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Home Solutions (2)
Home Solutions provides multiple home services under one platform to address problems with traditional single-service providers. It offers standardized pricing, quality work, and security assurances. This "blue ocean" strategy eliminates stress for customers by reducing service lead times and issues. It creates value through one-window solutions and standardized packages while raising trust and accessibility. The strategy merges different domains to increase demand and loyalty, differentiating through its core idea of fulfilling multiple customer needs with higher satisfaction at low cost.
Home Solutions (2)
- 1. Home Solutions BY: ZAIN SHAHID17266 ZUBAIR AHMED 22227 AWAIS KHATRI MUDASSIR SOHAIL 17262 ABDULLAH HANIF 17776
- 2. Idea Behind HomeSolutions + = + + +
- 3. How Home Solutionsdealt with Red Ocean Problems Blue Ocean • Multiple Services Offering • Standardized Service Charges • Maintaining Work quality • Security assurance • High Quality Parts installation Only Blue Ocean • Single Service Offering • Time Hurdle • Un-Standardized Service Charges • Variation in Quality of Work • Security Issues • Low quality parts installation Red Ocean
- 4. Four Action Frameworkfor Blue Ocean of Home Solutions Eliminate Inappropriate Tools Non-availability of Parts Raise Trustworthiness Accessibility Quality of Work Reduce Stress Service Lead Time Hazzlement Create Standardized Pricing One window solutions Product Offering (packages) Dress Code
- 5. 6 Key Principlesof Blue Ocean of Home Solution ➢Different domains merged under single domain ➢Creating loyalty and increasing business volume in terms of revenue ➢Increasing demand through multiple offerings ➢High customer satisfaction through core idea ➢The value itself creates differentiation and low cost ➢Managing supply and demand hurdle.
- 6. Blue Ocean StrategyTriangle of Home Solution Value Proposition Profit Proposition People Proposition
- 7. Value Proposition ❖Multiple offeringsunder one platform ❖Higher customer satisfaction through offering and fulfilling multiple customer needs ❖Targeting people, who have time and quality constraints
- 8. Profit Proposition ❖ HomeSolutions would be expecting profits in the long period because cost would be higher at the initial stage ❖ Profit would not be calculated on the basis of customers but on the basis of overall volume of business ❖ Home Solutions would not take undue advantage by mean of charging higher offering prices
- 9. People Proposition ❖ Embeddingthe true perception in the minds of internal customers about Home Solutions ❖ Clear mindset of internal customers would initiate, communicate and deliver the value proposition to external customers ❖ Rewards to the internal customers would be provided purely on the basis of merit and discount offers should be given to the valuable customers on the basis of total profits
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