Marketing Audit Approach
Schering-Plough Corporation is a global pharmaceutical company which manufactures and markets prescription, consumer and animal health products worldwide. The company operates in the US, Europe, Canada, Latin America and Asia. Schering Plough's net sales in 2005 were $9.5 billion, an increase of $1.2 billion, or 15%, over the 2004 period. In 2005, six of the company's top 10 products achieved double-digit sales growth. Schering achieved huge success during 2005, with other products targeted to primary care physicians.
A marketing audit of Schering Plough will be conducted to analyze the marketing strategy of the company. The marketing audit will provide information on the external environment, internal structure of the company, assess the company's marketing program, performance, how the company's business objectives translated into successful marketing plans and provide recommendations for future consideration. The following parts of the marketing audit will be discussed.......
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