Abbott Product Manager in Santa Clara, California
At Abbott, we're committed to helping people live their best possible life through the power of health. For more than 125 years, we've brought new products and technologies to the world -- in nutrition, diagnostics, medical devices and branded generic pharmaceuticals -- that create more possibilities for more people at all stages of life. Today, 99,000 of us are working to help people live not just longer, but better, in the more than 150 countries we serve.
Responsible for implementing and maintaining the marketing strategy and tactics for products in the US market 1) Achieve US product line sales and margin by driving execution of sales and marketing plan, tracking actuals vs. target and other key metrics such as closes, any losses, and growth within accounts, and adjusting tactics as needed to achieve targets. 2) Develop sales tools (literature, brochures, website, and all media), training materials, and field sales and customer communications to support sales and the customer and address any product line issues. Assess value, plan, and coordinate presence at key industry meetings. Support field efforts to participate in and conduct local channel meetings that drive customer adoption. Comprehend channel marketing efforts and requirements in managing development of promotional media. Develop sales educational/promotional pieces as appropriate: Initiate/manage/implement publications/ competitive comparisons to support business strategy as appropriate. 3) Build relationships with key customers, thought leaders, trade associations, and industry players to facilitate sales and increase positive visibility and adoption of Abbott products. Participate in various channels (including, Govt business) development discussions and provide input to drive development to higher value products that improve healthcare. 4) Work with Finance, Marketing Manager, Directors and Regional Managers to provide business analysis and support development of PLAN, Update, and LBEs. Provide monthly assessment of product line performance in sales, margin, new closes, and other issues affecting business prospects. 5) Approve a field notification on a product performance issue: understand key technical issues, clearly communicate in written form, anticipate customer/ competitor response and minimize negative reaction 6) Marketing Meetings: Organizes and facilitates national marketing meetings. Works with a broad array of internal and external groups to assure that marketing goals are achieved. Develops and presents product information and training to sales force and key customers. Participates in product strategy development; Visits customers/has VIP contacts Chooses reference centers to run clinical studies/trials. Follows up closely on projects in collaboration with others. Negotiates and prepares contracts for support/service. May be required to establish and maintain close relationship with labs which work as confirmation centers for specific channels. As required, make sure that customers can send in reagents to have them tested. Internal Contacts: Provides leadership by representing the customer and driving products to market. Develop and implement marketing strategy for point of care product line. Works closely with Sales and field management to develop and execute product marketing strategies.
1) Define a marketing plan in a new and or defined market.
Work with worldwide marketing and a venture team.
Define target market.
Understand key customer needs.
Differentiate our product from the competition.
Quantify the sales and profit opportunity.
Define the strategy.
Communicate the strategy and gain agreement from various channels.
2) Develop marketing plan for existing and new product lines with analysis and insights.
Including strategies and specific tactics and resources to drive growth opportunities and address key risks.
3) Product and Campaign Launches:
Complete a launch or campaign package.
Organize information in a logical concise manner.
Provide positioning to differentiate the product from the competition, approve package insert.
Verify ordering information is in the system.
4) Drive execution of strategies and tactics in the field through extensive field travel, creative promotions, by identifying and using key marketing channels, and training of sales teams during national and local meetings.
5) Conduct formal market research.
Understand questions that need answering, clearly and objectively define an objective around those questions.
Anticipate the potential outcomes and know what you will do with this information, communicate objective.
Results of market research and recommend actions.
7) Forecast existing and new products.
Establish unit/dollar projections and determine cannibalization impact.
Responsibility for handling backorder / allocation issues with specific product line.
8) Project Management:
Manages the marketing aspects of projects involving cross functional groups.
Accountability / Scope / Budget
1) Manage a marketing budget for specific product line: anticipate expenses and plan a budget, track expenses.
2) Complete training and build skills to meet key requirements and expand capabilities in the job.
Key areas of focus include all channel Marketing, Business including, POC Industry, Compliance, and Quality Systems.
Minimum Education & Experience
Bachelors Degree with at least 4-6 years related experience, with at least one yr experience in marketing or product management, or MBA with 1-3 yrs related experience. Product management experience in medical products or services preferred. Strong presentation & communication skills, strategic planning, critical thinking and analysis of market conditions.
An Equal Opportunity Employer
Abbot welcomes and encourages diversity in our workforce.
We provide reasonable accommodation to qualified individuals with disabilities.
To request accommodation, please call 224-667-4913 or email email@example.com