The Value Proposition Design (VPD) is a framework that enables businesses to develop and solidify their foundational ideas for how they will create, communicate, deliver and then extract marketplace value for a differentiated product or service intended to solve a specific problem aligned with a specific customer need while delivering tangible benefits, for an intended potential customer segment in a domain space or industry sector. It lives inside something called the Business Model Canvas, another important foundational business framework.
The VPD is absolute "ground zero" thinking for:
Entrepreneurs with ideas for a product or service business
Early stage companies
The VPD is critical formative thinking for:
New business ventures
Growth businesses
The VPD is valuable for:
Businesses considering a “pivot” in some aspect of their business
Mature businesses looking to expand or grow their offerings or markets
The VPD will:
help clients understand how they can create enduring personal value with your products
lower your cost of customer acquisition and retention
avoid wasting your scarce resources of time and money
Upon completion of this NO-COST webinar you should be able to:
Become familiar with the definition of a Value Proposition Design and why it is considered such a “bedrock principle” for any business venture
Understand 3 specific benefits VPD brings to your business
See how it is one of the very first actions you should take to begin forming your ideas around a product or service you believe to be a viable business
Understand the relevance of the Value Proposition Design (VPD) to your business
Become familiar with the 8 steps to building / refining a VPD for your business
See a list of 10 characteristics of a great Value Proposition Design
Become familiar with the ways in which the VPD can impact and inform your communication tactics and strategy
Follow a “use case” to help illustrate how the VPD can inform your marketing strategy
Answer your specific questions about VPD along during the webinar
Speaker: George Siragusa, Senior Business Counselor
Fee: No Cost
Fine Print:
Our workshops, events, and programs are designed with a small business owner in mind. Actionable, sharing of ideas, and takeaways to keep things straight.
Pre-registration is required to receive the instructions to attend the workshop.
The SBDC reserves the right to cancel a workshop/event/program for insufficient enrollment, weather emergencies, and other unforeseen circumstances. Should a cancellation occur we will use the email you provided to contact you. Pre-registration is highly recommended. If an event is canceled or postponed and you have not pre-registered we will not be able to contact you.
All programs of the Virginia SBDC are open to the public on a non-discriminatory basis. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.