Sustainable value propositions demand the integration of PX

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Treating the planet with the respect we have come to understand must be accorded to our customers is not only a 'nice to have' - a box to tick in the latest ESG commitment or vision statement - it is a business imperative in the customer relationships of the next 20 years.

Just as great Customer Experience treats the customer as your partner in a relationship of mutual benefit, so Planet Experience elevates the relationship you have with the planet as one of mutual benefit. The purpose of great customer experience is to reduce the cost of customer acquisition (through recommendation, retention, brand extension cross-sale, upsale etc). It ultimately generates a relationship of trust which is the key ingredient in increased Lifetime Value (LTV).

Planet Experience offers a way for us to integrate the increasing concern your customer has for their planet. The planet can't trust you. Your customer can. But unless you integrate PX, they will see you as the enemy - the exploiter of the thing on which their life -and that of their children - depends.

That is a very powerful motivator. And one you should be integrating into your relationship with them right now.

I have shared frameworks to approach this in previous posts. Today I share a simple way to get started on this with Customer Value Propositions (see diagram). We must ensure PX is one of the key constituents.

Customers know the high price of low cost. It's up to you to demonstrate that when they trade with you there is not just reduced damage to the environment vs alternatives. You need to construct value propositions which call out the benefit they deliver for PX as much as they benefit they deliver for the customer.

Good luck - you've got the whole world in your hands.