using counter-biosimilar messaging to protect your brand

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1 Using counter-biosimilar messaging to protect your brand Mike Mabey & Alex Zhu SKIM: Decision Behavior Specialists

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Page 1: Using Counter-biosimilar Messaging to Protect Your Brand

1

Using counter-biosimilar messaging to protect your brand

Mike Mabey & Alex Zhu

SKIM: Decision Behavior Specialists

Page 2: Using Counter-biosimilar Messaging to Protect Your Brand

Branded biologics are facing biosimilar competition. What should you do differently?

Page 3: Using Counter-biosimilar Messaging to Protect Your Brand

What is counter-biosimilar

messaging?

Page 4: Using Counter-biosimilar Messaging to Protect Your Brand

Does CPG or Telecom face

similar challenges?

Taste and

heritage seekers

“for over 40 years

Breyers has been

bringing families

together.”

Page 5: Using Counter-biosimilar Messaging to Protect Your Brand

However, there are

significant differences

There is a

default option

The goal is

different

Impact of

switching

decision

Page 6: Using Counter-biosimilar Messaging to Protect Your Brand

The goal of counter-

biosimilar messaging

is to increase inertia.

Page 7: Using Counter-biosimilar Messaging to Protect Your Brand

Two message goals

Shift the

adoption curve Buy time for next

gen replacement

Page 8: Using Counter-biosimilar Messaging to Protect Your Brand

Two research goals

Identify messages

that create inertia Measure the

impact of inaction

Page 9: Using Counter-biosimilar Messaging to Protect Your Brand

Our thought process in addressing the challenge.

Page 10: Using Counter-biosimilar Messaging to Protect Your Brand

The key to success is to isolate

the effect of the message

Increase the impact messages have on

prescribing decisions

Page 11: Using Counter-biosimilar Messaging to Protect Your Brand

Take into account the structure

and format of the message

Message

platform

Tagline

Overall

brand

story Claims

Structure

Page 12: Using Counter-biosimilar Messaging to Protect Your Brand

Are the standard tools still relevant

for this messaging research?

Conjoint

Clickable

Qual

Iteration

MaxDiff

Page 13: Using Counter-biosimilar Messaging to Protect Your Brand

Our case study based on a message platform

Page 14: Using Counter-biosimilar Messaging to Protect Your Brand

Three steps

Hybrid

qual

Quantify

the message

preference

Identify key

drivers and

combo

Page 15: Using Counter-biosimilar Messaging to Protect Your Brand

Step 1:

Hybrid Qual

MaxDiff/

Conjoint

Ranking &

rating

Sorting

Page 16: Using Counter-biosimilar Messaging to Protect Your Brand

Step 2: Trade-off exercise

MaxDiff to identify the

winning message on the

primary metrics

Looking into the

supporting metrics to evaluate

the messages

Page 17: Using Counter-biosimilar Messaging to Protect Your Brand

Step 3: Identify drivers and message combo

Clickable exercise to identify

what works and what doesn’t

within the message

TURF analysis to identify the

diminishing point when adding

additional message

Page 18: Using Counter-biosimilar Messaging to Protect Your Brand

How would you measure message success?

Page 19: Using Counter-biosimilar Messaging to Protect Your Brand

Flip your thinking about the

metric end points

Not

prescribing

Waiting

longer

Risk of

switching

Increase

in hesitation

Why didn’t

hesitate

Credibility &

Believability

Reducing

early adopters

Size of non-

prescribers

Page 20: Using Counter-biosimilar Messaging to Protect Your Brand

Impact

The size of non-prescribers

is doubled

The average wait time

before adopting biosimilar

increases by 25%

Page 21: Using Counter-biosimilar Messaging to Protect Your Brand

How does this apply to my brand?

Page 22: Using Counter-biosimilar Messaging to Protect Your Brand

Perspective matters: the conversation changes

Page 23: Using Counter-biosimilar Messaging to Protect Your Brand

Three key takeaways

Understand

your goals

Change your

perspective

Get the

metrics right