How many elements of value are in Bain's Elements of Value?
Crimson Consulting

Flashcard
•
Geography
•
12th Grade
•
Hard
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11 questions
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1.
FLASHCARD QUESTION
Front
Back
4
2.
FLASHCARD QUESTION
Front
Which of these is NOT a benefit of using Bain's Elements of Value?
Helps create deeper customer value,
Focuses mainly on internal efficiency to boost value,
Drives loyalty and brand differentiation,
Avoids price competition by going beyond function
Back
Focuses mainly on internal efficiency to boost value
3.
FLASHCARD QUESTION
Front
According to Bain, what is the highest level of value? Options: Social Impact, Life-Changing, Functional, Emotional
Back
Social Impact
4.
FLASHCARD QUESTION
Front
Which of these companies was associated with Life-Changing value? Tesla, Walmart, Peloton, Netflix
Back
Peloton
5.
FLASHCARD QUESTION
Front
Why do consultants use M.E.C.E?
Back
To structure thinking and problem solve.
6.
FLASHCARD QUESTION
Front
What is the first step in M.E.C.E?
Back
Define the problem
7.
FLASHCARD QUESTION
Front
Which of these is NOT a common mistake with M.E.C.E: Overlapping categories, Not finding clients needs, Gaps in coverage, Not adjusting for cultural differences?
Back
Not adjusting for cultural differences
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