Navigating value-based pricing amid the challenges of hybrid-flation requires a strategic approach. While it may pose difficulties, it is certainly achievable, especially with well-established capabilities. Despite the evolving landscape, the fundamental toolbox and principles remain constant. This paper advocates for heightened preparation and discipline when confronted with requests for price reductions.
In this article, the outcomes of a global AI-based pricing study are summarized: even though the majority of companies acknowledge the transformative potential of artificial intelligence (AI)-based pricing, actual adoption rates lag behind the enthusiasm. Numerous barriers impede its widespread application, yet for the companies that surmount these obstacles, the benefits are not just theoretical; they’re measurable and impactful. When properly implemented, AI-based pricing yields superior results.
In this article, the authors spotlight Netflix's innovative evolution within the Choice Game. With a fresh approach to its portfolio, including offerings like an ad-supported standard plan, Netflix can set the stage for sustained profitability.
During Wiglaf Pricing's Pricing and Profit Management Winter ’24 Tour, the company asked attendees to fill out a marketing survey. In this article, the author reviews the initial survey results and the conjoint analysis that he conducted to provide deeper insight into the respondents' customer preferences.
2023 was a tough year for many industries – including tech. However, despite a rocky start to 2024, many companies still expect to return to revenue growth in 2024 according to the results of Simon-Kucher’s 2023 Global Software Study. How? By implementing the four best practices of top-performing companies, which the authors explain in this article.
A pricing strategy and supporting pricing processes are critical for every organization. Managing the pricing process is complex and requires active management of the entire pricing lifecycle. With so many departments, processes, and factors in play, how do you determine if your pricing process is broken? To help you answer this question, the author has compiled the 10 most common symptoms of a broken pricing process discovered from working with some of the largest organizations in the world.
While companies may understand what makes them unique, they frequently neglect to consistently measure and evaluate the evolution of their differentiation strength. Effective competition necessitates constant measurement, management, and improvement of differentiation and advantage, as the author explains.
Given the swift and unpredictable shifts in the market, companies must possess the agility to adapt and remain competitive. Strategic adjustments in pricing enable companies to proactively respond to these changes, staying ahead of the curve and maximizing profits. This article emphasizes the crucial impact of strategic pricing research on companies' profitability and competitiveness. By aligning prices with customer preferences, businesses can optimize profits, increase market share, and foster customer loyalty, as the author explains.
The natural reaction in times of crisis is to increase discounts and to close deals at any cost to keep the lights on. There are things you can do without giving away the farm. Pricing can be a creative and innovative tool to accomplish remarkable success while delivering more value to your customers and prospects, as the author explains.
Author: Marcelo Krybus, CPP Proper control and analysis are indispensable [...]