Pharma marketing organisations are facing two major challenges as they aim to implement customer-centric strategies. The first one is the need to understand customer preferences to drive personalization strategies.
And the second one is the need to leverage cloud-based computing. Adopt the right business processes to deploy personalization strategies in the marketplace.
Agile marketing solutions, which help organizations solve complex business and technology. Problems to deliver iterative value to customers, are being tested to address these challenges. The Agile model’s iterative, data driven framework often conflicts with a linear marketing approach throughout the campaign’s life cycle.
Here’s the comparison of various marketing stages and challenges. How they’re handled through the traditional approach versus the agile marketing approach:
Developing a Marketing Strategy
The conventional method of marketing involves distributing advertising funds based on the performance of individual channels from the previous year. This approach places more emphasis on channel performance than on the customer experience.
By utilising pharma analytics and customer data to inform key decisions. Brands can craft a seamless cross-channel experience for their customers. The planning process of pharmaceutical commercial strategy begins with defining customer-centred goals and budgeting resources accordingly for each segment-level strategy. Marketers transition from a lengthy research process to create the “perfect” product to continuously refining. Improving personalised solutions through an iterative process.
Building the tactical marketing plan:
Choosing conventional pharmaceutical consulting and marketing methods leads to the creation of channel-specific content without considering the customer’s preferences. Furthermore, the technology used for marketing is frequently fragmented and operates independently, lacking integration and automation.
With an Agile approach, campaigns are devised with a comprehensive customer-centric strategy. A clear plan that seamlessly integrates tools from initiation to execution. The focus is on prioritising initiatives that bring the highest value to customers. While balancing the effort required to carry them out.
Deploying the marketing plan:
The conventional marketing approach emphasises a data-driven implementation method. Where each tactic is executed in the market according to an internal set date. Disregarding customer requirements or needs for the content. Furthermore, this approach is very hands-on. With few marketers having a complete understanding of the steps required for a successful marketing tactic launch. Leading to unforeseen delays in the launch schedule.
In contrast, an Agile model places the focus of the brand team the quick implementation and learning from in-market trials. As a result, the brand team is equipped to adjust marketing operations execution in real-time, based on in-market data insights. By restructuring the organisation with a customer-first approach, execution obstacles are reduced or eliminated.
Measure and learn:
In the traditional marketing approach. Most of the measurement is centred on evaluating individual tactics such as email open rates in comparison to industry standards. Website engagement time, etc. However, these reports are often filled with numerous figures which can make it challenging. Brand teams to comprehend and act upon the insights generated.
In contrast, Agile teams concentrate on delivering data-driven. Customer-focused insights that aid marketers in keeping their objectives clear. To learn from customer behaviours and effectively cater to their requirements.
Optimization:
Reports that are channel-focused and filled with numerical data often prove challenging for marketing teams. to comprehend and act upon, resulting in yearly repetition of similar promotion plans with only slight variations. However, Agile teams facilitate real-time customer engagement through continuous market research and analytics, connecting brand strategy directly to digital implementation and allowing for immediate optimization through Agile methodologies.
The Agile model helps its clients with aligning their vision by offering its services in various areas such as biotech, pharma consultation, analytics, data churning and commercial strategy. The brand adopts an agile methodology that emphasises transparency, inspection, and adaptation to meet the needs of its clients.
Transparency – is at the core of the Agile methodology, where cross-functional teams are brought together to connect the dots across verticals. The recurring meetings, known as “sprint reviews,” provide visibility into the team’s progress towards a predefined goal, and the key learnings after that goal is reached. These ceremonies establish an ongoing two-way dialogue between the teams and the clients, ensuring that the momentum is maintained while keeping the goal of customer value in mind.
Inspection
Inspection is another key aspect of Agile approach. The brand helps marketing teams build customer experiences with concrete learning and measurement goals in mind. Especially during the brand planning process. Agile enables marketing organisations to shift from an annual. Month-long activity of strategizing based on gut feeling to an iterative, strategic approach that leverages real-time data. As a result, data-driven decisions become the centre of all planning activities, leading to better customer experiences.
System change: The path to customer centricity
In conclusion, marketing leaders who set up the Agile model in pursuit of success for the organizations. Will also be required to develop a customer centric team with customer centric mindset. The use of data analytics in the pharmaceutical industry not only changes the mindset of top management. But the entire marketing team who uses these tools and data in a smarter way.
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