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The Price Advantage

The Price AdvantageJohn Wiley & Sons, 2004
Michael Marn, Eric Roegner, and Craig Zawada

Over the past decade, companies around the world have largely focused on reducing costs in their business. But by and large they have under-managed the oldest and most impactful profit lever: price. Businesses that develop this advantage, the price advantage, ultimately use their superiority in pricing to outperform their peers and deliver significantly higher returns to their stakeholders.

In The Price Advantage, authors Michael V. Marn, Eric V. Roegner, and Craig C. Zawada explain how companies can build the pricing capability into a significant and sustainable competitive advantage. Backed by years of experience and research, the authors use practical examples and detailed analysis to show how companies can achieve pricing excellence in any economic environment. They argue that, despite its overwhelming potential, pricing strategy has remained the most misunderstood and underused weapon in the corporate arsenal.

Featured Highlights
Summary
The Price Advantage begins with an overview of pricing fundamentals, demonstrating the power that pricing excellence holds and laying out a three-tier framework that makes the subject easier to address; delves into the details of each one of these levels; addresses specific questions and challenges that arise when companies pursue pricing superiority; identifies technological and legal considerations; and examines the implementation of a pricing excellence program through a detailed case study.
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Interview with the Authors
An interview with the authors provides answers to fundamental questions about pricing and why it is so difficult to get pricing right. The authors also explain why the time is now right for corporations to focus on their pricing strategies.
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Case study of The Monarch Battery Company
In this case study from The Price Advantage, we share a comprehensive pricing case study that cuts broadly across many of the topics covered in the book, bringing McKinsey's pricing fundamentals together and illustrating how these fundamentals worked in concert in a real-life pricing situation. (This material is used by permission of John Wiley & Sons, Inc.)
Launch article (PDF - 224 KB)
The Price Advantage
Index
Summary
Author Interview
Michael Marn
Eric Roegner
Craig Zawada
Chapter 14

Launch chapter 14 (PDF - 224 KB). (This material is used by permission of John Wiley & Sons, Inc.)

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