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sexta-feira, fevereiro 24, 2017

VRIO (parte II)

Parte I.

"The VRIO Model: The acid test of differentiation
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Instead of burdening you with a complex process you would never use anyway, I recommend a set of four questions as the means to begin defining and quantifying your value. This is an excellent discussion starter that also yields insightful answers to help you recognize and appreciate your own value. Pick what you think is an important feature of one of your best-selling products. Can this feature pass the following four-question test?
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• Is it Valuable to the customer? Customers should be able to tell why they want it, what pain point it addresses, or what gains it enables. The feature is clearly something that makes customers better off, and you have dear, ready answers to describe why.
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• Is it Rare? The fewer options the customer has, the rarer your feature is. You have something customers want, and few others (if any) offer the same feature.
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• Can it be Imitated? In other words, if you gave a competitor a few months, could they perform that same function just as easily as you do, and thus offset or neutralize your advantage? Ideally you would have a sustainable advantage, which means it would take considerable resources—if not a strategic decision—for one or more competitors to challenge you on it. Here we touch on switching cos., which may be technical, marketing, or relationship-based.
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• Are you Organized to exploit this differentiation? Sometimes companies have too much of a good thing. They have the potential to offer superior value, but they can't exploit it, either because they lack the processes to market and support the feature, or they lack the talent or the means to exploit its full potential. Sometimes a company is just plain had at executing. They have breakdowns in execution excellence and spend their time fixing their issues.
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If you can honestly answer "yes" to all of these questions, you are truly differentiated. But most companies will answer at least one question with "no.

quinta-feira, fevereiro 23, 2017

VRIO (parte I)

"Value does not exist in a vacuum. Your value - the value that will underpin your value-based pricing (VBP) - is always specific to a well-defined customer segment. Value is also relative to what your competitors offer to customers in the segment. By now your thinking should have moved away from generalizations (large markets, one-size-fits-all thinking) to focus on these narrower definitions, because these are the keys to your success with VBP.
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Consider the following questions about what you deliver to your customers, day-in and day-out. What makes you special? What makes you unique as a whole? What makes your products unique? Can you be easily imitated? And how well are the answers to these questions expressed explicitly in your value proposition? The answers describe your competitive advantage, and these in turn provide the raw material for your value propositions. Competitive advantage takes three forms: measurable product and service differentiation, market position, and cost/price. The sum of these is your overall competitive advantage, as figure 5.1 shows. You will never be strong in all three, although combinations are possible.

Related to my comment above, I am tired of hearing the word commodity. Except for standardized items that are traded on international exchanges, such as a barrel of oil or a bushel of wheat, there is no such thing as a commodity. The frequency with which I hear that word usually correlates well with how beat up an organization is. They have given up on value, and they fight aggressively in bare-knuckled price wars instead of making the effort to find and extract their true differentiation. Please let me repeat: If you are still in business today, you are doing something right. You are adding value, and it goes beyond the product. It is therefore your responsibility to find your true differentiation, extract it, quantify it, and communicate it. No one else is going to do that for you. Your competitors are certainly not going to do so. And your buyers are not going to volunteer it!

Continua.