034: What do B2B customers actually value? | Bain & Company, Partner, Eric Almquist
Description
Eric Almquist is a partner at Bain & Company and is the author of The Elements of Value framework. In this episode, Eric shares insights from Bain’s Elements of Value research and provides useful tips on how you can identify what your B2B customers actually want.
Resources mentioned:
Maslow’s Hierarchy of Needs (article)
The Elements of Value (website), Bain & Company
The B2B Elements of Value Pyramid (image)
The B2B Elements of Value (Harvard Business Review, 2018), Eric Almquist, Jamie Cleghorn & Lori Sherer
The B2C Elements of Value Pyramid (image)
The B2C Elements of Value (Harvard Business Review, 2016), by Eric Almquist, John Senior & Nicolas Bloch
Key takeaways (starts at 34:15):
The Elements of Value is ‘Maslow’s Hierarchy of Needs’ brought to life.
Customer experience is the customer’s experience of the value you create.
You can do a self-assessment to get started with implementing the ‘Elements of Value’ framework.
You get extra points if you hit on emotional aspects of the pyramid.
Byron Cannon is the CEO of LDK Seniors' Living, a business created with the aim of disrupting the aged-care industry by providing high-quality care in vibrant communities. As the Chief Executive Officer, he is responsible for the day-to-day management of the business, making decisions on all...
Published 12/21/20
Jeff Sells is the Executive General Manager of Retail Pharmacy for Sigma Healthcare, a leading network of independent and franchised pharmacies and healthcare providers across Australia. In this episode, Jeff unpacks how Sigma Healthcare manages their brands across two main value propositions:...
Published 12/07/20