1. The 2022 EPP Global Pricing Maturity Study found that the overall pricing maturity score was 1.83, close to the 2019 score of 1.92. More organizations reported operating at the lowest level 1 maturity compared to the previous study.
2. Common challenges included overestimating current maturity levels and underestimating how long it takes to reach higher levels like level 3, with value strategy implementation being particularly difficult. Reporting capabilities remained the weakest area.
3. While most companies targeted reaching a high level 3 maturity within 12 months, which is unrealistic as it typically takes 5-7 years, there was increased focus on training and certifying pricing teams. Understanding value, willingness to pay
The EPP Global Pricing Maturity Study 2016 represents the opinion of 200 pricing executives from the manufacturing industry, surveyed by means of the online Pricing Maturity Indicator (www.pricingmaturity.eu)..
CGMA TOOLHow to Develop a Strategy Map Introduct.docxketurahhazelhurst
CGMA TOOL
How to Develop
a Strategy Map
Introduction 2
The Strategy Pyramid 3
Step 1: Specify an Overriding Objective 5
Step 2: Choose the Value Proposition 6
Step 3: Choose the Financial Strategies 7
Step 4: Choosing the Customer Strategies 8
Step 5: Execute Through the Internal Perspective Strategies 9
Step 6: Plan the Learning and Growth Strategies 10
Validating and Cascading the Strategy Map 11
Conclusion 12
1
COnTEnTS
Two of the world’s most prestigious accounting bodies, the AICPA
and CIMA, have formed a joint venture to establish the Chartered
Global Management Accountant (CGMA) designation to elevate the
profession of management accounting. The designation recognises
the most talented and committed management accountants with the
discipline and skill to drive strong business performance.
CGMA TOOL – How to Develop a Strategy Map2
InTrODuCTIOn
The vast majority of organisations have well-defined procedures
for developing strategic plans. And for the most part, the result
of their planning exercises are good, solid, strategies designed
to move the entity forward and provide sustainable, even superior,
returns. But there is often a major disconnect between the formulation
and execution phases of strategy. The ability to cascade an organisation’s
vision, mission and core strategies into actionable behaviours
that achieve critical objectives continues to be a challenge for
most organisations.
As the saying goes, “a picture is worth a thousand words.” Strategy
maps, pioneered by Balanced Scorecard founders Robert Kaplan
and David Norton, allow organisations to describe and communicate
their strategies concisely and succinctly and close the gap between
formulation and successful implementation of strategy. Strategy
maps describe how organisations create value by building on strategic
themes such as “growth” or “productivity.” These themes determine
what specific strategies organisations will adopt at their customer,
process, and learning and growth levels. Well-constructed
maps describe how the organisation plans to meet its specific
customer promises through a combination of employee, technology
and business processes that satisfy customer expectations
and meet shareholder demands.
3
THE STrATEGy PyrAMID
Mission
Why We Exist
Values
What’s Important to Us
Vision
What We Want to Be
Strategy
Our Game Plan
Strategy Map
Translate the Strategy
Balanced Scorecard
Measure and Focus
Targets and Initiatives
What We Need to Do
Satisfied
Shareholders
Efficient and
Effective Processes
Delighted
Customers
Motivated and
Prepared Workforce
Figure 1: Strategy Pyramid
Strategy maps can be, and often are, used as standalone tools that
organisations employ to develop, understand and convey their strategic
story. To maximise their value, however, they need to be seen and
used as core building blocks in an aligned strategy initiative. Figure 1
highlights where the strategy map and ...
CGMA TOOLHow to Develop a Strategy Map Introduct.docxsleeperharwell
CGMA TOOL
How to Develop
a Strategy Map
Introduction 2
The Strategy Pyramid 3
Step 1: Specify an Overriding Objective 5
Step 2: Choose the Value Proposition 6
Step 3: Choose the Financial Strategies 7
Step 4: Choosing the Customer Strategies 8
Step 5: Execute Through the Internal Perspective Strategies 9
Step 6: Plan the Learning and Growth Strategies 10
Validating and Cascading the Strategy Map 11
Conclusion 12
1
COnTEnTS
Two of the world’s most prestigious accounting bodies, the AICPA
and CIMA, have formed a joint venture to establish the Chartered
Global Management Accountant (CGMA) designation to elevate the
profession of management accounting. The designation recognises
the most talented and committed management accountants with the
discipline and skill to drive strong business performance.
CGMA TOOL – How to Develop a Strategy Map2
InTrODuCTIOn
The vast majority of organisations have well-defined procedures
for developing strategic plans. And for the most part, the result
of their planning exercises are good, solid, strategies designed
to move the entity forward and provide sustainable, even superior,
returns. But there is often a major disconnect between the formulation
and execution phases of strategy. The ability to cascade an organisation’s
vision, mission and core strategies into actionable behaviours
that achieve critical objectives continues to be a challenge for
most organisations.
As the saying goes, “a picture is worth a thousand words.” Strategy
maps, pioneered by Balanced Scorecard founders Robert Kaplan
and David Norton, allow organisations to describe and communicate
their strategies concisely and succinctly and close the gap between
formulation and successful implementation of strategy. Strategy
maps describe how organisations create value by building on strategic
themes such as “growth” or “productivity.” These themes determine
what specific strategies organisations will adopt at their customer,
process, and learning and growth levels. Well-constructed
maps describe how the organisation plans to meet its specific
customer promises through a combination of employee, technology
and business processes that satisfy customer expectations
and meet shareholder demands.
3
THE STrATEGy PyrAMID
Mission
Why We Exist
Values
What’s Important to Us
Vision
What We Want to Be
Strategy
Our Game Plan
Strategy Map
Translate the Strategy
Balanced Scorecard
Measure and Focus
Targets and Initiatives
What We Need to Do
Satisfied
Shareholders
Efficient and
Effective Processes
Delighted
Customers
Motivated and
Prepared Workforce
Figure 1: Strategy Pyramid
Strategy maps can be, and often are, used as standalone tools that
organisations employ to develop, understand and convey their strategic
story. To maximise their value, however, they need to be seen and
used as core building blocks in an aligned strategy initiative. Figure 1
highlights where the strategy map and .
Welcome to the Enterprise Content Marketing Benchmarks, Budgets, and Trends: Insights for 2022 report. This report looks back on the last 12 months and includes expectations for 2022.
The research suggested that, due to lockdowns and work-from-home mandates, content marketing piqued the interest of many who were previously unaware of its power. With more people than ever spending time online, content marketing presented a prime opportunity to get and stay in front of audiences.
