
Understanding what it really means when we say that an offering has value in the eyes of a customer.
A simple yet effective way to assess and even quantify the value of an offering, in particular in a Business-to-Business environment: the cost of the problem we solve.
Clear examples that illustrate the points of the lecture 3
Identifying a target group, recognizing and segregating market segments.
Processing step-by-step along the value proposition canvas to identify and record the key triggers of needs and desires, then come up with creative ideas to feed your value proposition
Observation and practical experience help gather knowledge about a user's workflow; plotting that on a timeline helps spotting the opportunities for innovation and enhancements
Drafting a Value Proposition canvas, first by discovering the pains and gains related to a job to be done by the target group. Ask a relative or trustworthy friend to play along as your "target group" and explore with you the pains and gains of their job (or a part of their job). Such team work can be fun and let you uncover plenty of opportunities that are perhaps hidden behind assumptions or prejudices. You will also probably find out that no design challenge is trivial.
Quick reminder that creative work comes with some level of abstraction, to expand the playground to explore.
Try selecting some of your ideas of solutions and compiling them into an offering that you describe following this template: the Value Proposition (a.k.a Elevator Pitch).
5 key questions to help you keep track of your objectives all along the development process
Having a pragmatic critical point of view on the competitors and what to learn from them
Designing a desirable offering is a chain of influence rather than a mechanical actuation. We explore here the relation between features, benefits and value.
Mr. Kano defined 5 categories of features based on their impact on customer satisfaction
How to identify in which category a given feature belongs before deciding to implement that feature or not
Food for thought on important concepts like intuitiveness, user friendliness, affordance, adequacy, familiarity and their impact on the attractiveness (value) of an offering
Overview of what we learned in this class and how these points come together
If you are a designer, a product manager, an entrepreneur or innovator with big plans and future business ideas, this class will come in handy in the definition of your offering, or in other words its value proposition.
We will start with the basic definition of commercial value, revue examples of value drivers and work our way to a proper value proposition. That of course implies identifying a target group, understanding the market segments you want to reach. We will talk about Voice Of Customer (VOC) and Observational Voice Of Customer (OVOC).
We will discuss how designers can generate value. We will review what leverage they have on the success of a product idea, and how to match a specific purpose to an ideal context for the customer. You will learn how to figure out whether your offering is suitable for a chosen market segment - among other things through the Kano model. You will learn how to look at your competitive landscape, how to build a case for your offering and justify the effort from a business point of view, and how to prioritize ideas.
I will also share some food for thought on ways to tackle the development of your ideas in terms of design strategy and project objectives, always focusing on the expectations of the target group.
After this class, you will be more intentional in your innovations and ventures, keeping your mind focused on the right goals and the process under control. Good luck!