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JOB TO BE DONE My Learning on Business Model Innovation 1 Twitter: @pralabhverma; Mail: [email protected] Date: 23 – 08 – 2013
21

Business Model Innovation via JTBD Methodology

Nov 22, 2014

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Business

Pralabh Verma

Project aimed to develop alternative business model to bring new products to market using Jobs-to-be-done methodology. This project helped to answer following business questions for the organisation:
a. How to gain critical mass for a new product
b. How to develop new product launch model for self sustainablity
c. How to develop orgnaisation wide process capability for innovation
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Page 1: Business Model Innovation via JTBD Methodology

JOB TO BE DONE My Learning on Business Model Innovation

1 Twitter: @pralabhverma; Mail: [email protected]

Date: 23 – 08 – 2013

Page 2: Business Model Innovation via JTBD Methodology

CONTENTS

2 Twitter: @pralabhverma; Mail: [email protected]

PRINCIPLES OF IDENTIFYING THE JOBS

WHAT “JOBS” PHILOSOPHY IS ALL ABOUT

Page 3: Business Model Innovation via JTBD Methodology

People don't want to buy

a quarter-inch drill. They

want a quarter-inch hole!

- Theodore Levitt

A JOB IS A HIGHER PURPOSE FOR WHICH A CUSTOMER BUYS PRODUCTS,

SERVICES AND SOLUTIONS

3 Twitter: @pralabhverma; Mail: [email protected]

Page 4: Business Model Innovation via JTBD Methodology

PRODUCT VIEW

ASKING "WHAT JOB IS THE CUSTOMER TRYING TO GET DONE” CAN BE

POWERFUL WAY TO FIND NOVEL SOLUTIONS

4

DEMOGRAPHIC VIEW JOBS TO BE DONE

VIEW

• Provide nutrition in between meal time

• Milkshake for SEC A 25-35 years old living in urban area

• Make my commute to office entertaining

• Build image of a loving parent

Twitter: @pralabhverma; Mail: [email protected]

Page 5: Business Model Innovation via JTBD Methodology

• Provide nutrition in between meal time

FUNCTIONAL

JOBS CAN BE FUNCTIONAL, EMOTIONAL OR SOCIAL

5

EMOTIONAL SOCIAL • Make my commute to office

entertaining • Build image of a loving

parent

Twitter: @pralabhverma; Mail: [email protected]

Page 6: Business Model Innovation via JTBD Methodology

WHILE JOBS REMAIN SAME OVER A LONG PERIOD OF TIME, SOLUTIONS

CHANGE

6

JOB: PROVIDE INFORMATION ABOUT BATTLE SCENE TO COMMAND HQ

420 BC 2013

MARATHON MODERN ERA

Twitter: @pralabhverma; Mail: [email protected]

Page 7: Business Model Innovation via JTBD Methodology

CONTEXTUAL CLARIFICATION OBJECT OF ACTION ACTION VERB

JOB IS A “PROBLEM” FACED BY A CONSUMER/CUSTOMER IN A

PARTICULAR “CONTEXT”

7

Build… image of… a loving parent

Provide… nutrition… in between meal time

Make… my commute… to office entertaining

1 2 3

Twitter: @pralabhverma; Mail: [email protected]

Page 8: Business Model Innovation via JTBD Methodology

CONTENTS

8

PRINCIPLES OF IDENTIFYING THE JOBS

WHAT “JOBS” PHILOSOPHY IS ALL ABOUT

Twitter: @pralabhverma; Mail: [email protected]

Page 9: Business Model Innovation via JTBD Methodology

TAKE “CONSUMER-IS-THE-BOSS” APPROACH

9

“We have one and only one boss that matters… that’s the consumer”

-AG Lafley (Chairman & CEO P&G)

Twitter: @pralabhverma; Mail: [email protected]

1

Page 10: Business Model Innovation via JTBD Methodology

WATCH THE CONSUMER WHEN THEY ENCOUNTER THE PROBLEM

AND HOW THEY ARE TRYING TO SOLVE THE PROBLEM

10

Technique 1 – Customer Activity Cycle

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2

A B C

Technique 2 – Walk the process

Technique 3 – Day in the Life of…

Page 11: Business Model Innovation via JTBD Methodology

WHAT EVER THE TECHNIQUE, KEEP FOCUS ON “WHY” OVER

“WHAT”

11 Twitter: @pralabhverma; Mail: [email protected]

3

Page 12: Business Model Innovation via JTBD Methodology

ITERATIVE LEARNING AND APPLICATION

Observe, Learn, Solve, Test and Apply… Do it again

12

Observe

Learn

Test

Apply

Solve

Twitter: @pralabhverma; Mail: [email protected]

4

Page 13: Business Model Innovation via JTBD Methodology

STUDY ALL STAKEHOLDERS AND FULL CONSUMPTION CHAIN

13

Investigate…

• Who else is involved in the decision

making process and consumption of

product/service?

