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An untapped value proposition for the Pharmaceutical Industry in Singapore



                 AMRITHA CHOTTAKURIEN
                    SHLOKA SHETTY
2
Agenda



         3
Topic Introduction


Research Objective


Pre-review Progress


Literature Review


Research Methodology


Secondary Research
                       4
Challenges


Primary Research


Conclusions and Implications


Limitations of study


Future scope of study


Key Learnings
                               5
Topic Introduction


Research Objective


Pre-review Progress


Literature Review


Research Methodology


Secondary Research
                       6
Research
              Methodology

 Domain                     Industry
Our Area Of                 A Need-Gap
 Interest                    Analysis




                                         7
Topic Introduction


Research Objective


Pre-review Progress


Literature Review


Research Methodology


Secondary Research
                       8
To study whether Social Media is an untapped value proposition for the
Singaporean Pharmaceutical Industry from a consumer and industry
                            perspective


       Interview                Information                 Information
        Action                    Needed                        Use

   • Get reactions of         • Find out customers’       • Pharma industry will
     patients, doctors &        preferences, rationale,     use the findings to
     pharma industry            feelings, and beliefs       leverage the full
     experts who use social     about the use of social     potential of social
     media                      media by pharma             media in an effective
                                companies                   manner


                                                                                    9
Topic Introduction


Research Objective


Pre-review Progress


Literature Review


Research Methodology


Secondary Research
                       10
Need to broaden
                                                               scope to benchmark
                                             In Qualitative    with best practice
                                             research, need to
                                             create summary with
                     Compare and contrast Q & A
                     key success factors and
                     areas in context of
                     Singapore
Need to enhance
credibility at the
study by adding
more relevant
statistics
                                                                                    11
Topic Introduction


Research Objective


Pre-review Progress


Literature Review


Research Methodology


Secondary Research
                       12
From a consumer’s
                Social media has become
                                          Social media restores the      perspective, SNS
                 an important factor in
                                              balance of power              enhances
                  influencing various
                                            between buyers and         communications and
                   aspects of human
                                                   sellers            provides credibility for
                        behavior
                                                                              brands




                                            Lot of underutilized      Develop and maintain a
              Great many challenges and      potential and an          social media voice for
                    opportunities           untapped market in              life sciences
                                                    place                  organizations



                                                                                                 13
Sources on References slide
Topic Introduction


Research Objective


Pre-review Progress


Literature Review


Research Methodology


Secondary Research
                       14
15
Topic Introduction


Research Objective


Pre-review Progress


Literature Review


Research Methodology


Secondary Research
                       16
Secondary Research



        59% use social media for 6 hours or more                                                       58% have an active corporate Facebook account
                                                                            Fortune 500
            33% use for 11 or more hours weekly                             companies                        62% have an active corporate Twitter account

               15% of marketers spend more
               than 20 hours each week on
               social media

                                                                                                                                         One of the most evolved
                                                                                                                                         social media markets in
                                           Weekly time                                                                                   the world
                                                                                                              Singapore
                                           commitment
         72% saw a boost in
         turnover due to social                                                                                                           65% primarily active on
         channels                                                                                                                         Facebook
                                                                                                                          83% agreed that social media is
            43% noticed an improvement in                                                                                 effective for marketing
            sales due to social campaigns
                                                                                                                  23% growth for Facebook when compared
                91% saw improved website traffic                              Benefits                            to 2010

                   79% are generating more quality leads                                                                                                      17
Source: M. Stelzner. (2012, Apr). How Marketers Are Using Social Media to Grow Their Businesses. 2012 Social Media Marketing Industry Report.
Secondary Research



       Singapore embarked on its Biomedical Sciences (BMS) initiative in 2000
                  BMS is the second-largest manufacturing cluster




            Health care        Pharmaceuticals        Biotechnology            Medical
                                                                             Technology




7 of the world's top pharmaceutical and biotechnology companies have invested in 30 commercial-scale
                                 manufacturing facilities in Singapore

8 of the top 10 pharmaceutical have their regional headquarters in Singapore to drive business expansion
                                                 in Asia                                                   20
Secondary Research




                                                                                                                        Goods Producing
                                                                                                                        Industries – 6.8%

                             Business                             Other Services                       90%
                           Services, 2.7%                        Industries, 6.7%
                                                                                           Manufacturing, 7.6%
                                                                                                                                           Construction, 2.6%
                                                                                                                                          Wholesale & Retail
                                                                                                                                             Trade, 1.1%
                                               Finance &                                                        Transportation &
                                            Insurance, 9.1%                                                       Storage, 4.7%
     Services Producing
      Industries – 4.4%                                                                 Accommodation &
                                                                                        Food Services, 5.8%



                                    Information &
                                  Communications, 1.5
                                          %
Note: All data from 2011
                                                                                                                                                                      22
Source: Ministry of Trade and Industry Singapore. (2012, May 17). 2012 GDP Growth Forecast Maintained at 1.0 to 3.0 Per Cent. Performance of the Singapore Economy.
Retrieved from http://www.singstat.gov.sg/news/news/gdp1q2012.pdf
Secondary Research




                               25.00%        2011 GDP Percentage by Industry at Current Market Price
                                        19.64%
              GDP Percentage


                               20.00%
                                                                                  16.32%
                               15.00%                                                                                                          13.28%
                                                                                                                                   11.23%                  10.70%
                               10.00%                                                         7.70%
                                5.00%            3.90%                                                                 3.37%
                                                          1.41%                                            2.23%
                                                                      0.03%
                               0.00%




                                                                                 Industries in Singapore

                                                                                       Series1
                                                                                                                                                                        23
Source: Singapore Department of Statistics. (2012). Gross Domestic Product By Industry. Retrieved from http://www.singstat.gov.sg/stats/themes/economy/ess/essa11.pdf
Secondary Research




                         Total Output                                                                                          Value Added
                   8%                                                                                                    11%
                   9%                                                                                               16%
           10%                           30%                                                                                                   29%


                                    34%                         Biomedical Manufacturing =                                              22%
              9%                                                 Pharmaceuticals + Medical                        13%                                           9%
                                                                       Technology

                 Electronics                                                                                           Electronics
                 Chemicals                                                                                             Chemicals
                 Biomedical Manufacturing                                                                              Biomedical Manufacturing
                 Precision Engineering                                                                                 Precision Engineering
                 Transport Engineering                                                                                 Transport Engineering
                 General Manufacturing Industries                                                                      General Manufacturing Industries

                                                                                                                                                                     24
Source: Economic Development Board. (2012). Gross Domestic Product By Industry. Retrieved from http://www.singstat.gov.sg/stats/themes/economy/ess/aesa93.pdf
Secondary Research




                                                                                                                                  25
Source: Retrieved from http://www.edb.gov.sg/edb/sg/en_uk/index/industry_sectors/healthcare/facts_and_figures.html
Secondary Research




            Activity
               • Sanofi-Aventis, Novartis, Boehringer Ingelheim, Pfizer/Wyeth and Roche seem to be leading the pack
               • Not so active groups: AstraZeneca (also have an English and French fan page), Teva, GSK (French fan
                 page), Lilly, JNJ, and Pfizer

            Members
               • Sanofi (US) and Novartis both set up official fan pages with 1500+ members

             Employee Activism
               • Boehringer Ingelheim, Roche, Novartis and Wyeth with Facebook groups of 500+ members

             Negative Sentiment
               • Number of unofficial pharma groups expressing negative sentiment towards many company

             Country Groups
               • Egytian and Turkish country groups seem to exist for basically every pharma company
                                                                                                                       27
Source: Retrieved from www.facebook.com
Johnson & Johnson
                                                                                                            • Provides useful and interesting
                                                                                                              content about the company

                                                                                                            • Fosters an open and respectful
                                                                                                              dialogue relating to the specific issues
                                                                                                              and topics covered in their posts

                                                                                                            • Place for community members to
                                                                                                              connect with our company

                                                                                                            • Learn about our Corporate initiatives
                                                                                                              and programs

                                                                                                            • Content available is for informational
                                                                                                              purposes only

                                                                                                            • Not intended to be a substitute for
                                                                                                              professional medical
                                                                                                              advice, diagnosis, or treatment

                                                                                                                                                    28
Source: Johnson & Johnson Network. Retrieved from https://www.facebook.com/jnj
Source: Johnson & Johnson Social Media. Retrieved from http://www.jnj.com/responsibility/Our_Social_Media
29
Pfizer

                                                                                                                • Active and responsive on all major social
                                                                                                                   networking platforms.

