If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. And if you have to have a prayer session before raising the price by 10 percent, then you’ve got a terrible business. Warren Buffett.
Marietta, GA (PRWEB) March 11, 2011
The Professional Pricing Society (PPS), the world's only professional society dedicated to pricing education and training, has announced the official extended schedule for the PPS 22nd Annual Spring Pricing Workshops and Conference to be held on May 3-6th, 2011 at the InterContinental Chicago O’Hare Airport Hotel.
The 22nd Annual Spring Conference boasts an unprecedented four-day format, which will include 7 pricing workshops and the return of our pre-recession, comprehensive, two-day pricing workshop format.
“We have reinstated two-day workshops as an option in response to PPS Member requests,” says Kevin Mitchell, PPS President. “Pricing training is in growing demand, and this year’s extended schedule is designed to support the growing importance of the pricing professional and pricing expertise worldwide through additional education, training and collaboration.”
The economic challenges of the past years and the slow pace of recovery have opened the eyes of global corporations and C-Level executives to pricing’s powerful impact on profits and long-term growth. Even Warren Buffett, the billionaire chief executive officer of Berkshire Hathaway Inc. and one of the most successful businessmen in the world, recently highlighted pricing’s crucial role in an interview with the United States Financial Crisis Inquiry Commission:
"The single most important decision in evaluating a business is pricing power,” Buffett said. “If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. And if you have to have a prayer session before raising the price by 10 percent, then you’ve got a terrible business.”
This year’s conference is designed to give pricers the training they need to accelerate the growth of their pricing practices in their respective organizations. The following pricing workshops, led by some of today’s most successful pricing thought leaders, will be available on May 3-4:
- Influencing Customer Price Acceptance – Tim Smith, Ph.D. DePaul University / Wiglaf Pricing.
- Pricing with Confidence: Ten Ways to Stop Leaving Money on the Table (2 Day Workshop) – Reed Holden, Founder and CEO, Holden Advisors.
- Core Pricing Skills (2 Day Workshop) – Dr. Kent Monroe, University of Illinois / University of Richmond.
- Progressing to World Class Pricing – Avy Punwasee, Senior Consultant, Pricing Solutions.
- Pricing to Stay Whole in Wholesale – Alice Wachol and Oliver Griebl, Deloitte Consulting LLP.
- Consumer Products: How you can make Pricing a Key Competitive Advantage – Frank Luby, Simon-Kucher & Partners.
- Positioning, Pricing, and Profits for Better Performance – Reuben Swartz, President , Mimiran LLC.
In addition, the 22nd Annual Spring Pricing Workshops and Conference will also feature 18 sessions in three breakout tracks (Pricing Practitioners, Pricing Experts, Tools and Techniques) to train pricers at every level of proficiency in foundational pricing principles, the latest pricing strategies and research methods. Keynotes from some of today’s top pricing experts and new workshops for pricing professionals interested in Pricing Training or those pursuing their Certified Pricing Professional (CPP) designation, the industry recognized standard for advanced pricing knowledge in the business community, are also included.
“This is a historic time for the pricing community,” Mitchell continues. “Wall Street analysts are increasingly querying top corporate managers about their pricing performance and C-Level executives are being taken to task regarding their companies’ pricing plans, strategies, and tactics. PPS has been supporting the growth and development of the pricing community for more than 25 years, and this year’s conference is designed to support the rapid and much deserved recognition pricing professionals are gaining on a global scale.”
For complete information on the 22nd Annual Spring Pricing Conference and Workshops, or for research and resources related to the profession of pricing, visit the Professional Pricing Society online at http://www.PricingSociety.com/chicago2011
About Professional Pricing Society
Founded in 1984, the Professional Pricing Society (PPS) serves thousands of members, representing leading industries all over the world. The Society's mission is to nurture a growing community of professionals committed to disseminating pricing expertise throughout the business world. PPS is the only professional organization to offer a pricing certification program, and offers its Certified Pricing Professional (CPP) program via online and live event workshops. Publications distributed to members include an eight-page monthly newsletter and a 36-page quarterly journal. Further, the PPS website (http://www.pricingsociety.com) is a central resource for state-of-the-art pricing knowledge and hosts a job site where professionals can post or review new opportunities in the industry. PPS also maintains a blog (http://professionalpricingsociety.blogspot.com/) at and a Pricing Group on LinkedIn (http://www.linkedin.com/e/gis/79502). You can also follow PPS on Facebook at http://www.facebook.com/ProfessionalPricingSociety, on Twitter at http://twitter.com/PricingSociety and on YouTube at: http://www.youtube.com/PricingSociety