METHOD AND SYSTEM FOR IMPROVEMENTS IN OR RELATING TO SALES AND MARKETING PRACTICES

• US 20090132338A1
• Filed: 11/20/2007
• Published: 05/21/2009
• Est. Priority Date: 11/20/2007
• Status: Abandoned Application

• Current Assignee: Diaceutics Co.
• Original Assignee: Diaceutics Co.
• Inventors: SMART, David, KEELING, Peter
• Application Number:
  US11/943,539
• Publication Number:
  US 20090132338A1
• Time in Patent Office: Days
• US Class Current: 705/10
• CPC Class Codes: G06Q 30/00 Commerce
• CPC Class Codes: G06Q 30/0206 Price or cost determination based on market factors

Abstract

A method of identifying whether a first product should be sold or marketed, associated with a predetermined diagnostic, based on the impact of the predetermined diagnostic on one or more other products which are similar to the first product in one or more respect, and where not all the other products have experienced the predetermined diagnostic. The method comprises the following steps: determining one or more marketing factors associated with the product which are potentially influenced by the predetermined diagnostic; determining a scoring scheme associated with the or each marketing factor for deriving a score associated with the first product; comparing the score of the first product with a score associated with the said one or more other products; identifying the one or more other products that have a score within a predetermined threshold of the score for the first product, to identify one or more possible matching other products; and determining whether the one or more possible matching products have experienced the predetermined diagnostic in order to determine whether the first product should be sold or marketed, associated with the predetermined diagnostic.

Claims

1. A method of identifying whether a first product should be sold or marketed, associated with a predetermined diagnostic, based on the impact of the predetermined diagnostic on one or more other products which are similar to the first product in one or more respect, and where not all the other products have experienced the predetermined diagnostic, the method comprising the steps:

determining one or more marketing factors associated with the product which are potentially influenced by the predetermined diagnostic;

determining a scoring scheme associated with the or each marketing factor

combining scores from the scoring scheme for the or each marketing factor to produce a final value associated with the first product;

comparing the score of the first product with a similarly-calculated score associated with the said one or more other products;

comparing the score for the first product with that of other products with similarly calculated scores, to identify one or more possible matching other products;

determining whether the one or more possible matching products have experienced the predetermined diagnostic in order to determine whether the first product should be sold or marketed, associated with the predetermined diagnostic.

2. A method according to claim 1, further comprising applying the predetermined diagnostic in final marketing or selling of the first product.

3. A method according to claim 1, further comprising deriving a score associated with the one or more other products and storing the score associated with the one or more of the products in a database.

4. A method according to claim 1, further comprising normalizing the scores before comparing the scores in the first product with those of the other products.

5. A method according to claim 4, wherein the step of normalizing the scores comprises applying one or more mathematical operations to the scores such operations being selected from a group including but not limited to multiplication by a weighting factor, stratification according to set levels, subtraction from a set value.

6. A method according to claim 1 wherein an aggregate score is produced from the normalized scores by applying one or more mathematical operations such mathematical operations being selected from the group including, but not limited to summation of factors;

summation of squares of factors;

weighted summation of squares of factors;

summation of one squared factor and other non-squared factors;

7. A method according to claim 1 wherein the score calculated for a given product such as a test value is compared to a plurality of scores derived from calculation of similar factors for other products such as a comparison value.

8. A method according to claim 7 wherein the comparison method may selected from a group including but not limited to comparison of magnitudes of test value and mean of comparison values, comparison of test value with an element of the variance of the comparison values for example mean +/−

2 standard deviations, comparison of the test value in relation to comparison values from two groups of products which differ in their requirement for the predetermined diagnostic.

9. A method according to claim 1, further comprising selecting the first product to be a pharmaceutical.

10. A method according to claim 1, further comprising selecting the one or more other products to be a pharmaceutical.

11. The method according to claim 1, further comprising determining whether the first product should be marketed or sold with a test associated therewith.

12. A method according to claim 1, further comprising selecting the factors from the list including but not limited to regulatory requirements, frequency of side-effects, the severity of side effects, effectiveness of the product, product revenues, positive attributes of the product, negative attributes of the product.

13. A computer program comprising instructions for carrying out the method according to claim 1, when said computer program is executed on a computer system.

14. A computer program comprising instructions for carrying out the method according to claim 3, when said computer program is executed on a computer system.

15. A computer program comprising instructions for carrying out the method according to claim 4, when said computer program is executed on a computer system.

16. A computer program comprising instructions for carrying out the method according to claim 5, when said computer program is executed on a computer system.

17. A computer program comprising instructions for carrying out the method according to claim 6, when said computer program is executed on a computer system.

18. A computer program comprising instructions for carrying out the method according to claim 7, when said computer program is executed on a computer system.

19. A computer program comprising instructions for carrying out the method according to claim 8, when said computer program is executed on a computer system.

20. A method of storing data collected in accordance with claim 1, the method comprising storing data related to products, marketing factors, scores and final values for comparison in a database;

updating the stored data based on changes to the marketing factors so as to update the scores and final values for comparison.