                                                                                                                • News, announcements, or information

                                                                                                                • Pfizer Ends Social Media Bid For Trial
                                                                                                                   Recruitment

                                                                                                                • Pfizer helps its employees better
                                                                                                                   understand and use social media

                                                                                                                     Pfizer states that “some people
                                                                                                                   remain reluctant about using social
                                                                                                                    media to sign up to participate in
                                                                                                                     trials, even though they use the
                                                                                                                  Internet to gather information about
                                                                                                                    needed medications and research
                                                                                                                               into diseases”

                                                                                                                                                                     30
Source: Retrieved from http://econsultancy.com/sg/blog/10437-growing-pains-pfizer-tackles-social-media and http://www.pharmalot.com/2012/06/pfizer-ends-social-media-bid-for-
trial-recruitment/
31
As long as no brand name
            is mentioned, this is a
            completely acceptable
               form of promotion
              according to Health
                    Canada
                                                                32
Source: Retrieved from http://marketing4health.ca/tag/pfizer/
 Several companies like Merck (@merckcareers1) and AstraZeneca (@JoinAstraZeneca and
  @AstraZeneca Jobs) have decided to boldly go where no other pharmaceutical companies have
  gone before and are beginning to experiment with Twitter as a recruiting tool




                                                                                              33
34
Challenges


Primary Research


Conclusions and Implications


Limitations of study


Future scope of study


Key Learnings
                               35
Challenges




• Highly regulated industry

• Advertising laws did not anticipate social media

• Failure of the FDA to issue regulatory guidance

• Companies penalized for misleading promotional activities

• Agency for Science, Technology and Research (A*STAR)

• Economic Development Board (EDB)

• Health Sciences Authority (HSA) and Ministry of Health
                                                                       36
Challenges




                                                                                                           • Singapore Association of
                  • Identity theft
                                                                                                             Pharmaceutical Industries (SAPI)




                                                                                                Industry
                  • Potentially damaging information
        Privacy




                                                                                                           • Code of Marketing Practices
                  • Negative financial impact
                                                                                                           • Self-discipline within the industry
                  • Misused medical data
                                                                                                           • Communication to the public
                  • Misdiagnosed illnesses and erroneous
                    medical advice


                                                                                                                                                   37
Source: Singapore Association of Pharmaceutical Industries (SAPI). Retrieved from http://www.sapi.org.sg/mktg.htm#GeneralPrinciples
Challenges


Primary Research


Conclusions and Implications


Limitations of study


Future scope of study


Key Learnings
                               38
Primary Research




      For In-depth Interview                 For Survey


                     Doctors
                                                   Expats
                Pharma companies        PR

                     Patients
                                                Locals
                     Hospital

                 Health insurance
                   companies



Social Media Audience Profiles      Singapore Demographics              39
Primary Research



                                            Family Physician        Medical Officer,        Alternative Therapist
                                                                    General Hospital



Presence online   Presence on any social On Facebook and online Facebook                    Not on any social
                  networking site        forums - aesthetic                                 networking site
                                         treatments rather than
                                         medical treatments
                  Purpose of using       Personal use only        To keep in touch with     NIL
                  social media                                    friends and family
                                                                  To make professional
                                                                  and business contacts
                                                                  To have discussions
                                                                  with other
                                                                  physicians/doctors
Customer          Patient interactions   Apprehensive because     Patient confidentiality   NIL
Relationship      on SNS                 he considers it too      Prefers face to face
Management                               personal a platform to   interactions
                                         interact with patients   Unethical and
                                                                  inappropriate
                                                                                                                40
Primary Research



                                                Family Physician         Medical Officer, Gen      Alternative Therapist
                                                                               Hosp.


Level of Trust and   Apprehensions of         Personality Distortion     Privacy risks. Patient    Not on social media
Confidence           using social media                                  confidentiality should
                                                                         not be breached
                     Government ease on       SAPI strict regulations    Doctors or health care    Doesn’t believe it will
                     regulations              laid down by industry      professionals misusing    happen because these
                                              players themselves. Do     social media should be    things take time and
                                              not think they’ll change   dealt with strictly. So   very strong reasons
                                              it.                        regulations are needed    need to be there to lead
                                                                                                   to any kind of change
                     Reasons for Life         Doctors follow the         Probably due to the    Too personal and not
                     Sciences absence on      practice of best           regulatory environment for such information
                     SNS                      evidence                                          sharing
Disseminating        Activities that can be   NIL                        General information       Promote alternate
Information &        done                                                regarding side effects,   lifestyle and inform not
Creating Awareness                                                       uses and opinions         only on allopathy
                                                                         regarding alternatives
                                                                                                                          41
Primary Research




 Number of Interviewees : 12                   Brand trust is determined by
 Age range : 23 – 38 yrs                            personal experience
 Time spent online : 5 hrs / day                    online reviews
                                                     word of mouth
 Time spent on Social Media Platforms:
                                                     recommendations
  2 hrs / day
                                                     brand age
                                                     feel good factor associated with
Revelations                                          brand
 9 out of 12 respondents said that pharmaceutical & biomed companies
  should be on Social Media platforms
 12 out of 12 respondents stated that their first point of contact for any
  medical related issue will be their doctor
 Present on SNSs to connect, be informed and share information
Primary Research




DOs   Create awareness about viral diseases and
      epidemics

      Address public issues related to the company
      be it negative or positive


      Educate the community
                                                       DONTs
                                                               Manipulate information to
      Tie up with credible bodies like WHO to spread           promote products
      awareness and show support

                                                               Help Self Diagnose
      Share success stories of people and drugs


      Increase awareness about the brand and
      market their brand effectively


      Daily tips to promote a healthy lifestyle
Ray Kerins, Pfizer VP
    Worldwide Communications

           “Regulations are needed
 Companies are wanting to have regulations
     because they want to do it right”
  “Only the government is not responsible for
setting these regulations, even industry players
        must get into the conversation”

                                                   44
Primary Research




                  Cluster Analysis




Factor Analysis                      Cross Tabulation




                                                                    46
Gender-wise Breakup                     Income-group Breakup
                                                                        Less than $20,000 SGD


                                                31%          26%        $20,001 to $30,000
      41%
                                                                        SGD

                                    59%                            9%   $30,001 to $60,000
                                                            14%         SGD
                                                      14%
                                          6%                            $60,001 to $100,000
                                                                        SGD

                           Male                                         More than $100,001
                                                                        SGD
                           Female
                                                                        Do not wish to disclose


