Posts by: Tim J. Smith, PhD

Strategic Movements November 2022

By Tim J. Smith, PhD November 14, 2022

ADM Pricing Spine-ometer:  4 of 5 Vertebrae ADM, a global food processing and commodities trading corporation, had a banner Q3 in 2022…

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Strategic Movements October 2022

By Tim J. Smith, PhD October 14, 2022

Darden Pricing Decision Spine:  1 of 5 Vertebrae Darden Restaurants recently reported a revenue increase of 6.1% was overwhelmed by higher cost…

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Strategic Movements September 2022

By Tim J. Smith, PhD September 19, 2022

Dollar General Pricing Decision Spine:  3 of 5 Vertebrae Dollar General Corp. saw revenue increase 4.6% over same quarter last year from…

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Strategic Movements August 2022

By Tim J. Smith, PhD August 24, 2022

PepsiCo Decision:  4/5 Spines of Pricing Backbone PepsiCo Inc. increased revenue by 5.2% last quarter over the same time last year due…

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Strategic Movements July 2022

By Tim J. Smith, PhD July 15, 2022

      AT&T and Verizon Parallel Pricing AT&T Inc. raised prices on older wireless plans by up to $6 for individual…

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Strategic Movements May 2022

By Tim J. Smith, PhD May 26, 2022

Tying Arrangement at Peloton Peloton will raise its price from $39 to $44 per month for subscriptions to metrics, live-streaming and on-demand…

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Additional Fees: Customer Irritating but Profit Generating

By Tim J. Smith, PhD April 15, 2022

Additional Fees, aka: Junk Fees, Hidden Fees, and Sneaky Fees.  What should a marketer or pricing professional think of them? Additional Fees…

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Strategic Movements April 2022

By Tim J. Smith, PhD April 15, 2022

  Visa & Mastercard Fee Change Visa and Mastercard are rolling out a new fee schedule that has been two years in…

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Strategic Movements March 2022

By Tim J. Smith, PhD March 11, 2022

                 Luxury Price Increase Chanel SA Classic Flap bag went through multiple price increases recently…

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Value Creation v. Value Capture

By Tim J. Smith, PhD February 11, 2022

Three of the four Ps of marketing focus on creating value for customers.  Product management, which includes offering design, services, and help…

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About The Author

timjsmith
Tim J. Smith, PhD, is the founder and CEO of Wiglaf Pricing, an Adjunct Professor of Marketing and Economics at DePaul University, and the author of Pricing Done Right (Wiley 2016) and Pricing Strategy (Cengage 2012). At Wiglaf Pricing, Tim leads client engagements. Smith’s popular business book, Pricing Done Right: The Pricing Framework Proven Successful by the World’s Most Profitable Companies, was noted by Dennis Stone, CEO of Overhead Door Corp, as "Essential reading… While many books cover the concepts of pricing, Pricing Done Right goes the additional step of applying the concepts in the real world." Tim’s textbook, Pricing Strategy: Setting Price Levels, Managing Price Discounts, & Establishing Price Structures, has been described by independent reviewers as “the most comprehensive pricing strategy book” on the market. As well as serving as the Academic Advisor to the Professional Pricing Society’s Certified Pricing Professional program, Tim is a member of the American Marketing Association and American Physical Society. He holds a BS in Physics and Chemistry from Southern Methodist University, a BA in Mathematics from Southern Methodist University, a PhD in Physical Chemistry from the University of Chicago, and an MBA with high honors in Strategy and Marketing from the University of Chicago GSB.