The Wharton School

Pricing Strategies: Measuring, Capturing, and Retaining Value

The Wharton School

Marketing

About Programme

Pricing is the most critical profit driver in business, but it is also one of the least leveraged and understood. Most executives instead turn to increasing sales, advertising, and reducing inefficiencies, which are complex, slow, and costly. Pricing on the other hand can be changed quickly and easily, and has a direct impact on your bottom line — if you know how to get it right.

Pricing Strategies: Measuring, Capturing, and Retaining Value will change the way you think about pricing. Instead of relying on instinct or simple models, you will gain a deeper understanding of pricing and its effect on your customers and your competition. This hands-on program will provide you with the confidence and skills needed to choose the right pricing strategy (not the one “right price”), and to make a strong case for your decisions within the organization.

Programme Content

This highly practical program dispels simplistic thinking about what price is and how to manage it. You will learn tools and techniques based on the latest in academic theory, consumer psychology, and real-world research (none of which require complex mathematics). Wharton’s global pricing experts will show you how to apply your new knowledge to real business challenges and help you develop new ways to drive profits and execute strategic pricing plans.

Curriculum from Wharton's MBA program offers a rigorous framework that can be put to use immediately. You will learn best practices from many industries and gain hands-on experience applying new tools and techniques. Dedicated networking sessions will help you benefit from the experiences and perspectives of a talented group of peers. You will leave knowing how to make better pricing decisions and how to defend those decisions with confidence.

Session topics include:

Analytical Foundations for Pricing Decisions
Lifetime Value of the Customer
Smart Value Pricing in the Age of Big Data
Capturing Value through Regression Analysis
Pricing a New Product
Using Conjoint Analysis to Measure Price Sensitivity
Psychological Aspects of Pricing
Managing Price Competition
Ethical Aspects of Pricing Strategy
Channel Pricing in an Omni-Channel World
Implementing Pricing Strategy from Start to Finish

Programme Audience

Pricing Strategies is essential for:

Executives charged with ensuring overall company profitability
Those engaged in launching new products or services
Mid- to senior-level executives in product development, marketing, or accounting and finance
Those responsible for designing, evaluating, and implementing pricing strategies in both B2B and B2C
Entrepreneurs who are working to develop a business model and calculate the value of their product or service
Leaders in industries experiencing pricing disruptions and innovations, including but not limited to: medical, fintech, technology, entertainment, and automotive

Fluency in English, written and spoken, is required for participation in Wharton Executive Education programs unless otherwise indicated.

Participants by Industry

Participants by Job Function

Participants by Region

This program is held at the Steinberg Conference Center located on the University of Pennsylvania campus in Philadelphia. Meals and accommodations are included in the program fees. Learn more about planning your stay at Wharton’s Philadelphia campus .

To further leverage the value and impact of this program, we encourage companies to send cross-functional teams of executives to Wharton. We offer group-enrollment benefits to companies sending four or more participants.

Programme Benefits

Think more expansively about pricing
Discover new and changing pricing practices, including new approaches to competition
Guide purchasing decisions and understand willingness to pay based on the latest consumer psychology insights
Set prices to maximize profit, not just margin or market share
Use pricing to communicate value to your customers
Gain organizational support for your pricing decisions

Testimonials

"The executive Wharton experience has provided me with a rigorous curriculum, top faculty, and high standards. Today’s executive leadership must continue to develop itself to ensure it stays in best-of-class. Using systems and statistical approaches to business solutions has proven effective over the traditional construction, Ouija board method. The Pricing Strategies program faculty has exceeded my expectations with their knowledge across all silos of business — mile deep. I attended this program with my controller and found it invaluable, as we now speak a common language."

Tony Saldutti

Executive Vice President, Engineering Firm

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Prashansa Uttam

Programme Advisor

+91 9403890085[email protected]Mon – Fri, 9am – 5pm IST

The Wharton School

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tel:12158981776
https://www.wharton.upenn.edu
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Pricing Strategies: Measuring, Capturing, and Retaining Value | The Wharton School