Towards value-driven strategies in pricing IT solutions

Natalia Reen (), Magnus Hellström (), Kim Wikström () and Olga Perminova-Harikoski ()
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Natalia Reen: Isomäki 19B
Magnus Hellström: Åbo Akademi University
Kim Wikström: Åbo Akademi University
Olga Perminova-Harikoski: Åbo Akademi University

Journal of Revenue and Pricing Management, 2017, vol. 16, issue 1, No 8, 105 pages

Abstract: Abstract The objective of this paper is to discuss the challenges and opportunities involved in the pricing of industrial IT solutions and to propose practical advice on how to implement value-driven strategy in pricing. A case study of an organisation moving towards value-based pricing is presented. The results provide clarification of new pricing strategies for managers by defining work packages for implementing the transition towards a value-based approach. The findings show that value-based pricing is related to the ability of the organisation to create value for its customers, to charge them according to the value, and implies severe changes in the company’s business model.

Keywords: service pricing; value-based pricing; industrial services; pricing strategy; value-driven; capability (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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DOI: 10.1057/s41272-017-0079-z

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