Note: Income is annual salary                                                                 47
Marital Status Breakup                                         Age-wise Breakup
 Single   Married   Other                                70%




                             Percentage of Respondents
                                                         60%
          1%                                             50%
                                                         40%
36%
                                                         30%
                                                         20%
                       63%                               10%                      Series1
                                                         0%




                                                                   Age Group

                                                                                        48
Weekly time spent on Social Networks

                           50%
                           45%
Percentage of time spent




                           40%
                           35%
                           30%
                           25%
                           20%
                            15%
                           10%
                             5%
                             0%
                                      0-5     6-10    11-15   16-20   21-25   26-30   31-35   36-40    More
                                     hours   hours   hours    hours   hours   hours   hours   hours   than 41
                                                                                                       hours
                           Series1   48%     17%      11%     10%      7%      2%      3%      0%       2%
                                                                                                                49
Social Network Preference


                     140
                     120
No of Respondents




                     100
                      80
                      60
                      40
                      20
                       0
                              Facebook   Twitter      LinkedIn          Google+   Other
                    Series1      126       64            92               79       13

                                               Social Media Platforms                     50
Factors that drive to trust a brand

Variables           Factors              Cluster 1    Cluster 2   Cluster 3
Age of Brand        Quantifiable         0.31497      0.61019     -0.36361
                    measures of brand
Financial
Performance of
                    (Factor 1)
Brand

Recommendations     Proven Brands        -0.21238     -1.38306    0.50889
Personal Experience
                    (Factor 2)
with Brand
Review posts        Online presence of   -1.02529     0.96465     0.38264
regarding brand     Brand
Social Media        (Factor 3)
presence of Brand
                                                                              51
Factors that drive to trust a brand

                                     Cluster: Online Presence of Brand
     Age-wise Break up                                                              Gender-wise
Under 18 years   18-29    30-39      40-49    More than 50
                                                                                      Male     Female
       11%       5% 5%

                                             Weekly time spent on social media                          47%
     26%                                                            0%              53%
                              53%                      5%
                                                               11%
                                                        11%                 47%


                                                 5%           16%
                                                  5%
                         0-5 hrs                 6-10 hrs            11-15 hrs    16-20 hrs
                         21-25 hrs               26-30 hrs           31-35 hrs    More than 35 hrs            52
Factors that drive to trust a brand

                     Cluster: Online Presence of Brand

 53% of the cluster comprises of people fall in the age group 18-30 years


 63% of the cluster spend 0-10 hours on social media every week


 This cluster equally represents both the sexes


          Pharma companies stand to increase brand reputation
            by being on social media by targeting this cluster
                                                                             53
Sharing of health information through social media

                                                  Health related activities
                    50
                    45
No of Respondents




                    40
                    35
                    30
                    25
                    20
                     15
                    10
                      5
                      0
                          Post about your Comment about Share health- Trace and share   Support a    Don’t do due to
                               health       your health related videos or your health health-related Privacy issues
                          experiences or experiences or      images       symptoms or     cause
                             updates          updates                       behavior
                                                                                                                       54
Sharing of health information through social media

Variables           Factors           Cluster 1   Cluster 2     Cluster 3
Doctors             Medical Experts   0.95677     0.03947       -0.48834
Medical Forums
                    (Factor 1)


Health Insurance    Medical related   -0.10184    1.44425       -0.59178
Company             Companies

Pharmaceutical      (Factor 2)
Company

Patients            Patients/Peer     -0.75888    0.33366       0.22512

                    (Factor 3)
                                                                            55
Sharing of health information through social media

                            Cluster: Patients/Peer
Gender-wise Breakup               Age-wise Breakup                                           Martial status-wise
                                  Under 18 years   18-29                                          Breakup
                                  30-39            40-49
                                  Above 50                                             20




                                                                 No of respondents
             43%                                                                        15
                                             0%
                              0%
57%                                       11%                                           10

                            25%                                                          5

                                                           64%                          0
                                                                                               Single   Marrie   Other
      Male                                                                                                d
                                                                                     Series1     17      10        1
      Female

                                                                                                                         56
Sharing of health information through social media

Break up of Respondents                   People are more likely to share
                                          information with other patients
                  25%

  52%                                     Example: Pfizer tackles Social
                    23%      Cluster 1    Media (slide no. 28)
                             Cluster 2
                             Cluster 3



Pharma companies should not probe customers for their personal
                    health information                                       57
Trusting health information received through social media

Variables          Factors           Cluster 1   Cluster 2     Cluster 3
Doctors            Medical Experts   0.29458     0.74093       -1.01984
Medical Forums
                   (Factor 1)


Health Insurance   Medical related   -0.07962    0.15714       -0.13735
Company            Companies

Pharmaceutical     (Factor 2)
Company

Patients           Patients/Peer     1.54715     -0.48876      -0.29474

                   (Factor 3)
                                                                           58
Cluster 2                        Cluster 3

Gender-wise Breakup                Gender-wise Breakup

       47%                           46%
53%                                        54%
                    Male                                Male
                    Female                              Female

          Weekly time spent online by
           respondents over 21 years
                  21%
                                            Cluster 2
                             79%            Cluster 3

                                                                 59
Trusting health information received through social media

                                       People are more likely to trust
Breakup of Respondents
                                        information posted by:
                                        o pharmaceutical and health
            20%                           insurance companies
 37%
                          Cluster 1     o doctors and medical forums
                          Cluster 2    Disseminating Information
              43%
                          Cluster 3
                                       Online community and disease
                                        group forums

  Pharma companies should look at sharing and disseminating
           information that customers are seeking                         60
Customers’ wants from Pharma companies on social media

Variables             Factors           Cluster 1   Cluster 2   Cluster 3
Connect with other    Information       -0.2        -0.20670    0.28237
customers             Exchange
Get product/service
updates               (Factor 1)

Share links to
content
Learn more about      Organizational    -0.579      -0.68449    0.86811
business              Information
organization
                      (Factor 2)
Post Complaints       Issue Redressal   0.93292     -1.21278    -0.03659

                      (Factor 3)
                                                                            61
Customers’ wants from Pharma companies on social media

                                        Approximately 75% of the
Breakup of Respondents                  respondents want to:
                                          learn more about the organization
                   34%                    the pharma company to address
41%
                                           their issues effectively
                           Cluster 1
                           Cluster 2
             25%           Cluster 3    Example: J&J (slide 27) and GSK


Pharma companies must focus on customer relationship activities
                                                                           62
Product Information sharing by Pharma brands on social media

Variables              Factors            Cluster 1   Cluster 2   Cluster 3
Information on         New and emerging   0.43423     -0.43904    -1.15496
drugs in trial phase   pharma products
Clinical trial
updates                (Factor 1)

Side effects due to    Effects of drugs   -0.13029    -0.82771    0.9462
drug
Expert review of       (Factor 2)
drug

Drug Content           Drug content       -0.32876    1.462       0.16844
Information            information

                       (Factor 3)
                                                                              64
Product Information sharing by Pharma brands on social media

                                           67% of the people want more information on
                                              Drugs in trial phase
  Breakup of Respondents                      Clinical trial updates

                                           They are more interested in new and
        20%                                 emerging products in the industry
                              Cluster 1
13%                                        Example: Canadian Pharma companies
                              Cluster 2
                     67%                    (slide no. 29 )
                              Cluster 3
                                           Side effects of drugs not very significant



       Pharma companies should create more awareness about their
                         upcoming products                                               65
Leverage of Social Media by Pharma brands

Factors            Cluster 1     Cluster 2     Cluster 3
Career Portal      -0.80529      0.51827       -0.10507




