PricingBrew

Insights & Tips

Already a subscriber? Login

Become a subscriber and unlock an information arsenal focused on making your pricing efforts more effective.

Seven “Accidental Benefits” of Pricing Enablement

It’s often said that many of the best solutions are created out of necessity…and the “pricing enablement” approach is no exception.

Having bought into the idea that pricing improvement requires control over all pricing decisions, many pricing leaders have set about trying to wrest control away from salespeople in the field. And in most cases, it would be an understatement to say that they encountered a great deal of opposition.

Growing extremely weary of banging their heads against this wall of organizational resistance and making very little progress, some of these leaders eventually took a step back and asked, “Well…what can we do?”

Thus, the pricing enablement approach was discovered, almost by accident.

And it worked. In fact, it worked so well that those who’ve employed it would choose to do so again, deliberately—even if they were given the opportunity to take full control over all pricing decisions. We think that speaks volumes about the “accidental benefits” of this approach; which include:

  1. It requires far less change management and political pain.
  2. Salespeople retain a lot of flexibility in the crucial “last mile”.
  3. It promotes collaboration and ownership among all parties.
  4. As a systemic process, it’s much more scalable and repeatable.
  5. The approach is effective in nearly any situation or structure.
  6. Stellar results and improvements can be achieved in less time.
  7. The market/peers become the arbiter in pricing decisions.

Regardless of how it came to be, we see pricing enablement as being a new best practice for pricing improvement in B2B environments. Whether it’s being driven from a traditional pricing department or through a Pricing Center of Excellence…or even by a single pricing “czar” charged with a seemingly impossible task…we believe that this approach is far more effective and realistic than the alternatives.

Indeed, the best solutions are often borne out of necessity…and some are even discovered by accident.

 

Get Immediate Access To Everything In The PricingBrew Journal

Related Resources

  • Closing the Skills Gap in Sales Negotiations

    In this Expert Interview, Jason Levinson discusses the latest methods and innovations in negotiation training for salespeople. Closing the negotiation skills gap is not a hard as you might think!

    View This Interview
  • How to Price New Products

    In this on-demand webinar, learn about three common types of new products that pricing teams are likely to encounter, and explore the core strategies and processes for dealing with the realities associated with them. Hint: "Best practice" is not always realistic.

    View This Webinar
  • Crucial B2B Pricing Concepts

    Pricing in a B2B environment is very different from pricing in consumer or retail settings. In this on-demand webinar, you'll learn about 12 ways B2B pricing is unique and 6 core pricing concepts that every B2B pricing person needs to understand inside and out.

    View This Webinar
  • New Benchmarks for Pricing Excellence in B2B

    In our research, we’ve identified ten areas where “best practices” have been redefined; setting new benchmarks for pricing excellence in B2B. Use this self-assessment to see how your capabilities measure up.

    View This Research