Podcasts Business Onward Nation What is a Value Ladder, with Jonathon Hensley

What is a Value Ladder, with Jonathon Hensley

Published: April 7, 2021, 8 a.m.

What is a value ladder?\xa0Learn the guiding business strategies for maximizing customer value. Let\u2019s find out what is a value ladder.

What is a value ladder? Join us in today\u2019s podcast episode with our special guest, Jonathon Hensley, as he talks about the value ladder and why you need to understand it for your business\u2019s sake.

Jonathon Hensley is co-founder and CEO of Emerge, a digital product consulting firm that works with companies to improve operational agility and customer experience. For more than two decades, Jonathon has helped startups, Fortune 100 brands, technology leaders, large regional health networks, non-profit organizations, and more, transform their businesses by turning strategy, user needs, and new technologies into valuable digital products and services. Jonathon writes and speaks about his experiences and insights from his career, and regularly hosts in-depth interviews with business leaders and industry insiders. He lives in the Pacific Northwest with his wife and two boys.

Originally from Silicon Valley, Jonathon got into the digital product space inspired by the incredible people developing new technologies all around him and the possibilities they unlocked. This fueled his curiosity to understand how technology transforms the ways in which people live and work.

That curiosity continues to drive him today, as he works to help businesses harness technology. His work focuses on helping leaders define the value they want to create in a succinct and tangible way; where to focus, why, and what it will take to achieve that outcome. His favorite part is going beyond the idea and mapping how you bring together people, data, and processes so that clients can succeed.

What you\u2019ll learn in this episode is about\xa0what is a value ladder:\xa0
  • How growing up in Silicon Valley and with a psychologist mother fueled Jonathon\u2019s fascination for the intersection between human behavior and technology
  • Jonathon defines\xa0what is a value ladder\xa0and why success hinges upon understanding the value exchange within your business and the problems you can solve for your customers
  • Why your value exchange needs to be perpetual, and how companies like Netflix have used their understanding of the value exchange to innovate new customer experiences
  • What five key steps you can take to better understand, define and measure your value exchange, and how you can use that information to supercharge your business strategy
  • Why Jonathon believes that everything you do and every product you offer should be in service to your customers
  • Why it is critically important to fall in love with the problem, not the solution you\u2019re creating
  • How to use a simple design tool called an \u201cempathy mapping\u201d exercise to generate a holistic picture of your customer\u2019s environment and needs
  • How a staggering 70-95% of all new products and 75-84% of all digital transformation initiatives fail, and why lack of market fit is the number one reason why
  • Why understanding your customer and value exchange is the key to avoiding the dangerous lack of market fit
  • Why understanding the scope of your customer\u2019s problems is crucial for accurately pricing your solutions to those problems
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