The Bible and Creating Value

Apply at least one aspect of the VBM to the following discussion prompt:

The Bible and Creating Value

Job 12:17 "But ask the animals, and they will teach you, or the birds in the sky, and they will tell you."

Proverbs 20:21 "An inheritance gained hurriedly at the beginning will not be blessed in the end."

Jesus was the Master at understanding the wants and needs of those around him. He was also skilled at and unafraid to ask questions, although he had an advantage in that He already knew the answer. We do not have that power or privilege, so we need to ask because we need to know. Everyone needed Jesus but not everyone wanted Jesus. He spoke about that in his ministry, saying "If any household or town refuses to welcome you or listen to your message, shake its dust from your feet as you leave" (Matthew 10:14). Jesus was pained by those who rebuked him but He knew it was inevitable that not everyone would be saved. He still cared for them, but he invested His time where He could make a difference.

Likewise, we must understand the pains and joys of our customers, not at the core level of our being that Jesus reached, but we still need to know our customers- where they came from, where they are, and where they want to go. If someone is not interested in our offering, we should move on to a more willing prospect. To find out what they need and if they are interested, we need to ask. The more we understand who is willing, and why, and at what price, the better we can focus our offering and fill a need or want. We should not assume that we can create a marketing plan without solid research and understanding of our target market. Proverbs is a wonderful book filled with wisdom about business, we only need to be open to how those lines of truth apply today as they did thousands of years ago.

Does the Bible talk about business and about marketing? Absolutely! Marketing is about knowing people and understanding their wants and needs, and then building a relationship with those who want or need your offering now or in the future.

Question Prompts:

How do these verses connect with the concept of marketing creating value?
Is that value for the seller or buyer or both and why?
How does one's background and/or personal experience affect the ability to understand the wants and needs throughout the population?

Full Answer Section

        VBM and Background/Experience: The passage acknowledges the challenge of understanding diverse customer needs:
  • We don't have Jesus' inherent understanding, so we need to actively ask questions and conduct research.
  • Our background and experiences can limit our perspective on customer needs.
VBM in Action: Here's how VBM can bridge the gap:
  • Market Research: VBM emphasizes gathering data and understanding customer demographics, behaviors, and preferences. This helps overcome limitations in personal experience.
  • Empathy Development: VBM encourages actively listening to customers and putting yourself in their shoes to understand their needs better. This can be practiced regardless of background.
Conclusion: The Bible, through these verses, provides valuable insights that align with VBM. By focusing on understanding customer needs and creating value, businesses can achieve sustainable success. VBM emphasizes research and empathy to overcome limitations in personal experience and ensure a customer-centric approach.  

Sample Answer

     

Applying Value-Based Mentality (VBM) to the Bible and Creating Value

The passage highlights the importance of understanding customer needs and wants, which aligns perfectly with the Value-Based Mentality (VBM) principle of focusing on value creation for the customer. Here's a breakdown using VBM:

Customer Focus:

  • Job 12:17: "Ask the animals... or the birds..." emphasizes understanding the "wants and needs" of others, even those seemingly different from us.
  • Proverbs 20:21: "An inheritance gained hurriedly..." discourages focusing solely on immediate gain and suggests understanding the customer's long-term needs.
  • Jesus' Ministry: Jesus' success stemmed from his deep understanding of the "pains and joys" of the people he served. He prioritized those receptive to his message, similar to focusing on customers with a genuine need for your offering.

Value Creation:

  • The passage emphasizes that marketing isn't about selling but about creating value for the customer. True value creation leads to a "win-win" situation for both seller and buyer.