Competing Against Luck

Clayton M Christensen

Physical

In Circulation

The foremost authority on innovation and growth presents a path-breaking book every company needs to transform innovation from a game of chance to one in which they develop products and services customers not only want to buy, but are willing to pay premium prices for.

How do companies know how to grow? How can they create products that they are sure customers want to buy? Can innovation be more than a game of hit and miss? Harvard Business School professor Clayton Christensen has the answer. A generation ago, Christensen revolutionized business with his groundbreaking theory of disruptive innovation. Now, he goes further, offering powerful new insights.

After years of research, Christensen has come to one critical conclusion: our long held maxim—that understanding the customer is the crux of innovation—is wrong. Customers don’t buy products or services; they "hire" them to do a job. Understanding customers does not drive innovation success, he argues. Understanding customer jobs does. The "Jobs to Be Done" approach can be seen in some of the world’s most respected companies and fast-growing startups, including Amazon, Intuit, Uber, Airbnb, and Chobani yogurt, to name just a few. But this book is not about celebrating these successes—it’s about predicting new ones.

Christensen contends that by understanding what causes customers to "hire" a product or service, any business can improve its innovation track record, creating products that customers not only want to hire, but that they’ll pay premium prices to bring into their lives. Jobs theory offers new hope for growth to companies frustrated by their hit and miss efforts.

This book carefully lays down Christensen’s provocative framework, providing a comprehensive explanation of the theory and why it is predictive, how to use it in the real world—and, most importantly, how not to squander the insights it provides.

What will you learn from this book

  1. Jobs to Be Done Theory: Emphasizes that customers "hire" products or services to get a job done in their lives. Understanding these jobs is crucial for innovation and successful product development.

  2. Identifying Customer Needs: Instead of focusing solely on customer demographics or preferences, JTBD theory suggests identifying the circumstances and motivations behind why customers "hire" a product or service.

  3. Customer-Centric Innovation: Encourages businesses to focus on solving specific problems or fulfilling unmet needs that customers encounter in their lives rather than just selling products or services.

  4. Context and Circumstances: Understanding the context and circumstances surrounding customers' needs is essential for delivering solutions that truly meet their requirements.

  5. Progress-Making Forces: Recognizes that customers "hire" products or services to make progress in their lives, whether it's achieving a goal, overcoming a challenge, or fulfilling an aspiration.

  6. Job Mapping: Using job mapping techniques to deeply understand the steps customers take in a particular situation or context, allowing businesses to design better solutions.

  7. Innovation and Disruption: Leveraging the JTBD theory for innovation helps companies disrupt existing markets or create entirely new ones by better addressing customers' unmet needs.

  8. Market Differentiation: Businesses can differentiate themselves by focusing on fulfilling specific jobs for customers in a more effective and meaningful way than competitors.

  9. Focus on Outcomes: Shifts the focus from features and functionalities to the outcomes and benefits that customers seek when "hiring" a product or service.

  10. Continuous Learning and Adaptation: Encourages continuous learning and adaptation by keeping an eye on changing customer needs and evolving circumstances to stay relevant and competitive in the market.

Language English
ISBN-10 978-0062435613
ISBN-13 9780062435613
No of pages 288
Font Size Medium
Book Publisher HarperBusiness
Published Date 04 Oct 2016

About Author

Author : Clayton M Christensen

3 Books

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