Strategy Driven

OCTOBER 29, 2020

However, it’s different for the hospitality industry. In the hospitality industry, services and products are only useful when utilized and, of course, paid for. To remedy this situation in the hospitality industry, a new pricing strategy was developed; the Yield Management strategy. What is yield management?

Yield Management 65

Yield Management Price Management Hotels 65

Harvard Business Review

SEPTEMBER 3, 2014

That’s bad news and worse management. In pre-Big Data days, for example, a hotel chain used some pretty sophisticated mathematics, data mining, and time series analysis to coordinate its yield management pricing and promotion efforts. For the most part, local managers followed the yield management rules.

Hotels 10

Hotels Yield Management Discount Price 10

Harvard Business Review

SEPTEMBER 3, 2014

That’s bad news and worse management. In pre-Big Data days, for example, a hotel chain used some pretty sophisticated mathematics, data mining, and time series analysis to coordinate its yield management pricing and promotion efforts. For the most part, local managers followed the yield management rules.

Hotels 8

Hotels Yield Management Discount Price 8

Harvard Business Review

JANUARY 28, 2013

When I urge managers in a company to make open innovation part of their innovation strategy, they get it conceptually. Every year, FVA conducts an industry-wide technology search to identify new and emerging solutions, and it shares the results as a service to its member companies.

Innovation 8

Innovation Maturity Engineering Industry 8

Harvard Business Review

MARCH 23, 2015

We talk about things like yield management, demand curves, and perishable inventory — factors that dictate our pricing strategies. Sports has been very good for the cable industry. Strategy execution Managing uncertainty Managing organizations' We’re working with unprecedented levels of data.

Price 8

Price Team Sports Franchising 8

Strategy Driven

MARCH 30, 2011

Pricing Strategy : Setting Price Levels, Managing Price Discounts and Establishing Price Structures by Tim J. Unit pricing, two-part pricing, complementary pricing, versioning, bundling, subscriptions, and yield management are all different price structures. And, it can’t be solved by allocating costs and adding markups.

Price 50

Price Strategy Discount Levitt 50