Topic Definitions #
RACI Matrix #
PESTEL Analysis #
JTBD #
PII #
SWOT #
PEST #
Strategy Synthesis #
SWOT Analysis #
From Segmentation to USP: The Logic of Building a Value Proposition #
Purpose: #
- This step shifts the focus of analysis from the external environment to the internal market and the customer.
If macro factors (PESTEL, scenarios, sensitivity analysis) have shown the environment in which the project will exist, now we define who it will exist for and why they will choose it.
Key tasks: #
- Translate SWOT hypotheses into strategic decisions.
- Formulate goals, positioning, and growth approaches.
- Build a system for measuring and managing growth.
This block creates the substantive foundation for further identification of SWOT internal forces — S/W (Strengths & Weaknesses) — by building Critical Success Factors and conducting comparative analysis with competitors.
Overall Logic (Input → Output) #
| Input from the previous article | Tool of the current step | Output to the next article |
|---|---|---|
| Environmental scenarios (S1–S3), macro trends, project sensitivity | Segmentation & Personas, JTBD, CJM, VPC → USP | Foundation for Competitive Analysis & OSINT (SWOT S/W) |
This is how we move from PESTEL/Scenario data to customers’ behavioral and emotional insights, which then become the basis for positioning and competitive strategy.
Analysis Structure (Infographic For The Introductory Block) #
1. Customer Insight Stack
- JTBD: translates customer personas into specific tasks and desired outcomes.
- CJM: shows exactly where barriers and emotions arise along the journey.
- VPC → USP: turns insights into a clear value proposition and a unique selling proposition.
- Next: we carry this value into competitive analysis to validate uniqueness and shape positioning.
1. Segmentation & Personas #
Purpose: #
- Identify customer groups that differ in behavior, values, and expectations of the product. At this stage, we transform the results of the macro-level environment analysis into concrete portraits of target users, creating the “human layer” of the research.
- JTBD: translates customer personas into specific tasks and desired outcomes.
- CJM: shows exactly where barriers and emotions arise along the journey.
- VPC → USP: turns insights into a clear value proposition and a unique selling proposition.
- Next: we carry this value into competitive analysis to validate uniqueness and shape positioning.
Transition Logic (Input → Output) #
| Input (From Macro Factors Analysis) | Tool Used | Output (For JTBD) |
|---|---|---|
| Macro trends, socio-economic and technological factors, industry development scenarios | Segmentation (Demographic, Behavioral, Psychographic) | Personas with clearly defined motivations, pain points, and digital habits |
Key Macro Factors Influencing Segmentation #
| Factor Group | Key Takeaways | Impact On Segmentation |
|---|---|---|
| Social | Growing share of Millennials and Gen Z in the workforce; strong preference for digital mobility and an ESG agenda | Formation of the Digital-First Millennials segment |
| Technological | Wider adoption of FinTech, open APIs, crypto payments, and remote identification (e-KYC) | Supports segments with higher trust in online platforms |
| Economic | Increasing role of small businesses, freelancers, and startups; need for flexible banking tools | Formation of the SME Owners & Freelancers segment |
| Cultural | Rising popularity of ethically oriented investing and preference for sustainable brands | Formation of the ESG Investors segment |
| Regulatory | Simplification of KYC and financial institution accreditation procedures; incentives for innovation | Enables focus on “legal fintech” and remote account opening |
Segmentation #
Based on these factors, three key customer segments were identified—each representing different expectations of the new bank being launched in the U.S.
| # | Segment | Key Motivation | Behavior | Primary Interaction Channels |
|---|---|---|---|---|
| 2 | ESG Investors | Ethical investing, sustainability, transparency | Long-term portfolios, avoidance of “dirty” industries | ESG investing platforms, analytics portals |
| 3 | SME Owners & Freelancers | Simplicity, speed, and minimal bureaucracy | Use online banking and financial automation | Web portals, CRM plugins, API integrations |
| 1 | Digital-First Millennials | Convenience and control through digital solutions | Fully online: mobile wallets, P2P, crypto payments | Mobile apps, social media, referral programs |
Persona Development #
For each segment, persona cards are created based on demographic, behavioral, and psychographic data. A persona card is a tool that translates numbers into human language while preserving the context of the customer’s pain points and expectations.
| Persona | Description | Key Pain Points | Values & Expectations |
|---|---|---|---|
| Emma, 29 — Digital-First Millennial | Lives in San Francisco, does everything via phone, invests small amounts in crypto and ETFs | Slow interbank transfers, hidden fees, outdated UX | Simplicity, instant transfers, transparent pricing |
| Linda, 44 — SME Owner | Runs an online store, hires freelancers, makes many payments | Bureaucracy, slow support, no CRM integration | Simple operations, APIs for automation, 24/7 support |
| Robert, 38 — ESG Investor | Financial analyst, invests in sustainable companies, reads ESG reports | Lack of trust in banks without transparency; no verification tools | Ethical focus, access to ESG ratings, transparent portfolio structure |
Persona Portfolio Dashboard #
Illustration Structure:
- Three cards with avatars of the personas.
