How has the book 'Competing Against Luck' influenced corporate strategies in defining the job of a product or service?

The book 'Competing Against Luck' presents several innovative ideas about understanding your products' jobs. One of the key ideas is the concept of 'Jobs to be Done' theory. This theory suggests that customers hire products or services to do a specific job. By understanding this job, organizations can tailor their products or services to better meet the needs of the customer. Another idea is the risk of using a one-size-fits-all solution. The book argues that such solutions often fail to satisfy customers because they do not adequately address the specific job the customer needs done. Instead, organizations should strive to deeply understand their products' jobs to uncover new opportunities for growth and innovation.

A small business can use the concept of defining the job of a product or service for growth by first understanding what customers hire their product or service to do. This involves identifying the specific needs or problems that the product or service solves for the customer. Once this is clear, the business can then focus on improving these specific aspects, thereby enhancing the value of their offering and driving growth. Additionally, this understanding can open up new opportunities for innovation and expansion.