The podcast discusses the importance of aligning pricing and sales teams for effective price realization. They address challenges such as lack of alignment, volatile market pricing, and communicating price increases. Strategies include using 'give gets' and involving sales early in the pricing process. Collaboration between pricing and sales teams in B2B industries is also emphasized.
Alignment between price setting and price getting teams is crucial for maximizing profit potential.
Improving communication and collaboration among product, marketing, and sales teams leads to more effective pricing and sales approaches.
Deep dives
The workshop focuses on operationalizing pricing within an organization
The workshop builds on a previous session about root cause analysis, emphasizing the need to bridge the gap between price and sales to achieve effective price realization. It explores how to put together data from various sources to identify pricing opportunities. The workshop aims to provide strategies to make price rollout successful.
Various functions within organizations can improve collaboration and effectiveness in pricing
Different departments, such as product teams, marketing, and sales, often have different approaches and priorities when it comes to pricing. There are opportunities for improvement in understanding each other's perspectives and aligning strategies. Improving communication and collaboration among these functions can lead to more effective pricing and sales approaches.
Establishing a common set of beliefs and effective communication tools
Building a foundation of shared beliefs about the value that an organization provides to the marketplace is essential. Conducting value research, both quantitative and qualitative, and understanding why a product or service is valued by customers is crucial. Providing sales teams with tools like give-gets and flanking products, as well as involving them early in the pricing process, can enhance their ability to defend prices and effectively communicate value to customers.
Let’s face it—the moment of truth in pricing and sales is how well your sales force can negotiate and defend the prices you’ve set. Many organizations fall short of profit potential due to misalignment between price setting teams and price getting teams. In this session, we’ll dive deep to understand and navigate the intersection of pricing and sales to empower your commercial team to defend both price and value.
Pete Morelli is a Vice President at Holden Advisors and leads the company’s sales consulting practice. He helps organizations gain clarity around the value they provide, with sales and negotiation strategies to win more deals at higher prices. Pete joins us with 20+ years of experience in procurement, sales and pricing transformation, and deal coaching.
Adnan Akbari, Senior Director of Pricing at Holden Advisors, is responsible for helping clients grow by realizing the full potential of their offerings. Prior to joining Holden Advisors, he spent the last 12 years of his career focused on growth initiatives within Fortune 500 companies including building pricing organizations, service offering development and sales strategy.
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