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๐๐ก๐ซ๐๐ ๐๐๐ฅ๐ฎ๐ ๐๐ซ๐จ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ
Post date :
May 26, 2024
The scoop: in strategy, there is not 1 Value Proposition, but 3.
Let's delve into these ๐ญ๐ก๐ซ๐๐ ๐๐ซ๐ข๐ญ๐ข๐๐๐ฅ ๐ฌ๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ ๐จ๐ฎ๐ญ๐๐จ๐ฆ๐๐ฌ every organisation should master:
1๏ธโฃ ๐๐๐ฅ๐ฎ๐ ๐ฉ๐ซ๐จ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐ญ๐จ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐๐ซ๐ฌ: Addressing customer needs and standing out from the competition are paramount. Your value proposition should crystallise how your organisation, product, or service directly meets those needs and what sets you apart from the rest.
2๏ธโฃ ๐๐๐ฅ๐ฎ๐ ๐๐ซ๐จ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐ญ๐จ ๐๐ก๐๐ซ๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ: Investors and shareholders seek more than just promises; they crave confidence in future financial outcomes. Outline the expected returns and financial benefits of your strategy, reassuring shareholders of sustained trust and increased financial investment in your firm.
3๏ธโฃ ๐๐๐ฅ๐ฎ๐ ๐๐ซ๐จ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐ญ๐จ ๐๐ญ๐๐ค๐๐ก๐จ๐๐๐ซ๐ฌ: Beyond profits, your impact on stakeholdersโfrom employees to communities and the environmentโis non-negotiable. Embrace the responsibility to offer more than products, mitigating negative impacts and championing societal and environmental causes. Incorporating this ethos into your strategy is not just admirable; it's becoming imperative in today's landscape.
These three value propositionsโmarket, financial, and societal outcomesโform the backbone of a robust strategy. It's not about over-committing; it's about strategic precision.
Deliberately define what you offer and what ๐ฒ๐จ๐ฎ ๐๐จ๐ง'๐ญ ๐จ๐๐๐๐ซ, aligning your actions with your values and objectives.
#TripleValueProposition #TripleStrategicOutcomes #RethinkStrategy
Author: Anael Granoux