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Value Proposition Workshop
May 2013
Objective
Understand what is a value proposition.
Give shape, revise or restate the value
proposition of the idea, project or company.
Having the value proposition to accompany the
process of interaction with PMV customers
Agenda
•  What is a value proposition.
•  Example of value offers.
•  Canvas of the Value Proposition (VP).
•  Creating your canvas.
•  Oceans Blue v / s Red Oceans in VP.
•  Competing for consumers.
•  The value proposition is what the
product does to satisfy the
customer
•  People do not buy products, they
contract them to do a job .
Clayton Christensen
Bespoke
Bespoke
•  The best and most up
to date, tested and
modular from Linux for
your business
•  Easy to download.
•  Cost for services
(support, assistance
and monitoring)
•  All your files backed up on Internet.
•  Accesibles 24/7, from all your devices.
•  Easy to share with others.
•  Food preservation (primarily liquids) without use of cooling
or freezing.
•  Space Reduction of storage, transportation, display of
products.
•  Recyclable packaging, reusable materials to redo packaging
or other uses.
•  Delicious and authentic latin food.
•  Recipe transmited from generation to generation.
•  Bar of fresh dressings.
José	
  Mourinho	
  
Obtain	
  Results	
  
Manuel	
  
Pellegrini	
  
Team	
  Maker	
  
The Value Proposition Canvas
1
2
3
4
5
6
Electric Car for Resort
Transporting in
enclosed vast
places.
Have fun on vacation.
Mobility and independence.
Flexibility.
Do not use car.
Expenditure of
time and energy.
Wait transport.
Safety concerns.
Electric car
(golf car)
for short
distances in
vacation
resort.
Be able to move yourself
or the whole family.
Easy to park and no
maintenance.
Low risk of accidents.
Entertainment
element.
Unconcern of
vehicle safety.
Without fuel.
Autonomy for
transportation.
Trio Wine
Serve dinner with
something of
quality.
Show how original
person one is.
Simple to taste and explain.
Novelty..
Drinking the same.
Consuming a product of
quality and taste.
Little budget.
Wine
assembly.
Different
mixtures of
vines
Wine at an affordable price.	
  
Distinguishes oneself as
original person.
Innovative mix of flavors.
Quality is stable over time
•  What functional jobs is your customer trying get
done? (e.g. perform or complete a specific task,
solve a specific problem, ...)
•  What social jobs is your customer trying to get
done? (e.g. trying to look good, gain power or
status, ...)
•  What emotional jobs is your customer trying get
done? (e.g. esthetics, feel good, security, ...)
•  What basic needs is your customer trying to
satisfy? (e.g. communication, sex, ...)
1
2
3
5
6
CUSTOMER	
  
JOBS	
  
EXAMPLE
•  Trio:
–  Accompany a nice dinner
with something new and
of predictable quality.
–  Appear as an original
person with good taste.
•  Resort electric car:
–  Transport, transfer, going
from one point to
another in far-flung
places (closed)
independently.
CUSTOMER
JOBS
•  Activity 1
1.  Individually, fill the box (5
minutes).
2.  Choose two from the table
that display and receive
feedback (2 minutes each).
3.  The rest of the table gives
feedback on the other
presentations (6 min total).
•  What does your customer find too costly? (e.g. takes a lot of time, costs too
much money, requires substantial efforts, ...)
•  What makes your customer feel bad?(e.g. frustrations, annoyances, things
that give them a headache, ...)
•  What are the main difficulties and challenges your customer encounters?
(e.g. understanding how things work, difficulties getting things done,
resistance, ...)
•  What risks does your customer fear? (e.g. financial, social, technical risks, or
what could go awfully wrong, ...)
•  What common mistakes does your customer make? (e.g. usage mistakes, ...)
1
2
3
5
6
PAINS	
  
Example
•  Trio:
–  Do not drink the same
thing (find alternatives).
–  To drink a wine which
quality and flavor stay
stable over time
–  Little budget to get what
you want.
•  Resort electric car:
–  Spending time and
energy walking
(tiredness).
–  Having to wait for public
transport and bear all the
routes.
–  Safety concerns during
the holidays.
PAINS •  Activity 2
1.  Individually, fill the box (5
minutes).
2.  Choose two from the table
that display and receive
feedback (2 minutes each).
3.  The rest of the table gives
feedback on the other
presentations (6 min total).
•  Which savings would make your customer happy? (e.g. in terms of time, money
and effort, ...)
•  What outcomes does your customer expect and what would go beyond his/her
expectations? (e.g. quality level, more of something, less of something, ...)
•  What would make your customer’s job or life easier? (e.g. flatter learning curve,
more services, lower cost of ownership, ...)
•  What do customers dream about? (e.g. big achievements, big reliefs, ...)
•  How does your customer measure success and failure? (e.g. performance, cost, ...)
1
2
3
5
6
GAINS	
  
