For a company to innovate, it must create products and…
““For a company to innovate, it must create products and services that let consumers perform a job faster, better, more conveniently, and/or less expensively than before. To achieve this objective, companies must know what outcomes customers are trying to achieve (what metrics they use to determine how well a job is getting done) and figure out which technologies, products, and features will best satisfy the important outcomes that are currently underserved.””
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Innovation requires understanding the jobs customers want to accomplish and delivering solutions that outperform existing options on key outcomes.
In simple terms: Know customers' jobs and deliver better, faster, cheaper outcomes.
Focus on unmet outcomes and align tech to meet them.
Themes
Mood
Type
When to use this quote
- product development
- strategy planning
- market research
- service design
Key Concepts
Questions to Reflect On
- What outcomes are currently underserved?
- How can you measure success of new solutions?
Assumes all customers can be neatly categorized by jobs.