December 4 - 8 - Chicago, IL
Executive Education
University of Chicago Topic: Pricing - Strategy and Tactics University of Chicago, Chicago, IL
Too often, managers treat pricing as a tactical problem in financial analysis or sales management. In fact, pricing products and services is a strategic problem that requires coordination of many functional areas. The ability to manage effective pricing affects a company's growth and profitability more quickly and directly than any other strategic decision.
During this program participants will learn to:
Change customers' price perceptions to capture more value.
Standardize discounting criteria to enable salespeople to respond more quickly and consistently with price offers that meet customers' needs.
Evaluate the real financial implications of pricing decisions.
Use pricing strategically to guide a business to long-term profitability, rather than reactively to solve short-term problems.
Determine when it makes sense to compete on price and when it does not.
Determine which value-added alternatives to price competition are appropriate for your business.