Customer           -0.35736      -0.99704      0.41933
Relationship
Activities



Community Health   1.84645       -0.43940      -0.04350
Programs


                                                           66
Activities performed by Pharma brands do for customers on social media

                                        67% of the respondents believe that
                                         pharma can use social media to build
  Breakup of Respondents                 on customer relationship
          4%

                23%                     25% also believe it’s a good idea to
                           Cluster 1     have a career portal on social media
                           Cluster 2

    73%
                           Cluster 3    Example: Novartis (slide no. 30)


                                        Community Health Programs not
                                         very significant
                                                                                67
Breakup of Respondents above                   Breakup of Respondents in the
        the age of 40 yrs                              age group 18-40

                 5%
                                                              7%
                      11%
                                                                        30%
                                  Cluster 1                                     Cluster 1
                                               63%
                                  Cluster 2                                     Cluster 2
       84%
                                  Cluster 3                                     Cluster 3




84% of the middle-aged respondents are        Respondents in the age group of 18-40 years
   interested in customer relationship            also believe it’s a good idea to have a
                 activities                           career portal on social media
                                                                                            68
Social Media Platforms - Pharma companies should consider being on

                               Social Media Platforms

     Other

   YouTube

   LinkedIn

    Twitter

   Facebook

              0%   10%   20%    30%     40%     50%      60%   70%   80%   90%

                                 Percentage of Respondents
                                                                                 69
Challenges


Primary Research


Conclusions and Implications


Limitations of study


Future scope of study


Key Learnings
                               70
Disseminating Information

   Awareness – Product Information

      Career Portal

         Customer Relationship Management

             Target the best social media platform !
                                                       71
Disseminating Information - Survey results 2 and 3
 Provide credible trustworthy critical information – Epidemic awareness
 Learn more about the business organization - News and updates

Awareness – Product Information - Survey Results 5
 Pharmaceutical companies should spread awareness about upcoming products

Career Portal - Survey Results 6
 Use social media platforms effectively for talent recruitment

Customer Relationship Management - Survey Results 4 and 6
 Implement effective communication strategies
 Staff training to be a priority
 Customer service for issue redressal
 Better relationships will influence the corporate brand experience and reputation

SOCIAL MEDIA IS THE MANTRA! - Survey Results 1 and 7                                  72
Challenges


Primary Research


Conclusions and Implications


Limitations of study


Future scope of study


Key Learnings
                               73
Evolving social media       Integration of social        Senior management
  tools and trends              media tools            level not very adept with
                                                       using social media tools




                  Sample Size               Country Limitation                     74
Challenges


Primary Research


Conclusions and Implications


Limitations of study


Future scope of study


Key Learnings
                               75
Consumer attitude towards sharing and trusting health/drug related
              information on social media platforms

 Individual profiling of clusters once the social roadmap is in place

      Research on social media and online privacy in terms of
       attitudes, behaviors, and its unintended consequences

     Study should be more holistic and inclusive of consumer
    perception, behavior and attitude towards entire life sciences
                              industry
                                                                        77
Challenges


Primary Research


Conclusions and Implications


Limitations of study


Future scope of study


Key Learnings
                               78
 Networking is important!

 Being adaptable and flexible


 HUMILITY!


 Segregating relevant from
 irrelevant information

 Remember there is always
 SCOPE TO LEARN!                 79
80
81
 Allison M., (2010). Social media for life sciences: Trick or Tweet? Deloitte Debates

 Bond, C., Ferraro, C., Luxton, S., & Sands, S. (2010). Social Media Advertising: An Investigation
  of Consumer Perceptions, Attitudes, and. Retrieved from
  http://anzmac2010.org/proceedings/pdf/anzmac10Final00326.pdf

 Kaplan, A. M., & Haenlein, M. (2009). Users of the world, unite! The challenges and
  opportunities of social media. Business Horizons, Kelley School of Business, Indiana
  University,53(1), 59-68. doi: 10.1016/j.bushor.2009.09.003

 Mangold, W.G & Faulds, D.J. (2009). Social media: The new hybrid element of the promotion
  mix. Business Horizons. Kelley School of Business, Indiana University. (357—365)

 Microsoft Advertising. (2012, Feb 17). Social Advertising and Driving Word of Mouth: The Social
  Advertiser’s View.


                                                                                                      82
Back-up slides



                 83
 Financial Services
 Government
 B2B Companies
 Life Sciences




       Life Sciences and Financial Services are the major industries
                   contributing to Singapore’s economy
 Financial Services
                Singapore has become Southeast Asia’s banking and finance hub
                Singapore is one of the top 5 most-active foreign exchange trading centres in the world
                Social media does not reach the target audience of high net worth individuals
                However, banks and financial institutions are on par with current social media trends

              Life Sciences
                Emerged as one of the pillars of Singapore’s economy in recent times
                Tuas Biomedical park plays a key role in attracting investment from global biomedical
                  companies
                S$500 million Biopolis, spread over two million square feet is another factor
                Rigorous Intellectual Property regulatory framework, drug approval
                  capabilities, promotion of good clinical practices and bio safety
                Heavily regulated industry hence not much presence on SNS


Source : Guide Me Singapore. (2009, Apr 01). Major Industries in Singapore. Retrieved from http://www.guidemesingapore.com/blog-post/singapore-life/major-industries-in-singapore
 Singapore Life Science Industry comprises of Pharmaceuticals, Biomedical and Healthcare sectors


           Pharmaceutical industry contributes to 16% of the manufacturing industry in Singapore and 4.8% of the
              GDP (2011)

           Singapore aims to grow its Biomedical Sciences output to £12.5 billion by 2015


           More than 30 leading biomedical science companies have established regional headquarters in Singapore


           More than 50 companies are carrying out biomedical sciences R&D that includes drug
              discovery, translational and clinical research.

           Singapore is now home to more than 6,000 researchers from across the globe


           7 of the world's top pharmaceutical and biotechnology companies have invested in 30 commercial-scale
              manufacturing facilities in Singapore

           8 of the top 10 pharmaceutical and all of the top 10 medical technology companies have their regional
              HQs in Singapore
Source : UK Trade & Investment. (2010). Biotechnology & Pharmaceutical Opportunities in Singapore.
Companies           Presence               Activity
 BASF Asia Pacific   Facebook and Twitter   Generic comments made by page visitors on questions or
                                            articles posted by BASF
 AstraZeneca         Facebook               No activity found on FB page
 Abbot               Facebook and Twitter   No activity found on FB page
                                            Twitter page advertising their products and few health
                                            related info links

 AkzoNobel           Facebook and Twitter   Generic comments made by page visitors on questions or
                                            articles posted by AkzoNobel
 Baxter              Twitter                Sustainability report, Career options, Information about
                                            company and campaigns
 Pzifer              Facebook and Twitter   Pfizer Fan of the week, about the company, achievements
                                            and campaigns; Company news on twitter



GlaxoSmithKline (GSK), Pfizer and Merck & Co., are the leading drug makers of Singapore
 40 responses
 97.5% of respondents use Facebook as a Social Networking platform
Most favorable social network platform on which people have created their
                            personal profiles
How likely would you be to share information about your health through
                   social media with the following?
How likely would you be to share information about your health through
                   social media with the following?
75% responded saying they are members of a fan page for a brand or
                        product on Facebook




 40% think advertising on SNS is useful


 Over 50% of respondents have supported a health related cause through social
  media

 28% have commented about their health experiences

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Role of Social media in the Pharmaceutical industry in Singapore