- Under each avatar: a short quote reflecting their attitude toward the bank.
- Small icons indicate behavior: communication, finance, digitalization.
- Captions show the transition “Insight → JTBD,” for example:
- Emma: “I want my bank to feel like my phone — fast and intuitive.”
- Robert: “If I don’t see how you invest, I don’t invest with you.”
- Linda: “Banking should be an API, not a queue.”
Linkage To Subsequent Tools #
| Current Tool | Output | Input for The Next Step |
|---|---|---|
| Segmentation & Personas | Deep understanding of customers and their context | Jobs-to-Be-Done (defining functional and emotional jobs) |
2. Jobs-to-Be-Done (JTBD) #
Purpose: #
- Identify which real tasks (jobs) the customer is trying to accomplish when interacting with the product—functional, emotional, and related/social—and what results (desired outcomes) they expect to achieve.
The JTBD Canvas helps you capture not just what the user does, but why they do it and what matters to them in the end.
Jobs-to-Be-Done Canvas Template #
The template is divided into several functional blocks:
1. Job Executor #
-
Who performs the job.
- In our case: a Digital-First Millennial — a young customer who uses only digital banking services.
2. Core Functional Job-to-be-Done #
-
The main “job” the customer hires the product to do.
- Formula: verb + object + context.
- For example: “Manage personal finances quickly and without bureaucracy in a mobile bank.”
3. Consumption Jobs #
- Supporting tasks that accompany the customer’s core job. They describe the lifecycle of interaction—from choosing to using and updating the product.
An 8-step structure:
| № | Stage | Examples for a U.S. banking case |
|---|---|---|
| 1 | Define | Determine which bank matches my expectations for speed and transparency |
| 2 | Locate | Find an online bank with a simple account-opening process |
| 3 | Prepare | Prepare documents for online verification |
| 4 | Confirm | Review the terms, fees, and the bank’s reputation |
| 5 | Execute | Open an account in the app and transfer funds |
| 6 | Monitor | Track balance and notifications in real time |
| 7 | Modify | Adjust limits, notifications, and the interface |
| 8 | Conclude | Complete transactions, close the account, or transfer assets |
4. Related Jobs #
-
Tasks the customer performs in parallel with, or after, the core job.
- Example: tracking a credit score, managing a personal budget, managing investments.
5. Emotional Jobs #
-
Reflect the feelings the customer wants to experience while completing the job, and how they want to be perceived by others.
- Internal emotions: “I’m in control of my finances—not the other way around.”
- Social emotions: “I use a modern, well-designed bank—like my fintech friends do.”
6. Desired Outcomes #
-
The results the customer wants to achieve and their priority.
- Table Stakes — mandatory expectations (must-have).
- Opportunities to Add Value — expectations where you can outperform competitors.
The Canvas suggests looking at them across two dimensions:
Example of filling out the Jobs-to-Be-Done Canvas #
(persona: Digital-First Millennial, product: U.S. mobile bank)
3. Customer Journey Map (CJM) #
Purpose: #
- A Customer Journey Map (CJM) is a tool that visualizes the customer’s path from initial awareness to building loyalty. It helps identify where the customer faces difficulties, what triggers positive emotions, and how the company can improve interactions at each stage.
- A CJM brings together insights from Jobs-to-Be-Done and Personas, turning behavioral insights into a manageable customer experience strategy.
What a Customer Journey Map is #
A CJM is a visual map of the customer journey that includes:
Interaction stages (stages);
The customer’s actions, thoughts, and emotions;
Touchpoints—digital and physical;
Pain points and opportunities for improvement.
What it Shows: #
- The customer flow from Awareness to Advocacy.
- Vertical axes for “emotions” and “experience.”
- Small icons for touchpoints and pain points.
- Add labels: What client does / thinks / feels / experiences.
- At the bottom, add a note: “CJM = behavior + emotions + interactions.”
