Professional Documents
Culture Documents
MEDICINMAN
June 2015 | www.medicinman.net
Since 2011
EDITORIAL
WHAT ABOUT
INDIAN PHARMA?
The snake which cannot cast its skin has to die. - Friedrich Nietzsche
Editorial
CONTENTS
MedicinMan Volume 5 Issue 6 | June 2015
(Click to navigate)
1. Seven Sutras to Kick Start Your Product
Management Career...............................................6
Small steps to make the big leap from field sales to
product management.
Anup Soans
CEO
Chhaya Sankath
Chief Mentor
Soham Wagh
K. Hariram
Editorial Board
Executive Editor
Joshua Soans
Dr Rajshri Jobanputra
3. Brilliant Basics...................................................12
Revisiting the basics of sales success.
K. Hariram
4. Brand Building: Beneath the Iceberg .............14
The real power of a brand comes from the
intangible values associated with it such as warmth,
concern, and sentimentality.
Vivek Hattangadi
5. Delivery Boy to Company President ..............19
The Success Story of Rashesh Patel - President,
Corona Remedies
Rashesh Patel
5. The Abilene Paradox ........................................21
The Inability to Manage Agreement
Vivek Hattangadi
Susan Josi , Managing Partner ,Sorento Healthcare , receiving the Distinguished Alumnus AwardEntrepreneur, from the Director (Vice Chancellor) of ICT , Professor G.D.Yadav on 11th May 2015
Soham Wagh
1. DEVELOP AN UNDERSTANDING OF
GROWTH LEVERS, STRATEGY AND ACTIVITIES
THOROUGHLY
Soham Wagh | 7 Sutras for Moving from Field Sales to Product Management
GET YOUR
PHARMA CAREER
OFF TO A FLYING START!
CAREER
PROGRESSION
RESOURCES
NOW AVAILABLE ON
(click on the books to purchase on
flipkart)
4 QUESTIONS EVERY
LEARNING & DEVELOPMENT
PROFESSIONAL SHOULD ASK
Adopting Chan Kim and Rene Mauborgnes ERRC framework (Eliminate,
Reduce, Raise and Create) to create real value for learners.
Dr Rajshri Jobanputra
Question 4: What are some of the factors / elements that your customers have never experienced
before / will be a new source of value for your non
customer? (Create them)
Dr Rajshri Jobanputra | 4 Questions Every Learning & Development Professional Should Ask
REDUCE
ELIMINATE
1. Boredom
2. Lecturing
3. Physical classroom presence
4. Passive learning
RAISE
CREATE
Dr Rajshri Jobanputra | 4 Questions Every Learning & Development Professional Should Ask
BRILLIANT BASICS
Revisiting the basics of sales success
K. Hariram
How often have we heard this from the CEO or the Sales
Head of a pharma company?
Let us do these numbers now or this month or this year.
Do it at any cost. Next year we will see next year or let us
cross the bridge when it comes.
Given the push approach to sales in many pharma companies, surviving the short term with a few quick bonus
offers, borrowing from next month/quarter/year or
pushing new products to show inflated sales is an often
repeated trick.
Yes, you become the EK DIN KA SULTAN. However, these
oft repeated tricks (tactics) do very little to secure consistency and predictability in sales growth.
How do we come out of this? Revisit the sales fundamentals.
1. The selling process has to be established with proper
systems/processes.
2. More importantly, it has to be embraced by one and
all, more so at the top.
K. Hariram is the former MD (retd.) at
Galderma India.
He is Chief Mentor at MedicinMan and a
regular contributor. khariram25@yahoo.com
12 | MedicinMan June 2015
BRAND BUILDING:
BENEATH THE
ICEBERG
The real power of a brand comes from the intangible
values associated with it such as warmth, concern, and
sentimentality.
Vivek Hattangadi
Brand loyalty
Perceived quality
Brand associations
Suppose are positioning your brand Omepraz (omeprazole) in acid-peptic disorders. Are you getting prescriptions of Omepraz in acid-peptic disorders? Or are you
getting prescriptions in NSAID-induced gastritis? If the
latter is true then the perceptual response of Omepraz
is weak.
Bibliography
1. Kapferer Jean-Noel. Strategic Brand Management:
Creating and Sustaining Brand Equity Long Term.
Kogan Page Ltd. London (1997)
2. Geller, L. Why Does My Dog Win at Social Media? In
http://www.joyofdirectmarketing.com
3. Ogilvy David. Ogilvy on Advertising. Random House,
New York (1985)
Available on Flipkart
(click to purchase)
DELIVERY BOY
TO COMPANY
PRESIDENT
Rashesh Patel
I cant change the direction of the wind, but I can always
adjust my sails to reach my destination -- Jimmy Dean
As president of Corona Remedies, one of the fastest growing
pharma companies, Rashesh Patel leads a team of young
and dedicated professionals. But, the journey to success has
not been rosy.
During his tenure, Corona Remedies was awarded the prestigious Emerging Company of the Year 2014 award at the
AIOCD AWACS Marketing Excellence Awards function.
When asked about his success, he modestly says, I took care
of Time and Time took care of Me. - Editor
-19th April, 1983, Mumbai.
It was a routine lazy morning for thousands of 18 years
old. After an overnight revision and last-minute frantic
preparation they were getting ready for their final examination.
But it was very different for me. Living at the Ashok
Samrat Society, Walkeshwar, one of the swankiest areas
of Mumbai, I stepped out of my home with a heavy heart
and suppressed tears.
E
THE ABILENE PARADOX THE INABILITY TO MANAGE AGREEMENT
On my birthday a couple of years back, I wanted to take
my family out for dinner. I asked my wife where we can
go. Knowing that I like Gujarati food, she immediately
said: Lets go to Agashiye -The Terrace Restaurant.
Decisions are taken which do not conform to the real understanding of problems. This is because people do not
want to take stress and anxiety by differing with the boss,
even if their own viewpoint is logical and superior.
Often, a senior manager with excellence in communication skills may cause this to happen. The oration is so
convincing and his personality driving, voices of dissent
get silenced. He may present his case so forcefully, that
rather than be conspicuously different people decide to
just go along with it. They are avoiding the anxiety of
voicing a different viewpoint. This can lead to dangerous
situations. Managers will continue to say `Yes when they
want to say `No for the fear of being isolated or labeled
as a rebel.
This paradox can be preempted by true and authentic
leadership. It requires a leader with a different caliber
and courage to lead such a group into a different direction, where non-conformity is not acceptable. Such a
leader will confront the group and even the person who
throws the original idea, with what they have already
agreed upon. This true leader will make people forget the
previously agreed upon facts. Bringing these up causes
people to reconsider, and could render the change in
direction needed for a turnaround.
A young manager, who truly wants to make a mark,
should have the courage to stand up and speak what he
senses as correct. In fact by doing this, he is respecting
himself and is telling the world that he is a significant
person.
Robert Frost wrote:
Two roads diverged in a wood, and I
I took the one less traveled by,
And that has made all the difference.
The path less traveled is one the one which requires
courage to say No when it is required to say No.
Most of the great cultural shifts ones that have built
great organizations that sustain long-term growth, prosperity and contribution to the world started with the
choice of one person.2 - Prof. Vivek Hattangadi