When bad things happen to good marketers of pharma products or devices, it can be devastating: immediate loss of sales, potential lawsuits, confusion in the marketplace and loss of market share.
Similarly, when bad things happen to the competitors of good marketers of pharma products, hesitation can mean lost opportunity.
Time and again, marketers who react quickly weather setbacks — or exploit sudden opportunity — better than those who don't.
When a Sudden Marketing Event affects a single product, early intervention can prevent the crisis from spreading to other products in the class. When an entire class of products is at risk, a rapid but insightful campaign can limit harm, or maximize opportunity for competitive products.
It takes insight, decisiveness, creativity and flawless execution under pressure.
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