Pricing News Daily > 8/1/17

pricingnews-DailyPricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals, business owners, creative professionals, and independent contractors.

This Edition is brought to you by:value innoruption final 0612 rev

 

 

Value Innoruption Advisors

Founded by Dr. Stephan Liozu, Value Innoruption Advisors provides training and consulting resources for organizations interested in embedding value-based methodologies in their go-to-market strategies related to innovation, marketing, pricing, and sales. Value Innoruption Advisors offers two popular value and pricing management certification programs – Customer Value Modelers™ (CVM™) and Change Agent in Pricing™ (CAP™).

Click a link below to learn more…

 

Headlines

Chuck E. Cheese’s: Where a Kid Can Learn Price Theory | Freakonomics

Chuck E. Cheese’s: Where a Kid Can Learn Price Theory | Freakonomics

We ask: what’s price got to do with it? CORROY: I mean, I think it certainly could be. And we hear Steve Levitt’s brilliant idea for testing this theory: LEVITT: Maybe I could dress up as a child, you could be the adult. And then we can see how many other parents, if I monopolize […]

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Careem and Uber’s price surcharge is here to stay | DAWN.COM

Careem and Uber’s price surcharge is here to stay | DAWN.COM

Over the past month, there has been a barrage of criticism by users of ride-hailing services like Uber and Careem. The reason behind this criticism has been the higher than usual fares due to price surcharges. So why are we seeing this peak or surge pricing model come in to play? The short answer is […]

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Strategic pricing brings in 11 offers for updated midtown house | The Globe and Mail

Strategic pricing brings in 11 offers for updated midtown house | The Globe and Mail

The Action: In late June, this three-bedroom house with private parking was strategically priced under $1.4-million to draw attention away from other midtown options and incite a bidding war. “The key to doing that is you have to be very aggressive in the asking price,” says agent Andre Kutyan, who ultimately juggled 11 offers. “[Plus,] […]

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Internet pricing 101: Why costs are all over the map | The San Diego Union-Tribune

Internet pricing 101: Why costs are all over the map | The San Diego Union-Tribune

There are 95 million American households with fixed — as in, not wireless — internet access, but few of us really understand why we pay what we pay, especially when we hear about a neighbor or relative with a cheaper rate and faster speed. The answer isn’t especially enlightening or comforting. In fact, we know […]

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China fines domestic medicine companies for monopoly pricing | Post Online Media

China fines domestic medicine companies for monopoly pricing | Post Online Media

The two companies have since restored regular pricing and revived market competition. Monopoly practices in the pharmaceutical sector have been a focus of China’s anti-monopoly supervision for some time. The case will help regulate active pharmaceutical ingredient pricing and ensure a fair environment for medicine purchases and sales, according to the NDRC. The NDRC has […]

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De Blasio Talks Faith, Congestion Pricing Gets New Look: 5 Campaign Headlines for July 31 | City Limits

De Blasio Talks Faith, Congestion Pricing Gets New Look: 5 Campaign Headlines for July 31 | City Limits

Congestion Pricing, Where Are You Now? City & State To many of its supporters, congestion pricing is such an obvious solution that they describe it as inevitable. But since Cuomo and de Blasio took office, the rancorous pair have been united in their disinterest, even as the subway falls apart on a near-daily basis. “It’s […]

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Could congestion pricing save the subway? | City & State New York

Could congestion pricing save the subway? | City & State New York

The million-dollar question is: How can it all be fixed? For years, transit advocates have pointed to congestion pricing as a two-for-one solution: Motorists, including taxi and Uber passengers, would pay more to drive in the congested heart of Manhattan. The money would be used to improve and expand the city’s mass transit system, so […]

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Oxera – Leading economic thinking in Oxera’s Agenda articles | Oxera

Oxera – Leading economic thinking in Oxera’s Agenda articles | Oxera

Competition authorities have historically pursued very few cases against excessive pricing. This seems to be changing. In the past 12 months, the rules on abuse of dominance have been invoked to tackle high prices in a range of markets, including pharmaceuticals, musical works, and patents. Together with increased political calls for fairness to consumers, does […]

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Featured Content and Events

Book: Dollarizing Differentiation Value – A Practical Guide for the Quantification and the Capture of Customer Value

Book: Dollarizing Differentiation Value – A Practical Guide for the Quantification and the Capture of Customer Value

Summary: Now is the time to answer that “value” question so well and so completely that your organization thrives. The biggest winners in the 21st century will have value-based strategies, value-based innovation, value-based marketing, and value-based pricing. There has never been a more exciting and lucrative time to pay attention to value and turn a […]

 

IQPC RPO Chicago 2017 300x250 Ad

Conference: Pricing & Revenue Optimization Executive Forum 2017 | IQPC

Date: August 23-24, 2017

Location: Chicago, IL

Blending Art and Science to Spark the Next Pricing Evolution – A More Meaningful Way for Qualified Senior Pricing Leaders to Share Strategic Insights

A Series of Facilitated Executive Roundtables for the Senior Pricing Professional

Bringing together a roster of master innovators in the pricing space, the inaugural Pricing and Revenue Optimization Executive Forum offers a rare opportunity to step outside the myopia of your day-to-day.

After extensive surveys of pricing leaders across multiple industries, we’ve created a program around the imminent challenges that you’re tackling now.

It will get intense. Maybe even a bit heated. But either way you’ll walk away with a more expansive outlook on how to optimize your margins.

 

Conference: 28th Annual Fall Pricing Workshops & Conference | PPS

Conference: 28th Annual Fall Pricing Workshops & Conference | PPS

Date: October 24-27, 2017

Location: Hilton San Diego Bayfront in San Diego, California

Hear from our President, Kevin Mitchell, give insight on the conferences we offer.  Please make plans to join us and well over 500 of your peers for the best event anywhere as we discuss Data, Change Management and the Profit Landscape. Don’t miss out on the Early Bird Discount (Buy 2 Get 1 Free). It expires September 15th!

CONFERENCE HIGHLIGHTS

  • 12 Certified Pricing Professional Workshops
  • 4 Breakout Tracks
  • Over 40 Speakers
  • 2 Full Conference Days
  • Over 100 Hours of Networking

 


The following is a daily-dose of pricing cartoons and quotes, enjoy…

“PRICE (noun) Value, plus a reasonable sum for the wear and tear of conscience in demanding it.”

– Ambrose Bierce

 

Pricing Resources

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