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(Tues) Pricing and Corporate Strategy with Tim Smith, Ph.D., CPP & Kyle Thompson-Westra, CPP

(Tues) Pricing and Corporate Strategy with Tim Smith, Ph.D., CPP & Kyle Thompson-Westra, CPP

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To get pricing done right, companies must define the structure, routines, and culture of their organizations. Pricing teams must track pricing decisions from business strategy through pricing strategy, market pricing, and price variance policy all the way to price execution, including new offering development, the sales strategy, and international markets.

This workshop will share how leading firms are integrating different pricing and price management techniques throughout the corporation to maximize both growth and profitability. Attendees will learn to use the value-based pricing paradigm to drive pricing decisions across the entire organization. We will discuss in-depth how to define the structure, routines, and culture of the organization to drive value-based pricing orientation throughout all decisions that impact price capture.

This workshop will also explore how to transform the relationship between sales and pricing toward a mutually constructive goal of capturing profitable customers. We will discuss how to drive pricing decisions into new offering development in order to improve market acceptance and price capture on innovation, from the moment of launch through maturity. Attendees will learn how to utilize contextualization to appropriately set prices in international markets and construct successful market-entry strategies.

Participants will learn:

  • How to use value-based pricing to drive pricing decisions across the organization
  • How to gauge the appropriate price response to a competitive threat
  • How to design your pricing council and pricing organization