What We’re Learning: What’s our Value Proposition?

As we work through our Design for Scale lab, we’re tackling five key design questions – starting with question #1: What’s the value proposition of our innovation?

Very simply, the value proposition of your innovation is the benefit your solution provides combined with why it’s better than anything else that exists! The tricky part about value proposition is that it’s not defined by us. It’s defined by our user.

value propositionOf course, we always start implementation thinking that we know what the value proposition is for our end user. However, a key step in identifying our value proposition is being prepared to be wrong or not understand the full story.  We need to be prepared to learn from our users and pay careful attention to unexpected results. At the beginning stages of an innovation it is critical to use qualitative methods that can capture unexpected value that the innovation has.

A second way we can learn about our value proposition is to look for viral replication and sharing. To see people who are replicating or copying our work without prompting or incentive tells us we’ve found an area with a strong value proposition.

Once we’ve identified a value proposition, we need to be able to articulate it!

We’re loving the simple formats from these excellent blog posts: Proven Templates for Creating Value Propositions that Work and Three More Proven Value Proposition Templates that Work

 

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