As in the previous year, nearly one in three enterprise marketers said their organization was extremely or very successful with content marketing. These marketers, our “top performers,” have certain characteristics that set them apart from their peers (see page 4). A few of the biggest things they do are to differentiate their content and use content collaboration/calendaring/workflow tools.
No matter how successful they are at content marketing, most respondents plan to invest in video in 2022: 72% of all enterprise respondents forecast investment in this area followed by investment in events (62%), paid media (59%), and owned-media assets (55%).
And, yes, challenges remain. The top challenge, which is the same as it was two years ago, is internal communication between teams/silos (57%). It indicates a pressing need to formalize content operations in enterprises that have not yet done so.
The EPP Global Pricing Maturity Study 2016 represents the opinion of 200 pricing executives from the manufacturing industry, surveyed by means of the online Pricing Maturity Indicator (www.pricingmaturity.eu)..
CGMA TOOLHow to Develop a Strategy Map Introduct.docxketurahhazelhurst
CGMA TOOL
How to Develop
a Strategy Map
Introduction 2
The Strategy Pyramid 3
Step 1: Specify an Overriding Objective 5
Step 2: Choose the Value Proposition 6
Step 3: Choose the Financial Strategies 7
Step 4: Choosing the Customer Strategies 8
Step 5: Execute Through the Internal Perspective Strategies 9
Step 6: Plan the Learning and Growth Strategies 10
Validating and Cascading the Strategy Map 11
Conclusion 12
1
COnTEnTS
Two of the world’s most prestigious accounting bodies, the AICPA
and CIMA, have formed a joint venture to establish the Chartered
Global Management Accountant (CGMA) designation to elevate the
profession of management accounting. The designation recognises
the most talented and committed management accountants with the
discipline and skill to drive strong business performance.
CGMA TOOL – How to Develop a Strategy Map2
InTrODuCTIOn
The vast majority of organisations have well-defined procedures
for developing strategic plans. And for the most part, the result
of their planning exercises are good, solid, strategies designed
to move the entity forward and provide sustainable, even superior,
returns. But there is often a major disconnect between the formulation
and execution phases of strategy. The ability to cascade an organisation’s
vision, mission and core strategies into actionable behaviours
that achieve critical objectives continues to be a challenge for
most organisations.
As the saying goes, “a picture is worth a thousand words.” Strategy
maps, pioneered by Balanced Scorecard founders Robert Kaplan
and David Norton, allow organisations to describe and communicate
their strategies concisely and succinctly and close the gap between
formulation and successful implementation of strategy. Strategy
maps describe how organisations create value by building on strategic
themes such as “growth” or “productivity.” These themes determine
what specific strategies organisations will adopt at their customer,
process, and learning and growth levels. Well-constructed
maps describe how the organisation plans to meet its specific
customer promises through a combination of employee, technology
and business processes that satisfy customer expectations
and meet shareholder demands.
3
THE STrATEGy PyrAMID
Mission
Why We Exist
Values
What’s Important to Us
Vision
What We Want to Be
Strategy
Our Game Plan
Strategy Map
Translate the Strategy
Balanced Scorecard
Measure and Focus
Targets and Initiatives
What We Need to Do
Satisfied
Shareholders
Efficient and
Effective Processes
Delighted
Customers
Motivated and
Prepared Workforce
Figure 1: Strategy Pyramid
Strategy maps can be, and often are, used as standalone tools that
organisations employ to develop, understand and convey their strategic
story. To maximise their value, however, they need to be seen and
used as core building blocks in an aligned strategy initiative. Figure 1
highlights where the strategy map and ...
CGMA TOOLHow to Develop a Strategy Map Introduct.docxsleeperharwell
CGMA TOOL
How to Develop
a Strategy Map
Introduction 2
The Strategy Pyramid 3
Step 1: Specify an Overriding Objective 5
Step 2: Choose the Value Proposition 6
Step 3: Choose the Financial Strategies 7
Step 4: Choosing the Customer Strategies 8
Step 5: Execute Through the Internal Perspective Strategies 9
Step 6: Plan the Learning and Growth Strategies 10
Validating and Cascading the Strategy Map 11
Conclusion 12
1
COnTEnTS
Two of the world’s most prestigious accounting bodies, the AICPA
and CIMA, have formed a joint venture to establish the Chartered
Global Management Accountant (CGMA) designation to elevate the
profession of management accounting. The designation recognises
the most talented and committed management accountants with the
discipline and skill to drive strong business performance.
CGMA TOOL – How to Develop a Strategy Map2
InTrODuCTIOn
The vast majority of organisations have well-defined procedures
for developing strategic plans. And for the most part, the result
of their planning exercises are good, solid, strategies designed
to move the entity forward and provide sustainable, even superior,
returns. But there is often a major disconnect between the formulation
and execution phases of strategy. The ability to cascade an organisation’s
vision, mission and core strategies into actionable behaviours
that achieve critical objectives continues to be a challenge for
most organisations.
As the saying goes, “a picture is worth a thousand words.” Strategy
maps, pioneered by Balanced Scorecard founders Robert Kaplan
and David Norton, allow organisations to describe and communicate
their strategies concisely and succinctly and close the gap between
formulation and successful implementation of strategy. Strategy
maps describe how organisations create value by building on strategic
themes such as “growth” or “productivity.” These themes determine
what specific strategies organisations will adopt at their customer,
process, and learning and growth levels. Well-constructed
maps describe how the organisation plans to meet its specific
customer promises through a combination of employee, technology
and business processes that satisfy customer expectations
and meet shareholder demands.
3
THE STrATEGy PyrAMID
Mission
Why We Exist
Values
What’s Important to Us
Vision
What We Want to Be
Strategy
Our Game Plan
Strategy Map
Translate the Strategy
Balanced Scorecard
Measure and Focus
Targets and Initiatives
What We Need to Do
Satisfied
Shareholders
Efficient and
Effective Processes
Delighted
Customers
Motivated and
Prepared Workforce
Figure 1: Strategy Pyramid
Strategy maps can be, and often are, used as standalone tools that
organisations employ to develop, understand and convey their strategic
story. To maximise their value, however, they need to be seen and
used as core building blocks in an aligned strategy initiative. Figure 1
highlights where the strategy map and .
Welcome to the Enterprise Content Marketing Benchmarks, Budgets, and Trends: Insights for 2022 report. This report looks back on the last 12 months and includes expectations for 2022.
The research suggested that, due to lockdowns and work-from-home mandates, content marketing piqued the interest of many who were previously unaware of its power. With more people than ever spending time online, content marketing presented a prime opportunity to get and stay in front of audiences.
