The catalyst for successful decision making in the life sciences industry www.kantarhealth.com Kantar Health offers tailored solutions to help you achieve effectiveness in today’s diverse stakeholder environment Kantar Health Stakeholder Effectiveness www.kantarhealth.com Engaging the right stakeholders with the right messages via the right channels The days of achieving high-volume sales simply by exposing your brand to PCPs are over. To achieve true innovation, you need to identify key influencers in patient, HCP, payer and other key groups, and engage them with messages that appeal via channels they are comfortable using. Figure A. Rate of the Changing Commercial Model Classic measures of sales and share become less relevant as the sole measure, as building relationships with the key players in the new Stakeholder Ecosystem (see Figure C) and retaining those stakeholders becomes more important. But how can you segment the different groups effectively when the dividing lines between payers, HCPs and patients are often blurred and, in many cases, non-existent? Source: Kantar Health 2011 Commercial Model Also, a new set of validated metrics is needed Webinar Registration Questions to measure success, but should those metrics be measuring satisfaction, loyalty or customer Figure B. Relevance of Sales and Share as a Metric Diminishes retention, and how should you tackle online communication? Our Solution: Stakeholder Effectiveness Targeting stakeholders effectively and tracking retention We can offer you tailored data and consultancy-driven solutions for your particular sales and marketing challenges. Our solutions, which can be delivered via a state-of-the-art Stakeholder Effectiveness Dashboard, are based around the following methodologies: • TRI*M, a validated stakeholder satisfaction measurement tool with benchmarks, is already used to measure sales and marketing success by 1,600+ clients globally including all of the top 10 leading pharmaceutical companies. • Digital Life Health, the largest and most comprehensive worldwide study of digital consumers in the healthcare world, helps you establish a granular segmentation of your key stakeholders and understand their online/offline communication preferences. This solution enables you to be truly effective in your stakeholder relationships by measuring success via analytics delivered to your desktop or mobile. Figure C. Kantar Health/Sudler Stakeholder Ecosystem Kantar Health Stakeholder Effectiveness, by Mark Sales, Head of Global Brand & Stakeholder Management – March 2012 2 www.kantarhealth.com Benchmarking Effectiveness -- Our Annual Stakeholder Effectiveness Survey The 2011 results revealed that over two-thirds As a value-add to our Stakeholder retention is a key performance measure. These Effectiveness Dashboard, we can also deliver results show a dramatic shift since the initial benchmarks to you centering on the findings of survey in 2009, when 98% of respondents a yearly stakeholder reputation’ survey. Each said traditional sales were the sole measure year we talk to stakeholders in key regions of success and few multi-stakeholder (US, 5EU, BRIC) to establish their motivations engagement programs were in place. 40% of and opinions, communication preferences and the 500-plus respondents from leading pharma find out more about their healthcare systems. companies said that while sales are still a way Figure E. Digital Life Segments of respondents from leading companies in the pharmaceutical sector think that customer to measure reps, they should not be the only measure and that companies should look at the impact of other programs that often work better for time-pressured PCPs. Interestingly, those with responsibility for Latin America saw the largest shift in attitude, closely followed by those covering European territories. To find out more about the results of the 2011 survey and out digital dashboard delivery system, contact Mark Sales. Figure D. Stakeholder Management Dashboard: Understanding Your TRI*M Typology by Digital Life Health Segment Kantar Health Stakeholder Effectiveness, by Mark Sales, Head of Global Brand & Stakeholder Management – March 2012 3 The catalyst for successful decision making in the life sciences industry www.kantarhealth.com Kantar Health Stakeholder Effectiveness Visit http://kantarhealth.com/blog/mark-sales Mark Sales Head of Global Brand & Stakeholder Management Kantar Health T: +44 1372825974 M: +44 795 8046616 E: [email protected] Join the catalytic conversation