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EncartaLabs

Strategic Pricing for Finance Professionals

( Duration: 2 Days )

The Strategic Pricing for Finance Professionals training course introduces to the world of pricing strategy, which is both an art and a science.

Pricing is often the domain of the sales and marketing department. We will show you why that can be dangerous and why finance can and should take an active role in pricing strategy. This will review some established techniques as well as some alternative strategies.

In particular we will look at:

  • The business of pricing
  • Pricing challenges
  • Cost based pricing
  • Competitor based pricing
  • Customer based pricing

COURSE AGENDA

1

The business of pricing

  • Attitudes towards pricing
  • The unfounded fear against increasing prices
  • A note on ethics
  • Context of profit and growth
  • The impact of higher strategic prices
2

Pricing challenges

  • Customers only want the cheapest
  • Loss leaders work
  • Discounting works!
  • Raising prices loses customers
  • Presentation of the price doesn’t matter
  • Sales or marketing should set prices
  • Set prices annually
  • Every sale & every customer matters
3

Cost based pricing

  • Cost plus pricing
  • Mark ups versus margins
  • Other poor pricing techniques
4

Competitor based pricing

  • Undercut competitors
  • Positioning pricing
  • Price penetration
  • Price stairways
5

Customer based pricing

  • Value pricing
  • Value techniques
  • Directional pricing
  • Presentation of prices
  • Price research

Encarta Labs Advantage

  • One Stop Corporate Training Solution Providers for over 6,000 various courses on a variety of subjects
  • All courses are delivered by Industry Veterans
  • Get jumpstarted from newbie to production ready in a matter of few days
  • Trained more than 50,000 Corporate executives across the Globe
  • All our trainings are conducted in workshop mode with more focus on hands-on sessions

View our other course offerings by visiting https://www.encartalabs.com/course-catalogue-all.php

Contact us for delivering this course as a public/open-house workshop/online training for a group of 10+ candidates.

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