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From airline tickets to bottled water, health clubs to student textbooks; price can have a profound impact in the market. Pricing decisions, right or wrong, can change buying behaviours, drive the profitability of businesses and even transform competitive landscapes.
For the price of a flexible economy ticket to Warsaw with British Airways, a traveller could buy 8 return flights with Air Polonia. How do companies like British Airways fight back against the value players? With profitability and competitive stakes high, pricing decisions are too important to leave to rules of thumb. Managers everywhere are devoting more attention to the art and science of pricing.
Smarter Pricing helps managers to make more intelligent pricing decisions, implement pricing strategies and structures more effectively in the market, and capture more value for their business. Using real-world international examples from a wide range of industries, Smarter Pricing explores: low price propositions, premium pricing, price sensitivity, incentivising customers to make profitable purchases, the rise of discounters and how to face the threats, the creative communication of pricing and bundling, promotions and and the benefits of non-comparability.
"Downward pressure on prices has rarely been stronger. A slogging global economy has had an impact, but so have fundamental changes in the marketplace including stronger buyers, more transparent markets, and the emergence of low-cost manufacturing powerhouses such as China........the need to get price management right could scarcely be more urgent. "THE POWER OF PRICING-McKinsey Quarterly, Jan 05.
- Sales Rank: #2611160 in eBooks
- Published on: 2010-04-08
- Released on: 2010-04-08
- Format: Kindle eBook
Review
" ... this crisp, comprehensive book by a marketing and strategy expert... cannot fail to pay dividends" - Director Magazine, February 2006
From the Back Cover
Are your prices too low?
Some of your customers would pay more, and there are times and places where you could charge more. Of course none of your customers will tell you this, as competitors tempt them with promises of lower prices and the media trains them to be bargain-hunters.
All this price pressure is one way. Downwards. This book will help you to move your customers and your business in the other direction. Upwards.
It’s all about commanding the right price, and the right price is, more than you would imagine possible, a higher one.
This is Smarter Pricing, and these are the rules of commanding a higher price and capturing more value.
About the Author
Tony Cram is a Programme Director at Ashridge Business School - one of Europe's leading centres for Management Development. Tony designs and delivers programmes on business strategy and market innovation.
Internationally he has taught at Swedish Institute of Management, Vlerick
Leuven Gent Management School, Stockholm School of Economics, PEF
University Styria, and University of Michigan, USA.
Tony has a particular interest is in understanding Customer Value,
developing brands and the dynamics of long-term business relationships. He
speaks at public conferences on competitive marketing and innovation, and
has written and contributed to many books including- Customers that Count
How to build living relationships with your most valuable customers.
(Financial Times Prentice Hall 2001), The Power of Relationship Marketing
(Pitman Publishing 1996, paperback ed. 2002).
Most helpful customer reviews
0 of 0 people found the following review helpful.
Great business management book
By Romeo Richards
This book is great for anyone in business management. The author touches on many different topics including making smarter pricing decisions, implementing pricing strategies, pricing sensitivity, creative communication of pricing, promotions, and so much more.
Romeo Richards
How To Market And Manage A Private Medical Practice
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