Project Title: Comprehensive PBM market assessment and Brand positioning
Rescription, Inc
| Details | |
|---|---|
| Project Title | Comprehensive PBM market assessment and Brand positioning |
| Project Topics | Market Research Product Design & Development Research, Analysis, Evaluation Sales & Business Development Strategic Planning |
| Skills & Expertise | Brand Strategy Market Research Marketing Strategy |
| Project Synopsis: Challenge/Opportunity | Rescription Inc. seeks to deepen its understanding of the Pharmacy Benefit Management (PBM) landscape to refine its market positioning, identify emerging competitors and disruptors, and surface opportunities for differentiation. The student team will conduct an in-depth comparative analysis of key PBM players—from the industry giants to emerging innovators—with a focus on customer service models, technology integration, incentive programs, marketing strategies, and geographic presence.
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| Project Synopsis: Activities/Actions Required | Conduct primary and secondary research on major and minor PBM players in the U.S. Analyze business models, incentive structures, pricing strategies, and technologies used. Develop SWOT analyses and competitor matrices. Evaluate customer-facing innovations and marketing tactics. Synthesize key differentiators and opportunities for Rescription Inc
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| Project Synopsis: Expected Results | Deliver a comprehensive competitor analysis including profiles of 6–10 key PBMs Identify 3–5 high-potential areas of differentiation for Rescription Inc. Develop a visually engaging, data-backed strategy summary for internal stakeholders Offer strategic insights on both domestic and select international PBM trends
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Project Timeline
| Touchpoints & Assignments | Date | Type |
|---|---|---|
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Project Kickoff |
May 13 2024 | Event |
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Projects Finalized |
May 13 2024 | Event |
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Program Kickoff |
May 13 2024 | Event |
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Project Proposal Deadline |
May 13 2024 | Event |
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Student Onboard & Assigned Teams |
May 13 2024 | Event |
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Student Pre-Kick-off Self-Assessment Form 05/13/2024 |
May 13 2024, 20:00 PM | Evaluation |
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Student Temperature Check 06/18/2024 |
Jun 18 2024, 20:00 PM | Evaluation |
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Student Temperature Check 07/16/2024 |
Jul 16 2024, 20:00 PM | Evaluation |
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Project Complete |
Aug 25 2024 | Project Milestone |
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Project Complete |
Aug 25 2024 | Event |
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Project Complete |
Aug 25 2024 | Project Milestone |
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Industry Mentor Post-Engagement Team Assessment Form 08/25/2024 |
Aug 25 2024, 20:00 PM | Evaluation |
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Student Post-Engagement Self-Assessment Form 08/25/2024 |
Aug 25 2024, 20:00 PM EST (UTC-05:00) | Evaluation |
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Project Complete |
Aug 25 2024, 20:00 PM | Project Milestone |
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Student Post-Engagement Peer Assessment Form 08/25/2024 |
Aug 25 2024, 20:00 PM | Evaluation |
Program Managers
| Name | Organization |
|---|---|
| April Sime | Montclair State University |
Teams
| Team Name | Project Name | Team Members |
|---|---|---|
| No Teams Available |