As in the previous year, nearly one in three enterprise marketers said their organization was extremely or very successful with content marketing. These marketers, our “top performers,” have certain characteristics that set them apart from their peers (see page 4). A few of the biggest things they do are to differentiate their content and use content collaboration/calendaring/workflow tools.
No matter how successful they are at content marketing, most respondents plan to invest in video in 2022: 72% of all enterprise respondents forecast investment in this area followed by investment in events (62%), paid media (59%), and owned-media assets (55%).
And, yes, challenges remain. The top challenge, which is the same as it was two years ago, is internal communication between teams/silos (57%). It indicates a pressing need to formalize content operations in enterprises that have not yet done so.
Price Effectiveness is the #1 lever to accelerating value creation and driving a step-change in sustainable profitable growth. It is unquestionably more valuable to a business than cost-optimisation alone. Yet, many businesses are unable to maximise the value delivered from their pricing initiative, whether supported by traditional finance spreadsheets and home-grown macros, or, by a multi-million dollar investment in a Price and Margin Management platform.
What is preventing full value capture from a pricing initiative?
This paper addresses your organisational maturity and general readiness to capture the full value from your price and margin initiative. It looks beyond “pure pricing” to determine the ability of other critical business functions to help drive a shift-change in business performance.
Strategy Planning and Deployment Process Training ModuleFrank-G. Adler
The Strategy Planning and Deployment Training Module v6.0 includes:
1. MS PowerPoint Presentation including 97 slides covering our Strategy Planning and Deployment Process using Strategy Maps and Hoshin Kanri, including Introduction to Strategy Planning, Organizing the Process, Current State Analysis (CSA), Strategic Vision Elements, Strategic Breakthrough Objectives, Strategy Maps, Strategic Initiatives and Tactics, Strategy Deployment Matrix, and Strategy Implementation and Review.
2. MS Excel Templates for Annual Planning, Criticality Analysis, Force Field Analysis, Radar Gap Analysis Chart, Strategy Grid Alignment Matrix, Strategy Grid Correlation Matrix, Project Selection Matrix, Bowling Chart, and Strategy Implementation Review Table.
3. MS Word Current State Analysis (CSA) Questionnaire
4. MS Excel Hoshin Kanri Strategy Deployment X-Matrix Template
Webinar - The Compensation Maturity JourneyPayScale, Inc.
This session will cover the landscape of compensation challenges and the journey to mature compensation management, explaining the main steps in building a compensation strategy and program that not only meet your needs of today but can quickly adapt and change with you as the market evolves.
Download the 2018 Product Marketing Trends Report to learn where tech and cyber security companies are focusing their product marketing efforts.
Download The 2018 Product Marketing Trends Report Showing:
1. Non public versus public companies
2. Cyber security
3. Martech
4. Fintech
5. Infotech Services
6. Infotech
All the efforts of policymakers to institute more regulations has reshaped the private equity landscape adding yet more pressure on returns. With profit margins squeezed, PEs must focus on operational excellence and appropriate levels of transparency to achieve and maintain a competitive advantage.
At SGC Partners, we are enthusiastic about the future of the private equity industry. We look forward to continuing to work alongside the industry and support its efforts to enhance well-being for all stakeholders.
Model N European Survey: Pricing, Profit & Revenue life-cycle management - Li...Alex Rumble
Pricing and revenue management is centric to an organisation’s profitability.
Processes flow across functional silos, across geographies via multiple technologies creating disconnects, revenue leakage and margin erosion and lack of visibility
Reporting lines are varied but profitability needs a board level owner to ensure consistent strategic focus and reporting.
Pricing and revenue management done well are data, accuracy and time dependent.
Technology is a successful enabler to achieve end to end process and data integration.
To move from operational pricing to strategic & proactive pricing and revenue management change management is required to achieve increased productivity.
Low-interest rates mean that P&C leadership teams are facing increasing pressure to generate heftier margins from their underwriting operations. More at http://gt-us.co/1japuAu
Retaining current customers costs 6-7x less than acquiring news ones, and improving customer retention rates by a mere 5% can increase profit per customer by 25%-95%. So it makes sense that top companies focus on building relationships, increasing loyalty, and selling more to current customers as a growth strategy.
Based on our extensive research in strategic account management, we've identified 10 steps you can take to replicate their successes.
Private Equity Valuation Methods improve active equity portfolio by valuing a business/company that is the core task of the financial analyst. Most PE/VC firms estimate a company’s value with the help of Equity Valuation Methods. To evaluate an organization, there should be enough understanding of Venture Valuation, which is considered as the most holistic evaluation approach.
Global Pricing Study 2016 results with specific insights from the chemicals i...Robin Chu
Three key takeaways from Simon-Kucher's Global Pricing Study 2016:
1. Profits are set to decline, forcing companies to seek new profit opportunities
2. Investing in pricing strategies and support tools pays off
3. Companies are insufficiently prepared to fully tap the potential of digitalization
Whitepaper: Ventana Research - Sales Compensation ManagementIconixx
Ventana Research undertook this benchmark research to determine the attitudes, requirements and future plans of those who engage in sales compensation management and to identify the best practices of organizations that are the most mature in it.
When it comes to scrutinizing costs, most insurance companies can say “Been there, done that. Got the t-shirt.” Managers are familiar with the refrain from above to trim here and cut there. The typical result is flirtation with the latest management trends like lean, outsourcing and offshoring, and others. However, the results tend to be the same. Budgets reflect last year’s spend plus or minus a couple of percent in the same places.
Welcome to our annual Enterprise Content Marketing Benchmarks, Budgets, and Trends report. Here we present the findings from enterprise marketers (those who work in organizations with 1,000+ employees) who replied to our 11th Annual Content Marketing Survey.
At the time of the survey, content marketers had just made it through the first half of 2020. Most reported that their organization made quick changes when the pandemic hit, most notably by changing their targeting/messaging strategy, adjusting their editorial calendar, and changing their content distribution/promotion strategy. The majority (57%) expected to spend about the same on content marketing during the second half of 2020 as they spent in the first half (17% expected a decrease).
Team size hadn’t changed drastically compared with the previous year (48% said it stayed the same); yet, another 35% reported an increase.
Overall, one-third of the enterprise respondents reported high levels of content marketing success. These top performers said the top two factors contributing to that success in the last 12 months were “the value our content provides” (79%) and “website changes” (62%).
