). The type of the business aids in making decisions regarding the price, which can be either higher or lower or at about the same levels as compared with that of the competitors. These pricing decisions are based on the evaluation which re required to be executed over the competitors and also over the use of the product mixes which is being done by the rivals.
Skimming pricing policy: Cost-in addition to valuing is the most essential kind of evaluating and basically speaks to setting the cost of the products at some level over the cost of delivering and conveying the same to the consumers (Kotler et al., 2016). Along these lines, for example, a diamond setter may choose to value items at a 100 percent increase in light of the costs that go into making the item.
All these pricing strategies aids CSL in attaining sustainability in the business environment and also it helps to get a competitive advantage over the rivals. Baxter and Messer cutting systems are the top rivals from which the business entity ha been facing an intense level of competition.
The below mentioned are the promotional mixes which can be adopted and used by CSL for attaining sustainability:
Advertisements
Ad can be characterized as the “paid type of non-individual introduction and advancement of thought, merchandise or administrations by a distinguished support”. It is an unoriginal introduction where a standard or normal message with respect to the benefits, cost and accessibility of item or administration is given by the business entity (Sheth and Sisodia, 2015). The ad manufactures pull impact as publicizing tries to pull the products by straightforwardly speaking to consumers and the service users to get it. And hence advertisements can be proven beneficial for CSL.
Sales Promotion
The term is concerned with making use of the incentives and other promotional activities which aids in influencing the consumers for buying the product. Sales promotion techniques can be proven beneficial for CSL as it will have a short and immediate effect on the sale chart of the entity and also the sales promotional techniques will persuade consumers as well as the mediums of distribution.
Personal Selling
This concept is referred to the selling of the products personally and which involves face to face interactions and communications with the targeted audience and the consumers. This will aid the business entity to divert the efforts in a correct direction and which will reduce the wastage of the same. This has been considered as one of the most effective method of attracting the consumers and which will also aid the entity in sustaining the competitive environment.
The distribution channels are the mediums through which the business entity makes the goods available for the consumers for their consumption. The distribution channels are considered as the mediators which aid the supply chain management system of a business corporation and also help the business entity inn number of ways. These are the helping hands which support the company in making the goods available at right place on right time for the consumers (Armstrong et al., 2014). In case of CSL the medicines or the other medical facilities are essentially required to be consumed on time for getting cure by the patients and the service users. There are varied range of distribution channels which will aid the business entity in making provisions for the consumers and the required one. The following are the examples of some of the distribution channels which can make the products and services available on time at right place. Internet can be considered as the biggest platform or the medium which plays an integral role in the distribution of the products and services. The next are the intermediaries, these are the associated organizations, wholesalers and retailers, logistic companies, and financial institutions. These all are the middle men who can be considered as the indirect distributors of the products and the services (Baxter 2017). Moreover, there are also some direct channels for distribution which comprises of insurance companies, these are the agents which aid in attaining the medical services and products. These all of the above mentioned are the distribution channels which can be proven beneficial for CSL in making provision of the products and the services. These distribution channels aid the business entity in making timely distribution of the required products and services, which increases the satisfaction level of the consumers. A hike in the consumer satisfaction level will bring an automatic increase in the goodwill and brand equity for the firm and which will enable the business entity to sustain in the business environment for a longer time. Moreover, this will also aid the business entity to gain a competitive edge over the rivals (Yoder-Wise, 2014).
The below presented is the comparison of the marketing mix of CSL and Baxter which are considered as the rivals:
Products
CSL has been offering the varied range of medical facilities such as:
Whereas, Baxter expertise in
Prices
The prices for the products of CSL are duffers according to the services and the same is in the case of Baxter.
Place
CSL make use of varied range of distribution channels for making provision of the services and products for the consumers such as indirect and direct channels (Berkowitz, 2016). Whereas, Baxter also make use of contemporary means of distribution.
Promotion
Number of promotional tools is being used by CSL such as promotional events and campaigns are launched, whereas, social media and the other contemporary tools are considered as the relevant tools for promotion in case of Baxter (Buchbinder and Shanks, 2016).
Conclusion
In the limelight of the above executed analysis has been executed that CSL sis the business entity which is a healthcare and services provider. The above executed analysis has been conducted for evaluating the sustainability of the firm in the competitive business environment.
References
Chand, S, 2017, Marketing management: Meaning and importance of marketing management, Explained, Assessed on 19th September 2017,
https://www.yourarticlelibrary.com/marketing/marketing-management-meaning-and-importance-of-marketing-management-explained/25885/.
Sesric, 2017, Distribution health care marketing, Assessed on 21st September 2017, https://www.sesric.org/imgs/news/image/873-presentation-5-2.pdf.
Witcomb, G, 2015, CSl growth to slow as competition rises, Assessed on 21st 2017, https://www.intelligentinvestor.com.au/CSLs-growth-to-slow-as-competition-rises.
Hollensen, S., 2015. Marketing management: A relationship approach. Pearson Education.
Meyerson, M., 2015. Success secrets of the online marketing superstars. Entrepreneur Press.
West, D.C., Ford, J. and Ibrahim, E., 2015. Strategic marketing: creating competitive advantage. Oxford University Press, USA.
Peck, H., Christopher, M., Clark, M. and Payne, A., 2013. Relationship marketing. Taylor & Francis.
Kleinaltenkamp, M., Plinke, W. and Geiger, I., 2016. Business Relationship Management and Marketing. Springer-Verlag Berlin An.
Baker, M.J., 2014. Marketing strategy and management. Palgrave Macmillan.
Chernev, A., 2014. Strategic marketing management. Cerebellum Press.
Foxall, G., 2014. Strategic Marketing Management (RLE Marketing) (Vol. 3). Routledge.
Kotler, P., Keller, K.L., Brady, M., Goodman, M. and Hansen, T., 2016. Marketing management. Pearson Education Ltd..
Sheth, J.N. and Sisodia, R.S., 2015. Does marketing need reform?: Fresh perspectives on the future. Routledge.
Armstrong, G., Adam, S., Denize, S. and Kotler, P., 2014. Principles of marketing. Pearson Australia.
Berkowitz, E.N., 2016. Essentials of health care marketing. Jones & Bartlett Publishers.
Buchbinder, S.B. and Shanks, N.H. eds., 2016. Introduction to health care management. Jones & Bartlett Publishers.
Yoder-Wise, P.S., 2014. Leading and Managing in Nursing-E-Book. Elsevier Health Sciences.
Baxter, 2017, Baxter, Assessed on 21st September 2017, https://www.baxter.in/.
Csl, 2017, Our products areas, Assessed on 21st September 2017, https://www.csl.com.au/products.
Csl, 2017, Our products areas, Assessed on 21st September 2017, https://www.csl.com.au/about.
Csl, 2017, Our products areas, Assessed on 21st September 2017, https://www.csl.com.au/corporate-responsibility.htm
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