Competing Against Luck
The Story of Innovation and Customer Choice
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New to Audible Prime Member exclusive: 2 credits with free trial
Buy Now for ₹1,607.00
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Narrated by:
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John Pruden
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Written by:
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Clayton M. Christensen
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Taddy Hall
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Karen Dillon
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David S. Duncan
About this listen
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.
Alignment of customer's needs with the seller
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good read !!
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Job Theory proposed by him is culmination of at least 2 decades of his relentless work on disruptive innovation. The seeds of Job Theory were quite evident in Innovator's Dilemma through his insights on why the milkshakes were hired. He had to put in the two decades to propose Job Theory framework and its success with many organisations who sought consultancy at his firm InnoSight. Job Theory helps focus on the customers' needs rather than correlation of available data hence the success of disruptive innovations doesn't depend on luck.
Job Theory takes the firms to the next level of abstraction and finds parallels in Ted Levitt's Marketing Myopia, which companies still continue to suffer. In my opinion, present business management practices suffer from too many inadequacies to gain from Job Theory because the execution based on Job Theory is going to be extremely challenging. But the startups are going to gain tremendously by winning the competition against luck!
A Breakthrough Concept. Disruptive!
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A must read for marketers and managers everywhere!
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Changed my perspective
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