Looking forward, 74% of respondents felt the pandemic would have a major or moderate long- term impact on their organization’s overall content marketing success. It will be interesting to see how enterprise marketers rise to the challenges in 2021.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Price Effectiveness is the #1 lever to accelerating value creation and driving a step-change in sustainable profitable growth. It is unquestionably more valuable to a business than cost-optimisation alone. Yet, many businesses are unable to maximise the value delivered from their pricing initiative, whether supported by traditional finance spreadsheets and home-grown macros, or, by a multi-million dollar investment in a Price and Margin Management platform.
What is preventing full value capture from a pricing initiative?
This paper addresses your organisational maturity and general readiness to capture the full value from your price and margin initiative. It looks beyond “pure pricing” to determine the ability of other critical business functions to help drive a shift-change in business performance.
Strategy Planning and Deployment Process Training ModuleFrank-G. Adler
The Strategy Planning and Deployment Training Module v6.0 includes:
1. MS PowerPoint Presentation including 97 slides covering our Strategy Planning and Deployment Process using Strategy Maps and Hoshin Kanri, including Introduction to Strategy Planning, Organizing the Process, Current State Analysis (CSA), Strategic Vision Elements, Strategic Breakthrough Objectives, Strategy Maps, Strategic Initiatives and Tactics, Strategy Deployment Matrix, and Strategy Implementation and Review.
2. MS Excel Templates for Annual Planning, Criticality Analysis, Force Field Analysis, Radar Gap Analysis Chart, Strategy Grid Alignment Matrix, Strategy Grid Correlation Matrix, Project Selection Matrix, Bowling Chart, and Strategy Implementation Review Table.
3. MS Word Current State Analysis (CSA) Questionnaire
4. MS Excel Hoshin Kanri Strategy Deployment X-Matrix Template
Webinar - The Compensation Maturity JourneyPayScale, Inc.
This session will cover the landscape of compensation challenges and the journey to mature compensation management, explaining the main steps in building a compensation strategy and program that not only meet your needs of today but can quickly adapt and change with you as the market evolves.
Download the 2018 Product Marketing Trends Report to learn where tech and cyber security companies are focusing their product marketing efforts.
Download The 2018 Product Marketing Trends Report Showing:
1. Non public versus public companies
2. Cyber security
3. Martech
4. Fintech
5. Infotech Services
6. Infotech
All the efforts of policymakers to institute more regulations has reshaped the private equity landscape adding yet more pressure on returns. With profit margins squeezed, PEs must focus on operational excellence and appropriate levels of transparency to achieve and maintain a competitive advantage.
At SGC Partners, we are enthusiastic about the future of the private equity industry. We look forward to continuing to work alongside the industry and support its efforts to enhance well-being for all stakeholders.
Model N European Survey: Pricing, Profit & Revenue life-cycle management - Li...Alex Rumble
Pricing and revenue management is centric to an organisation’s profitability.
Processes flow across functional silos, across geographies via multiple technologies creating disconnects, revenue leakage and margin erosion and lack of visibility
Reporting lines are varied but profitability needs a board level owner to ensure consistent strategic focus and reporting.
Pricing and revenue management done well are data, accuracy and time dependent.
Technology is a successful enabler to achieve end to end process and data integration.
To move from operational pricing to strategic & proactive pricing and revenue management change management is required to achieve increased productivity.
Low-interest rates mean that P&C leadership teams are facing increasing pressure to generate heftier margins from their underwriting operations. More at http://gt-us.co/1japuAu
Retaining current customers costs 6-7x less than acquiring news ones, and improving customer retention rates by a mere 5% can increase profit per customer by 25%-95%. So it makes sense that top companies focus on building relationships, increasing loyalty, and selling more to current customers as a growth strategy.
Based on our extensive research in strategic account management, we've identified 10 steps you can take to replicate their successes.
Private Equity Valuation Methods improve active equity portfolio by valuing a business/company that is the core task of the financial analyst. Most PE/VC firms estimate a company’s value with the help of Equity Valuation Methods. To evaluate an organization, there should be enough understanding of Venture Valuation, which is considered as the most holistic evaluation approach.
Global Pricing Study 2016 results with specific insights from the chemicals i...Robin Chu
Three key takeaways from Simon-Kucher's Global Pricing Study 2016:
1. Profits are set to decline, forcing companies to seek new profit opportunities
2. Investing in pricing strategies and support tools pays off
3. Companies are insufficiently prepared to fully tap the potential of digitalization
Whitepaper: Ventana Research - Sales Compensation ManagementIconixx
Ventana Research undertook this benchmark research to determine the attitudes, requirements and future plans of those who engage in sales compensation management and to identify the best practices of organizations that are the most mature in it.
When it comes to scrutinizing costs, most insurance companies can say “Been there, done that. Got the t-shirt.” Managers are familiar with the refrain from above to trim here and cut there. The typical result is flirtation with the latest management trends like lean, outsourcing and offshoring, and others. However, the results tend to be the same. Budgets reflect last year’s spend plus or minus a couple of percent in the same places.
Welcome to our annual Enterprise Content Marketing Benchmarks, Budgets, and Trends report. Here we present the findings from enterprise marketers (those who work in organizations with 1,000+ employees) who replied to our 11th Annual Content Marketing Survey.
At the time of the survey, content marketers had just made it through the first half of 2020. Most reported that their organization made quick changes when the pandemic hit, most notably by changing their targeting/messaging strategy, adjusting their editorial calendar, and changing their content distribution/promotion strategy. The majority (57%) expected to spend about the same on content marketing during the second half of 2020 as they spent in the first half (17% expected a decrease).
Team size hadn’t changed drastically compared with the previous year (48% said it stayed the same); yet, another 35% reported an increase.
Overall, one-third of the enterprise respondents reported high levels of content marketing success. These top performers said the top two factors contributing to that success in the last 12 months were “the value our content provides” (79%) and “website changes” (62%).
Looking forward, 74% of respondents felt the pandemic would have a major or moderate long- term impact on their organization’s overall content marketing success. It will be interesting to see how enterprise marketers rise to the challenges in 2021.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
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Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
1. www.pricingplatform.com
4th Global Pricing Maturity Study
edition 2022
EPP is the global business community for pricing
and revenue growth management professionals.
