Peter Drucker And The Five Deadly Business Sins
Terry Starbucker
NOVEMBER 13, 2011
2) Mispricing a new product by charging “what the market will bear”. Back in 1993 I wondered why Drucker devoted 3 out of the 5 sins to product pricing, but 18 years later I totally understand his insistence on what he called “price-driven costing” as the most effective way to gain market share. 3) Cost-Driven pricing.
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