- Bond Business School
- Position type:
- PhD Program
About the position
The Bond Business School is calling for expressions of interest from Business graduates wishing to complete a PhD in the area of Marketing with a focus on Pricing Strategies.
Pricing remains an important marketing tool, as it generates revenue for an organization. While pricing largely remains a “science” based on the fact it is guided by demand, costs and other variables, it has “psychological” underpinnings as well.
Marketers are better off by paying attention to the human or behavioural aspects of pricing, and how it guides consumer decisions. Pricing strategy involves the art of pitching price in the right form to the consumers, for effective marketing. Examples such as Pay-What-You-Want, nickel and diming or left digit ending are few examples of psychological underpinnings of pricing strategy.
PWYW empowers consumers to pay any price for a product or service including zero, while nickel and diming (also referred as partitioned price) breaks up a price into two components, i.e. a base price and surcharge. For example, in an online delivery it could be the price of goods sold ($100) and delivery ($10); instead of one single price i.e. $110. In doing so, consumers perceive the partitioned price to be cheaper. In left digit ending, marketers use price discounts to lower the left digit, i.e. $1.99 instead of $2.00. Lowering the $2 price by one cent brings down the left digit to 1, i.e. $1.99 instead of $2.00, which further lowers price perceptions.
These are some of the amazing things that one can research, to develop interesting insights into how companies can work cleverly with consumer pricing, instead of waging a price war(i.e., discounting based on competitive actions). In the process of discovering these mechanisms further, one also contributes to theory of pricing.
The successful applicant’s doctoral thesis will be supervised by Dr Rajat Roy, Associate Professor, Bond Business School and will seek to answer one or more of the following preliminary research questions:
- How does psychological underpinning of pricing strategies increase price effectiveness?
- How does psychological pricing further affect consumer decisions?
In addition to high quality, personalised supervision and access to the full range of facilities available to Bond University students, the successful applicant will be entitled to the following benefits:
- Tuition fee waiver: The Australian Government’s Research Training Program (RTP) scheme provides tuition fee waivers for eligible Australian and New Zealand citizens, and Australian permanent residents enrolled in higher degree programs such as a PhD. The tuition waiver lasts the duration of the program.
- Option to apply for a scholarship: The successful applicant will be encouraged to apply for the Living Stipend Scholarship at Bond University. The RTP also provides a limited number of scholarships for PhD students by way of a living stipend. Application is made through a competitive round held twice a year (closing 31 March and 30 September).
- Employment opportunities: The successful applicant may also be provided with employment opportunities such as tutoring or research assistant work within the Bond Business School dependent upon prior experience. Employment will be subject to the conditions of the PhD program and the terms of any scholarship awarded.
The successful applicant will need to meet all Bond University requirements for entry into the PhD program and achieve the milestones required by the University throughout their doctoral program. It is also a requirement that the successful applicant be based full-time at the Gold Coast campus.
Why study at Bond?
The Bond Business School (BBS) delivers a truly personalised educational experience to every student. BBS delivers a unique learning environment based on small class sizes and an accelerated three-semester-per-year timetable. This setting tailors our industry-relevant learning experiences to the needs of each student, one by one. In addition, each student has unparalleled access to dedicated learning facilities, global industry connections, internationally diverse cohorts and world class academics. We demonstrate an outstanding student service ethic, offer an engaging and satisfying student experience, and prioritise student wellbeing. We engage in high quality, impactful research in niche areas of research excellence.
Our research groups include:
- About the person:
The successful applicant will have the opportunity to work alongside highly respected senior academics conducting leading-edge research.
- A Business or Commerce Master by Research or Bachelor of Marketing, Commerce, Business with Honours
- Experience undertaking a substantial research project (e.g. Masters thesis or Honours thesis)
- Excellent data analysis and academic writing skills
- Excellent interpersonal communication skills and a demonstrated ability to work in teams
- Evidence of project management and organisational skills, including the ability to achieve goals and deliver outcomes within a specified time period
- Publication in a peer-reviewed journal
- Experience with tutoring business students
- Capacity to seek external funding with support from supervisors
- Additional information:
For all enquiries related to this position, please contact the Bond Business School on [email protected]
- Application and submission details:
Please submit your expression of interest via email to the Business School at [email protected]
Your EOI must include:
- The number and title of the position you are applying for
- A written statement (maximum of 2 pages) describing your interest in the research project and your capacity to answer the research questions
- A written statement (maximum of 2 pages) addressing the selection criteria set out above
- A current curriculum vitae including the names of two academic referees
- Your academic transcripts
- An example of your written academic work (e.g. Master’s or Honours thesis, peer-reviewed journal article, or academic research projects)
Don't miss out
Applications close at 5:00pm, Sunday, 30 August 2020.