In partnership with
2. www.pricingplatform.com
2
Content
page
• About the EPP Pricing Maturity Model ……………………….. 3
• Introduction and key findings ……………………………………… 4
• Perception and Reality ………………………………………………… 5
• More experienced is better ? 8
• Risk of falling behind 9
• Pricing Maturity
– Strategy ………………………………………………………………. 10
– Policy ………………………………………………………………….. 11
– Implementation ………………………………………………….. 12
– Reporting ……………………………………………………………. 13
– Organization ……………………………………………………….. 14
– Systems ………………………………………………………………. 15
• Conclusion …………………………………………………………….......... 16
• About EPP …………………………………………………………………….. 16
• Crossing the Pricing Chasm – the book 17
• Appendix ………………………………………………………………………. 19
Methodology ………………………………………………………………… 19-24
Graphics
Authors
Pol Vanaerde
President - EPP
Contact us for more information
www.pricingplatform.com
3. www.pricingplatform.com
3
About the
EPP Pricing Maturity Model
The EPP Pricing
Maturity Model
helps you not only
to determine which
maturity level you
are operating on
today,
but also how to
prioritize your
future pricing
roadmap.
EPP consolidated real-life best practices and advice from pricing leaders, experienced in pricing maturity development,
across all industries into the EPP Pricing Maturity Model. Each stage in the pricing maturity roadmap has it’s own
challenges and some companies operate at different maturity levels across regions or business units. Wherever you
are in your pricing maturity, the model function as a compass needle to guide your through the journey.
The model consists of 4 stages :
⇢ Level 1: Price list maintenance
⇢ Level 2: Gaining transactional control -> PRICING AS A PROJECT
⇢ Level 3: Achieving full value capturing -> PRICING AS A PROCESS
⇢ Level 4: Deploying pricing science -> PRICING AS A SYSTEM
4. www.pricingplatform.com
4
1.Quite close to the 1.92 score of 2019 the 2022 overall pricing maturity score is 1.83.
2.The first interesting observation from the 4th EPP Global Pricing Maturity is that far more organizations than
in the previous survey operate on the lowest pricing maturity level 1.
41% of the organizations in the 2022 survey operate on a maturity level 1, while in the previous survey (2019)
only 22% said to be on level 1….
When we look deeper in the analytics, we see that quite a lot newcomers joined the PMI survey and those
companies seem still at the early stage of their pricing journey.
It means that more and more companies invest in their pricing capabilities !
All those ‘newcomers in pricing’ will
have to install their vital reports and
start margin improvement projects in
order to gain transactional control.
Introduction and Key Findings
22%
63%
13%
2%
41%
38%
17%
3%
0%
10%
20%
30%
40%
50%
60%
70%
Level 1 Level 2 Level 3 Level 4
Overall Maturity 2019 - 2022
2019 2022
“The newcomers in
the assessment
found out that they
overestimate their
pricing maturity.”
-
“As usual, many
companies find out
that reaching level 3
(value strategy) is
not an easy
process.”
5. www.pricingplatform.com
5
29%
38%
28%
4%
41%
38%
17%
3%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Level 1: Price list
maintenance
Level 2: Gain
transactional control
and optimize
Level 3: Full value
capturing
Level 4: Profit
optimization
%
respondents
Pricing Maturity : Perception vs Reality
Perception Reality
3. A constant observation during the last 12 years : the number of companies that operate on a higher level 3
pricing maturity (value strategy) is not increasing – AND many organisations overestimate their pricing maturity
level when it comes to level 3 (installing a value strategy).
As a confirmation from all previous surveys, less organizations act on level 3 than they initially
believe when starting the assessment.
It’s a challenge for many companies to really install a value strategy. ‘Crossing the Pricing Chasm’* is still difficult
to realize change, the journey takes much longer than expected…
* see book at the left
“‘This book has helped
hundreds of pricing
practitioners to build
their own pricing
maturity roadmap”
Recommended reading
Download your FREE e-book
on www.pricingplatform.com
Introduction and Key Findings
6. www.pricingplatform.com
6
4. Another high level observation is that companies in the survey remain ambitious in their pricing maturity goals…
Most companies target to reach a high level 3 pricing maturity within the next 12 months. Which is unrealistic.
Actual pricing maturity : 1,83
Targeted within 12 months : 3,26
Many companies are still over-ambitious in their pricing maturity goal setting.
Reaching level 3 is a nice ambition, but is seldom reached in 12 months time.
It takes 5 to 7 years to evolve from a level 1 pricing maturity towards a level 3 (value strategy).
5.Another trend remains : reporting still has the weakest score (1,69).
Despite the understanding of the importance of the data, reporting is underdeveloped. A good
illustration is that only 1% of customers only have already implemented Customer Lifetime Value.
6. On the other hand, a good news is that respondents are more conscious of the
importance of investing in a pricing organization
Up to 73% planned to get a high level of pricing certification for their teams,
while 86% planned to install in-house pricing training.
Introduction and Key Findings
“‘We still tend to be
overambitious in
defining our pricing
roadmaps – it takes time
to reach a level 3 pricing
maturity level”
“86% of the organisations in
the PMI survey plan to invest
in pricing learning programs
for their pricing teams”
Interested to certify your team ?
Contact ripsime.matevosian@pricingplatform.com
7. www.pricingplatform.com
7
Introduction and Key Findings (cont.)
7. Others pain points arise when trying to understand price/value positioning, elasticity or willingness to pay companies
has the lowest maturity compared to other elements of the Price Policy.
57% of the companies say that ‘understanding willingness to pay is only based on
internal judgement’
8. 60% of the companies say price elasticity insights are based on internal judgement…
9. 45% of the companies in the survey do not use price/value mapping.
While almost 90% would like to argue on value … which is not yet correctly measured and understood.
10. Price escalations processes are often installed (75% of respondents)
but still for 60% the process is not followed correctly and monitored.
11. 80% plan to install a complete price waterfall integrating cost-to-serve.
At the time of the survey, only 15% had price waterfalls…
“With close to 60%
of the companies
saying they only
have fragmented
understand of
willingness to pay
and price elasticity –
this is a concern”
-
“The fact that 50%
of organisations are
thinking to further
invest in pricing
tools is a good sign.”
8. www.pricingplatform.com
8
12. 87% of companies are still using Excel - or in-house solution - as the main pricing
tool.
-> This high number is exceptional as we had many newcomers in this survey this year.
13. Cost-plus pricing remains the basis for price setting for 68% of organisations
while 90% targets a value-based pricing
-> This high number is exceptional as we had many newcomers in this survey this year.
“Over 85% of the
companies in the
survey still relay on
excel (or in house
tools)
-
Introduction and Key Findings (cont.)
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Global Pricing Maturity :
More experienced is better ?
“More experienced
pricing professionals
work in the higher
pricing maturity
organisations.”
