Value wedge = the unique benefits or attributes that differentiate your offering from competitors and gives buyers a reason to choose you over them. Value parity = if a buyer cannot see any difference between your offering and competitors other than price, they will always choose the lowest price. You must identify and communicate your unique value wedge to avoid being seen as a commodity where price is the main factor in a buyer's decision.
Value wedge = the unique benefits or attributes that differentiate your offering from competitors and gives buyers a reason to choose you over them. Value parity = if a buyer cannot see any difference between your offering and competitors other than price, they will always choose the lowest price. You must identify and communicate your unique value wedge to avoid being seen as a commodity where price is the main factor in a buyer's decision.
Value wedge = the unique benefits or attributes that differentiate your offering from competitors and gives buyers a reason to choose you over them. Value parity = if a buyer cannot see any difference between your offering and competitors other than price, they will always choose the lowest price. You must identify and communicate your unique value wedge to avoid being seen as a commodity where price is the main factor in a buyer's decision.