"Customer value", aka "the value proposition", is complicated.
Books fill the shelves on those topics.
- What do 'early adopters' value?
- How does age come into play?
- Is economic willingness different from economic capability in the value equation?
- How do culture and relationships figure in the proposition?
One might ask: is there a way to map all this stuff so that a picture emerges? If there is, I've not seen it. But, taking those questions one at a time, Kano Analysis may help see the bigger picture.
Kano analysis is a product feature/function evaluation tool that gives visualization to relative merit over time as trends change. The usual presentation is a four-sector grid with trend lines that connect the sectors.
- Vertical: customer attitude, feeling of satisfaction, or other elements of value appeal.'
- Horizontal: some quality (or metric) of the feature/function that's important to the customer.
The trends need not be linear, and need not be monotonic, changing direction as customer/user attitudes change.
Developers use the Kano board with sticky notes to show how feature/function in the form of stories or narratives might play out over time.
And, we take the trouble to do this because:
- There's only so much investment dollars available; the dollars need to be applied to the best value of the project.
Presumably that's the "ah-hah!" feature, but the "more is better" is there to keep up with competition; and, some stuff just has to be there because it's commonly expected or need by regulation. - Trends may influence sequencing of iterations and deliveries. Too late, and decay has set in and the market's been missed.
- The horizontal axis may be transparent to the customer/user, but may not be transparent to regulators, support systems, and others concerned with the "ilities". Thus, not only don't forget about it, but actually set aside resources for these 'indifferent' features and functions.
Buy them at any online book retailer!
