Network Sustainability Workshop Creating a Value Proposition Network Business Planning Worksheets 600 East Superior Street, Suite 404 │ Duluth, Minnesota 55802 218-727-9390 │ www.ruralcenter.org/rhi/network-ta Based on Business Model Generation: Business Model Canvas and Value Proposition Designer and designed by RURAL HEALTH INNOVATIONS, a subsidiary of the National Rural Health Resource Center Creating a Value Proposition Worksheet: Based on Business Model Generation: Business Model Canvas and Value Proposition Designer and designed by RURAL HEALTH INNOVATIONS, a subsidiary of the National Rural Health Resource Center, 3/2015 Page 2 of 7 Creating a Value Proposition Worksheet: Step 1: Needs Assessment Member Organizations: (list) Mission: Vision: Strategic Objectives: (list) 1. Member Needs Assessment What work/jobs are your members trying to get done or problems they are trying to solve? (brainstorm) Work/jobs to be done and problems to solve: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. Based on Business Model Generation: Business Model Canvas and Value Proposition Designer and designed by RURAL HEALTH INNOVATIONS, a subsidiary of the National Rural Health Resource Center, 3/2015 Page 3 of 7 Creating a Value Proposition Worksheet: From the compiled list of work/jobs and problems, brainstorm another list that associates Pains and Gains to the overall list of work/jobs and problems. Then rank the Pains and Gains according to their intensity or relevance. 1a. Member Pains: Describe the negative emotions, undesired costs, and situations that your members experience before, during or after getting the work/job done. What are your members’ main challenges? What risks do your members’ fear? What common mistakes do your members make? Rank each pain according to the intensity it represents for your members and how often occurs. (3=high, 1=low) Rank List of Pains 1b. Member Gains: Describe the benefits your members expect, desire, or would be surprised by; including functional utility, social gains, positive emotions, and cost savings. it What would make your members work/job easier? How do your members measure success or failure? Rank each gain according to its relevance to your members and how often it occurs. (3=substantial, 1= insignificant) Rank List of Gains Based on Business Model Generation: Business Model Canvas and Value Proposition Designer and designed by RURAL HEALTH INNOVATIONS, a subsidiary of the National Rural Health Resource Center, 3/2015 Page 4 of 7 Creating a Value Proposition Worksheet: Step 2: Based on the brainstormed and prioritized list of Pains and Gains AND considering the organizations’ mission, vision, and strategies; brainstorm a list of possible products or services. Include the organizations’ current products, services, and member benefits along with any new ideas that are generated. This section requires you to analyze and synthesize the needs of your members into specific products and services that are aligned with your network’s mission and vision. Allow yourself to consider the needs from a fresh look at your member’s work/jobs and associated pains/gains. You may come up with some new ideas. 2. Initial Listing of Potential Business Product or Service: What is the business product or service that will reduce members’ pains and increase members’ gains (needs assessment) AND is aligned with the network’s mission, vision, and strategic objectives? RANK Name of Product/Service Rank all products and services according to their importance to your members. (3=crucial or 1=trivial) Based on Business Model Generation: Business Model Canvas and Value Proposition Designer and designed by RURAL HEALTH INNOVATIONS, a subsidiary of the National Rural Health Resource Center, 3/2015 Page 5 of 7 Creating a Value Proposition Worksheet: Next step is to consider each of the specific products/services in turn, and articulate how the product/service will ‘relieve the pains’ or create ‘gains’ for the member. This section is the hard work of developing value propositions for each of the products/services. Start with the products/services that have been ranked as crucial. Refer to all of the earlier work of brainstorming the pains and gains that your members experience or expect. Keep your member’s perspective as your frame of reference. 2a. Relieve Pains: Describe how this product or service alleviates member pains. (Intense relief or light relief). Rank each pain reliever according to the intensity it represents for your members. 2b. Create Gains: Describe how this product or service creates member gains or reduces negative emotions. (Substantial or insignificant). Rank each gain creator according to its relevance to your members. Intense relief (+) or Light relief (-) Substantial (+) or Insignificant (-) Product/Service 1 Product/Service 2 Product/Service 3 Product/Service 4 Based on Business Model Generation: Business Model Canvas and Value Proposition Designer and designed by RURAL HEALTH INNOVATIONS, a subsidiary of the National Rural Health Resource Center, 3/2015 Page 6 of 7 Creating a Value Proposition Worksheet: 2. Final Description of Business Product/Service: What is the business product/service that will meet your members’ needs assessment AND is aligned with the network’s mission, vision, and strategic objective? Product/Service How does this meet Member Needs and/or Relieve Pains/ Create Gains? Does this align with Organization Mission, Vision, Strategies? Based on Business Model Generation: Business Model Canvas and Value Proposition Designer and designed by RURAL HEALTH INNOVATIONS, a subsidiary of the National Rural Health Resource Center, 3/2015 Page 7 of 7