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As a Ph.D. candidate, Stephan Liozu studied the organizational and behavioral factors influencing the firm transformation towards pricing excellence. Pricing excellence combines both dimensions of pricing orientation and pricing realization leading to superior pricing power and ultimately to superior firm performance.
The results of his research investigations suggest that this transformation requires deep organizational change and a unique architectural design combining of 5 organizational C’s: change capacity, championing behaviors, capabilities, organizational confidence and center-led pricing management. Firms that underwent this transformation required an organizational mobilization that would last an average of 4 to 7 years. Pricing excellence is a journey and not a destination. Pricing requires continuous investments, sustained management attention, and dynamic capabilities.
ARDEX Americas has embarked in the transformation journey in the middle of 2008 under the leadership of Stephan Liozu and is still on going. While developing the 5 C’s model towards pricing excellence, he was able to pilot and test this framework at ARDEX Americas.
During this Online Course, Stephan Liozu will briefly introduce and review each element of the transformational model as well as present the ARDEX Americas transformation case study. He will introduce the various steps of this transformation, how the journey is going and what lies ahead.
Introduction to new and exciting findings from academic research on how to transform an organization to reach pricing excellence
Introduction to each of the organizational factors and theoretical and empirical data will be presented to support the framework
Discover practical ways and tips to make this transformation successful
Discover the CEO perspective on the importance of pricing and of having the right pricing orientation
Duration: 205 minutes
Stephan M. Liozu is a creator, a disruptor, a designer, and an innovator. With over 20 years of experience in business, he has recently focused on design and creativity in value and pricing strategies. Stephan has worked for both Fortune 500 companies and family-owned businesses. He holds a Master’s degree in Innovation Management and is currently pursuing a Ph.D. in Management (exp. 2013) from Case Western Reserve University.
Over the past few years, Stephan published academic articles in the Journal of Revenue & Pricing Management, Journal of Business Strategy, MIT Sloan Management Review, Industrial Marketing Management, as well as in the Journal of Strategic Marketing. He has also written several articles on strategic pricing issues for the Journal of Professional Pricing and is a regular presenter at Professional Pricing Society conferences in Europe and North America, as well as the Strategic Account Management Association conferences.
He co-authored Innovation in Pricing – Contemporary Theories and Best Practices (with Dr. Andreas Hinterhuber) that was published in the fall of 2012. Stephan sits on the Advisory Board of LeveragePoint Innovation and of the Professional Pricing Society.