Features describe what you made. Benefits explain what your customer gains. The companies that consistently outgrow peers do one thing relentlessly: they translate what they build into outcomes people want, then prove those outcomes in ways customers believe. A value proposition is not the spec—it's the story of a better state, delivered with as little cost, effort, time, and anxiety as possible. Or, as a classic guide puts it, the offer is more than the product; it is a value proposition that satisfies customer needs, with product, price, place, and promotion working in concert to make that proposition feel true in-market .