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Thinking Cap
BU7255 MARKETING IN DIGITAL CONTEXT
NOV 10, 2016
Survey for the type of person taking medicines
in Unites States
Reason why people forget to take medicines
in United States
Forgetfulness
Side effects
Travelling
Others
Quick Overview
 Company’s brief summary (Abbott)
 About Thinking Cap
 Segmentation Persona
 Innovation-mediated cycle
 How does Thinking Cap work?
 Outline
 What if someone miss to see light glow?
 How to refill the pill bottle
 Conclusion
Abbott’s brief Summary
Strength:
One of the biggest pharmaceutical company (135th in fortune 500)
Weakness:
Had a significant debt around 7.8 billion by the subsequent M&A (in Dec. 2014)
Opportunity:
Strategically shifting their market from developed to developing countries
Threat:
Risk of the emerging generic drugs after the expiration of their branded drugs
About Thinking Cap
 Thinking Cap is an innovation from internet of things
 Thinking Cap uses android and apple platform
 Application will easily available on play (App) store
 This is actually a small pill bottle with glowing lamp on it
 Thinking Cap is a device which needs continuous internet
Segmentation (Persona)
Developed Nation Business Class:
Aged: 30-50 Income: 40K-50K Occupation: Professional
Psychographic: Health Conscious, frequent traveller for job & private
Developing Nation Business Class:
Aged: 30-50 Income: 35K-50K Occupation: Professional
Psychographic: Health Conscious, Busy worker difficult to seek time
Developed Nation Retired Men/ Women
Aged: 50 above Income: ailments / saving Occupation: Retired
Psychographic: Health Conscious, frequently forget to take medicine
Innovation-mediated Cycle
How does Thinking Caps Work?
>Outline
Doctor feeds
information in
the app
Patients switches off the
glow with the app
Patient
request for
the refill
Pharmacist
delivers the
medicine at
home
How does Thinking Caps Work?
>What if someone miss to see light glow?
Musical sound
reminder
Automatic System
call your phone
Doctor calling family member
How does Thinking Caps Work?
>How to refill the pill bottle
Refilling is Simple & Easy
 By pressing the push button under the
thinking cap
 By pressing the refill button in mobile
app
Conclusion
Major Problems
 Forget to take medicines on time
 Risk of overdosing / underdoing
 Troublesome refilling process
 Risk of unexpected second effect
 Waiting for a long queue in clinic
Solution by Thinking Cap
 Secured intake at proper time
 Appropriate dose of medicines
 Easy to purchase via online
 Constant consultation with doctor
 Saving time via online counselling
References
 2015 Abbott Annual Report
http://www.abbottinvestor.com/phoenix.zhtml?
 WikiPedia: Abbott Laboratories
https://en.wikipedia.org/wiki/Abbott_Laboratories
 Abbott Laboratories SWOT Analysis: MarketLine
PUBLICATION DATE: 11 Dec 2015 / REFERENCE CODE: 43227671
 Global Pharmaceuticals: MarketLine
Publication Date: December 2015 / Reference Code: 0199-0372
 To understand the Value Proposition
http://www.pmlive.com/pharma_news/value_proposition_3
609
 Understand the Value Proposition from the perspective o
pharmaceutical company
http://www.zsassociates.com/publications/whitepapers
 To see the Thinking Cap features
http://quantifiedself.com/guide/tools/430/Vitality+GlowCap
Thank You

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Thinking Caps_A need of an Hour

  • 1. Thinking Cap BU7255 MARKETING IN DIGITAL CONTEXT NOV 10, 2016
  • 2. Survey for the type of person taking medicines in Unites States
  • 3. Reason why people forget to take medicines in United States Forgetfulness Side effects Travelling Others
  • 4. Quick Overview  Company’s brief summary (Abbott)  About Thinking Cap  Segmentation Persona  Innovation-mediated cycle  How does Thinking Cap work?  Outline  What if someone miss to see light glow?  How to refill the pill bottle  Conclusion
  • 5. Abbott’s brief Summary Strength: One of the biggest pharmaceutical company (135th in fortune 500) Weakness: Had a significant debt around 7.8 billion by the subsequent M&A (in Dec. 2014) Opportunity: Strategically shifting their market from developed to developing countries Threat: Risk of the emerging generic drugs after the expiration of their branded drugs
  • 6. About Thinking Cap  Thinking Cap is an innovation from internet of things  Thinking Cap uses android and apple platform  Application will easily available on play (App) store  This is actually a small pill bottle with glowing lamp on it  Thinking Cap is a device which needs continuous internet
  • 7. Segmentation (Persona) Developed Nation Business Class: Aged: 30-50 Income: 40K-50K Occupation: Professional Psychographic: Health Conscious, frequent traveller for job & private Developing Nation Business Class: Aged: 30-50 Income: 35K-50K Occupation: Professional Psychographic: Health Conscious, Busy worker difficult to seek time Developed Nation Retired Men/ Women Aged: 50 above Income: ailments / saving Occupation: Retired Psychographic: Health Conscious, frequently forget to take medicine
  • 9. How does Thinking Caps Work? >Outline Doctor feeds information in the app Patients switches off the glow with the app Patient request for the refill Pharmacist delivers the medicine at home
  • 10. How does Thinking Caps Work? >What if someone miss to see light glow? Musical sound reminder Automatic System call your phone Doctor calling family member
  • 11. How does Thinking Caps Work? >How to refill the pill bottle Refilling is Simple & Easy  By pressing the push button under the thinking cap  By pressing the refill button in mobile app
  • 12. Conclusion Major Problems  Forget to take medicines on time  Risk of overdosing / underdoing  Troublesome refilling process  Risk of unexpected second effect  Waiting for a long queue in clinic Solution by Thinking Cap  Secured intake at proper time  Appropriate dose of medicines  Easy to purchase via online  Constant consultation with doctor  Saving time via online counselling
  • 13. References  2015 Abbott Annual Report http://www.abbottinvestor.com/phoenix.zhtml?  WikiPedia: Abbott Laboratories https://en.wikipedia.org/wiki/Abbott_Laboratories  Abbott Laboratories SWOT Analysis: MarketLine PUBLICATION DATE: 11 Dec 2015 / REFERENCE CODE: 43227671  Global Pharmaceuticals: MarketLine Publication Date: December 2015 / Reference Code: 0199-0372  To understand the Value Proposition http://www.pmlive.com/pharma_news/value_proposition_3 609  Understand the Value Proposition from the perspective o pharmaceutical company http://www.zsassociates.com/publications/whitepapers  To see the Thinking Cap features http://quantifiedself.com/guide/tools/430/Vitality+GlowCap