Lean Marketing Plan Project Value Proposition Worksheet 1. Customer analysis: A. Describe current alternatives (3 or more) to your product or service that customers use (direct or indirect competitors). What are some issues customers have with current alternatives? Show evidence via research (reviews, blogs, informal interviews, etc.) B. What does your product or serviced does that the current alternatives do not do? C. Revisit chapter 5 of your text and look at the section Selecting Target Segments. Using the criteria presented in the text, explain why you are selecting your target segment and use research to support it. 2. Industry analysis: A. Find your industry on www.naics.com. Provide a brief overview of your industry. B. Include three or more industry facts related to your idea (with citations). 3. Competitive analysis: Design a competitive analysis chart of your choice (there are some examples here: https://www.edrawsoft.com/competition-analysis-charts.html and here https://www.aha.io/roadmapping/guide/templates/competitor-analysis). 4. The 5 or 8Ps: 5. Your unique value proposition: For _______________ (target customers) who are dissatisfied with ______________ (current alternative) our product is ____________________ (new product) that provides _________________ (key problemsolving capability) unlike ___________________ (product alternatives) REFERENCES