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 Pricing: Strategy and Tactics Too often, managers treat pricing as a tactical problem in financial analysis or sales management. In fact, pricing products and services is a strategic problem that requires coordination of many functional areas. The ability to manage effective pricing affects a company's growth and profitability more quickly and directly than any other strategic decision.
Program Dates and Fees
| October 18-22, 2010 |
$7,650.00 |
| February -11, 2011 |
$7,650.00 |
| May 23-27, 2011 |
$7,650.00 |
| October 24-28, 2011 |
$7,650.00 |
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 During this program participants will learn to: - Change customers' price perceptions to capture more value.
- Standardize discounting criteria to enable salespeople to respond more quickly and consistently with price offers that meet customers' needs.
- Evaluate the real financial implications of pricing decisions.
- Use pricing strategically to guide a business to long-term profitability, rather than reactively to solve short-term problems.
- Determine when it makes sense to compete on price and when it does not.
- Determine which value-added alternatives to price competition are appropriate for your business.
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 Who Should Attend This seminar is designed for senior managers and executives of companies in business-to-business, service, and consumer markets, who analyze, recommend, or approve pricing decisions. It is especially valuable for directors of marketing, finance, sales, and planning and for managing directors and presidents of smaller companies, who are introducing new products, facing significant price competition, or failing to achieve prices that reflect the value they deliver. |
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 Program Outline Strategic Versus Tactical Pricing: Asking the Right Questions
Strategic Pricing Tools and Applications
Setting Profit Maximizing Prices
Pricing Psychology
Costing and Financial Analysis
Managing Price Competition
Organizational Transformation
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 Sanjay Dhar  Sanjay Dhar has been a Chicago faculty member since 1992. Many sources have recognized Professor Dhar for his excellence in teaching. He received the 2008 Hillel Einhorn Teaching Award voted by executive MBA students in Asia, the prestigious McKinsey Teaching Award in 2000 awarded once every 2 years, was cited among the outstanding faculty in BusinessWeek's Guide to Best Business Schools (McGraw-Hill, 1997, 1999 and 2001), and in 1994 was awarded the Emory Williams Teaching Award by students for outstanding teaching performance. In 2006, the Economic Times (India) identified Professor Dhar as one of twelve “Indians who have made a global impact on marketing research and thought”. He currently serves as faculty director of the Kilts Center of Marketing and was recently rated as one of 6 "must-have" professors at Chicago Booth by Veritas Prep in 2010 Annual Report on Chicago Booth. |
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 Georg Müller Georg Müller is an associate partner at Monitor Group and a senior leader of the firm’s pricing practice and co-lead of its analytics group. His client work focuses on helping companies make more profitable pricing decisions through better analytical insights, clearer linkages between customer needs and strategic choices, and improved organizational capabilities. He has worked in a variety of industry sectors that include publishing, distribution, technology, and consumer products. |
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  Classes are held at the Gleacher Center of the University of Chicago Booth School of Business, 450 North Cityfront Plaza Drive, situated along the Chicago River (one block east of Michigan Avenue), in the heart of the downtown district known as "The Magnificent Mile." The Center is within walking distance from some of Chicago's most exciting retail and entertainment areas. |
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 Hotel Accommodations and Reservations
A limited block of rooms have been reserved for a discounted rate at the
InterContinental Chicago
505 N. Michigan Avenue
Chicago, IL 60611
Phone: 801.401.5226 or 800.235.4670 (toll-free)
Fax: 312.321.8725 |
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"The instructors provided excellent insight and real world illustrations of the strategic power of pricing structure and policy in business. Everyone in management will benefit from these principles and techniques."
-Charlie Rogers,
Director of Customer Service
FMC Food Tech Inc. |




Oct 11-Oct 15 '10 Feb 18-Feb 14 '11 Jun 13-Jun 17 '11
Sep 27-Sep 30 '10 Jan 24-Jan 27 '11 May 16-May 19 '11
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