Subject category:
Marketing
Published by:
Ivey Publishing
Version: 2017-03-16
Revision date: 3-May-2017
Length: 16 pages
Data source: Field research
Topics:
New product; Pricing; Distribution; Promotion; Biologics; Agriculture; Farming; Immunology; Medicine; Marketing; Entrepreneurship
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Abstract
Researchers at the Ontario Veterinary College had formed a company, Immuno-Genetics Inc, to develop new technologies to measure the immune response of dairy cows by using a blood test and skin thickness test on individual cows. Cows who showed a high immune response were unlikely to contract a number of common diseases. The test results thus allowed dairy producers to determine the likelihood of cows having health problems over their lifetimes. This information was valuable in managing a dairy herd to optimize performance and minimize health costs. Immuno-Genetics' early marketing research supported the launch of the technology, but an effective marketing strategy had to be developed. Immuno-Genetics had to determine who should be targeted, what products should be sold to each target, how the products should be priced, and what method of distribution to use. In addition, a promotional strategy needed to be developed for the product launch, and sales and profit projections needed to be made for the first two years of operations.
Location:
Size:
Small
Other setting(s):
2014
About
Abstract
Researchers at the Ontario Veterinary College had formed a company, Immuno-Genetics Inc, to develop new technologies to measure the immune response of dairy cows by using a blood test and skin thickness test on individual cows. Cows who showed a high immune response were unlikely to contract a number of common diseases. The test results thus allowed dairy producers to determine the likelihood of cows having health problems over their lifetimes. This information was valuable in managing a dairy herd to optimize performance and minimize health costs. Immuno-Genetics' early marketing research supported the launch of the technology, but an effective marketing strategy had to be developed. Immuno-Genetics had to determine who should be targeted, what products should be sold to each target, how the products should be priced, and what method of distribution to use. In addition, a promotional strategy needed to be developed for the product launch, and sales and profit projections needed to be made for the first two years of operations.
Settings
Location:
Size:
Small
Other setting(s):
2014