Overall years in pricing seem to be
correlated with the organisational
pricing maturity 1.68 1.66
1.89 1.81
2.07
0.00
0.50
1.00
1.50
2.00
2.50
less than one 1 to 2 3 to 5 5 to 10 more than 10
Maturity
Years in pricing
Years in pricing
1.83 1.83
1.80
1.87
1.82
1.76
1.78
1.80
1.82
1.84
1.86
1.88
None 1 to 3 4 to 7 8 to 15 more than 15
Maturity
People in pricing
People in pricing
It is not as clear for number of people
in the pricing organization.
10. www.pricingplatform.com
10
❖ Only 6% of the companies taking part in the survey stated to have top
management fully aligned with the pricing strategy, even if 45% say that marketing
and sales teams are aligned with pricing team’s vision and positioning. Still, 53% of
participants wishes to have top management aligned soon to reinforces the price strategy
towards the market.
❖ 84% of the companies has at least general guidelines and KPI’s to avoid price
erosion, protect margin and cap discount. But beside those guardrails, 72% has no specific
pricing goals defined: no targe price or position, no segmented KPI’s; which is a target for
94% of the respondents.
❖ Almost 80% has a list price strategy set for some products and is periodically
reviewed but presents some inconsistencies.
❖ Regarding pricing segmentation in organizations, we see the spread is huge between the
targeted level and the current one. Close to 50% still has only a very basic product and
customer segmentation
❖ Understanding the value chain is key in pricing activities, and many companies have defined it as
priority we see that 96% wants at least to have it mapped by country,
but currently only 41% of organisations have no formal mapping of the market
value chain.
In depth findings per building block :
Price Strategy
Price Strategy - include six elements :
1. Pricing Goals
2. List Price Strategy
3. Pricing Strategy Development
4. Segmentation
5. Product Lifecycle Strategy
6. Value Chain Understanding
2.16 2.18 2.14
1.74 1.67 1.86
3.40 3.54
3.07 3.15 3.15 3.24
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
Price strategy maturity: current vs target
Current Target
11. www.pricingplatform.com
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❖ 70% of companies has least guidelines set with and for local sales organisations
But still 30% give local sales organizations full freedom to determine their local
market prices with very little guidance.
❖ More than 80% of respondents say portfolio pricing consistency is not fully
deployed, despite most of them wishes to be there soon. 50% has decided guidelines
but not implemented yet.
❖ Most of the companies (55%) target the highest personalization of discounts while
only 4% has achieved it. We see that some efforts are invested there but a lot
remains to be developed.
❖ For 82% of organizations, price/value mapping has not gone beyond the discussion
stage, despite the willingness of 85% to go further, among which 56% to the highest
possible integration in product pricing.
❖ 60% of pricing responsible has no insight on elasticity, knowledge is scattered in
sales team. And the trends is similar for the understanding of the willingness to pay.
❖Cost-plus pricing remains the basis for price setting for 68% of
organisations but 90% targets a value-based pricing
Price Policy includes 8 topics:
1. Price Guidance
2. Price Portfolio Consistency
3. Price Portfolio Offering
4. Discount structure policy
5. Understanding price/value
positioning
6. Understanding price elasticity
7. Understanding willingness to pay
8. Price setting methodology
In depth findings per building block :
Price Policy
1.99 1.88 1.96 1.83 1.77
1.55 1.64
2.07
3.28 3.29 3.25 3.41 3.37
2.95 3.08
3.35
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
Price policy maturity: current vs target
Current Target
12. www.pricingplatform.com
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❖ Only 40% of the respondents have a pricing team monitoring and discussing excessive price
escalations, with price deviations only possible after formal authorization. This means
that still 60% have no good price escalation processes and guidelines.
❖ High expectations regarding the selling method, almost 60% wishes that sales teams are
able to sell end-user solutions based on in-depth understanding of its business model. But
only 6% get there currently and 80% has not gone beyond selling on
differentiating products by features and advantages versus competitive
alternatives.
❖ Only 15% of the companies has installed exception list creation and flagging
based on business rules via lotions. Still a huge step forward needed to improve
consistency in list price maintenance.
❖ 50% of respondents state having no more than ad-hoc reports as pricing
KPIs. Major gap between reality and expectations where 60% wants to have KPIs
integrated in a dynamic dashboard correlated with business objectives and planning.
❖ Margin and price improvement projects are underdeveloped with a score
of 1,77 on the maturity scale with a target of 3,29.
❖ This year, the sales incentives remains the less mature area of price implementation with
close-to-50% set of companies having incentives based on volume.
Price implementation includes 7 topics:
1. Governance
2. Selling Process
3. List price maintenance
4. Margin/Profit improvement
processes
5. Contract/agreement/deal condition
6. KPIs actionable
7. Sales Incentives
In depth findings per building block :
Price Implementation
2.20 1.93 1.92 1.77 1.81 1.84 1.72
3.46 3.39 3.23 3.29 3.18 3.44
3.12
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
Price implementation maturity: current vs
target
Current Target
13. www.pricingplatform.com
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❖ Price reporting is the less mature area of all the pricing building blocks. Still
63% of the respondents have only gross margin details in their price waterfall
❖ Considering the importance of appropriate reporting to drive efficient pricing and sales
decision, 80% of organisations forecasts to implement detailed price
waterfall for every customer, including net profitability and cost-to-serve
monitoring as minimum reporting.
❖ Only 20% of the companies has installed a centralized win/loss analysis
information with periodic review meeting to take corrective action. Others have no
installed win/loss analysis or no formal review meetings to react. In addition, only 38%
plans to act proactively by linking win/loss analysis to the pricing system.
❖ Over 55% of the respondents have only ad-hoc competitive price tracking,
and availability is scattered among sales. And this activity is supported by a dedicated tool in
only 15% of the companies.
Price reporting includes 4 topics:
1. Waterfall
2. Profitability
3. Win/Loss
4. Competitive watch
In depth findings per building block :
Price Reporting
1.53
1.91
1.71 1.60
3.10 3.26 3.11 3.22
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
Waterfall Profitability Win/loss Competitive
watch
Price reporting maturity: current vs
target
Current Target
14. www.pricingplatform.com
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❖ 30% of the organizations have still no pricing team. The sales department
sets prices advised by product managers. These companies know there is room for
improvement as 96% of all these respondents mentioned they should
install a pricing team…
❖ Only 21% has a pricing team installed with clear mission, pricing goals
and KPIs, embedded in the commercial organization. While almost 90% whishes to get
there or further.
❖ More than 50% of companies work with individuals that have never
received training on improving front-line pricing skills.
