Pricing News Daily > 8/7/17

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

Pricing Strategy: Labor Theory of Value versus Value-based Pricing | WhatTheyThink

Pricing Strategy: Labor Theory of Value versus Value-based Pricing | WhatTheyThink

Companies within in the printing industry have historically had a manufacturing mentality—they subscribe to the labor theory of value, which states that the value of a service is determined by the amount of labor that goes into production. Now, thousands of firms in a variety of industries are pricing their services according to the external […]

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Prices of staple foods soar in spite of harvesting period | Daily Trust

Prices of staple foods soar in spite of harvesting period | Daily Trust

The least retail prices for about four or five tubers of each item sell for N200 depending on the sizes. At Iddo market in Mainland Local government, a bag of beans sells for N48,000 and N49, 000 while a paint bucket sell for N1,300 and N1,350 and derica cup, N350 and N360 respectively. A 50kg […]

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AMC shares plunge after pre-announcing ‘shocking’ quarterly loss | CNBC

AMC shares plunge after pre-announcing ‘shocking’ quarterly loss | CNBC

Shares of AMC Entertainment are diving by 25 percent Wednesday after the company revealed it expects a dramatic second-quarter loss, and believes the third quarter will be equally unrelenting. AMC said the expected loss reflects “industry box office trends.” American box offices declined 4.4 percent in the second-quarter compared with the same period last year, […]

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Ocean Pricing: The tide is turning | Logistics Management

Ocean Pricing: The tide is turning | Logistics Management

Further, C.H. Robinson estimates that about two million TEUs will be added during the 2016 and 2017 operating years, while about 600,000 TEUs will be scrapped. The net increase would seem to suggest a continued soft market, however industry consolidation means tighter price control. A good example has been the parcel carriers and railroads, which […]

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How to price a job as a contractor: quoting a job when self-employed | Simply Business

How to price a job as a contractor: quoting a job when self-employed | Simply Business

From market conditions and materials prices to your local competitor rates, it pays to understand what can affect your costs. Market conditions First, you need to look at the economy in general, and whether there’s a widespread belt-tightening that could affect your customers’ budgets and appetite. Second, it’s important to understand whether there’s anything impacting […]

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Worst year for Asda since Walmart acquisition | Retail Detail

Worst year for Asda since Walmart acquisition | Retail Detail

The United Kingdom’s third largest supermarket chain suffered a 5 % turnover drop last year, from 22.3 to 21.6 billion pounds (about 24 billion euro). Its pre-tax profit also dropped 20 % to 791.7 million pounds (900 million euro). These results are its worst since American distribution giant Walmart acquired the chain in 1999. Walmart […]

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How Dodd-Frank Hurts the Poor | Bloomberg

How Dodd-Frank Hurts the Poor | Bloomberg

Think of any old newspaper. Every day, or every week, it prints up some sheets of paper covered with recent news and advertising, and sells those papers to consumers. Its revenue comes from both the consumers who buy the papers, and the advertisers who pay the papers to display their copy to those readers. Economists […]

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AutoNation profits miss estimates in second quarter, lower Florida sales a factor | Sun Sentinel

AutoNation profits miss estimates in second quarter, lower Florida sales a factor | Sun Sentinel

Quarterly vehicle sales were down 2 percent on a same-store basis, AutoNation said. Total revenue was $5.28 billion for the second quarter compared with $5.44 billion a year ago. Jackson said he expects new-vehicle sales to continue a 2 to 3 percent drop. On CNBC-TV’s “Squawk Box” Wednesday morning, Jackson said consumers are shifting from […]

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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…

“Successful pricing is an art, not a science.”

     – John I. Leahy

 

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