Pricing 4Dx (live online)
Strategy and Innovation
Program Days (for ACE Credit) 2
Pricing 4Dx will help managers increase their level of pricing sophistication and mitigate the mistakes many firms make regarding pricing strategy. We will discuss the "zone of indifference" and how to establish the broad value band within which prices need to be set. Participants will learn about correct survey techniques to ask the right pricing questions before a product is launched, and will practice calculating price elasticities for different customers—some are willing to pay more! They will explore the pricing spectrum, from a primitive, "gut-feel" approach to complex segmentation, and learn how to apply pricing metrics to make better decisions. Participants from a variety of industries will collaborate virtually and team up on projects that test their new pricing knowledge. This is a technical class that requires the use of spreadsheets and data analysis in the online environment.
Participants in this program will interact in real time with high-quality video lessons, other participants, and faculty through personalized avatars in an immersive, virtual classroom. High speed internet with appropriate bandwidth and the interest and ability to use the required technology and software are critical success factors.
Participants will meet from 10:00 AM - 12:00 PM during the week of the sessions, however they should plan to stay up to 30 min longer, if needed. The sessions planned are:
November 29 - December 14, 2016:
Tuesday, November 29 through Thursday, December 1
Tuesday, December 6 through Thursday, December 8
Wednesday, December 14
April 25 - May 10, 2017:
Tuesday, April 25 through Thursday, April 27
Tuesday, May 2 through Thursday, May 4
Wednesday, May 10
The program will be conducted in an online environment where participants can view video lessons and complete group action learning activities led by the faculty. This rich, engaging experience can be accessed by participants wherever they are in the world at the times the sessions are delivered and bridges the energy, exploration and idea flow of physical learning into a personalized online experience.
Two webinars will be offered in advance of the program start. Participants should plan to attend one of them to meet other participants, propose project ideas and form 2-3 person project groups. One Gmail address per project group is required in order to utilize Google Sheets during exercises.