Empathy Maps, Blue Oceans, and Competitor Analysis

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Questions and Answers

A Buyer persona is a visual representation of the ______ target, constructed based on research and insights from the empathy map.

visual

The Eric framework, consisting of four actions, is a tool that helps to better understand the competitive ______.

environment

When considering elements to increase in intensity, businesses should identify new elements to ______.

create

Opportunities in blue oceans arise by offering entirely innovative elements in a market that may or may not already ______.

<p>exist</p> Signup and view all the answers

The objectives in blue oceans include finding new market niches and finding new markets by creating a completely new business or creating ______.

<p>value</p> Signup and view all the answers

An elevator pitch should be concise, quick, and ______ to introduce your business model and attract investors.

<p>persuasive</p> Signup and view all the answers

In structuring an elevator pitch, start with a question that generates ______.

<p>expectation</p> Signup and view all the answers

The structure of an elevator pitch involves presenting the problem along with a ______.

<p>solution</p> Signup and view all the answers

During an elevator pitch, the presenter should discuss the ______ of their product or service.

<p>benefits</p> Signup and view all the answers

Storytelling is a tool used to present projects, intended to catch the attention of the audience by appealing to their ______.

<p>feelings</p> Signup and view all the answers

Flashcards

What is a Empathy Map?

A visual tool companies use to better understand clients and develop more effective marketing strategies.

What is the Eric Framework?

The framework consisting of four key actions used to improve a company's competitive position and better understand its environment.

What are Blue Oceans?

Creating something totally new or different in an existing or new market.

What is a Elevator Pitch?

A brief, persuasive speech used to introduce the business model.

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What is Storytelling?

A method of capturing the audience's attention by appealing to their emotions.

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Study Notes

  • Map of empathy is a visual tool that companies use to get to know customers better
  • Used and directed efficiently to potential clients
  • Buyer persona is a visual representation of the target
  • Done through investigations, data, and the empathy map

Analysis of Competence and Market Niches

  • Eric Matrix (scheme of 4 actions): a tool that helps to understand the competitive environment better
  • Helps to understand strengths and weaknesses
Aspects to consider
  • Eliminate to reduce costs
  • Reduce in intensity
  • Increase in intensity
  • Which new elements to create

Blue Oceans

  • Blue Oceans involve offering totally innovative elements in a market, existing or not
  • Creates own market
  • Objectives include finding new market niches or finding new markets
How?
  • Completely new business creation
  • Creating color (disruptive innovation) in very competitive red oceans

Original tools to present a project or idea

  • Elevator pitch is a concise presentation that seeks to introduce a business model
  • Aims to get investors to stick to get to explain it better
Structure:
  • Start with a question that creates expectations
  • Presentation of the problem together with a solution
  • Talk about the benefits
  • Explain why it has to be done now
  • Make a call to action

Storytelling

  • Storytelling is a tool for presenting projects capturing the audience's attention
  • A way to appeal to their emotions and feelings in an exciting and attractive way

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