  • 1. An untapped value proposition for the Pharmaceutical Industry in Singapore AMRITHA CHOTTAKURIEN SHLOKA SHETTY
  • 2. 2
  • 3. Agenda 3
  • 4. Topic Introduction Research Objective Pre-review Progress Literature Review Research Methodology Secondary Research 4
  • 5. Challenges Primary Research Conclusions and Implications Limitations of study Future scope of study Key Learnings 5
  • 6. Topic Introduction Research Objective Pre-review Progress Literature Review Research Methodology Secondary Research 6
  • 7. Research Methodology Domain Industry Our Area Of A Need-Gap Interest Analysis 7
  • 8. Topic Introduction Research Objective Pre-review Progress Literature Review Research Methodology Secondary Research 8
  • 9. To study whether Social Media is an untapped value proposition for the Singaporean Pharmaceutical Industry from a consumer and industry perspective Interview Information Information Action Needed Use • Get reactions of • Find out customers’ • Pharma industry will patients, doctors & preferences, rationale, use the findings to pharma industry feelings, and beliefs leverage the full experts who use social about the use of social potential of social media media by pharma media in an effective companies manner 9
  • 10. Topic Introduction Research Objective Pre-review Progress Literature Review Research Methodology Secondary Research 10
  • 11. Need to broaden scope to benchmark In Qualitative with best practice research, need to create summary with Compare and contrast Q & A key success factors and areas in context of Singapore Need to enhance credibility at the study by adding more relevant statistics 11
  • 12. Topic Introduction Research Objective Pre-review Progress Literature Review Research Methodology Secondary Research 12
  • 13. From a consumer’s Social media has become Social media restores the perspective, SNS an important factor in balance of power enhances influencing various between buyers and communications and aspects of human sellers provides credibility for behavior brands Lot of underutilized Develop and maintain a Great many challenges and potential and an social media voice for opportunities untapped market in life sciences place organizations 13 Sources on References slide
  • 14. Topic Introduction Research Objective Pre-review Progress Literature Review Research Methodology Secondary Research 14
  • 15. 15
  • 16. Topic Introduction Research Objective Pre-review Progress Literature Review Research Methodology Secondary Research 16
  • 17. Secondary Research 59% use social media for 6 hours or more 58% have an active corporate Facebook account Fortune 500 33% use for 11 or more hours weekly companies 62% have an active corporate Twitter account 15% of marketers spend more than 20 hours each week on social media One of the most evolved social media markets in Weekly time the world Singapore commitment 72% saw a boost in turnover due to social 65% primarily active on channels Facebook 83% agreed that social media is 43% noticed an improvement in effective for marketing sales due to social campaigns 23% growth for Facebook when compared 91% saw improved website traffic Benefits to 2010 79% are generating more quality leads 17 Source: M. Stelzner. (2012, Apr). How Marketers Are Using Social Media to Grow Their Businesses. 2012 Social Media Marketing Industry Report.
  • 18. Secondary Research Singapore embarked on its Biomedical Sciences (BMS) initiative in 2000 BMS is the second-largest manufacturing cluster Health care Pharmaceuticals Biotechnology Medical Technology 7 of the world's top pharmaceutical and biotechnology companies have invested in 30 commercial-scale manufacturing facilities in Singapore 8 of the top 10 pharmaceutical have their regional headquarters in Singapore to drive business expansion in Asia 20
  • 19. Secondary Research Goods Producing Industries – 6.8% Business Other Services 90% Services, 2.7% Industries, 6.7% Manufacturing, 7.6% Construction, 2.6% Wholesale & Retail Trade, 1.1% Finance & Transportation & Insurance, 9.1% Storage, 4.7% Services Producing Industries – 4.4% Accommodation & Food Services, 5.8% Information & Communications, 1.5 % Note: All data from 2011 22 Source: Ministry of Trade and Industry Singapore. (2012, May 17). 2012 GDP Growth Forecast Maintained at 1.0 to 3.0 Per Cent. Performance of the Singapore Economy. Retrieved from http://www.singstat.gov.sg/news/news/gdp1q2012.pdf
  • 20. Secondary Research 25.00% 2011 GDP Percentage by Industry at Current Market Price 19.64% GDP Percentage 20.00% 16.32% 15.00% 13.28% 11.23% 10.70% 10.00% 7.70% 5.00% 3.90% 3.37% 1.41% 2.23% 0.03% 0.00% Industries in Singapore Series1 23 Source: Singapore Department of Statistics. (2012). Gross Domestic Product By Industry. Retrieved from http://www.singstat.gov.sg/stats/themes/economy/ess/essa11.pdf
  • 21. Secondary Research Total Output Value Added 8% 11% 9% 16% 10% 30% 29% 34% Biomedical Manufacturing = 22% 9% Pharmaceuticals + Medical 13% 9% Technology Electronics Electronics Chemicals Chemicals Biomedical Manufacturing Biomedical Manufacturing Precision Engineering Precision Engineering Transport Engineering Transport Engineering General Manufacturing Industries General Manufacturing Industries 24 Source: Economic Development Board. (2012). Gross Domestic Product By Industry. Retrieved from http://www.singstat.gov.sg/stats/themes/economy/ess/aesa93.pdf
  • 22. Secondary Research 25 Source: Retrieved from http://www.edb.gov.sg/edb/sg/en_uk/index/industry_sectors/healthcare/facts_and_figures.html
  • 23. Secondary Research Activity • Sanofi-Aventis, Novartis, Boehringer Ingelheim, Pfizer/Wyeth and Roche seem to be leading the pack • Not so active groups: AstraZeneca (also have an English and French fan page), Teva, GSK (French fan page), Lilly, JNJ, and Pfizer Members • Sanofi (US) and Novartis both set up official fan pages with 1500+ members Employee Activism • Boehringer Ingelheim, Roche, Novartis and Wyeth with Facebook groups of 500+ members Negative Sentiment • Number of unofficial pharma groups expressing negative sentiment towards many company Country Groups • Egytian and Turkish country groups seem to exist for basically every pharma company 27 Source: Retrieved from www.facebook.com
  • 24. Johnson & Johnson • Provides useful and interesting content about the company • Fosters an open and respectful dialogue relating to the specific issues and topics covered in their posts • Place for community members to connect with our company • Learn about our Corporate initiatives and programs • Content available is for informational purposes only • Not intended to be a substitute for professional medical advice, diagnosis, or treatment 28 Source: Johnson & Johnson Network. Retrieved from https://www.facebook.com/jnj Source: Johnson & Johnson Social Media. Retrieved from http://www.jnj.com/responsibility/Our_Social_Media
  • 25. 29
  • 26. Pfizer • Active and responsive on all major social networking platforms. • News, announcements, or information • Pfizer Ends Social Media Bid For Trial Recruitment • Pfizer helps its employees better understand and use social media Pfizer states that “some people remain reluctant about using social media to sign up to participate in trials, even though they use the Internet to gather information about needed medications and research into diseases” 30 Source: Retrieved from http://econsultancy.com/sg/blog/10437-growing-pains-pfizer-tackles-social-media and http://www.pharmalot.com/2012/06/pfizer-ends-social-media-bid-for- trial-recruitment/
  • 27. 31
  • 28. As long as no brand name is mentioned, this is a completely acceptable form of promotion according to Health Canada 32 Source: Retrieved from http://marketing4health.ca/tag/pfizer/
  • 29.  Several companies like Merck (@merckcareers1) and AstraZeneca (@JoinAstraZeneca and @AstraZeneca Jobs) have decided to boldly go where no other pharmaceutical companies have gone before and are beginning to experiment with Twitter as a recruiting tool 33
  • 30. 34
  • 31. Challenges Primary Research Conclusions and Implications Limitations of study Future scope of study Key Learnings 35
  • 32. Challenges • Highly regulated industry • Advertising laws did not anticipate social media • Failure of the FDA to issue regulatory guidance • Companies penalized for misleading promotional activities • Agency for Science, Technology and Research (A*STAR) • Economic Development Board (EDB) • Health Sciences Authority (HSA) and Ministry of Health 36
  • 33. Challenges • Singapore Association of • Identity theft Pharmaceutical Industries (SAPI) Industry • Potentially damaging information Privacy • Code of Marketing Practices • Negative financial impact • Self-discipline within the industry • Misused medical data • Communication to the public • Misdiagnosed illnesses and erroneous medical advice 37 Source: Singapore Association of Pharmaceutical Industries (SAPI). Retrieved from http://www.sapi.org.sg/mktg.htm#GeneralPrinciples
