| Preface | 5 |
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| Acknowledgements | 9 |
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| Foreword | 10 |
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| Value-ology | 12 |
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| Contents | 13 |
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| About the Authors | 15 |
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| List of Figures | 16 |
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| Part 1: Building the Foundation of Value-ology | 18 |
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| 1: What Is Value? | 19 |
| The Elephant in the Room | 19 |
| Why Is Getting a Common View on Value Difficult? | 20 |
| The Ambiguity of What Is Meant by Value | 22 |
| Value Defined | 23 |
| Different Types of Value | 24 |
| Economic Value | 25 |
| Perceived Value | 25 |
| Relational Value | 27 |
| Experiential Value | 29 |
| Social Value | 30 |
| Buyer Myopia and Value Destruction | 31 |
| The Difference Between Quality, Satisfaction and Value | 32 |
| A Word on Value, Values | 32 |
| The Dynamic Nature of Value | 34 |
| Unlocking the Value Conversation | 35 |
| Further Reading on Business to Business Value | 37 |
| References | 37 |
| 2: Value Propositions: So What Are They? | 40 |
| What Is a Value Proposition? | 42 |
| It’s About Customer Benefits | 42 |
| Customer Impact | 43 |
| It’s a Promise for the Future | 43 |
| Monetary Calculation | 44 |
| It’s Unique | 44 |
| It’s Based on Deep Customer Understanding | 44 |
| Why Are Value Propositions Important? | 46 |
| It’s Not All About the Product | 46 |
| Relevant Customer Insight | 46 |
| The Value Proposition Approach Could Be the Difference | 47 |
| Value Propositions Deliver Results | 47 |
| If There’s No Value All You’re Left With is Price | 48 |
| Our Approach: The Value Proposition System | 48 |
| Understanding Key Business Issues | 49 |
| Developing Proposition Themes | 50 |
| Industry Vertical Propositions or Segment Propositions | 52 |
| Customer Value Propositions (CVPs) | 52 |
| Example Call Centre Value Proposition | 53 |
| Individual Customer Value Propositions (CVPs) | 55 |
| Don’t Forget the Follow Up | 56 |
| Further Reading | 57 |
| 3: The Value Proposing Professional | 58 |
| You Create Value Too | 58 |
| Your Personal Value | 60 |
| Types of Professional Sales Research | 60 |
| Research into Sales Process Management Customer Decision-making | 60 |
| Research into Psychological Techniques of Selling | 61 |
| Supplier–Customer Social Interactions: What Does the Missing Middle Look Like? | 62 |
| Understanding Sales Professionals as Value-Proposing Actors | 63 |
| Impression Management | 65 |
| Becoming a Value-Proposing Professional | 66 |
| Being Able to Anticipate Customer Value | 67 |
| Being Good at Understanding the Social Dimensions of Buying Situations | 69 |
| The Four Scenes of Buyer -Seller Interaction | 71 |
| The Importance of Dialogue | 73 |
| Being Good at Understanding What Is Relevant to the Customer | 75 |
| Relevance Contextualises Customer Benefits | 75 |
| Using Relevance-Making Capability to Build Value-Ology | 78 |
| The Arts of Value-Ology | 79 |
| Conclusion | 80 |
| Further Reading | 82 |
| References | 82 |
| Part 2: Creating Your Value-ology Blueprint | 85 |
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| 4: Unearthing Customer Value | 86 |
| The Benefits of a Theme-Based Approach | 87 |
| Why Creating Themes Matters | 88 |
| How to Identify Key Proposition Themes | 89 |
| The Mixed Method Approach to Gathering Customer Intelligence | 91 |
| Industry Vertical or Segment Research | 93 |
| Customer and Individual Level Research | 94 |
| Competitor and Capability Research | 96 |
| It’s Not Just About the Product | 96 |
| Just Because You’re Unique Doesn’t Make You Useful | 97 |
| It’s About Competing for Benefits… Proposition Level | 98 |
| Think About New Ways to Deliver the Benefits | 98 |
| Beware: The Most Common Pitfall | 99 |
| The Art of Interviewing | 100 |
| Final Thoughts: Staying Ahead | 101 |
| Leverage Online Resources | 102 |
| Talk to Customers Whenever You Can | 102 |
| Ask Your Sales Team to Be Involved | 102 |
| Analyse Data from All Sources | 102 |
| Implement a Process to Conduct Win-Loss Analysis | 102 |
| Further Reading | 103 |
| 5: Aligning Products and Solutions to Themes: From Bombardment to Customer Value Conversations | 104 |
| Why Is This Important? | 104 |
| Selecting Proposition Themes | 105 |
| How Do Your Customers Create Value for Their Customers? | 107 |
| Sell Side | 107 |
| Inside | 108 |
| Buy Side | 108 |
| Aligning Themes and Products | 109 |
| From Bombardment to Value Relevance | 110 |
| Proposition Ladders | 112 |
| Gaps and Partnerships | 113 |
| Fill the Gap or Not? | 113 |
| Developing Solutions | 114 |
| Building a Solution | 115 |
| The Golden Thread | 117 |
| Further Reading | 118 |
| 6: Your Buyer’s Journey: Developing a Consistent Message | 119 |
| From Tyre Company to Fine Dining Reviewer |