sheila burns 10+ years at promega integration of pierce into fisher scientific; vp of marketing for...

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SHEILA BURNS

• 10+ years at Promega

• Integration of Pierce into Fisher Scientific; VP of marketing for Pierce, Endogen, HyClone, Mimotopes, Dharmacon, Abgene

• Integration of Ambion into AB; AB into LIFE

• Marketing integration lead – AB

• Strategic plan leader for AB

• VP marketing, molecular biology division

• Created Luminex strategic plan and developed robust product pipeline

HEATH JACKSON THOMAS

• Creative Director, Life Technologies-Lead 19 designers and illustrators-Managed brand ID for multiple sub-brands

• Design Director, Applied Biosystems-Designed brand ID for consumables products-Managed internal design group/external agencies

• Brand Manager, Luminex Corporation-Brand audit, brand ID refresh-Company-wide brand training and orientation

© Building 12 Communications, LLC 2014

THE LINE BETWEEN LIFE SCIENCE RESEARCH & DIAGNOSTICS HAS BLURRED

© Building 12 Communications, LLC 2014

THE LINE BETWEEN LIFE SCIENCE RESEARCH AND DIAGNSOTICS HAS BLURREDRESEARCH PRODUCTS SHOULD HAVE A PATH TO DIAGNOSTICS

Basic Research

Clinical Research

Translational Research

Diagnostic Test

Companion Diagnostic Test

Research Diagnostics Treatment

Validation• Pre-clinical and

clinical trials – Pharma, CROs,

• Virtual CROs• Academic

Medical Centers

Bench to Bedside•Applied research•Clinical Trials

Test• CLIA labs• Hospital labs• Large

reference labs

Treatment Decision• Hospital labs• Physician

Office (POC)

Discovery• LSR labs –

Academic and Gov’t

• Pharma R & D labs

> > > >

© Building 12 Communications, LLC 2014

CHALLENGES FACING LIFE SCIENCE MARKETERS

Regulatory

GlobalDifferences

MarketingBudget Cuts

eMarketing

Reimbursement

FederalFunding

CompetitiveLandscape

R&D BudgetCuts

LogisticsMergers and Acquisitions

Partner FocusAccess to Patient Samples

DO YOU HAVE A

SUSTAINABLE

COMPETITIVE ADVANTAGE?

© Building 12 Communications, LLC 2014

THINK PLANMarket Assessment

Value

Proposition

Corporate Capability

Product Suite or Stand-Alone

Positioning

Channel

Messaging

Product Features

Customer Benefits

Adoption Rate - Forecast

Customer Communication

Customer Care-Tech Support-Customer Service

Focus

ACT

MEASURE MEASURE MEASURE

© Building 12 Communications, LLC 2014

“Hope is not a strategy”— RICK PAGE

© Building 12 Communications, LLC 2014

PRACTICE LONG TERM STRATEGIC PLANNING

COMPETITIVE CHESS GAME

-Map the current landscape-Predict the “next moves” of your opponent

RESEARCH TO DIAGNOSTICS

-Is there a path to the clinic?-Is there a clear reimbursement strategy?-What is the current patent situation?

“HEAR” THE VOICE OF CUSTOMER

-Industry forums, focus groups and on-site lab meetings/observation-Think about what would provide more value (product suites, technical training, software, etc.)

PROVIDE TRUE INNOVATION

-Incremental improvements are not enough-Uncover unmet needs; solve real problems -Reveal your product pipeline-If you build it, they won’t necessarily come!

© Building 12 Communications, LLC 2014

THINK – HOW DO YOU WANT TO BE PERCEIVED IN THE MARKETPLACE?

“Positioning is an art. Great positioning tells a compelling, attention grabbing story – a story that resonates with your audience.”

— REBEL BROWN

© Building 12 Communications, LLC 2014

THINK – HOW DO YOU WANT TO BE PERCEIVED IN THE MARKETPLACE?

•Position your brand; position your product–Your brand is not your logo

•Complete this sentence:– Convince Who (Target) that (Offering Name) is the (Competitive Statement)

Which Can Deliver (Benefits) Because (Why) © 2011, Impact Planning Group

•Anticipate future moves•Know the patent landscape

© Building 12 Communications, LLC 2014

THINK – GET CLOSER TO THE CUSTOMER

ALLOCATE TIME TO TALK TO CUSTOMERS–Make a date to get out in the field and immerse yourself in the customer’s world

CAPTURE CUSTOMER REQUIREMENTS IN WRITING–This aligns all stakeholders–Ensures the product you envision is the product that is delivered–Documented VOC

© Building 12 Communications, LLC 2014

THINK – PROVIDE TRUE INNOVATION INCREMENTAL IMPROVEMENTS ARE NOT ENOUGH

FOCUS ON OFFERING AS COMPLETE A SOLUTION AS POSSIBLE–Value-based product suites –Robust hardware and/or software–24/7 technical support and service–Intuitive, easy to navigate web site with updated technical content–Bundling for cost optimization or increased efficiency

MAKE THE PIPELINE VISIBLE–Build confidence in the future of your brand

KNOW WHEN TO STOP ITERATING–Launch the product!

