- January 10, 2020
- Posted by: Jeffrey Summers
- Category: Growing Your Business
Pricing means different things in different industries, and every company has different needs. We draw from an extensive toolkit to develop a tailored solution that works for your environment and your people, and we work with you to design solutions that allow your organization to develop the skills to repeat the process into the future.
Few levers have as much power to influence profitability as pricing does. For a typical company, a one percent increase in price boosts profits two to three times as much as a one percent increase in sales volume.
Yet pricing capabilities are underdeveloped in most companies. Real challenges cause companies to fail or simply shy away from addressing pricing strategy. We work with clients to improve pricing strategy and manage pricing over the long term.
We work with clients to uncover key near-term opportunities—these quick wins alone generate an attractive payback to build momentum for change. Value erodes, however, when important long-term capabilities, which account for 80% of value, are ignored.