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European Best Pricing Master Thesis Award

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<strong>European</strong><br />

<strong>Best</strong> <strong>Pricing</strong> <strong>Master</strong> <strong>Thesis</strong><br />

<strong>Award</strong><br />

Academic Year 2011 - 2012


OVERVIEW<br />

PRICING KNOWLEDGE DEVELOPMENT<br />

Cutting costs and increasing sales volume are not the only roads that lead<br />

to increased profitability. Managing a company’s price is in most cases a<br />

much more powerful lever to focus on. But there is not just one solution for<br />

a successful pricing strategy that suits everyone. Understanding what<br />

specific opportunities to capitalise on and how to do it, is a major challenge<br />

for all companies that want to improve their profitability through pricing.<br />

The need for pricing expertise will increase significantly in the coming<br />

years. Knowledge development of the importance and impact of pricing,<br />

pricing strategies, pricing instruments and tactics is key for organizations<br />

aiming at sustainable growth and value capturing.<br />

In Europe experienced pricing professionals are still scarce. Only few<br />

organizations have pricing managers today. As the need for more talent will<br />

seriously increase, students who focus on the pricing subject might be one<br />

step ahead of others at the moment they enter the career market.<br />

The importance of pricing knowledge development at student level - and<br />

herewith stimulate a new generation of professionals starting their careers<br />

with fundamental and applied knowledge in the pricing area - is the driver<br />

behind the <strong>European</strong> <strong>Best</strong> <strong>Pricing</strong> <strong>Master</strong> <strong>Thesis</strong> <strong>Award</strong>.<br />

THE AWARD<br />

The <strong>European</strong> <strong>Best</strong> <strong>Pricing</strong> <strong>Master</strong> <strong>Thesis</strong> <strong>Award</strong> is rewarded yearly to the<br />

writer of the best final paper that addresses pricing as the main subject.<br />

The winning student will receive a cash reward of € 1,000, an EPP <strong>Pricing</strong><br />

Training of choice, and a Bundle of <strong>Pricing</strong> Books.<br />

The second prize winner will receive an ePP <strong>Pricing</strong> Training of choice and a<br />

bundle of pricing books. The student with the third prize receives the<br />

bundle of pricing books.<br />

FOR WHOM<br />

Any student graduated from a <strong>European</strong> University or Business School at<br />

<strong>Master</strong> level may enter the competition.<br />

THE JURY<br />

A jury will decide on which final thesis is the winning one.


PRACTICAL INFO<br />

CLOSING DATE<br />

The official closing date for submission is August 1 st , 2012 until 09.00 hrs<br />

AM.<br />

SUBMISSION<br />

All entries must be submitted through the application form on the website of<br />

the <strong>European</strong> <strong>Pricing</strong> Platform (www.pricingplatform.eu). Please refer the<br />

Rules and Regulations pages in this brochure for further details.<br />

NOMINEES & AWARD WINNER<br />

The jury will appoint three nominees who will be invited to the EPP event late<br />

2012 where the <strong>Award</strong> winning student will be announced.<br />

LANGUAGE<br />

The submitted master thesis must be written in English.<br />

QUESTIONS?<br />

Contact Joyce Verfaillie<br />

<strong>European</strong> <strong>Pricing</strong> Platform<br />

Izegemsestraat 7 3.01<br />

8860 Lendelede<br />

Belgium<br />

E-mail: joyce.verfaillie@pricingplatform.eu<br />

Telephone: +32 51/ 32 03 72


ABOUT THE EPP<br />

The <strong>European</strong> <strong>Pricing</strong> Platform (EPP) is the first - independent -<br />

<strong>European</strong> platform and network focused to support pricing and<br />

profit optimization decision makers in a wide variety of industries<br />

and sectors.<br />

! The EPP brings the best of pricing in Europe !<br />

On the EPP you can find and share pricing knowledge, best practices and<br />

tools, extend your network of pricing professionals, build and update<br />

relations, and search and post pricing jobs.<br />

The EPP offers a platform and network for everyone involved in pricing and<br />

profit optimization decision making: general managers, marketing, sales,<br />

operations, revenue managers, and financial management.<br />

Professors and lecturers at <strong>European</strong> universities working on pricing research<br />

