It is a process to creatively solve problems by focusing on understanding and analyzing the problem first. Through a business perspective, this could be seen as developing a solution with the "customer" in mind. Through a science lens, this could be seen as analyzing all the facts and observations first, then crafting a solution.
Modified Design Thinking Process:
Fully understand the problem, emphasize with the person experiencing the problem
Explore many solutions
Iterative process of trying and testing solution
Get to a final solution and launch, refine as you go!
Ultimately, every venture is seeking to provide value by offering a solution to a problem or meeting a need.
How you talk about that value is called your Unique Value Proposition.
Read Unique Value Proposition by Peep Laja and review the examples carefully.
You will craft a statement to help you not only identify your business's value, but it will eventually help you with marketing. We will use the following as best we can during our projects:
First, describe the problem or the need a customer experiences - explain simply
Second, describe your solution - explain simply
Third, what is the benefit to the customer?
Example: Quoted Her
Problem: the current greeting card market lacks a variety of inspirational messages from women in history, the arts, and culture; additionally, the market lacks a card that can also serve as a gift.
Solution: A 5 x 5 magnet with beautiful images and strong inspiration quotes from historical women
Benefit: quality greeting card with gift rolled into one, convenience
Example: MoooWing Cafe
Problem: people in Andover lack an option for a clean, hip, fast casual setting that offers breakfast, lunch and dinner with entertainment options
Solution: a Western-themed, fast casual food restaurant with occasional entertainment
Benefit: quick food option
21 Value Proposition Examples that Every Marketer Can Learn From in 2021, by Ramona Sukhraj,