  • 34. Challenges Primary Research Conclusions and Implications Limitations of study Future scope of study Key Learnings 38
  • 35. Primary Research For In-depth Interview For Survey Doctors Expats Pharma companies PR Patients Locals Hospital Health insurance companies Social Media Audience Profiles Singapore Demographics 39
  • 36. Primary Research Family Physician Medical Officer, Alternative Therapist General Hospital Presence online Presence on any social On Facebook and online Facebook Not on any social networking site forums - aesthetic networking site treatments rather than medical treatments Purpose of using Personal use only To keep in touch with NIL social media friends and family To make professional and business contacts To have discussions with other physicians/doctors Customer Patient interactions Apprehensive because Patient confidentiality NIL Relationship on SNS he considers it too Prefers face to face Management personal a platform to interactions interact with patients Unethical and inappropriate 40
  • 37. Primary Research Family Physician Medical Officer, Gen Alternative Therapist Hosp. Level of Trust and Apprehensions of Personality Distortion Privacy risks. Patient Not on social media Confidence using social media confidentiality should not be breached Government ease on SAPI strict regulations Doctors or health care Doesn’t believe it will regulations laid down by industry professionals misusing happen because these players themselves. Do social media should be things take time and not think they’ll change dealt with strictly. So very strong reasons it. regulations are needed need to be there to lead to any kind of change Reasons for Life Doctors follow the Probably due to the Too personal and not Sciences absence on practice of best regulatory environment for such information SNS evidence sharing Disseminating Activities that can be NIL General information Promote alternate Information & done regarding side effects, lifestyle and inform not Creating Awareness uses and opinions only on allopathy regarding alternatives 41
  • 38. Primary Research  Number of Interviewees : 12 Brand trust is determined by  Age range : 23 – 38 yrs personal experience  Time spent online : 5 hrs / day online reviews word of mouth  Time spent on Social Media Platforms: recommendations 2 hrs / day brand age feel good factor associated with Revelations brand  9 out of 12 respondents said that pharmaceutical & biomed companies should be on Social Media platforms  12 out of 12 respondents stated that their first point of contact for any medical related issue will be their doctor  Present on SNSs to connect, be informed and share information
  • 39. Primary Research DOs Create awareness about viral diseases and epidemics Address public issues related to the company be it negative or positive Educate the community DONTs Manipulate information to Tie up with credible bodies like WHO to spread promote products awareness and show support Help Self Diagnose Share success stories of people and drugs Increase awareness about the brand and market their brand effectively Daily tips to promote a healthy lifestyle
  • 40. Ray Kerins, Pfizer VP Worldwide Communications “Regulations are needed Companies are wanting to have regulations because they want to do it right” “Only the government is not responsible for setting these regulations, even industry players must get into the conversation” 44
  • 41. Primary Research Cluster Analysis Factor Analysis Cross Tabulation 46
  • 42. Gender-wise Breakup Income-group Breakup Less than $20,000 SGD 31% 26% $20,001 to $30,000 41% SGD 59% 9% $30,001 to $60,000 14% SGD 14% 6% $60,001 to $100,000 SGD Male More than $100,001 SGD Female Do not wish to disclose Note: Income is annual salary 47
  • 43. Marital Status Breakup Age-wise Breakup Single Married Other 70% Percentage of Respondents 60% 1% 50% 40% 36% 30% 20% 63% 10% Series1 0% Age Group 48
  • 44. Weekly time spent on Social Networks 50% 45% Percentage of time spent 40% 35% 30% 25% 20% 15% 10% 5% 0% 0-5 6-10 11-15 16-20 21-25 26-30 31-35 36-40 More hours hours hours hours hours hours hours hours than 41 hours Series1 48% 17% 11% 10% 7% 2% 3% 0% 2% 49
  • 45. Social Network Preference 140 120 No of Respondents 100 80 60 40 20 0 Facebook Twitter LinkedIn Google+ Other Series1 126 64 92 79 13 Social Media Platforms 50
  • 46. Factors that drive to trust a brand Variables Factors Cluster 1 Cluster 2 Cluster 3 Age of Brand Quantifiable 0.31497 0.61019 -0.36361 measures of brand Financial Performance of (Factor 1) Brand Recommendations Proven Brands -0.21238 -1.38306 0.50889 Personal Experience (Factor 2) with Brand Review posts Online presence of -1.02529 0.96465 0.38264 regarding brand Brand Social Media (Factor 3) presence of Brand 51
  • 47. Factors that drive to trust a brand Cluster: Online Presence of Brand Age-wise Break up Gender-wise Under 18 years 18-29 30-39 40-49 More than 50 Male Female 11% 5% 5% Weekly time spent on social media 47% 26% 0% 53% 53% 5% 11% 11% 47% 5% 16% 5% 0-5 hrs 6-10 hrs 11-15 hrs 16-20 hrs 21-25 hrs 26-30 hrs 31-35 hrs More than 35 hrs 52
  • 48. Factors that drive to trust a brand Cluster: Online Presence of Brand  53% of the cluster comprises of people fall in the age group 18-30 years  63% of the cluster spend 0-10 hours on social media every week  This cluster equally represents both the sexes Pharma companies stand to increase brand reputation by being on social media by targeting this cluster 53
  • 49. Sharing of health information through social media Health related activities 50 45 No of Respondents 40 35 30 25 20 15 10 5 0 Post about your Comment about Share health- Trace and share Support a Don’t do due to health your health related videos or your health health-related Privacy issues experiences or experiences or images symptoms or cause updates updates behavior 54
  • 50. Sharing of health information through social media Variables Factors Cluster 1 Cluster 2 Cluster 3 Doctors Medical Experts 0.95677 0.03947 -0.48834 Medical Forums (Factor 1) Health Insurance Medical related -0.10184 1.44425 -0.59178 Company Companies Pharmaceutical (Factor 2) Company Patients Patients/Peer -0.75888 0.33366 0.22512 (Factor 3) 55
  • 51. Sharing of health information through social media Cluster: Patients/Peer Gender-wise Breakup Age-wise Breakup Martial status-wise Under 18 years 18-29 Breakup 30-39 40-49 Above 50 20 No of respondents 43% 15 0% 0% 57% 11% 10 25% 5 64% 0 Single Marrie Other Male d Series1 17 10 1 Female 56
  • 52. Sharing of health information through social media Break up of Respondents  People are more likely to share information with other patients 25% 52%  Example: Pfizer tackles Social 23% Cluster 1 Media (slide no. 28) Cluster 2 Cluster 3 Pharma companies should not probe customers for their personal health information 57
  • 53. Trusting health information received through social media Variables Factors Cluster 1 Cluster 2 Cluster 3 Doctors Medical Experts 0.29458 0.74093 -1.01984 Medical Forums (Factor 1) Health Insurance Medical related -0.07962 0.15714 -0.13735 Company Companies Pharmaceutical (Factor 2) Company Patients Patients/Peer 1.54715 -0.48876 -0.29474 (Factor 3) 58
  • 54. Cluster 2 Cluster 3 Gender-wise Breakup Gender-wise Breakup 47% 46% 53% 54% Male Male Female Female Weekly time spent online by respondents over 21 years 21% Cluster 2 79% Cluster 3 59
  • 55. Trusting health information received through social media  People are more likely to trust Breakup of Respondents information posted by: o pharmaceutical and health 20% insurance companies 37% Cluster 1 o doctors and medical forums Cluster 2  Disseminating Information 43% Cluster 3  Online community and disease group forums Pharma companies should look at sharing and disseminating information that customers are seeking 60
  • 56. Customers’ wants from Pharma companies on social media Variables Factors Cluster 1 Cluster 2 Cluster 3 Connect with other Information -0.2 -0.20670 0.28237 customers Exchange Get product/service updates (Factor 1) Share links to content Learn more about Organizational -0.579 -0.68449 0.86811 business Information organization (Factor 2) Post Complaints Issue Redressal 0.93292 -1.21278 -0.03659 (Factor 3) 61
  • 57. Customers’ wants from Pharma companies on social media  Approximately 75% of the Breakup of Respondents respondents want to:  learn more about the organization 34%  the pharma company to address 41% their issues effectively Cluster 1 Cluster 2 25% Cluster 3  Example: J&J (slide 27) and GSK Pharma companies must focus on customer relationship activities 62