and projects link academic knowledge to managerially relevant pricing<br />

knowledge and solutions.<br />

www.pricingplatform.eu


ABOUT THE AWARD SPONSORS<br />

ACCENTURE<br />

Accenture is a global management<br />

consulting, technology services and<br />

outsourcing company, with<br />

approximately 236,000 people serving<br />

clients in more than 120 countries.<br />

Accenture collaborates with clients to<br />

help them become high-performance businesses and governments.<br />

Intense price competition for materials and services, more<br />

sophisticated customers and less predictability all require a new<br />

approach to sustained profitability. Accenture offers a suite of road-<br />

tested <strong>Pricing</strong> and Profit Optimization services that can help clients<br />

optimize profitability by building, implementing, and sustaining<br />

advanced capabilities in four areas: pricing strategy, analytics, price-<br />

setting, and execution.<br />

www.accenture.com<br />

DELOITTE<br />

Deloitte is an organization of member<br />

firms devoted to excellence in providing<br />

professional services and advice. We are<br />

focused on client service through a<br />

global strategy executed locally in nearly<br />

150 countries.<br />

With access to the deep intellectual capital of 120,000 people<br />

worldwide, our member firms (including their affiliates) deliver<br />

services in four professional areas: audit, tax, consulting, and<br />

financial advisory services. Our member firms serve over one half of<br />

the world’s largest companies, as well as large national enterprises,<br />

public institutions, and successful, fast-growing global growth<br />

companies.<br />

www.deloitte.com


ABOUT THE AWARD SPONSORS<br />

EVONIK INDUSTRIES AG<br />

Evonik, the creative industrial group<br />

from Germany, is one of the world<br />

leaders in specialty chemicals. Its<br />

activities focus on the key megatrends<br />

health, nutrition, resource efficiency and<br />

globalization. In 2010 about 80 percent<br />

of the Group’s chemicals sales came from activities where it ranks<br />

amont the market leaders. Evonik benefits specifically from its<br />

innovative prowess and integrated technology platforms. Evonik is<br />

active in over 100 countries around the world. In fiscal 2010 more<br />

than 34,000 employees generated sales of around €13.3 billion and<br />

an operating profit (EBITDA) of about €2.4 billion.<br />

www.evonik.com<br />

MODEL N<br />

With over $150B in annual revenues<br />

across 50 countries managed in our<br />

systems, Model N supports Life Sciences,<br />

High Tech, and Discrete manufacturing<br />

customers through their entire revenue<br />

life cycle across their pricing, bid and<br />

tender, contract, compliance, settlements, and channel processes.<br />

Our deep industry expertise and best practices, highly configurable<br />

applications, and comprehensive services support your organization<br />

on premise or in the cloud. Whether you are an emerging business or<br />

a global leader, Model N results in revenue.<br />

www.modeln.com


ABOUT THE AWARD SPONSORS<br />

NAVETTI<br />

Navetti is the leading provider of pricing<br />

solutions for the manufacturing industry.<br />

Navetti has received recognition for its<br />

domain expertise in the field of pricing<br />

for international manufacturing<br />

companies, where price optimisation<br />

between markets and product families<br />

are critical. Navetti has over the years developed a solid value based<br />

and market driven pricing methodology, which has delivered<br />

increased profit and pricing quality to its clients. The methodology in<br />

combination with Navetti PricePoint, has clearly increased profit,<br />

customer trust and efficiency – all managed in a sustainable solution.<br />

www.navetti.se<br />

ONETREE SOLUTIONS<br />

OneTree Solutions S.A. offers enterprise-<br />

class, asset-based solutions that help<br />

businesses to perform optimally.<br />

OneTree Solutions is part of the OneTree<br />

Group, which was formed in 2001 with a<br />

vision to change the way software is<br />

researched, engineered and delivered.<br />

By harnessing the latest technologies and anticipating the<br />

expectations of business domains, OneTree provides software<br />

solutions which offer a fast ROI and quick time-to-value. OneTree´s<br />

latest revenue maximization solution -OT ReMax- empowers<br />

businesses to make the right decisions when it comes to preparing<br />

quotes and negotiating deals and contracts.<br />

www.onetreesol.com


ABOUT THE AWARD SPONSORS<br />

PROS<br />

PROS (NYSE: PRO) is the leading<br />

