Product Strategy Pricing and Distribution
Marketing information is critical throughout the product life cycle. The marketing function also plays an essential role in determining pricing and distribution for products or services.
Prepare for this Application Assignment as follows:
This weeks media segment Strategic Planning in Action: Good Samaritan Hospital of Maryland presents some information on the marketing decisions made for the JointExperience and The Spine Center at that hospital. Consider how the information presented in this media segment relates to the concepts and ideas presented in the course text as well as last week’s media segment.
With this in mind select a specific health care product or service of interest to you. For instance you may choose an over the counter medication medical device or specialty care within a health care organization. If you would like you may use the same product or service you selected for the Discussion.
Research the product or service you have selected using the Internet and the Walden Library. Analyze your selected example in terms of concepts related to:
Product strategy including the product life cycle and branding (Chapter 8 ofEssentials of Health Care Marketing)
Price (Chapter 9 ofEssentials of Health Care Marketing)
Distribution (Chapter 10 ofEssentials of Health Care Marketing)
Also analyze the connection between these aspects of marketing and strategic planning. Why is it important for these elements of marketing efforts to be tied to a strategic plan?
As you formulate your analysis be sure to include insights from this week’s Discussion various Learning Resources and your own research. You should identify at least two journal or news articles that further your understanding of these concepts and how they apply to the product/service you have selected.
Then write a 2-page paper that addresses the following:
Analyze your selected example of a health care product or service in terms of product strategy (including product life cycle and branding) price and distribution. Include references to two or more outside resources that further your understanding of these concepts and their application for this product/service. Make note of any information that would be helpful for your analysis but is not available.
Your written assignments must follow APA guidelines. Be sure to support your work with specific citations from this weeks Learning Resources and additional scholarly sources as appropriate. Refer to theEssential Guide to APA Style for Ashford Studentsto ensure your in-text citations and reference list are correct.