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Pricing During Turbulent Times - (Paul Hunt)

Pricing During Turbulent Times - (Paul Hunt)

$695.00


This is a dangerous time for pricing. A recession, combined with large fluctuations in commodities and exchange rates are making it extremely difficult to manage pricing. This course is focused on helping pricers be more effective during this time of economic uncertainty.

Module 1 - Overview

  • The forces of turbulence
  • Building a “Turbulence Score” for your company/industry
  • The 7 pricing dangers of turbulence

Module 2 – Changing Customer Needs

  • Staying in touch with changing customer needs
  • Best practices in forecasting demand at different price levels during turbulent times
  • Handling negotiations with customers

Module 3 - Smart Competitive Pricing

  • How to minimize the chances of a price war
  • Participants will compete in an experimental “Price Wars” game
  • How to outmaneuver the competition

Module 4 – Strategies for a Recession

  • Strategic adjustments that protect margins
  • Implementing smart price changes
  • Principled price responsiveness to changes in the economy

Module 5 - Handling Turbulence Handling Turbulence in Commodities and the Exchange Rate

  • Protecting your pricing during fluctuations in the exchange rate
  • How to handle fluctuations in commodities
  • Processes for ensuring better decision-making

This course includes case studies, group discussions and interactive exercises that allow pricers to experience the impact of turbulence.

By the end of this session, pricers will be better equipped to handle the external forces that are impacting their business.


Meet Your Instructors

Paul Hunt
President, Pricing Solutions

Over the past 20 years he has focused on pricing and has conducted over 500 engagements that have delivered more than $1 Billion dollars worth of value.

Paul works extensively in both B2B and B2C and has cross pollinated best practices across the two business models that have lead to significant returns for his clients. His clients include leading companies such as: J&J, GE, Ingersoll Rand, Pfizer, Marriott and Exxon.

Paul is also a frequent lecturer and trainer on pricing strategy and has also published several articles in leading magazines and journals.