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Summary Seminar in Entrepreneurship Characteristics of Value Propositions

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Describes the characteristics of value propositions needed for the Business Model Canvas. Value propositions are needed to create value for customers and are one the main reasons a customer will choose your company over another.

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10 Characteristics of Value Propositions


1. Are embedded in business models.

2. Focus on the jobs, pains, and gains that matter most to customers.

3. Focus on unsatisfied jobs, unresolved pains, and unrealized gains.

4. Target few jobs, pains, but do so extremely well.

5. Go beyond functional jobs and address emotional and social jobs.

6. Align with how customers measure success.

7. Focus on jobs, pains, and gains that a lot of people have or that some will pay

a lot of money for.

8. Differentiate from competition on jobs, pains, and gains that customers care

about.

9. Outperforms competition substantially on at least one dimension.

10. Are difficult to copy.

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Characteristics of value propositions
Uploaded on
April 5, 2023
Number of pages
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Written in
2021/2022
Type
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