Subject category:
Marketing
Originally published in:
2024
Version: 12-Sep-2024
Length: 5 pages
Data source: Generalised experience
Abstract
In 2024, Alina, a recent business graduate, embarked on her first entrepreneurial venture after being approached by her friend Marie, a pharmacist who developed a novel longevity supplement. Together, they established EternaWell Supplements, with Alina taking on the role of Founder and CEO. EternaWell's flagship product is a premium longevity supplement designed to promote healthy aging through a scientifically backed liquid formulation. The product is aimed at an affluent market segment and is positioned as a 'well-aging' solution. Despite having a high-quality product, EternaWell lacks a critical component to market the product: a marketing strategy. Alina faces the challenge of developing an effective digital marketing strategy on a limited budget and under time constraints for a product in a highly competitive market. The case focuses on the key decisions Alina must make regarding which digital marketing channels to prioritize and how to structure the strategy to maximize impact. She also needs to develop target segments, evaluate potential marketing channels, and propose a structured strategic approach for EternaWell's digital marketing efforts.
Teaching and learning
This item is suitable for undergraduate and postgraduate courses.Time period
The events covered by this case took place in 2024.Geographical setting
Region:
Europe
Featured company
EternalWell
Employees:
2-10
Featured protagonist
- Alina (female), Founder & CEO
About
Abstract
In 2024, Alina, a recent business graduate, embarked on her first entrepreneurial venture after being approached by her friend Marie, a pharmacist who developed a novel longevity supplement. Together, they established EternaWell Supplements, with Alina taking on the role of Founder and CEO. EternaWell's flagship product is a premium longevity supplement designed to promote healthy aging through a scientifically backed liquid formulation. The product is aimed at an affluent market segment and is positioned as a 'well-aging' solution. Despite having a high-quality product, EternaWell lacks a critical component to market the product: a marketing strategy. Alina faces the challenge of developing an effective digital marketing strategy on a limited budget and under time constraints for a product in a highly competitive market. The case focuses on the key decisions Alina must make regarding which digital marketing channels to prioritize and how to structure the strategy to maximize impact. She also needs to develop target segments, evaluate potential marketing channels, and propose a structured strategic approach for EternaWell's digital marketing efforts.
Teaching and learning
This item is suitable for undergraduate and postgraduate courses.Settings
Time period
The events covered by this case took place in 2024.Geographical setting
Region:
Europe
Featured company
EternalWell
Employees:
2-10
Featured protagonist
- Alina (female), Founder & CEO