  • 58. Product Information sharing by Pharma brands on social media Variables Factors Cluster 1 Cluster 2 Cluster 3 Information on New and emerging 0.43423 -0.43904 -1.15496 drugs in trial phase pharma products Clinical trial updates (Factor 1) Side effects due to Effects of drugs -0.13029 -0.82771 0.9462 drug Expert review of (Factor 2) drug Drug Content Drug content -0.32876 1.462 0.16844 Information information (Factor 3) 64
  • 59. Product Information sharing by Pharma brands on social media  67% of the people want more information on  Drugs in trial phase Breakup of Respondents  Clinical trial updates  They are more interested in new and 20% emerging products in the industry Cluster 1 13%  Example: Canadian Pharma companies Cluster 2 67% (slide no. 29 ) Cluster 3  Side effects of drugs not very significant Pharma companies should create more awareness about their upcoming products 65
  • 60. Leverage of Social Media by Pharma brands Factors Cluster 1 Cluster 2 Cluster 3 Career Portal -0.80529 0.51827 -0.10507 Customer -0.35736 -0.99704 0.41933 Relationship Activities Community Health 1.84645 -0.43940 -0.04350 Programs 66
  • 61. Activities performed by Pharma brands do for customers on social media  67% of the respondents believe that pharma can use social media to build Breakup of Respondents on customer relationship 4% 23%  25% also believe it’s a good idea to Cluster 1 have a career portal on social media Cluster 2 73% Cluster 3  Example: Novartis (slide no. 30)  Community Health Programs not very significant 67
  • 62. Breakup of Respondents above Breakup of Respondents in the the age of 40 yrs age group 18-40 5% 7% 11% 30% Cluster 1 Cluster 1 63% Cluster 2 Cluster 2 84% Cluster 3 Cluster 3 84% of the middle-aged respondents are Respondents in the age group of 18-40 years interested in customer relationship also believe it’s a good idea to have a activities career portal on social media 68
  • 63. Social Media Platforms - Pharma companies should consider being on Social Media Platforms Other YouTube LinkedIn Twitter Facebook 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% Percentage of Respondents 69
  • 64. Challenges Primary Research Conclusions and Implications Limitations of study Future scope of study Key Learnings 70
  • 65. Disseminating Information Awareness – Product Information Career Portal Customer Relationship Management Target the best social media platform ! 71
  • 66. Disseminating Information - Survey results 2 and 3  Provide credible trustworthy critical information – Epidemic awareness  Learn more about the business organization - News and updates Awareness – Product Information - Survey Results 5  Pharmaceutical companies should spread awareness about upcoming products Career Portal - Survey Results 6  Use social media platforms effectively for talent recruitment Customer Relationship Management - Survey Results 4 and 6  Implement effective communication strategies  Staff training to be a priority  Customer service for issue redressal  Better relationships will influence the corporate brand experience and reputation SOCIAL MEDIA IS THE MANTRA! - Survey Results 1 and 7 72
  • 67. Challenges Primary Research Conclusions and Implications Limitations of study Future scope of study Key Learnings 73
  • 68. Evolving social media Integration of social Senior management tools and trends media tools level not very adept with using social media tools Sample Size Country Limitation 74
  • 69. Challenges Primary Research Conclusions and Implications Limitations of study Future scope of study Key Learnings 75
  • 70. Consumer attitude towards sharing and trusting health/drug related information on social media platforms Individual profiling of clusters once the social roadmap is in place Research on social media and online privacy in terms of attitudes, behaviors, and its unintended consequences Study should be more holistic and inclusive of consumer perception, behavior and attitude towards entire life sciences industry 77
  • 71. Challenges Primary Research Conclusions and Implications Limitations of study Future scope of study Key Learnings 78
  • 72.  Networking is important!  Being adaptable and flexible  HUMILITY!  Segregating relevant from irrelevant information  Remember there is always SCOPE TO LEARN! 79
  • 73. 80
  • 74. 81
  • 75.  Allison M., (2010). Social media for life sciences: Trick or Tweet? Deloitte Debates  Bond, C., Ferraro, C., Luxton, S., & Sands, S. (2010). Social Media Advertising: An Investigation of Consumer Perceptions, Attitudes, and. Retrieved from http://anzmac2010.org/proceedings/pdf/anzmac10Final00326.pdf  Kaplan, A. M., & Haenlein, M. (2009). Users of the world, unite! The challenges and opportunities of social media. Business Horizons, Kelley School of Business, Indiana University,53(1), 59-68. doi: 10.1016/j.bushor.2009.09.003  Mangold, W.G & Faulds, D.J. (2009). Social media: The new hybrid element of the promotion mix. Business Horizons. Kelley School of Business, Indiana University. (357—365)  Microsoft Advertising. (2012, Feb 17). Social Advertising and Driving Word of Mouth: The Social Advertiser’s View. 82
  • 77.  Financial Services  Government  B2B Companies  Life Sciences Life Sciences and Financial Services are the major industries contributing to Singapore’s economy
  • 78.  Financial Services  Singapore has become Southeast Asia’s banking and finance hub  Singapore is one of the top 5 most-active foreign exchange trading centres in the world  Social media does not reach the target audience of high net worth individuals  However, banks and financial institutions are on par with current social media trends  Life Sciences  Emerged as one of the pillars of Singapore’s economy in recent times  Tuas Biomedical park plays a key role in attracting investment from global biomedical companies  S$500 million Biopolis, spread over two million square feet is another factor  Rigorous Intellectual Property regulatory framework, drug approval capabilities, promotion of good clinical practices and bio safety  Heavily regulated industry hence not much presence on SNS Source : Guide Me Singapore. (2009, Apr 01). Major Industries in Singapore. Retrieved from http://www.guidemesingapore.com/blog-post/singapore-life/major-industries-in-singapore
  • 79.  Singapore Life Science Industry comprises of Pharmaceuticals, Biomedical and Healthcare sectors  Pharmaceutical industry contributes to 16% of the manufacturing industry in Singapore and 4.8% of the GDP (2011)  Singapore aims to grow its Biomedical Sciences output to £12.5 billion by 2015  More than 30 leading biomedical science companies have established regional headquarters in Singapore  More than 50 companies are carrying out biomedical sciences R&D that includes drug discovery, translational and clinical research.  Singapore is now home to more than 6,000 researchers from across the globe  7 of the world's top pharmaceutical and biotechnology companies have invested in 30 commercial-scale manufacturing facilities in Singapore  8 of the top 10 pharmaceutical and all of the top 10 medical technology companies have their regional HQs in Singapore Source : UK Trade & Investment. (2010). Biotechnology & Pharmaceutical Opportunities in Singapore.
  • 80. Companies Presence Activity BASF Asia Pacific Facebook and Twitter Generic comments made by page visitors on questions or articles posted by BASF AstraZeneca Facebook No activity found on FB page Abbot Facebook and Twitter No activity found on FB page Twitter page advertising their products and few health related info links AkzoNobel Facebook and Twitter Generic comments made by page visitors on questions or articles posted by AkzoNobel Baxter Twitter Sustainability report, Career options, Information about company and campaigns Pzifer Facebook and Twitter Pfizer Fan of the week, about the company, achievements and campaigns; Company news on twitter GlaxoSmithKline (GSK), Pfizer and Merck & Co., are the leading drug makers of Singapore
  • 81.  40 responses  97.5% of respondents use Facebook as a Social Networking platform
  • 82. Most favorable social network platform on which people have created their personal profiles
  • 83. How likely would you be to share information about your health through social media with the following?
  • 84. How likely would you be to share information about your health through social media with the following?
  • 85. 75% responded saying they are members of a fan page for a brand or product on Facebook  40% think advertising on SNS is useful  Over 50% of respondents have supported a health related cause through social media  28% have commented about their health experiences

