Competing Against Luck

The foremost authority on innovation and growth presents a path-breaking book every company needs for sustainable business growth, transforming 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 predictable 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 about customer behavior: 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 product development and 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, a revolutionary approach to business strategy that provides 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. This book provides a clear, actionable framework for leaders, managers, and entrepreneurs ready to compete against luck.- Jobs to Be Done Theory: Learn the groundbreaking framework that shifts the focus from customer demographics to the core "job" they hire a product or service to do-the true driver of their purchasing decisions.- Innovation Success: Move beyond correlation and guesswork by understanding the causal mechanism behind why customers make the choices they do, turning innovation into a reliable engine for growth.- A New Marketing Strategy: See why companies like Amazon, Intuit, and Uber thrive by focusing not on what customers say they want, but on the progress they are trying to make.- Actionable Framework: Discover a comprehensive and predictive theory that provides clear guidance on how to create products customers will not only buy, but also pay premium prices for.

CLAYTON M. CHRISTENSEN (1952–2020) was the Kim B. Clark Professor at Harvard Business School, the author of nine books, a five-time recipient of the McKinsey Award for Harvard Business Review’s best article, and the cofounder of four companies, including the innovation consulting firm Innosight. In 2011 and 2013 he was named the world’s most influential business thinker in a biennial ranking conducted by Thinkers50.