Strategy development

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Product

A small medications transparency start-up company, MedSavvy, initially engaged me to develop their marketing plan to sell directly to consumers.


My Role and Execution

  • Onboarding with the innovators. First, I needed to quickly absorb as much as possible from the Director of Innovation, and other analysts, who had done the initial research and justification to help start the company.

  • Market research & competitor analysis. Once I had reviewed the in-house research, and after many meetings with the Director and CEO, I set about refreshing the research on current competitors, sampled their products, and performed SWOT analyses on each competitor.

  • Marketing plan and budget. I considered our product carefully and realistically and then wrote a 12-month DTC marketing plan to differentiate ourselves in the space and reach the D2C audience.

  • Team and stakeholder engagement. Then, I presented the plan to the 20+ team members and the CEO for their input and feedback.


Challenges & Achievements

Challenges

  • Indecision. The startup was owned by a large parent company. Although not involved on a daily basis, we were given different directions - chase that market (such as providers), then told to pull back shortly thereafter.

  • Budget. Initially, we (and I) were expecting a several million dollar budget to promote this web-based product and service to consumers. The budget never came through and the D2C market approach was canceled.

Achievements

  • Leveraged market research in the B2B2C product. Although my marketing plan was intended for the D2C audience, I leveraged what I had learned about our competition. I collaborated with our dedicated team and our UX/UI designer to build a digital medication management product, with innovative features, for the B2B2C market.