Strategy Driven

OCTOBER 29, 2020

To remedy this situation in the hospitality industry, a new pricing strategy was developed; the Yield Management strategy. What is yield management? What is yield management and how does it affect your business? So, really, what is yield management ? It first began from the air travel industry.

Yield Management 65

Yield Management Price Management Hotels 65

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

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 14

Hotels Yield Management Discount Price 14

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. FVA commissioned Aachen University to manage a selection process and trial study, and the selection committee found us at NineSigma most suitable to conduct a series of technology searches.

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. Strategy execution Managing uncertainty Managing organizations' We’re working with unprecedented levels of data.

Price 8

Price Team Sports Franchising 8

Harvard Business Review

JANUARY 26, 2012

Below are five pointers to frame and guide the conversation for technology geeks and practitioners to champion the use of auto-analytics in their businesses: Auto-analytics can be understood within the tradition of scientific management. Management science has its roots in experimentation and productivity improvement.

Organization 15

Organization Self-aware Taylorism Taylor 15