EXAMPLE
•  Trio:
–  Simple to taste and
explain.
–  Novelty.
–  Show how original person
one is and that he/she
has good taste.
•  Resort electric car:
–  Have fun.
–  Movility and
independence.
–  Flexibility.
–  Not using the car.
GAINS •  Activity 3
1.  Individually, fill the box (5
minutes).
2.  Choose two from the table
that display and receive
feedback (2 minutes each).
3.  The rest of the table gives
feedback on the other
presentations (6 min total).
What products and services you
offer that help a customer to
make a functional, social or
emotional work, or that help to
satisfy a basic need?
1
2
3
4
5
6
PRODUCTS	
  
&	
  SERVICES	
  
Example
•  Trio:
–  Red or white wine
assembly (3 vines in a
single bottle).
–  Different mixtures with
varying levels of intensity
per vine.
•  Resort electric car:
–  Electric car (golf type) for
distances in extensive
holiday resorts.
PRODUCTS AND
SERVICES
•  Activity 4
1.  Individually, fill the box (5
minutes).
2.  Choose two from the table
that display and receive
feedback (2 minutes each).
3.  The rest of the table gives
feedback on the other
presentations (6 min total).
•  ... produce savings? (e.g. in terms of time, money, or efforts, ...)
•  ... make your customers feel better? (e.g. kills frustrations, annoyances, things
that give them a headache, ...)
•  ... fix underperforming solutions? (e.g. new features, better performance,
better quality, ...)
•  ... wipe out negative social consequences your customers encounter or fear?
(e.g. loss of face, power, trust, or status, ...)
•  ... eliminate risks your customers fear? (e.g. financial, social, technical risks, or
what could go awfully wrong, ...)
•  ... help your customers better sleep at night? (e.g. by helping with big issues,
diminishing concerns, or eliminating worries, ...)  
2
3
4
5
6
PAIN	
  RELIEVERS	
  
Example
•  Trio:
–  Wine at an accesible
price.
•  Resort electric car:
–  Be able to move yourself
or the whole family.
–  Easy to park and no
maintenance.
–  Low risk of accidents.
PAIN RELIEVERS •  Activity 5
1.  Individually, fill the box (5
minutes).
2.  Choose two from the table
that display and receive
feedback (2 minutes each).
3.  The rest of the table gives
feedback on the other
presentations (6 min total).
•  ...create savings that make your customer happy? (e.g. in terms of time, money
and effort, ...)
•  ... produce outcomes your customer expects or that go beyond their
expectations? (e.g. better quality level, more of something, less of
something, ...)
•  ... copy or outperform current solutions that delight your customer? (e.g.
regarding specific features, performance, quality, ...)
•  ... make your customer’s job or life easier? (e.g. flatter learning curve, usability,
accessibility, more services, lower cost of ownership, ...)
•  ... create positive social consequences that your customer desires? (e.g.
makes them look good, produces an increase in power, status, ...)
2
3
4
5
6
GAIN	
  CREATORS	
  
Example
•  Trio:
–  Distinguishes oneself as
original person.
–  Innovative mix of flavors.
–  Quality is stable over
tim)
•  Carro eléctrico resort:
–  Entertainment element.
–  Unconcern of vehicle
safety.
–  Without fuel.
–  Autonomy for
transportation.
GAIN CREATORS •  Activity 6
1.  Individually, fill the box (5
minutes).
2.  Choose two from the table
that display and receive
feedback (2 minutes each).
3.  The rest of the table gives
feedback on the other
presentations (6 min total).
Red Ocean v/s Blue Ocean
Undifferentiated value propositions Innovative value propositions
Traditional Circus
Traditional Circus
Traditional Circus
Circo tradicional
Cirque du soleil
Cirque du soleil
COMPETITORS •  Activity 7
1.  Individually make a list
with the two most
important products /
companies / offers
competing (5 minutes)
COMPARAISON
ASPECTS
•  Activity 8
1.  Individually make a list
comparing aspects
between the
competition and the
entrepreneurship,
maximum 7 attributes
(10 minutes)
§  Earnings
§  Analgesics
§  Products / services /
solutions or prominent
features
COMPARAISON
TABLE
•  Activity 9
1.  Draw up the table,
assigning a score of
1-5 for each attribute
to each company.
A B Us
Attribute 1
Attribute2
Attribute 3
Attribute 4
Attribute 5
Attribute 6
Attribute 7
Competing for customers
Cirque Du Soleil Value Curve
www.p3-ventures.biz