• What are their jobs-to-be-done?

Twitter: @pralabhverma; Mail: [email protected]

Stakeholders

A

B

C

Consumer

A

1 2

B

3

5

Page 14: Business Model Innovation via JTBD Methodology

INVESTIGATE FIVE C’s: CIRCUMSTANCE

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The specific problem a customer cares about

and the way they assess solutions is

dependent on his or her circumstance

Twitter: @pralabhverma; Mail: [email protected]

6

Milkshake in the circumstance of long boring daily commute

Milkshake in the circumstance of parent taking her/his kid out

Page 15: Business Model Innovation via JTBD Methodology

INVESTIGATE FIVE C’s: CONTEXT

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It is important to carefully observe - first hand and

in real time - consumers to determine their

unstated needs and wants. Doing consumer

research yourself is more productive than lengthy

market research projects

con·text /ˈkäntekst/ Noun 1. The setting for an event,

statement, or idea, and in terms of which it can be fully understood and assessed

2. The parts of something written or spoken that immediately precede and follow a word or passage and clarify its meaning

Twitter: @pralabhverma; Mail: [email protected]

7

Page 16: Business Model Innovation via JTBD Methodology

INVESTIGATE FIVE C’s: WHAT “CONSTRAINTS” CONSUMPTION

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Developing an innovative solution around following five barriers constraining

consumption works effectively

Twitter: @pralabhverma; Mail: [email protected]

WEALTH TIME ACCESS SKILLS EXISTING BEHAVIOUR

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Page 17: Business Model Innovation via JTBD Methodology

INVESTIGATE FIVE C’s: COMPENSATING BEHAVIOUR

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A customer spending money trying to solve a

problem is a clear sign that job is important

enough for him to try and solve even though there

are no easily available solutions

Twitter: @pralabhverma; Mail: [email protected]

9

Page 18: Business Model Innovation via JTBD Methodology

INVESTIGATE FIVE C’s: CRITERIA OF PERFORMANCE

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Before determining a solution would work for customers, first understand the

criteria that matter to him – design solution accordingly

Twitter: @pralabhverma; Mail: [email protected]

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Criteria a Criteria b Criteria c Criteria d

Page 19: Business Model Innovation via JTBD Methodology

JOBS ARE NEUTRAL TO SOLUTIONS

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Easier Faster More Powerful

DRILL

OR

White space of any other innovation

Twitter: @pralabhverma; Mail: [email protected] 19

11

Page 20: Business Model Innovation via JTBD Methodology

ONLY AN IMPORTANT AND UNSATISFIED JOB CAN GIVE VIABLE

SOLUTIONS

20

Important Job

+

Unsatisfied

Opportunity

Twitter: @pralabhverma; Mail: [email protected]

12

=

Page 21: Business Model Innovation via JTBD Methodology

TO SUM UP – SIX KEY TAKE AWAYS

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A JOB IS A “PROBLEM” FACED BY A CONSUMER/CUSTOMER IN A PARTICULAR “CONTEXT”

ANSWERING "WHAT JOB IS THE CUSTOMER TRYING TO GET DONE” CAN HELP FIND NOVEL SOLUTIONS

UNDERSTAND JOBS BY TAKING “CONSUMER IS THE BOSS” APPROACH

STUDY 5 Cs – CIRCUMSTANCE, CONTEXT, CRITERIA, COMPENSATING BEHAVIOUR AND CONSTRAINTS

STUDY ALL STAKEHOLDERS AND FULL CONSUMPTION CHAIN

ONLY AN IMPORTANT AND UNSATISFIED JOB CAN GIVE VIABLE SOLUTIONS

Twitter: @pralabhverma; Mail: [email protected]