Carragee Consulting

PPS Ferris Bueller Approach To Pricing

For the past six months I’ve been mulling over a framework I read about when I worked for Capella University: what is the value of higher education and work experience and how can you unbundle the aspects of education and training that add value to your career.  At the time I was pricing university tuition I was interested to see how claims testing data could be used in educational program and course design, instructional delivery methods and advertising.

The topic is  still relevant to me as an individual as I complete my first decade in Pricing. Which job experiences have increased my understanding the most?  What outside reading have a I done that I would recommend to others?  How do I keep from becoming a dinosaur as Big Data and inter-disciplinary learning become table stakes in analytics.

My conclusion is that, as Ferris Bueller said:

“Life is moving pretty fast.

[Now is the time of Big Data, Material Sciences, Transportation, and rapid Communication]

If you don’t stop and look around once in a while,

[By changing jobs, volunteering, taking continuing Ed courses, reading, traveling, and talking]

You could miss it.

[Resulting in lower job satisfaction, depressed wages and ultimately becoming irrelevant in your field.]”

In the next several blog posts on PricingRambles.com I plan to expand on the attached presentation and let you tour my thinking on staying relevant in pricing.  You can compare my thinking on this topic to that of Danny Kozarich from Vendavo, who has adopted my presentation abstract for the May PPS conference in Chicago.