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Workshop 3 the value proposition

  • 2. Objective Understand what is a value proposition. Give shape, revise or restate the value proposition of the idea, project or company. Having the value proposition to accompany the process of interaction with PMV customers
  • 3. Agenda •  What is a value proposition. •  Example of value offers. •  Canvas of the Value Proposition (VP). •  Creating your canvas. •  Oceans Blue v / s Red Oceans in VP. •  Competing for consumers.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9. •  The value proposition is what the product does to satisfy the customer •  People do not buy products, they contract them to do a job . Clayton Christensen
  • 12. •  The best and most up to date, tested and modular from Linux for your business •  Easy to download. •  Cost for services (support, assistance and monitoring)
  • 13. •  All your files backed up on Internet. •  Accesibles 24/7, from all your devices. •  Easy to share with others.
  • 14. •  Food preservation (primarily liquids) without use of cooling or freezing. •  Space Reduction of storage, transportation, display of products. •  Recyclable packaging, reusable materials to redo packaging or other uses.
  • 15. •  Delicious and authentic latin food. •  Recipe transmited from generation to generation. •  Bar of fresh dressings.
  • 18. The Value Proposition Canvas 1 2 3 4 5 6
  • 19. Electric Car for Resort Transporting in enclosed vast places. Have fun on vacation. Mobility and independence. Flexibility. Do not use car. Expenditure of time and energy. Wait transport. Safety concerns. Electric car (golf car) for short distances in vacation resort. Be able to move yourself or the whole family. Easy to park and no maintenance. Low risk of accidents. Entertainment element. Unconcern of vehicle safety. Without fuel. Autonomy for transportation.
  • 20.
  • 21. Trio Wine Serve dinner with something of quality. Show how original person one is. Simple to taste and explain. Novelty.. Drinking the same. Consuming a product of quality and taste. Little budget. Wine assembly. Different mixtures of vines Wine at an affordable price.   Distinguishes oneself as original person. Innovative mix of flavors. Quality is stable over time
  • 22. •  What functional jobs is your customer trying get done? (e.g. perform or complete a specific task, solve a specific problem, ...) •  What social jobs is your customer trying to get done? (e.g. trying to look good, gain power or status, ...) •  What emotional jobs is your customer trying get done? (e.g. esthetics, feel good, security, ...) •  What basic needs is your customer trying to satisfy? (e.g. communication, sex, ...) 1 2 3 5 6 CUSTOMER   JOBS  
  • 23. EXAMPLE •  Trio: –  Accompany a nice dinner with something new and of predictable quality. –  Appear as an original person with good taste. •  Resort electric car: –  Transport, transfer, going from one point to another in far-flung places (closed) independently.
  • 24. CUSTOMER JOBS •  Activity 1 1.  Individually, fill the box (5 minutes). 2.  Choose two from the table that display and receive feedback (2 minutes each). 3.  The rest of the table gives feedback on the other presentations (6 min total).
  • 25. •  What does your customer find too costly? (e.g. takes a lot of time, costs too much money, requires substantial efforts, ...) •  What makes your customer feel bad?(e.g. frustrations, annoyances, things that give them a headache, ...) •  What are the main difficulties and challenges your customer encounters? (e.g. understanding how things work, difficulties getting things done, resistance, ...) •  What risks does your customer fear? (e.g. financial, social, technical risks, or what could go awfully wrong, ...) •  What common mistakes does your customer make? (e.g. usage mistakes, ...) 1 2 3 5 6 PAINS  
  • 26. Example •  Trio: –  Do not drink the same thing (find alternatives). –  To drink a wine which quality and flavor stay stable over time –  Little budget to get what you want. •  Resort electric car: –  Spending time and energy walking (tiredness). –  Having to wait for public transport and bear all the routes. –  Safety concerns during the holidays.
  • 27. PAINS •  Activity 2 1.  Individually, fill the box (5 minutes). 2.  Choose two from the table that display and receive feedback (2 minutes each). 3.  The rest of the table gives feedback on the other presentations (6 min total).
