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Smarter Pricing: How to capture more value in your market
book

Smarter Pricing: How to capture more value in your market

by Tony Cram
January 2005
Intermediate to advanced
232 pages
5h 35m
English
Pearson Education Canada
Content preview from Smarter Pricing: How to capture more value in your market

8. Personalization, customer insight

The discount model piles it high, sells it cheap and often operates with high levels of automation and low staffing support. It is a standard model that offers little personal treatment. Consequently, relevant and personalized information can defeat lower prices.

How it works

The UK grocery retailer, Waitrose, has a section on its website listing recipes of all types and extends this service with a personalization option – customers are able to create their own folder of ‘My favourite recipes’, saving recipes for easy subsequent access.

A business example comes from the renal division of Baxter UK. Writing in Sloan Management Review, Sandra Vandermerwe (2000) describes how the company sold disposable bags ...

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Publisher Resources

ISBN: 9780273706137Purchase book