❖ 96% wants at least that most individuals with a role in pricing have been through a (in-
house or open) pricing training program. But on top, 86% would prefer to have in-
house pricing training.
❖ Currently 60% of companies has no vision on how to further develop
the pricing skills/maturity in the organisation. 95% plans to tackle this issue
to, at least, assess pricing maturity internally and develop a pricing action and get
certified people in pricing team.
❖ 73% wants to develop 3-years planning to develop pricing maturity
with a team certified on CPM level 3.
Price organization has 3 topics:
1. Pricing Organization
2. Capabilities and Skills
3. Pricing Maturity vision
In depth findings per building block :
Price Organization
1.99
1.68 1.52
3.28 3.27
3.05
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
Pricing organization Capabilities and skills Pricing maturity
vision
Price organization maturity: current vs
target
Current Target
15. www.pricingplatform.com
15
❖ For 74% of the companies, their pricing systems are not integrated (stand-
alone) but 87% wants to get there, of which 55% wants a fully centralized ERP and CRM
system, fully integrated Lead-to-Cash system infrastructure.
❖ Excel is still the main pricing tool for 87% of companies in the survey, while
85% wants a dedicated pricing software.
❖ A pricing software is fully integrated in the sales enablement process and
CRM in 2% of the organisations. And 11% has it as a support for deal making, pricing
reports, simulations and guidance.
❖ Currently 37% has no sales force enablement. All special pricing is handled via back-office
processes, which is predominantly based on manual processes. Most of companies plans to
improve and get rid of home-grown or no tool system. 50% is considering an
integrated configure-pricing-quoting infrastructure for sales, partner or
end-customer with system-controlled exception handling and tracking
workflows.
❖ Data remains a major area for improvements. Companies understand well this
challenge and necessity to rely on the data to better perform.
❖ Efforts are made regarding data since 60% of companies has already mostly correct and
complete data. But still 40% faces incomplete or not available pricing data.
In depth findings per building block :
Price Systems
Price Systems has 4 topics:
1. System Integration
2. Pricing systems
3. Sales enablement
4. Data quality
1.96
1.71 1.89 1.87
3.39 3.35 3.30
3.54
0.00
1.00
2.00
3.00
4.00
System
integration
Pricing systems Sales
enablement
Data quality
Price systems maturity: current vs
target
Current Target
16. www.pricingplatform.com
16
Conclusion
This 4th EPP Pricing Maturity Survey continues to highlight that there is
a clear correlation between overall organizational pricing maturity and an
organization's ability to execute an effective value, and profit oriented, strategy.
Organizations building their organizational pricing maturity realize incremental
revenue and profit from improved price and discount discipline, better price setting
and sales support/alignment. A solid foundation is necessary to make progress.
Taking transactional control - enabled by vital pricing analytics and reports based on
integer data and good visibility in reports of the margin leakages - with the
capability to provide context specific floor and target price guidance to the front-
line and defining continuous margin improvement projects are very important. It’s
only a first step, but a very essential step to take for still many organizations.
The average organizational maturity score between 2013 and 2019 increased,
mainly thanks to companies who have invested in pricing teams to take essential
transactional control, leading to margin and profit optimisation.
This 4th EPP Global Pricing Maturity Survey clearly shows that
pricing managers need an effective pricing maturity vision, a
roadmap, with clear target settings for their pricing department to
tackle the dynamics of the new market reality in the digital
enterprises.
Crossing the pricing chasm (read the whitepaper: Crossing the pricing chasm, EPP)
means you will have to make the change from ‘pricing as a project’ towards ‘pricing
as embedded in the value and profit strategy’. It’s THE challenge for most of us.
It’s the pricing manager’s quest.
How to make it really happen?
We can observe that the seamless working together - as well as holistic data exchange
between Marketing, Sales, Finance and Pricing is a quest to get to the next level of
pricing maturity.
Also embracing the newest pricing technologies, developing AI enhanced dynamic
pricing practices, new pricing models and deep data insight enhanced micro-
segmentation create a competitive advantage for those who master them.
The good news is that pricing managers are ambitious about the
future state. There is a clear determination to become a true driver of
change and to lead the organization towards a true value and profit
driven organization.
We look forward to meeting, discussing and reflecting with all pricing and profit
leaders worldwide to continue our road to excellence.
Pol Vanaerde - Founder EPP – Pricing Platform
“Pricing leaders have an important
change leadership role to help
steer their company towards
a value and profit oriented culture.”
Pol Vanaerde
Founder EPP – Pricing & RGM Platform
17. www.pricingplatform.com
17
Conclusion
The last time Vendavo partnered with EPP Pricing Platform for the Pricing Maturity
Survey was 2019 and in the three years since, our world has undergone significant
change. From a worldwide pandemic to prolonged economic uncertainty brought
about by the health crisis, supply chain breakdowns, and even war, it’s easy to
understand why organizations of all industries and in every geography face an
assortment of heavy challenges.
One thing we know with certainty, however, is strategic pricing will improve
profitability despite troublesome macroeconomic events. And by extension,
strategic execution requires tactical, agile, and dynamic price optimization. That’s
why the regression we see in overall pricing maturity - 25% more sit at level one
pricing in 2022 than in 2019 - while understanding given the global climate, is also
concerning.
With more companies at level one pricing today, it stands to reason then that 87%
of companies in our research report still using Microsoft Excel or some other in-
house solution as their main pricing tool. And the cost-plus pricing approach is the
main basis for price setting for 68% of companies. But an important silver lining here
is that a full 90% of respondents also report a desire to move to value-based pricing.
They know a more strategic pricing strategy is what is needed to unlock profitability
and growth for the organization.
The old saying, awareness is the greatest agent for change applies. And if you add
in willingness, we’re more than half-way there.
Getting strategic in 2023
As organizations look to shift to a pricing approach that is segmented, based on
customer “willingness to pay,” all the experts at Vendavo will tell you ambitious goals
are good. But including small, measurable steps along the way is critical for long-term
success.
Start by evaluating your process and your current capabilities and compare those to
best practices. Take the Vendavo Commercial Excellence Maturity Assessment to
understand your current state and the order of logical next steps. Start small (consider
a pilot program on one area of your business), be realistic about your timelines, and as
with everything, remember that a Honda budget won’t get you a Ferrari.
As you are making your plans, and achieving your goals, it’s important to show the rest
of your organization your progress. Talk about your wins along the way to maintain
enthusiasm and support. The key is to integrate your pricing processes across all other
areas of your business and provide everyone with visibility.