  • 28. •  Which savings would make your customer happy? (e.g. in terms of time, money and effort, ...) •  What outcomes does your customer expect and what would go beyond his/her expectations? (e.g. quality level, more of something, less of something, ...) •  What would make your customer’s job or life easier? (e.g. flatter learning curve, more services, lower cost of ownership, ...) •  What do customers dream about? (e.g. big achievements, big reliefs, ...) •  How does your customer measure success and failure? (e.g. performance, cost, ...) 1 2 3 5 6 GAINS  
  • 29. EXAMPLE •  Trio: –  Simple to taste and explain. –  Novelty. –  Show how original person one is and that he/she has good taste. •  Resort electric car: –  Have fun. –  Movility and independence. –  Flexibility. –  Not using the car.
  • 30. GAINS •  Activity 3 1.  Individually, fill the box (5 minutes). 2.  Choose two from the table that display and receive feedback (2 minutes each). 3.  The rest of the table gives feedback on the other presentations (6 min total).
  • 31. What products and services you offer that help a customer to make a functional, social or emotional work, or that help to satisfy a basic need? 1 2 3 4 5 6 PRODUCTS   &  SERVICES  
  • 32. Example •  Trio: –  Red or white wine assembly (3 vines in a single bottle). –  Different mixtures with varying levels of intensity per vine. •  Resort electric car: –  Electric car (golf type) for distances in extensive holiday resorts.
  • 33. PRODUCTS AND SERVICES •  Activity 4 1.  Individually, fill the box (5 minutes). 2.  Choose two from the table that display and receive feedback (2 minutes each). 3.  The rest of the table gives feedback on the other presentations (6 min total).
  • 34. •  ... produce savings? (e.g. in terms of time, money, or efforts, ...) •  ... make your customers feel better? (e.g. kills frustrations, annoyances, things that give them a headache, ...) •  ... fix underperforming solutions? (e.g. new features, better performance, better quality, ...) •  ... wipe out negative social consequences your customers encounter or fear? (e.g. loss of face, power, trust, or status, ...) •  ... eliminate risks your customers fear? (e.g. financial, social, technical risks, or what could go awfully wrong, ...) •  ... help your customers better sleep at night? (e.g. by helping with big issues, diminishing concerns, or eliminating worries, ...)   2 3 4 5 6 PAIN  RELIEVERS  
  • 35. Example •  Trio: –  Wine at an accesible price. •  Resort electric car: –  Be able to move yourself or the whole family. –  Easy to park and no maintenance. –  Low risk of accidents.
  • 36. PAIN RELIEVERS •  Activity 5 1.  Individually, fill the box (5 minutes). 2.  Choose two from the table that display and receive feedback (2 minutes each). 3.  The rest of the table gives feedback on the other presentations (6 min total).
  • 37. •  ...create savings that make your customer happy? (e.g. in terms of time, money and effort, ...) •  ... produce outcomes your customer expects or that go beyond their expectations? (e.g. better quality level, more of something, less of something, ...) •  ... copy or outperform current solutions that delight your customer? (e.g. regarding specific features, performance, quality, ...) •  ... make your customer’s job or life easier? (e.g. flatter learning curve, usability, accessibility, more services, lower cost of ownership, ...) •  ... create positive social consequences that your customer desires? (e.g. makes them look good, produces an increase in power, status, ...) 2 3 4 5 6 GAIN  CREATORS  
  • 38. Example •  Trio: –  Distinguishes oneself as original person. –  Innovative mix of flavors. –  Quality is stable over tim) •  Carro eléctrico resort: –  Entertainment element. –  Unconcern of vehicle safety. –  Without fuel. –  Autonomy for transportation.
  • 39. GAIN CREATORS •  Activity 6 1.  Individually, fill the box (5 minutes). 2.  Choose two from the table that display and receive feedback (2 minutes each). 3.  The rest of the table gives feedback on the other presentations (6 min total).
  • 40. Red Ocean v/s Blue Ocean Undifferentiated value propositions Innovative value propositions
  • 46. COMPETITORS •  Activity 7 1.  Individually make a list with the two most important products / companies / offers competing (5 minutes)
  • 47. COMPARAISON ASPECTS •  Activity 8 1.  Individually make a list comparing aspects between the competition and the entrepreneurship, maximum 7 attributes (10 minutes) §  Earnings §  Analgesics §  Products / services / solutions or prominent features
  • 48. COMPARAISON TABLE •  Activity 9 1.  Draw up the table, assigning a score of 1-5 for each attribute to each company. A B Us Attribute 1 Attribute2 Attribute 3 Attribute 4 Attribute 5 Attribute 6 Attribute 7
  • 50. Cirque Du Soleil Value Curve