Strategic Value Drivers Mapping for Business Growth
Develop a strategic map for your business unit or product to identify key value drivers and industry benchmarks. Evaluate opportunities to eliminate, reduce, increase, or create value drivers to meet customer needs.
Strategic Value Drivers Mapping for Business Growth
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Presentation Transcript
Strategy Map Exercise February 6, 2009
Build a strategy map • For your business unit or a specific product, build a strategy map that defines the key value drivers (usually five to seven drivers) and place them on the X-axis • For each value driver, indicate where you believe the average industry solution is on that axis, then join the dots to make a curve or line • For each value driver, consider if that offering is undermet or overmet for the average customer or a specific customer segment.
Map High Low Value Driver 2 Value Driver 1 Value Driver 3 Value Driver 4 Value Driver 5 Value Driver 6
Eliminate/Reduce/Increase/Create • What opportunities exist if you • Eliminate a value driver • Significantly reduce a value driver • Increase a value driver • Create a value driver • Are any of these value drivers unsatisfactory to the customer base? • Are there unmet needs?
Worksheet • What can you: • Eliminate: • Reduce: • Increase: • Create: