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The Price Advantage (Wiley Finance)
 
 

The Price Advantage (Wiley Finance) [Kindle Edition]

Walter L. Baker , Michael V. Marn , Craig C. Zawada

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Kurzbeschreibung

A comprehensive look at creating pricing strategies that work in both good economic times and bad

Written by three preeminent pricing experts at McKinsey & Company, the Second Edition of The Price Advantage is a practical pricing guide for the executive or pricing practitioner who wants to identify, capture, and sustain substantial pricing gains in their business.

Pricing is by far the most powerful profit lever that managers can influence. Yet few companies approach pricing in a way that fully capitalizes on its value. This Second Edition, a major revision and extension of the first book,shows you what it takes to achieve the price advantage in today's competitive and complex business environments. Based on in-depth, first-hand experience with thousands of companies, this book provides managers with a pragmatic guide through the maze of pricing issues. It reinforces why pricing excellence is more critical than ever today and then explains state-of-the-art approaches to analyzing and improving your own pricing strategy and execution.

  • Explores the fundamental role of pricing infrastructure in achieving the price advantage
  • Includes new topics such as software and information products pricing, lifecycle pricing, custom-configured products pricing, pricing of high-count product lines, pricing in distributed sales environments, "razor/razor blades" pricing, and tiered products and services pricing
  • Revisits the full range of classic McKinsey pricing tools, including the pocket price waterfall and value maps

Engaging and informative, the Second Edition of The Price Advantage will put this essential discipline in perspective.

Synopsis

The Price Advantage by three preeminent experts at McKinsey & Company is the most pragmatic and insightful book on pricing available. Based on in--depth, first--hand experience with hundreds of companies, this book is designed to provide managers with comprehensive guidance through the maze of pricing issues. The authors demonstrate why pricing excellence is critical to corporate success and profitability, then explain state--of--the--art approaches to analyzing and improving your own pricing strategy for any product or service. Their advice is critical for readers who need to develop pricing strategies that work in both good economic times and bad.

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Amazon.com:  16 Rezensionen
9 von 10 Kunden fanden die folgende Rezension hilfreich
Pragmatic Approaches a Businessperson Can Use 3. März 2004
Von Ein Kunde - Veröffentlicht auf Amazon.com
Format:Gebundene Ausgabe
The Price Advantage makes the case that pricing is the most under-appreciated lever for improving performance in most companies today. The authors put forth an argument that is compelling for business leaders in every company to elevate their view of pricing opportunities in general, and pricing as a key lever for performance management in particular. Most importantly, however, the book provides practical, pragmatic insights into what approaches a businessperson can take to identify and capture pricing opportunities. It brings both the opportunities and potential pitfalls to life through the frequent use of case examples where companies succeeded in "ringing the cash register" through effective pricing or left a great deal of money on the table through poor pricing actions.

Of particular usefulness are chapters on specific topics that a business leader tackling pricing is going to face sooner or later. The chapter on "industry strategy" where the authors lay out some of the tactics for being a price leader or good price follower seems to be fresh writing on these topics ( I have not seen anything written about this before, and I thought it was quite actionable). Also, the chapter on pricing architecture set forth nicely the different ways of structuring price to drive the right customer and reseller behavior, again providing a way to look at the issue that should drive toward results effectively.
The chapter on issues/opportunities that arise from mergers/acquisitions provides distinctive perspectives on how to take advantage of opportunities and/or avoid huge downside risks associated with these events. The price wars chapter provides a guide for many managers to utilize in avoiding counterproductive (often inadvertent) actions across the markets in which they compete. Sidestepping just one of the potholes that the authors describe is likely to save a business great pain. Executing a strategy that weaves its way through the price war minefield discussed is likely to make the business a top performer, and the managers leading such an effort heroes.

The discussion of pricing technology appeared only to scratch the surface, perhaps a necessity due to the rapid innovation underway. While I was left wanting more in this area, the book did provide a way to segment solutions and approaches in this area that should be useful for those exploring the range of options available in today's - or tomorrow's - marketplace.

Finally, as you would expect from the authors' backgrounds, the insights on how to architect an organizational change program provide a framework that should be useful regardless of whether the challenge is a large enterprise or if you're tackling a focused initiative to capture value in a single product line.

8 von 9 Kunden fanden die folgende Rezension hilfreich
The Price Advantage 16. Dezember 2004
Von Pricing Director - Veröffentlicht auf Amazon.com
Format:Gebundene Ausgabe
This is the best book on pricing out in the market today. It is easy to understand and pragmatic......not one of the theory intensive books written by academics that have little or no practical value. Mike Marn's ideas are both easy to understand and to implement. I manage pricing for a SBU of a very large industrial company. Using the ideas from the book (along with a lot of very hard work), we were able to realize a very significant improvement at our bottom line without adding to the competitive intensity of the marketplace. Nothing in the book is magic; however, it all hangs together. A company that executes well on his ideas, will no doubt improve their financial performance.
47 von 63 Kunden fanden die folgende Rezension hilfreich
Much of this is old hat, unfortunately 15. Februar 2004
Von Don King - Veröffentlicht auf Amazon.com
Format:Gebundene Ausgabe
A friend of mine who knows I have an interest in pricing sent me a free copy of this book. Michael Marn has led the pricing practice at McKinsey & Company for a long time now, and I'd been wondering why he hadn't published a pricing book before now.

Unfortunately it turns out to be something of a one-trick pony, and a pony pretty long in the tooth at that. About half of it talks about the well-known price-benefit map. No question it's a fundamental idea, but hardly leading edge. Plus you need a McKinsey team to execute it. Given the pedigree of the authors I was hoping for more. A lot of the book just repeats McKinsey's early work on price wars, postmerger pricing, and overall strategy--good stuff but again nothing new.

If you're interested in pricing, in my opinion there are better options than this. ...


Beliebte Markierungen

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&quote;
For a 5 percent drop in price to generate a 18.5 percent volume rise would require a price elasticity of -3.7 (price elasticity is equal to the percentage change in volume that occurs with a percentage point change in price; in this case 18.5 divided by -5). &quote;
Markiert von 12 Kindle-Nutzern
&quote;
wide price bands almost always indicate significant pricing opportunity. &quote;
Markiert von 9 Kindle-Nutzern
&quote;
The third level of price managementTransactionsfocuses on the exact price to assign to each and every customer transactionin other words, what discounts, allowances, payment terms, volume bonuses, and other inducements to apply to a starting-point list price, base price, or target price. &quote;
Markiert von 9 Kindle-Nutzern

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