When it comes to pricing strategy, organizations have to sift through a range of initiatives to decide what is best for them. But how can organizations make informed decisions about pricing initiatives if they don’t know how those initiatives will impact their business over both the short term and the long term?
L.E.K. Consulting employs the Attractiveness Assessment Framework to help organizations select the most appropriate SaaS pricing initiatives by strategic priority and ease of execution.
Organizations’ pricing initiatives are shaped by their own strategic priorities and market contexts. The true value of the Attractiveness Assessment Framework is its flexibility, which allows teams to adapt the framework to their specific needs, ensuring resources are focused on the initiatives that will deliver the greatest impact for their organizations.
Example prioritization of pricing initiatives using the Attractiveness Assessment Framework
The Attractiveness Assessment Framework helps organizations strike a balance between quick wins and longer-term strategic initiatives (see Figure 1).
Projects on the right side of the framework, where execution is easier, often represent low-hanging fruit — initiatives that can be implemented quickly and yield fast results, such as updating contract terms or strengthening sales enablement governance to improve price realization.
On the left side are larger initiatives that demand significant resources but offer substantial long-term impact and strong alignment with strategic priorities. These more complex initiatives might include transformative efforts, such as migration of customers from legacy pricing models or a complete redesign of pricing and packaging.
Organizations can use the Attractiveness Assessment Framework to map their pricing initiatives and identify which to prioritize. The framework visually illustrates that it is key for organizations to strike a balance between initiatives that are easier to implement and those that drive substantial long-term revenue growth.
By regularly revisiting the framework, organizations can ensure they are consistently optimizing their pricing strategies, leading to a steady focus on both short-term execution and long-term strategic impact.
Need help with your SaaS pricing strategy? Contact us for guidance on optimizing your pricing and packaging to drive business outcomes.
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