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A Road-Map for Differential Pricing

Abstract
The concept of 'Differential Pricing' makes use of underlying differences in customer's buying pattern, to set prices on a 'per customer' basis. This helps retaining and cost effectively developing the most appropriate customer relationships. A successful implementation of this concept demands, as a pre-requisite, an enhanced effort towards 'Single View of the Customer', measuring 'Customer Profitability & Lifetime Value' and innovative 'Customer Segmentation' approach.
The right differential pricing framework should address the Product and Relationship management demands through a set of complementary modules such as:

  • Pricing & Charging
  • Benefits
  • Assurance
  • Product and Relationship management
  • Simulations
A packaged solution approach is highly recommended as it promises to achieve multiple advantages especially in terms of 'Reduced Risk', 'Improved Time to Market' and 'Return on Investment'.



Author
Abhijit Ghosh
Anugopal Venugopalan

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