Prof Om Narasimhan NAB5.06

This course is available on the MSc in Management, MSc in Management and Strategy, MSc in Management, Organisations and Governance, MSc in Media and Communications and MSc in Media and Communications (Media and Communications Governance). 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, reference prices, price customisation and bundling.

30 hours of seminars in the LT.

Students will be expected to produce 1 case study and 1 other piece of coursework in the LT.

1 Case Analysis (to be done in pairs) 1 Practice Exam (to be done individually)

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%).

One 2,500 word project (group or individual) in the Lent Term (30%) and one three-hour examination (60%) in the Summer Term. Class participation (10%).