Starting the Value Investment Stream
Map
So, lets start with the customers. Take a
large piece of paper. A3 is the minimum you should start with, you will always
need it bigger than this but that comes with more understanding.
And let’s remember now that understanding
is the key here. The Map will help you understand where and how to get better.
On the right hand side place the real end
user about a third of the way down the paper. Name them and draw a left hand
looking eye, to remind us that we should always be looking at this map from
their viewpoint, through the lens of the investments that they make. Just in
front of that eye list out the investments that you identified for them in a
vertical line, highest importance at the top, lowest at the bottom. If some
were negligible then cull that and just add a footnote somewhere near the
bottom of the paper in tiny writing.
When you have done that draw another eye to
the left of the Investments you have listed, and below them, for the customer
further “up” the stream and name them. So for instance that could be the
retailer after you have already done the end user for a consumer item. Now list
their investments, high to low as before.
Keep moving down and left with your “closer
customers” and their investment needs.
If you have another set of customer type
add them in back on the right hand side.
In the picture you’ll see I’ve added
commercial cleaning companies on the bottom of the map looking at washing
powder and the description above has been marked as steps 1 though 4 in red.
Next we'll list out your enterprise's suppliers... on the left hand side, in the next blog.
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