Prof Om Narasimhan NAB5.06

This course is available on the CEMS Exchange, IMEX Exchange, MSc in Management, MSc in Management (CEMS MIM), MSc in Management (MiM Exchange), MSc in Management and Strategy, MSc in Management, Organisations and Governance and MiM Exchange. This course is available with permission as an outside option to students on other programmes where regulations permit.

The content of the course is organised into two principal modules: (1) pricing strategy and fundamentals and (2) pricing tactics and implementation. The first module of the course covers the fundamental analytical tools, theories, and conceptual frameworks needed for price strategy formulation. Basic principles from marketing, economics, and psychology will be briefly reviewed and extended. The module provides an in-depth treatment of the role of price in the firm’s value proposition to the customer and the determination of customer response to price. The second module of the course covers pricing tactics and opportunities for achieving price customisation. Our focus shifts from setting the overall price level to making customer-specific or segment-specific pricing decisions. Topics include price promotions, lifetime value, and price customisation.

30 hours of seminars in the LT.

Students on this course will have a reading week in Week 6, in line with departmental policy.

Students will be expected to produce 1 piece of coursework in the LT.

This will be in the form of a sample exam.

The Strategy and Tactics of Pricing: A Guide to Growing More Profitably (2010): Nagle, Hogan, and Zale, Prentice Hall.

Pricing Information: How to customize both the product and the price (1998): Carl Schapiro and Hal Varian, Harvard Business School Chapters.

How to Fight a Price War (2000): Akshay Rao, Mark Bergen, Scott Davis, Harvard Business Review.

Is it time to rethink your pricing strategy? (2012): Andreas Hinterhuber and Stephan Liozu, Sloan Management Review.

Pricing as a Strategic Capability (2002): Mark Bergen, Shantanu Dutta, Mark Ritson, Sloan Management Review

Exam (60%, duration: 3 hours) in the main exam period.
Project (30%, 2500 words) in the LT.
Class participation (10%).

The examination will be an open book exam.