Pricing for Profitable Decision-Making

Carlson School of Management

How long?

  • 3 days
  • in person

What are the topics?

Carlson School of Management

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Who should attend

  • Vice presidents
  • Directors
  • Marketing, pricing, sales, or finance managers
  • Market researchers
  • Brand and business developers

About the course

Pricing is one of the most important levers in the business with a direct impact on the bottom line. Understanding the growing power of value-based pricing is critical to business success. This course will delve into the psychology of pricing strategies, while considering the perspective of your customer, competition, and company.

Pricing is becoming an increasingly important tool to businesses that have the insight and sophistication to leverage it correctly. As businesses are better able to segment the market, they're positioned to increase the sophistication of their pricing efforts and deliver the right price to the right customer.

While pricing has always been an important component of an organization's bottom line, there's new opportunity for pricing to deliver tremendous value. This course will arm participants with the tools they need to price for profitability and is designed for any professional who wants to have an impact on the bottom line.

This course helps participants understand value-based pricing and the role pricing plays in their organization's marketing strategy and beyond. Participants will adopt a holistic approach to pricing and discover the tools and skills to be able to make the right pricing decisions for the firm based on its goals.

This course is highly interactive and includes case studies, individual readings, and group discussions. Participants will explore conceptual frameworks and practical applications to analyze pricing from an economic and psychological perspective. Using a template for pricing decisions and practical guidance to formulate strategy, they’ll leave this class prepared to identify the most profitable pricing opportunities and determine pricing sensitivities.

Key Benefits

  • Learn how to build strategic pricing capabilities within your company
  • Develop methods to identify the most profitable pricing opportunities
  • Examine current pricing practices with the direction of pricing experts
  • Effectively fight price wars

Experts

Seth Werner

Seth Werner is a Senior Lecturer in the Marketing Department at the Carlson School of Management at the University of Minnesota and is a frequent lecturer at the China Europe International Business School (CEIBS) in Shanghai, China. For the past twelve years he has been teaching primarily Marketi...

Kathleen Vohs

Education BA 1996 Psychology Gustavus Adolphus College PhD 2000 Psychological and Brain Sciences Dartmouth College PostDoctoral Research Research fellow (funded by NIMH) 20002003 Case Western Reserve University and University of Utah Expertise Selfregulation Meaning and happiness Sexual eco...

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Pricing for Profitable Decision-Making at Carlson School of Management

From  $4,500

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.