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Growing from the Core using Jobs-to-Be-Done

Hosted by Tony Ulwick

Summary

Growing from the Core: A Jobs-to-be-Done Approach to Strategic Growth

Companies are constantly seeking efficient and predictable ways to grow. One powerful approach is to grow from your core business, starting with where you’re already successful and expanding strategically from there. But how can companies identify the most promising growth opportunities? The Jobs-to-be-Done (JTBD) framework offers a customer-centric methodology to uncover hidden growth potential.

Defining Your Core Market

The first step is to properly define your core market. Rather than thinking in terms of products or demographics, JTBD encourages defining markets as “a group of people trying to get a job done.” For example, instead of being in the “circular saw market,” a company might define their core as “helping tradespeople cut wood in a straight line.” This shift in perspective opens up new possibilities. Once you understand the underlying job customers are trying to accomplish, you can explore ways to:
  1. Help customers get more of the job done
  2. Help them get the job done better

Getting More of the Job Done

Many products only address part of the customer’s overall job. By mapping out the entire job process, companies can identify opportunities to expand their offering. For instance, in the music industry, we’ve seen progression from CDs that only allowed listening, to MP3 players that enabled organizing music, to streaming services that facilitate discovery and sharing.

Getting the Job Done Better

Even if you’re addressing the entire job, there may be room for improvement. JTBD research techniques can reveal specific, measurable outcomes customers use to gauge success. For example, surgeons removing anatomical structures might want to “minimize the time it takes to mobilize structures bound by adhesions that block access to the target structure.” By identifying underserved outcomes, companies can focus innovation efforts for maximum impact.

Moving to Adjacent Markets

As growth opportunities in the core market become saturated, companies can look to adjacent markets. In the JTBD framework, adjacent markets fall into two categories:
  1. Current job executors (customers) trying to get a new job done
  2. New job executors trying to get the current job done
For instance, a company helping parents pass on life lessons to children might explore adjacent markets like helping parents select schools (same customers, new job) or helping teachers pass on life lessons (new customers, same job).

Expanding to New Markets

New markets involve both new job executors and new jobs to be done. While potentially rewarding, this approach carries the highest risk as companies lack existing customer relationships and job-specific expertise. Careful market selection is crucial. The JTBD framework provides a consistent way to evaluate market attractiveness across diverse opportunities. Criteria might include:
  • Number of job executors
  • Degree to which the job is underserved
  • Growth rate of job executors
  • Frequency of job execution
  • Willingness to pay for better solutions
By applying these criteria systematically, companies can make data-driven decisions about which new markets to pursue.

Conclusion

The Jobs-to-be-Done approach offers a powerful lens for strategic growth. By focusing on customer jobs rather than product features, companies can:
  1. Uncover hidden opportunities in core markets
  2. Identify promising adjacent markets
  3. Evaluate and prioritize new market entries
This customer-centric, outcome-driven methodology helps make innovation more predictable and efficient, dramatically improving the odds of successful growth initiatives.

Discussion Points

  • How to define your market for growth:
  • The Three options for growth (Core, Adjacent, New)
  • Techniques for Maximizing Core Market Growth
  • Live Q&A
Duration:
50
Minutes

Description

Are you a product leader looking to drive growth? Join us for our next webinar, where you’ll learn how to use jobs-to-be-done to identify and prioritize your biggest Market Strategy MatrixIn this session, we’ll cover: Defining Markets for Growth: Discover how defining markets through a jobs-to-be-done lens provides a consistent, stable foundation for identifying growth opportunities and aligning your organization around a shared understanding of your target markets. The Three Options for Growth: Explore a practical framework for efficiently expanding revenue by sequentially exploring opportunities to grow your core markets, expand into adjacent markets, and unlock entirely new markets. Techniques for Maximizing Core Market Growth: Gain actionable insights on how to drive growth in your core markets by identifying underserved job steps to get more of the job done, and pinpointing unmet customer needs to focus innovation efforts on getting the job done better. Whether you’re looking to maximize growth in your core markets, identify the most attractive adjacent opportunities, or unlock the potential of entirely new markets, this webinar will provide you with the tools and frameworks you need to succeed. Don’t miss this opportunity to learn how to apply jobs-to-be-done to accelerate revenue growth and take your product strategy to the next level. Register now and start unlocking your full growth potential.
Tony Ulwick