Orientation to Value in Substantiation of Price Strategy - A New Approach of the Modern Enterprise

Cristian - Marian Barbu ()

Academic Journal of Economic Studies, 2015, vol. 1, issue 2, 44-55

Abstract: Price can be considered a source of messages, set up in clues relating to the characteristics of the product it targets. How these messages are received, coded and interpreted by consumers should be a major preoccupation for decision-makers. If it knows the perception of the price, the enterprise can harness its psychological potential. In justification of the decisions, the enterprise should adopt a proactive vision enabling anticipation of competition or customers at the prices charged by it. Strategic marketing planning must act in such a way to effectively manage the uncertainty that governs decisions concerning the price. The provider should focus on the value offered to consumers, the concept around which should gravitate the marketing strategy of the enterprise. Priority orientation towards costs at the expense of focus on the market does not allow for proactive price management. In this context, the need to consider the concept of value before anything else.

Keywords: Value; the perception of value; price strategy; competitive strategy; process; organization (search for similar items in EconPapers)
JEL-codes: A10 D10 D21 D46 D47 (search for similar items in EconPapers)
Date: 2015
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