The Market Case
Essay Preview: The Market Case
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The thing here is whether cresordia should launch the resorbable product or not. The main problem is the product has not been tested on the quality standard of cresordia. The market is eager to use these kind of product and the competitor of cresordia “inostat” has launched these flawful products in the market so people who want to use these product have to choose the inostat because the cresordia is not in the market of resorbable products. Cresordia has two challenges in launching these product in the market, first, they launch the product and the product gets failed, this will affect the profit of the company and badly affect the faith of their customers. And second, if they didnt launch the product then their competitor increase its share in market and cresordia lose very much in very short time.
According to cresordias research department the resorbable products are ready for human testing. There is only failure of 8 percent of implants. The main problem associated with these materials is sometimes they disintegrate before the bone fully gets healed and sometime not fully disintegrate at all. To tackle this problems cresordia have to make such a drugs, which are helps to disintegrate material rapidly and, which slow down the disintegration. And there should be check up by doctors by regular intervals how much the material disintegrate and how much it should be, so that the disintegration can be controlled by the drug delivery. So they have to make these drugs also and have to keep the price low also. So this decrease the profit also.
Other hazards are they have to hold training sessions on thses also which also consumed money. If we use these the bone grow in place where the material was earlier. That is, as the material disintegrates the space created and in this space the bone gets grow. So there is problem that the material is not disintegrating than this can also prevent the groth of bone. These problems can be solved by training session and appropriate drug making.
to make appropriate drug R&D is necessary which also decrease profits. These are the risks associated with these material, and to manage these risk the profit would definitely decreases.
Here the big hazard for the company is Brand management, if they launched the products and fails then this will badly affect their image in market, it may also possible that the market repution gets damage permanently. So the company have to do something such that even if the product fails their image will only affect a little which is affordable.
They should try co-branding, that means they should launch a brand which is new, that only make resorbable products. They can do marketing by their credential of cresordia by revealing that the newer one is co-brand of cresordia but the case that the newer brand fails