Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The safe drug for all. Our group chose Crocin, a product of SmithKline Beecham as a subject for market research. Of late, Crocin, an Over

The safe drug for all. Our group chose Crocin, a product of SmithKline Beecham as
a subject for market research. Of late, Crocin, an Over-the-Counter (OTC) drug, has
been advertising on television. The company claims that sales of Crocin have
increased by 10% due to the advertising.
On the other hand, there have also been concerns among some that advertisements
for drugs such as Crocin have a tendency to promote self-medication, and this is a
cause for worry, especially among the medical community. There have also been
concerns, that such commercials may affect the prescription style of doctors. The
general feeling is that doctors have, in fact, stopped prescribing Crocin after the
widespread airing of the commercial.
Keeping in mind these diverse views, a market research was conducted in order to
get a fair idea about the general effect that the commercials for Crocin has had on its
sales. This is the primary objective of this research.
Research Objectives
The objectives of our study are as follows:
The primary objective of our research was to study the impact of Crocin
commercials on the sale of Crocin. The company had claimed that the sales
of Crocin had increased by l0% after the advertisement. We wanted to test this
claim at least within our sample in the Harihar and Davangere region.
Another major focus of the study was to glean if the commercial for Crocin
had in any way affected the consumer and/ or the influencer (i.e. the doctor)
and/or the distribution channel (i.e. the chemist)
We wanted to study if the commercial for Crocin had in any way encouraged
self-medication.
Methodology
The basic methodology that we followed was the questionnaire method. To serve
our purposes, we designed three separate questionnaires for the consumer, the
retailer (i.e. the chemist), and the doctor. Each questionnaire was designed in a
manner so as to gain the maximum relevant information from the respondent taking
minimum of their time. The questionnaires that were designed are presented below:
Apart from the questionnaire method, we also tried to gather primary information
through informal conversations with the respondents, especially the doctors and the
chemists.
The market research was carried out in the towns of Harihar and Davangere. We
attempted to cover as wide an area as possible, and we were successful to a great
extent.
Sample Composition
Our sample comprised three categories of respondents:
1. Doctors
2. Chemists/Retailers
3. Consumers
Sample size: Our sample size for survey comprised 35 persons, the break up being as under:
Doctors (from Davangere)15
Chemists (from Davangere and Harihar)10
Consumers (from Davangere)10
Experiences and Difficulties Faced in the Field
The market research that we conducted provided us an excellent opportunity to
implement all that we had learnt in our class room sessions in the practical outfield.
After having designed the questionnaire and having made a few minor changes, we
were ready to go out into the field to carry out the survey. As mentioned earlier, we
covered the Harihar and Davangere areas during our research. We found that the
respondents were very forthcoming and cooperated with us for the most part.
Nonetheless, we did face a few minor problems while conducting the survey. These
are as under:
LANGUAGE PROBLEM: One of the main problems faced was the language.
Communication posed to be a problem in some cases, we were mistaken to be
sellers of Crocin! However, we were able to overcome the communication
problem to some extent as one of the group members was relatively
conversant in Kannada.
SAMPLE: While conducting the survey among consumers, we found that the
locality that we were visiting was mainly inhabited by doctors. This maybe
because Davangere is home to a very large medical community. However,
this problem was solved by conducting the survey in a totally different area
of Davangere.
LIMITATION: In the opinion of our group, the sample taken for the study is
too small and not representative enough to draw very relevant conclusions that
may hold good in the larger scheme of things. This, we feel, is a major
limitation of the study.
NEW DOSAGE FORM: SmithKline Beecham has introduced a new dosage
form for paracetomol (Crocin-1000 mg tablet) used in cases of Osteo
Arthiritis. This dosage form is a prescription drug. However, our focus was
only on the 500 mg dosage of Crocin which is a Non-Steroidal Anti
Inflammatory Drug (NSAID), used as an antipyretic and in some cases an
analgesic. This limited the scope of our study.
Analysis
Our survey comprises three different questionnaires for the three different
categories of respondents.
Therefore, our analysis is also divided into three distinct parts, which we briefly
present here:
Doctors Questionnaire
While analysing the data collected from the doctors, we basically
identified three important questions:
1. What is thThe safe drug for all. Our group chose Crocin, a product of SmithKline Beecham asThe safe drug for all. Our group chose Crocin, a product of SmithKline Beecham asThe safe drug for all. Our group chose Crocin, a product of SmithKline Beecham asThe safe drug for all. Our group chose Crocin, a product of SmithKline Beecham asThe safe drug for all. Our group chose Crocin, a product of SmithKline Beecham asThe safe drug for all. Our group chose Crocin, a product of SmithKline Beecham asThe safe drug for all. Our group chose Crocin, a product of SmithKline Beecham asThe safe drug for all. Our group chose Crocin, a product of SmithKline Beecham asThe safe drug for all. Our group chose Crocin, a product of SmithKline Beecham asThe safe drug for all. Our group chose Crocin, a product of SmithKline Beecham asThe safe drug for all. Our group chose Crocin, a product of SmithKline Beecham asThe safe drug for all. Our group chose Crocin, a product of SmithKline Beecham asThe safe drug for all. Our group chose Crocin, a product of SmithKline Beecham asThe safe drug for all. Our group chose Crocin, a product of SmithKline Beecham asThe safe drug for all. Our group chose Crocin, a product of SmithKline Beecham asThe safe drug for all. Our group chose Crocin, a product of SmithKline Beecham as

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project Management in Practice

Authors: Samuel J. Mantel Jr., Jack R. Meredith, Sco

4th edition

470533013, 978-0470533017

More Books

Students also viewed these General Management questions