“If we intend to transition into a sustainable, value-based industry, we will need to reorient our thinking, redefine our problems, and redirect our strategies, tactic, and resources. If we intend to create consumer-centric organizations, products, and services, we will need to rebrand from within an empathetic, demand-side perspective with focused and explicit value propositions; redesign for an extremely engaging and relevant experience as well as for results that really matter to consumers; and reorganize for synergies that emancipate the tremendous value potential currently locked up in our constraining constructs.”
Key Elements:
1. Reframe care using a marketing mindset:
--Identify consumers
--Focus on certain consumer segments – it is impossible to be all things for all people, all the time; and if you try to do that you’ll likely end up being nothing special for anyone most of the time. Because it is impractical to offer individualized services for every single person, the population should be segmented into groups based on needs.
--Understand the specific needs within the segment
--Create customized, relevant solutions that meet their needs
--Engage them in their own care
2. Rebrand around the new value proposition for each segment
--Focus on the why – what is the fundamental value proposition and what core customer need is being addressed? (i.e., what need are you solving for? What outcome are you expecting to offer your customers?). This value proposition should speak to deep psychological/primal needs, express empathy, focus on how it makes people feel, tell a story, establish a relationship, conveyed with authenticity.
3. Redesign care to deliver the new value proposition
--Design care to meet the needs of specific segments, aiming for outcomes that matter to the customers with measurable results in mind
Other ideas:
-You must fall in love with the problem. You don’t want to fall in love with the solution.
-New entrants have an advantage because they don’t have to deconstruct a legacy of combined mash-up brands that have sub-optimized their value proposition
-Digital technology requires an even greater adherence to the customer-oriented principles of the marketing mindset….because it is still a relatively new engagement channel, it requires a “10x experience” – to not just be as good as analogue but to be far better to attract, engage, and compete for customers in a sustained way, especially because there is liited-to-no human factor to fill the gaps.