Value & Proposition

The concept of “Value Proposition” has 2 parts: Value & Proposition.

Value is a concept with an abstract nature. All human values are essentially symbolic objects: loyalty, quality, accuracy, faith, love, family, you name it.

Proposition, on the contrary, must be specific, so specific that we might be able to sense it. It must exist as an object.
The link between value and offer is quality attributes: qualities offer that makes it worthwhile.

Thus we have a chain:
object → attribute → value

Those create a Value Proposition (for our clients to whom we’re offering a product/service).

But how often do we create our proposal, forgetting about some chain components?

  • Expert writers (forgot the proposition & attributes)
  • Convenient personal account (forgot the attribute)
  • Support (forgot the value & the attribute)
  • Support 24/7 (forgot the value)

All these understatements lead to poor customer experience. Clients don’t understand what is offered. They don’t know why they need to buy that. Moreover, they suspect a scam.

7 Common Traits of Product Teams

It was noticed that successful product teams have common features.

They all:

  • Experiment. They do not wait for every detail to come, brainstorms & countless meetings. They take actions.
  • Move step by step. They evaluate results weekly & plan the next sprint
  • Possess different competencies. They are knowledgeable about analytics & user experience; can develop a landing page & a script. Cross-functionality it is. 🙂
  • Know their North Star Metric. So, they move at high speed.
  • Get direction from user data. Both quantitative (e.g., NPS) & qualitative (e.g., interviews).
  • Accelerate & brake quickly. Assemble the experiment design in a day; sum up – in an hour.
  • Understand when the customer first time gets the product value (Aha!-moment) & their journey.

Let’s look at your team. What is missing?