A large pharmaceutical client launched an Rx product into a very competitive over-the-counter market. They struggled with their point of difference, positioning, and understanding their competitive context, and were also challenged with a weak dynamic between global and local teams and agencies.
We created a two-day Competitive Scenario Workshop that pulled together their global and local brand teams as well as agencies. It included competitive immersion planning, which produced a competitive assessment, competitor SWOT analysis, strategy plan, effort priorities, defense strategy, and defined counter effort priorities. For the first day, teams were given a competitive brand to fully immerse in and uncover most likely strategies and approaches. On day two, they went back into current company roles with the competitor strategy knowledge to refine their own plans.
Understand where your company is in terms of competition, from researching if there are customers for your product to determining if you’re winning your marketplace.