Editor's Notes

  1. Social media has become an important factor in influencing various aspects of human behavior such as awareness, attitudes, purchasing behavior etc. which can be very important from point-of-view of a firm’s promotional efforts47 percent of customers buy brands that they like or follow on Social MediaResearch states that 80 percent of US social network users prefer to bond with company brands through Facebook From a consumer’s perspective, social media enhances communications and provides credibility for brands that are advertised on this platform Brands in Singapore invest in social media to manage consumer conversations on online space and to enhance their brandSocial media applications pose a great many challenges and opportunities to businesses that leverage them5 main reasons to develop and maintain a social media voice for life sciences organizations: to listen, to engage, to add value, to advertise/promote/shape demand, and to create community.
  2. Facebook and Twitter are the top two social media tools used by marketers, with Facebook leading the pack
  3. The largest age group is currently 25 - 34 with total of 893 773 users, followed by the users in the age of 18 - 24.There are 50% male users and 50% female users in Singapore, compared to 51% and 49% in Austria and 78% and 22% in Bangladesh .
  4. The manufacturing sector contributes to a quarter of Singapore’s economy.
  5. A number of pharmaceutical MNCs also have their Asia Pacific HQ in Singapore. Besides sales, marketing and distribution, they also undertake R&D, and six new R&D bases were established in 2009. They also partner Singapore’s multi-disciplinary scientific and clinical network to develop new drugs and therapies.
  6. In fact, Pfizer Canada might be the first Canadian pharma company to advertise a Schedule F prescription drug name on FaceBook.  In Canada, pharmaceutical companies must follow very restrictive Rx-DTC (direct-to-consumer) guidelines.  The only things that can be mentioned in the public regarding Schedule F Rx products are product name, price and quantity.  The ad below complies with the regulations. – LipitorGlaxoSmithKline Canada promoted their vaccine Cervarix via FaceBook ads back in Q4 2011.  Although the product name and disease state appear in the ad, it complies with Health Canada's Rx-DTC regulations because Cervarix is a schedule D drug, and it is not promoting a schedule A disease. Now Midol might not be a prescription drug, but it belongs to Bayer which is a pharmaceutical company, so I think that they deserve kudos for entering the social media advertisement arena. 
  7. RegulationsThe FDA regulates the industry’s communications around product benefits and safety, it has yet to release official social media guidelines (Draft guidelines became available in January).ComplianceThe BMS sector is driven by two key bodies, the Agency for Science, Technology and Research (A*STAR), and the Economic Development Board (EDB), with high level advisory committees to chart its course. As a result, pharma companies that have ventured forth in social media instead attempt to raise awareness around various diseases, advocate for patients, or blare corporate communications.HASNo pharmaceutical product shall be promoted for use in Singapore until the requisite approval for marketing for such use has been given by Health Sciences Authority, Singapore.
  8. Code of Marketing Practices (hereafter refers to as Code), established by the Singapore Association of Pharmaceutical Industries (SAPI) with the approval of its members, is to provide guidance for the proper conduct in the marketing and promotion of medicinal products and is to serve as basis for self-discipline within the industry. This would include any activity undertaken by the company or by distributors that promote the prescription, supply, sale, or distribution of pharmaceutical products, including vaccines. 3.9. Communications to the Public3.9.1. Where it is permitted by law to communicate directly with patients regarding their prescription medicines, all such information should be accurate, fair and not misleading. 3.9.2. Communications to the public may include the provision of patient package inserts and other leaflets and booklets, etc., made available to inform patients about products prescribed by healthcare professionals. 3.9.3. Where companies assist in the conduct of public/patient disease awareness programs providing information on, signs and symptoms of medical conditions, illnesses, and available treatments, such activities should comply with the Disease Awareness Guidelines of the H SA.3.9.4. Request from individual members of the public for information or advice on personal medical matters, including about the product which has been prescribed, should be redirected his or her own doctor.
  9. Foundation for understanding how and why the social media audience operates
  10. Out of 133 respondents, the ratio of male to female are 3:2 Approximately 60% of respondents fall in the age group of 26 to 30 yearsMost of our respondents fall in the income group of less than $20,000 SGD annually
  11. Psychographics is the science of using psychology and demographics to better understand consumers. Psychographic segmentation: consumer are divided according to their lifestyle, personality, values. Aliens within the same demographic group can exhibit very different psychographic profiles.[
  12. Share what you’ve already done within the organization - It reduces redundancy costs and helps build a more cohesive brand strategyAllow the consumer to be more aware throughout the entire development process of new drugs, including concept and clinical analysis, rather than simply being tagged on the end of a sales and marketing directive.
  13. Difficult to stay up-to-date on evolving social media tools and trends Integration of social media tools due to the dynamic nature of social mediaMedical and pharmaceutical professionals at the senior management level have proven to be not very adept with using social media tools
  14. based on the needs and wants of customers
  15. Networking is important. It is necessary to build your network so that you can reach out to more number of people for:to conduct interviews with industry expertsto build lasting relationshipsto roll out surveys or questionnairesPrior appointment should be taken via email or an authorized letter dictating the reasons for study of research and assistance requiredFollow-up with a thank you to respondents who have taken time out for in-depth interviews or send polite reminder mails to those who haven’t replied thus urging them to respond as soon as possibleRespect the timings of individuals and institutions and consider their convenience It is necessary to stay focusedBe goal-oriented and consider external factorsLearn to segregate the relevant information from irrelevant informationRemember there is always SCOPE TO LEARN!