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Select an existing product or service of your choice. For your product or service, describe your product or service based on each of the following
Select an existing product or service of your choice. For your product or service, describe your product or service based on each of the following value propositions (NOTE: you will have a different answer for each of the value propositions).
- my product/service meets existing customer needs but my competitors' do not (i.e. list needs your product/service meets which are not met by any competitors)
- my product/service does not meet all my customers' needs (list customer needs that are not met by your product/service)
- customers express little need or desire for my product/services' benefits (describe how you would either change your product to eliminate unwanted benefits and thus save money or how you would educate customers on how/why your product/services' benefits would be valuable to them)
- customers' needs are met by both your product/service as well as your competitors' products/services (describe how you would change your product/service to differentiate it from your competitors thus making your product/service the better choice)
- my product/service does not provide the benefits customers desire but my competitors' products/services do (describe how you would change your product/service so that it does meet the desires of customers and hopefully more directly than the competitors' products/services do)
- my competitor just improved their product/service to meet additional customer needs (describe how you would change/improve your product/service to either also meet that need or meet a different need customers have)
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