Services

Pricing Strategy / Value Consulting

Simply put, pricing is one of the most difficult functions to manage. Pricing managers must sometimes play the role of alchemist – combining both art and science – to make decisions under a considerable degree of market uncertainty. Furthermore, pricing decisions require the input of sometimes competing demands from sales, marketing, finance, operations and even senior management, making the development of a cogent and coherent strategy difficult. Not least, pricing is the sole opportunity available to a company to reap the benefits of its activities and investments in serving its customers.

Although pricing managers can learn to overcome their pricing challenges in the competitive trenches of the marketplace, they often rely on trusted and knowledgeable advisors to guide them through difficult pricing decisions. Value Insights consults to senior pricing decision makers by offering the following consulting services:

Coaching – providing expert advice and direction when outcomes on pricing decisions are critical.

Pricing Strategy & Planning Facilitation – objective, third-party assistance in the planning and implementation of best practice pricing systems for the organization or business unit.

Tactical Pricing Simulations – enhancing decision-making by simulating the market impact of difficult pricing decisions with low risk trials.

Some of the specific issues we help clients with include:

• Developing a Long-Term Pricing Strategy
• Simulating Competitive Market Pricing Dynamics
• Successfully Implementing Price Increases
• Establishing the Pricing Function with the Organization
• Developing an effective Pricing Information System
• Dealing with an Aggressively Priced Competitor