PricingBrew

Insights & Tips

Already a subscriber? Login

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

What’s Next for the Pricing Department?

I recently had the pleasure of interviewing Mark Burton for the PricingBrew Journal. Not that Mark needs much introduction, but he’s a co-founder of Holden Advisors and a co-author of the book, Pricing with Confidence: 10 Ways to Stop Leaving Money on the Table.

We had a long conversation about what Mark sees as the next evolution of the pricing department: The embedded pricing organization.

Now, if you’ve ever felt like you should have a bodyguard as a result of creating a dedicated pricing function, you should pay close attention to this approach. To my mind, this development delivers four huge benefits:

  1. It reduces the internal conflicts and power struggles that are so typical with traditional “command-and-control” pricing organization structures.
  2. It allows pricing professionals to get well-beyond transactional pricing and leverage a much broader range of pricing skills and knowledge.
  3. It’s better-aligned to the needs and objectives of the company, and where major pricing decisions are being made throughout the organization.
  4. It sets the stage for augmenting quantitative benefit measurements with qualitative measures that more accurately represent actual contribution.

I should also mention that Mark isn’t posing some “future-state” theory here. Leading pricing organizations are doing this right now, and it’s fast becoming best practice for how pricing functions operate.

I just wish I’d have heard about it ten years ago—then maybe security wouldn’t have had to walk me to my car.

Get Immediate Access To Everything In The PricingBrew Journal

Related Resources

  • Embracing the Embedded Pricing Organization

    Mark Burton, co-author of the book, "Pricing with Confidence: 10 Ways to Stop Leaving Money on the Table," talks with us about the next evolution of the pricing department.

    View This Interview
  • How Customers Evaluate a Price

    Customers aren't as logical in understanding value and assessing a price as you might think. In this guide, Mark Dresdner exposes eight factors that play an important role when a potential customer evaluates your prices.

    View This Guide
  • The Fundamentals of Pricing Intelligence

    In pricing, it's easy to feel like you're making decisions in a vacuum. But there are many powerful sources of pricing intelligence you can leverage. In this on-demand webinar, learn how to design and implement systems for tapping into those sources of intelligence and how best to respond.

    View This Webinar
  • How To Deal With Inflation

    With all that's been happening over the last few years, inflation was bound to catch up with us. So what should we be doing differently to deal with the rapid inflation we're seeing on so many fronts?

    View This Webinar