Seven Tips for Managing Price Increases
HBR’s Working Knowledge has yet another recently-released article that is particularly relevant to the current business environment. We haven’t dealt with a fundamentally inflationary environment in the US in any significant way since Jimmy Carter’s stagflation. And even for those of us who were around for that, it’s important to think about how the rules of the game have changed.
This recent article from HBR’s Working Knowledge talks about the subject of price increases in a very practical way. If you’re wondering whether, how, or when to increase your prices, give this article a look. It’s seven tips provide a nice base to kick-start your thinking.
Have other ideas? We’re considering making this a topic of an upcoming Grey Matter. Submit your ideas for consideration (and credit for your brilliance).
Thank you to Caliban23_ of Flickr for the photo art