Posted by & filed under International Business, Management, Organizational Behavior.

Description: Every seat that goes unsold at the three-venue Center Theatre Group in Los Angeles is lost revenue. And every night Jim Royce, director of marketing, communications and sales for the nonprofit company, faces a delicate balancing act between pricing those extra seats to move and protecting their value–while not angering core subscribers who paid full price in advance.

Source: Entrepreneur.com

Date: Apr 13, 2014

Link: http://www.entrepreneur.com/article/232161

Questions for discussion:

  • How does Goldstar help management deal with unsold inventory and price control?
  • What other businesses deal with a similar challenge of maintaining value of inventory that expires at specific date and time?

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