how to break orbit with a great business value proposition
TRANSCRIPT
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How to Build a
Break Out Business
Value Propositio
n
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Building a Business that can “Break Orbit”
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A Great Value Proposition Changes the “Mix Ratios”
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A Little Bit About Me, The Story Architect.
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Today’s Agenda
• What is a Value Proposition• How to Build a Value
Proposition• Exceptional Examples • Drafting Your Business Value
Prop
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What is a Business Value Proposition
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A Business Value Proposition• IS: • A concise
statement • Describes who your
customer is• Describes how you
solve a customers problem• Describes how you
generate value• Describes how you
are different
• IS NOT: • Your mission
statement • Your Tagline• Your Brand Name• An Advertisement• Full of Technical
Jargon• More than a
sentence or two
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Is this a Value Proposition?
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Is this a value proposition?• The value proposition of Starbucks focused on a brand strategy that was
comprised of three components. The brand strategy was best captured by the phrase “live coffee.” This phrase reflected the importance of keeping the national coffee culture alive. From a retail perspective, this meant creating an “experience” that people would want to incorporate into their everyday lives. There were also three components to the branding strategy. The first component was simply the coffee. Starbucks offered the highest-quality coffee in the world and controlled much of the supply chain as possible to help insure that. Starbucks worked directly with growers to purchase green coffee beans, it oversaw the custom-roasting process, and it controlled distribution to retail stores around the world. The second brand component was service, or what was also referred to as “customer intimacy.” This included simple things such as remembering someone’s name or drink order. The third brand component was atmosphere. Starbucks stated that people came for the coffee but stayed for the atmosphere. Therefore it was important to provide a comfortable atmosphere that allowed a sense of community. [Emphasis mine] All of these things combined led to a compelling value proposition. • Lauren M Jacobson
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Is this a value proposition?
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Is this a value proposition?
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How to build a value proposition
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Geoff Moore Method
For (Customer) who needs (_________), we provide (product or service) that provides (Benefit)
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Heath Method (Made to Stick)
High Concept: The Blank for Blank
Ie – Jaws in Space (Aliens)
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Steve Blank Method
X,Y,ZWe Help X (Customer)Do Y (Problem we solve) By Doing Z (What we do)
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My Method
CPUWe help (C) CustomerSolve (P) Problem With (U) Unique Product or Service
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Define Who Your Customer Is
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Build a Buyer Persona
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What is your buyer’s pain level?
Photos by : Hyperbole & a half
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What’s the cause of the pain?
Photos by: Smabs Sputzer
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What’s the Impact of that pain?
Photo by: ER24 EMS (Pty) Ltd.
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How can you solve the problem in a unique way?
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Do a Competitive Analysis
What are your Customers frustrated with most by your competitors?
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Do What Your Competitors Won’t
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Exceptional Examples
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Practice
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Break Your Market Orbit
DraftImplement
Communicate
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