provider of B2B price and margin<br />

optimization software for manufacturing,<br />

distribution, and services industries.<br />

PROS <strong>Pricing</strong> Solution Suite (PPSS)<br />

empowers you to understand<br />

how pricing impacts profitability, bring scientific pricing strategies to<br />

market, and negotiate pricing using scientific price guidance. PROS<br />

customers have seen as much as $200M in annual revenue<br />

improvement with millions in profit improvement achieved in under<br />

30 days. PROS has implemented over 200 solutions in more than 40<br />

countries. Founded in 1985, PROS’ 350+ employees in the US,<br />

Europe, and Asia include over 25 Ph.D.s and the industry’s largest<br />

commitment to pricing science and pricing software R&D.<br />

www.prospricing.com<br />

PRICING SOLUTIONS<br />

<strong>Pricing</strong> Solutions Europe AG is an expert<br />

Consultancy in <strong>Pricing</strong>, with more than<br />

20 years of experience and quite well<br />

known for the high standard deliveries<br />

on services related to People &<br />

Organizations (i.e. Training & Coaching),<br />

<strong>Pricing</strong> Management (i.e. <strong>Pricing</strong> Diagnostic & Roadmap for<br />

Excellence), <strong>Pricing</strong> Research & Analytics (i.e.: Value Map and Price<br />

Optimizer) and Systems & Tools (RFP Management & Business<br />

Intelligence).<br />

Our mission is “To significantly improve our Clients Profitability by<br />

helping them achieve a World Class Level of <strong>Pricing</strong> Competency”<br />

www.pricingsolutions.com


ABOUT THE AWARD SPONSORS<br />

VANAERDE CONSULTING<br />

Vanaerde Consulting combines market<br />

strategy and pricing expertise. We help<br />

management to realize their top line<br />

growth strategy. We and our clients<br />

believe that a differentiated<br />

business/market strategy - and effective pricing - are key value<br />

drivers of successful organizations. VC consultants and project<br />

managers work in sectors as industry, construction, chemical<br />

industry, energy, telecom, leisure, finance and insurance, b2b<br />

services & FMCG.<br />

www.vanaerdeconsulting.com<br />

VENDAVO<br />

Vendavo is the leading provider of price<br />

management and optimization software<br />

for business-to-business companies<br />

worldwide. Vendavo’s proven enterprise-<br />

class software is built to address the<br />

needs of the most demanding global<br />

customers with a focus on reducing total cost of ownership. Vendavo<br />

customers benefit from the solution’s flexible architecture, scalability,<br />

usability and global support.<br />

www.vendavo.com


ABOUT THE AWARD SPONSORS<br />

VISTAAR<br />

Vistaar is an innovator of price and<br />

revenue management solutions.<br />

Vistaar’s pricing software enables<br />

companies to achieve pricing best<br />

practices through price analytics, price<br />

optimization, price list management, and<br />

deal management. Vistaar is working with companies such as AMD,<br />

Beam Global, Cisco, Ford and GE to transform pricing operations into<br />

a strategic advantage. For these companies, Vistaar pricing software<br />

drives measurable price and margin improvements that deliver<br />

profitable growth and maximum shareholder value. Vistaar’s<br />

operations include six offices across North America, Europe and<br />

South Asia.<br />

www.vistaar.com


RULES AND REGULATIONS<br />

DESCRIPTION<br />

1. The <strong>European</strong> <strong>Best</strong> <strong>Pricing</strong> <strong>Master</strong> <strong>Thesis</strong> <strong>Award</strong> is awarded to a graduate<br />

from a <strong>European</strong> University or Business School at <strong>Master</strong> level, who<br />

addresses pricing as the main subject in his / her paper.<br />

ENTRY<br />

2. Any student graduated from a <strong>European</strong> University or Business School at<br />

<strong>Master</strong> level may enter the competition. However, the jury reserves the right<br />

to make a motivated exception for these written at Bachelor level.<br />

3. Entrants must have completed their studies in academic year 2011 -<br />

2012. However, the jury reserves the right to make a motivated exception to<br />

this rule.<br />

4. Relatives of members of the jury or officials of the <strong>European</strong> <strong>Pricing</strong><br />

Platform are excluded from competition.<br />

5. Entrants are expected to have read the competition rules and regulations<br />

and to have complied with them.<br />

6. The official closing date for submission is August 1 st , 2012 until 09.00 hrs<br />

AM. Students who want to enter the competition will notify the <strong>European</strong><br />

