Elevating the cost of doing nothing: an interview with Mark Shafer
Andreas Hinterhuber (),
Evandro Pollono () and
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Andreas Hinterhuber: Hinterhuber & Partners
Evandro Pollono: Hinterhuber & Partners
Mark Shafer: The Walt Disney Company
Journal of Revenue and Pricing Management, 2018, vol. 17, issue 1, 3-10
Abstract This interview discusses the implementation of pricing and revenue management in a large, diversified company—Disney. The interview explores success factors to improve profitability by leveraging the role of analytics in the discipline of revenue management and pricing. The interview also illuminates the characteristics at the level of individual revenue and pricing managers that discriminate between high and average performers. The interview finally points towards the existence of biases in revenue management implementation and reminds that the inability to perceive the inevitable biases severely undermines the ability to improve profitability.
Keywords: Pricing; Pricing strategy; Revenue management; Implementation; Analytics; Psychological traits (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:pal:jorapm:v:17:y:2018:i:1:d:10.1057_s41272-017-0130-0
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