It’s no secret that the shift to more strategic pricing can be hard. Think of upleveling
pricing as an evolution, not a revolution. You also don’t have to do it alone. Reach out
to the Vendavo pricing experts. We have a long history of championing global pricing
and selling transformations and we would love to support you.
Mitchell D Lee
Profit Evangelist and VP of Product Marketing
Vendavo
18. www.pricingplatform.com
18
Crossing The Pricing Chasm – The book
Crossing the Pricing Chasm
demonstrates a proven
roadmap to increase your
organizational pricing
maturity
built on the lessons that
EPP has learned through
supporting more than over
100 certification projects of
pricing and monetization
managers across industries.
We have found recurring patterns in success and failures in implementing pricing maturity development, and
one of the main insights is that doing the right things right - at the right moment -
is crucial. That’s why learning from a successful proven roadmap is so crucial.
The learnings have been brought together in a deep EPP body of knowledge
that allowed us to identify a proven successful path to increase pricing maturity.
This book presents a proven, successful, path towards pricing excellence and
profit growth. It’s also the foundation of the skill cards that are written to
build the EPP Certification Programmes.
The emphasis of the EPP Pricing Maturity Model is to help you identify where
you are today in your pricing journey, which areas you need to prioritize and
improve to lead your company to the next level of pricing maturity (and profit
optimization) – and perhaps the most important: how to cross the ‘Pricing Chasm’.
Finally, the insights have resulted in developing skill cards to help define the
capabilities needed on each pricing maturity level. These skill cards are the
fundaments of the EPP Certification Programs (Certified Pricing Manager®)
We trust the principles described in the book ‘Pricing Maturity Playbook - Crossing
The Pricing Chasm’ will help you too in your personal pricing maturity development
and career.
19. www.pricingplatform.com
The EPP is the leading knowledge sharing platform, serving thousands of pricing and revenue growth managers.
As a not-for-profit organization, the EPP is devoted on helping our members to dramatically improve top line revenues and
profitability through personal and organizational pricing maturity development.
How we help ;
› EPP Manufacturing Pricing Forum
› EPP Life Sciences Pricing Forum
› EPP Global Pricing Forum
› EPP FMCG/Consumer Goods RGM Forum
› EPP Pricing Academy
› EPP Prime - Access to a vast digital library of articles, whitepapers and digital media content
› EPP Certification Programs – Certified Pricing Manager
The exclusive Certified Pricing Manager® Program.
The EPP Certified Pricing Manager® programme is the only officially recognized pricing and
profit optimization accreditation programme in the world, designed for experienced and
highly accomplished pricing practitioners seeking personal career advancement and
professional recognition.
No other programme is so comprehensive and practical. The Certified Pricing Manager® programme is specifically designed
around the organizational and personal skill cards to perform on the different pricing maturity levels.
Certification is based on real business project success.
About EPP
www.pricingplatform.com
Contact
If you would like more information
or to set-up an informal discussion
on the topics discussed in this EPP
Pricing Maturity Survey – and how
they impact your organisation,
please contact:
Pol Vanaerde
pva@pricingplatform.com
The global business community for pricing and revenue growth management professionals.
21. www.pricingplatform.com
21
PMI Survey Methodology
The 2012 EPP Global Pricing Maturity Survey represents the opinion of 209 pricing executives,
surveyed by means of the online Pricing Maturity Indicator survey (www.pricingmaturity.eu).
Survey duration: June 1th 2021 – August 30th 2022
The questionnaire of the Pricing Maturity Indicator is designed to objectively determine the organizational
pricing maturity level, by evaluating the actual performance across the pricing framework building blocks :
• Price Strategy
• Price Policy
• Price Implementation
• Price Reporting
• Pricing Organization
• Pricing Tools & Systems
The EPP Pricing Maturity Levels – in short…
Level 1: Price List Maintenance – list prices are set by product management,
but final price setting is owned by sales.
Level 2: Transactional Control – essential price analytics are in place and the 10
vital margin improvement projects are defined and implemented. Pricing is
very much seen ‘as a project’, often reporting to finance.
Level 3: Full Value Capturing – pricing is fully embedded in the commercial
processes, often reporting to the commercial organisation. A value strategy is
deployed, with pricing aligned across marketing, sales and finance.
Level 4: Monetization – pricing is involved in the monetization model of the
organisation and develops new revenue and business models - or
sophisticated pricing algorithms steer price setting.
On the EPP Pricing Maturity Model
EPP developed the Pricing Maturity Study (based on the PMI survey) to offer European
pricing and profit optimization management a framework according to which they can
determine the gaps and set the priorities in their pricing journey.
By providing a deeper understanding of actual and desired pricing capabilities and maturity
level, as well as the main pricing challenges to bridge, pricing leaders can reflect, reframe
and refocus on what is important and relevant for them in their pricing maturity
development
The Certified Pricing Manager® program is developed on the skill cards
for price management on each maturity level.
22. www.pricingplatform.com
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DEMOGRAPHICS
EPP GLOBAL PRICING MATURITY SURVEY 2022
less than 1 year
15%
1-2 years
20%
3-5 years
24%
5-10 years
23%
more than 10 years
18%
Number of years in a Pricing function
None 1 to 3 4 to 7 8 to 15
more than
15
At your physical location 31 99 35 15 17
In you entire company
(worldwide, headquarters incl.)
31 99 35 15 17
0
20
40
60
80
100
120
Number
of
FTE's
How many people work exclusively on pricing in you
company?
24. www.pricingplatform.com
24
Charts
Oracle - Big Machines
8%
Sales Force
7%
Vendavo
5%
Other - Excel
5%
Other - In-house
4%
PROS CPQ
(Cameleon)
3%
SteelBrick CPQ
3%
Apttus CPQ
2% SAP
1%
FPX
1%
Tacton
1%
Configit
0%
CloudSense
0%
Other / None
60%
Which Configure-Price-Quoting (CPQ) system are you
using
None
45%
Vendavo
11%
None - Excel
8%
Other - In-house
6%
PROS
3%
PriceFx
2%
Zilliant
2%
Periscope
2%
Vistaar
1%
Other
20%
Which pricing system is used?
EPP GLOBAL PRICING MATURITY SURVEY 2022
25. www.pricingplatform.com
25
Charts
No
39%
Yes
61%
Do you plan to move your pricing
software to the cloud in the future? -
Do you plan to move your pricing
software to the cloud in the future?
on < 1 year
25%
on 1-2 years
32%
on 2-4 years
30%
on > 4 years
13%
If yes, when ?
EPP GLOBAL PRICING MATURITY SURVEY 2022