Tight economy calls for stronger value propositions.
With the current US economy
resulting in tighter and tighter budgets, there is an increasing need for
businesses to focus on their value propositions. One of the many benefits of having a business or brand value
proposition is that it helps ensure your employees are all working towards very
specific goals. The more precise
your value proposition, the easier it is for employees to distinguish between
what is worth pursuing and what is better left alone. It helps them properly spend the budgets they have on
initiatives that will support the value proposition and drive business
results. It serves as a constant
reminder to ensure what they do ultimately supports the business or brand value
proposition. It is always good to
have a strong business or brand value proposition in place. But with a tighter economy driving down
budgets, every initiative needs to be effective and on-point, which is just one
of the many benefits of having a strong, clearly articulated value
proposition. Are you or your
company using value propositions to help in this economy, and if so, how?