Differentiating your product or service


  • Define your business, products or services, and customers by developing a mission statement. Ensure that you are differentiating your product or service.
  • Create a vision for this organization that clearly demonstrates your decision on what you want your business to become in the future.
  • Define your guiding principles or values for your selected business considering the topics of culture, social responsibility, and ethics.
  • Analyze how the vision, mission, and values guide the organization’s strategic direction.
  • Evaluate how the organization addresses customer needs and critique how they achieve competitive advantage.

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Finance Basics: Differentiating your product or service
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