© Building 12 Communications, LLC 2014

CUSTOMER NEED 1

CUSTOMER NEED 2

CUSTOMER NEED 3

CUSTOMER NEED 4

FEATURE 1

FEATURE 2

FEATURE 3

FEATURE 4

THINK – USE VISUALS TO COMMUNICATE QUALITATIVE INFORMATION

© Building 12 Communications, LLC 2014

PLAN –THE TREE SWING; ILLUSTRATES THE NEED FOR A CUSTOMER REQUIREMENTS DOCUMENT

paragoninnovations.com/guide.shtml

© Building 12 Communications, LLC 2014

PLAN – DEVELOP A ROBUST CUSTOMER REQUIREMENTS DOCUMENT

      REQUIREMENT MUST HAVE REQUIREMENT DESIRED OWNER STATUS

Executive Summary                  Fit with company strategy                  Projected Timeline to Completion                  Projected 5 Year Revenue                                     Customer Requirements                

Intended Use                Competitive Landscape                Target Market                Key Product Features                Cost and Pricing                User Workflow                

               

Solidifying must-havesprovide alignment and progress tracking

© Building 12 Communications, LLC 2014

PLAN –BE REALISTIC ABOUT THE MARKET SIZE AND CAPTURE RATE

TOTAL MARKET

REVENUE

© Building 12 Communications, LLC 2014

PLAN – KNOW WHAT LEVERS CAN YOU PULL

© Building 12 Communications, LLC 2014

PLAN – KNOW WHAT LEVERS CAN YOU PULL

© Building 12 Communications, LLC 2014

PLAN – KNOW WHAT LEVERS CAN YOU PULL KNOW WHAT YOU HAVE IN YOUR ARSENAL

EASE OF USE

PLATFORM COST

TIME TO RESULT

TECHNICAL EXCELLENCE

© Building 12 Communications, LLC 2014

PLAN –GET THE MESSAGE OUT! TARGET SCIENTIFIC HOT SPOTS

CUSTOMER

FOR THE LIFE SCIENCES,

TARGET WORD OF MOUTH AND SELF SERVICE CHANNELS (E.G. WEB)

© Building 12 Communications, LLC 2014

PLAN – MAKE SURE YOUR VALUE PROPOSITION AND MESSAGE ARE ALIGNED

• Be consistent in each segment • Make sure your message resonates with your customer

base– Focus Groups– Beta Tests– Limited Launch

FOR EXAMPLE,

how sensitive is sensitive enough?

© Building 12 Communications, LLC 2014

ACT – CREATE A CUSTOMER ADVISORY BOARD

Use very specific criteria ensuring all are potential customers or buying influencers

PRESTIGIOUS

INSTITUTION

KEY OPINION LEADER

LARGE USER

GLOBAL INFLUENCE

WORD OF MOUTH MARKETING

© Building 12 Communications, LLC 2014

ACT – CHOOSE YOUR CHANNEL STRATEGY

DIRECT SALES

DISTRIBUTION

• Hire the best; faster, better return• Support the field with tools• Get real time, direct customer feedback

• Make sure you understand what you’re getting• Face time with sales• Marketing costs/expectations• Dual payments

© Building 12 Communications, LLC 2014

ACT – PROVIDE QUALIFIED LEADS BASED ON TARGETED CAMPAIGNS

ADD AN INBOUND MARKETING TOOL TO DRAW LEADS TO THE BRAND

Source: HubSpot Home Page

© Building 12 Communications, LLC 2014

MEASURE AND PROVIDE VISIBILITY TO LEAD FUNNEL

Source: HubSpot Home Page

Blogging, SEO, Social Media, PPC, Keywords

Landing Pages, Offers, CTA’s, Forms

Lead Nurture, Email, Workflows, Lead Mgt

Research Mode

Ready to Buy

InterestedBuyers

© Building 12 Communications, LLC 2014

ACT – FORM A CORE TEAM AND TAKE ADVANTAGE OF THEIR INFLUENCE AND EXPERTISE

• All core members have skin-in-the-game• Ensure you have the know-how you need

– Regulatory– Reimbursement– Quality– Sales– Project Management– Finance– R&D– Manufacturing

• Meet weekly, update commercialization plan• Have monthly commercialization reviews

© Building 12 Communications, LLC 2014

• Use data to develop the right product for the right customer available at the right time– A customer requirements document is a “must have”

• Start with the end in mind – What is the product path? • Ensure the value proposition matches the offering

– Walk the talk

• Measure and adjust your levers• Stay focused and on track with a strong core team• Show progress via a dashboard• Design a go-to-market strategy that is targeted, dynamic and flexible

THINK PLAN ACT

© Building 12 Communications, LLC 2014

THANK YOU