Stages of the Customer Journey #
The Customer Journey is divided into five key stages, each with its own goals, content, and channels:
| Stage | Customer Goal | Key Actions | Success Metric |
|---|---|---|---|
| Purchase | Make a decision and complete the purchase | Visits the website, talks to a consultant | Conversion rate |
| Retention | Evaluate the experience and stay | Receives notifications, uses the service | LTV, repeat actions |
| Advocacy | Share the experience | Shares a review, recommends | NPS, UGC |
| Awareness | Learn about the brand or product | Reads, listens, sees ads | Awareness level |
| Consideration | Compare options | Reads reviews, evaluates benefits | Engagement, CTR |
What it Shows: #
- The customer flow from Awareness to Advocacy.
- Vertical axes for “emotions” and “experience.”
- Small icons for touchpoints and pain points.
- Add labels: What client does / thinks / feels / experiences.
- At the bottom, add a note: “CJM = behavior + emotions + interactions.”
Touchpoints: #
- Touchpoints are the key elements of a customer journey map that help you visualize how people interact with your brand across different stages of their experience. The exact number of touchpoints can vary significantly depending on the product, industry, and customer behavior, which is why identifying them is always a highly individual process.
To define touchpoints effectively, it is important to carefully analyze a typical customer journey and document each step along the way. Once identified, all interaction points should be arranged sequentially to provide a clear and complete picture of the overall customer experience.
Digital Touchpoints: #
- Digital touchpoints form the foundation of a modern Customer Journey Map (CJM). They enable seamless, instant, and personalized interactions that meet the expectations of today’s customers. Digital channels play a particularly important role during the awareness, consideration, and retention stages, where customers expect fast access to information and convenient ways to engage with the brand.
Add relevant modern touchpoints: #
-
Social & Media: #
TikTok Ads, YouTube Shorts, Influencer Reels, Reddit threads.
-
Owned Channels: #
Website, App Store page, Mobile app, AI chat assistant, Push notifications.
-
Engagement & Retention: #
Email automation, Loyalty programs, Referral bots, Gamified dashboards.
-
Emerging Channels: #
Web3 wallet integration, AI-powered credit assistant, Telegram/Discord finance communities.
Add relevant modern touchpoints: #
- Awareness → short-form videos, paid media
- Consideration → social proof, user reviews
- Purchase → onboarding flow, identity verification
- Retention → app dashboard, chatbot support
- Advocacy → user-generated content (UGC), referral tokens
Physical Touchpoints: #
- Despite increasing digitalization, physical touchpoints remain critical for building trust.
In the banking sector, tangible interactions are especially important, as they create a sense of reliability and personal connection.
Modern physical touchpoints include: #
-
Events & PR: #
financial seminars, PR conferences, collaborations with lifestyle venues.
-
Experience Zones: #
pop-up spaces in shopping malls, VR demos, co-working banking points.
-
Customer Service: #
agent locations, call centers, face-to-face consultations.
-
Community: #
partner events, charity initiatives, sports sponsorships.
Synchronization with digital channels is achieved through QR activations, eKYC verification, and CRM integration.
Example of a Completed Customer Journey Map #
Case: Opening a bank account in the U.S.
A blended customer journey that combines digital-first channels with a physical presence.
Persona: Emma, 29 — a digital-first millennial
Online Shopping Customer Journey Map
CJM Blank Template #
As we have just mentioned, this is a widely recognized type of customer journey mapping.
When creating a customer journey map, you track the key stages of the customer journey (awareness, consideration, purchase, and so on), as described above, along with the customer touchpoints associated with each stage.
A blank template for independently completing the Customer Journey Map (CJM) for each segment:
Thinking / Feeling
Action
Research
Brand Guidance
Customizable Template #
The default starting point is intentionally simple. It includes only three stages and a small set of questions designed to help understand customer interactions.
However, you can easily add more stages, questions, and additional information to fully customize the buyer’s journey based on the specific needs and characteristics of your business.
Demonstrate the ability to add additional stages:
- Onboarding Experience
- Abandonment Recovery
- Upgrade Decision
Future State CJM #
A separate template is used for the Future State, which includes:
- the customer’s emotions and motivation;
- the desired improvements in the interface and experience;
- KPIs for measuring the effectiveness of these changes.
In most cases, the buyer’s journey represents the current-state journey that customers go through today.
Although there are likely some areas you are satisfied with, the current customer experience is rarely perfect or fully aligned with customer expectations.
For example, customers may encounter obstacles while trying to achieve their goals. In other cases, there may be a higher-than-acceptable churn rate at specific stages, such as when using core product features or transitioning from a free version to a paid plan.
