strategic pricing for finance professionals

The Strategic Pricing for Finance Professionals training course introduces delegates into the world of pricing strategy, which is both an art and a science.

Pricing is often the domain of the sales and marketing department. We will show participants why that can be dangerous and why finance can and should take an active role in pricing strategy. This will review some established techniques as well as some alternative strategies.

In particular we will look at:

  • The business of pricing
  • Pricing challenges
  • Cost based pricing
  • Competitor based pricing
  • Customer based pricing

COURSE AGENDA

  • Customers only want the cheapest
  • Loss leaders work
  • Discounting works!
  • Raising prices loses customers
  • Presentation of the price doesn’t matter
  • Sales or marketing should set prices
  • Set prices annually
  • Every sale & every customer matters
  • Attitudes towards pricing
  • The unfounded fear against increasing prices
  • A note on ethics
  • Context of profit and growth
  • The impact of higher strategic prices
  • Cost plus pricing
  • Mark ups versus margins
  • Other poor pricing techniques
  • Undercut competitors
  • Positioning pricing
  • Price penetration
  • Price stairways
  • Value pricing
  • Value techniques
  • Directional pricing
  • Presentation of prices
  • Price research