<strong>Pricing</strong> Platform by entering the pre-application form ultimately February 1 st ,<br />

2008.<br />

7. Entries must:<br />

a. be written in English<br />

b. be submitted through the application form on the website of the<br />

<strong>European</strong> <strong>Pricing</strong> Platform: www.pricingplatform.eu<br />

c. contain the following items:<br />

- a summary of the final master thesis (max. 1 A4)<br />

- the complete final master thesis<br />

- a copy of the <strong>Master</strong> or proof of the thesis having been<br />

accepted<br />

- the curriculum vitae of the applying student<br />

- a digital passport photograph of the student<br />

d. be submitted in the following file formats:<br />

- (summary of) the final master thesis > Word or PDF-file<br />

- curriculum vitae > Word or PDF-file<br />

- proof of acceptance > PDF or JPG-file<br />

- photograph > JPG-file<br />

Any submission lacking one or more of the requested documents could lead<br />

to not acceptance by the jury.<br />

8. Entrants will receive confirmation of their entry. The winner will be<br />

announced during an EPP event late 2012. Those nominated by the jury will<br />

receive an invitation to the award ceremony.<br />

9. Documents / files are submitted electronically and therefore will not be<br />

returned.


JUDGEMENT CRITERIA<br />

10. Criteria and weighing factors for reviewing the submitted papers will be<br />

determined by the jury. The following factors will be taken into<br />

consideration:<br />

JURY<br />

a. thoroughness<br />

b. depth of research<br />

c. originality<br />

d. (business) relevance of the pricing subject<br />

e. structure and logic<br />

<strong>European</strong> <strong>Pricing</strong> Platform delegates<br />

Raffaele Vitale Accenture<br />

Fernando Ventureira <strong>Pricing</strong> Solutions<br />

Frédéric Duhamelle Syngenta<br />

Manu Carricano EADA Barcelona<br />

Sponsor delegates<br />

Gernot Dambacher Evonik Industries AG<br />

AWARD<br />

1. The winner of the <strong>European</strong> <strong>Best</strong> <strong>Pricing</strong> <strong>Master</strong> <strong>Thesis</strong> <strong>Award</strong> will receive<br />

a cash prize of € 1,000 (thousand euros), an EPP <strong>Pricing</strong> Training, and<br />

a bundle of pricing books. The winner is free to choose a training within<br />

the EPP training program.<br />

2. The second prize winner receives an EPP <strong>Pricing</strong> Training, and a bundle of<br />

pricing books. The winner is free to choose a training within the EPP training<br />

program.<br />

3. The third prize winner receives a bundle of pricing books.


PRIVACY & DATA PROTECTION<br />

1. The EPP processes personal data in compliance with the <strong>European</strong> Data<br />

Protection Directive (95/46/EC). To ensure that the entrant’s information the<br />

EPP holds is accurate and up-to-date, entrants will notify the EPP as soon as<br />

possible regarding to relevant changes in contact details. The EPP will collect<br />

and hold entrant’s data that are necessary for the administration and<br />

reviewing process of the <strong>European</strong> <strong>Best</strong> <strong>Pricing</strong> <strong>Master</strong> <strong>Thesis</strong> <strong>Award</strong>.<br />

2. Entrants agree with the fact that the EPP provides their personal data,<br />

curriculum vitae, (summary of) the final paper to the jury members for<br />

reviewing purposes, and to the corporate sponsors of the <strong>European</strong> <strong>Best</strong><br />

<strong>Pricing</strong> <strong>Master</strong> <strong>Thesis</strong> <strong>Award</strong>. These companies might contact the entrants in<br />

the near future.<br />

3. Entrants agree with the fact that the EPP publishes any submitted<br />

information on the EPP’s website, the EPP’s monthly newsletter, the <strong>Pricing</strong><br />

Blog, and in any press release regarding the <strong>European</strong> <strong>Best</strong> <strong>Pricing</strong> <strong>Master</strong><br />

<strong>Thesis</strong> <strong>Award</strong>.<br />

4. Entrants may from time to time receive information about EPP initiatives.<br />

FINAL CLAUSE<br />

All instances for which these rules do not provide will be decided on by the<br />

chair of the jury.

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