Value Creation
Value creation focuses on the identify the problems that your customers need solved and finding ways to communicate with them. The goal of any product is to help your customer achieve superior performance.
Tech CEOs Struggle with
Messaging
Product messaging sounds similar to competitors.
Helping Prospect Buy
Prospects do not understand why they should move forward with your solution.
Costly Deals
Deals are won by providing large concessions, examples pricing or free services.
Common Approach
Start ups and small companies start with a product idea to capture an opportunity and make the product the center of their value proposition. They focus on the features and capabilities of the technology. They, rightly so, believe in the power of their product.
The Result
Unfortunately, customer see several solutions that generally look the same. The customer is shown a demo or presentation highlighting the product’s capabilities.
The Problem
The customer engagement fails to focus on the customer’s business. Often times, a narrow feature-benefit approach is taken. What is needed is a value proposition that ties the product’s capabilities directly to a customer business need, e.g. improve competitive positioning, increase revenue, etc.
New Viewpoint
Create a Value Proposition that focuses on the strategic, operational and business needs of the customer
- Start with the jobs that your customer needs to do that align with your product’s capabilities
- Understand the what happens if your customer does the job well and poorly
- Focus on the business drivers resulting from the Customers jobs
- Tie the business drivers to your solution.
If you are not able to help the customer improve their business with your solution, step back and take a new look.
Leverage Your Knowledge
As a provider of technology, you have many customer engagements that provide you knowledge of how your product fits into the business landscape.
Focus on Jobs
Understand what the customer is doing now to reach their business, strategic and operating goals with particular focus on the tasks being performed and how they link to the business goals
Gain and Pain
Focus on your solutions capabilities to impact the work performed by improving the gains of doing a good job and reducing the pain of doing a bad job.
Business is King
Turn those gain creators and pain removers into the value that moves the customer’s business forward. Tie it to the key business goals and help the customer achieve superior performance.
Learn More
Explore how Value Proposition Design can take your business to the next level.