Equity Value Blog - thrv

JTBD for Competitive Analysis

Written by thrv | Feb 21, 2025 5:37:37 PM

The Jobs-to-be-Done (JTBD) framework helps businesses analyze competition by focusing on customer needs instead of product features. It identifies what customers are trying to achieve (jobs), the results they want (desired outcomes), and unmet needs in the market. This approach uncovers opportunities for innovation and helps businesses align their product, marketing, and sales strategies with customer expectations.

Quick Comparison: JTBD vs. Traditional Analysis

Aspect

Traditional Focus

JTBD Focus

Primary Focus

Product features

Customer needs and outcomes

Scope

Direct competitors only

All possible solutions

Insight Type

Descriptive (what exists)

Prescriptive (what actions to take)

Strategic Outcome

Market positioning

Opportunities for new solutions

 

Looking Beyond Direct Competition

Think beyond the obvious. Any solution that helps customers achieve the same goal qualifies as competition. For example, a meal kit company like Blue Apron isn't just competing with other meal kit brands. It's also up against grocery stores, restaurant delivery, and even tools like meal planning apps that help customers prepare easy, healthy meals at home.

This wider lens helps uncover competitors you might otherwise overlook, avoiding blind spots that can limit strategic decisions:

Competition Type

Description

Example Solutions

Direct

Same product category and method

Meal kit services

Indirect

Different category, same goal

Grocery stores, restaurant delivery

Alternative

Entirely different approach

Cooking classes, meal planning apps

Steps to Analyze Competition with JTBD

Define Customer Jobs and Desired Outcomes

Start by identifying customer jobs and the results they want to achieve. Focus on the outcomes customers care about - not just features. Platforms like thrv’s JTBD software can help simplify this process.

Job Component

Description

Example Metric

Functional Jobs

The main tasks customers aim to complete

Time to complete the task

Emotional Jobs

How customers want to feel during or after the job

Confidence level

Social Jobs

How customers want others to view them

Professional credibility

Evaluate Competitor Performance

Once you've defined customer jobs, assess how well and how quickly competitors deliver on those outcomes. Use a performance matrix to measure key areas.

Assessment Area

Measurement Method

Data Source

Job Completion Rate

Metrics showing accuracy in completing tasks

User surveys

Time to Value

Speed at which the desired outcome is achieved

Usage analytics

Customer Effort

Resources customers need to invest

Customer interviews

These metrics will help you identify unmet needs and areas where competitors fall short.

Identify Market Gaps

Market gaps highlight opportunities where customer needs aren't being fully met. These gaps can guide innovation and product development.

Key areas to analyze include:

  • Underserved Needs: Where customers report low satisfaction across all available options.

  • Performance Gaps: Specific areas where competitors fail to deliver effectively.

  • Value Misalignment: Cases where solutions require too much effort or cost compared to the value provided.

 

Using JTBD Results

The Jobs-to-be-Done (JTBD) analysis provides valuable insights to sharpen your product strategy, marketing, and sales efforts. Start by using these insights to fine-tune your product roadmap.

Product Roadmap Planning

Turn competitive insights into clear product priorities. Using thrv's structured framework, product teams can assess which features will have the most impact by addressing specific unmet needs.

Priority

Criteria

Actions

High Priority

Critical jobs unmet by competitors

Develop features that directly fill these gaps

Medium Priority

Jobs partially met with mixed competitor performance

Improve existing features to stand out from competitors

Low Priority

Jobs already well-met by competitors

Monitor for future opportunities

Marketing and Sales Improvements

Shape your messaging and sales strategies around customer jobs. Use the insights from JTBD to refine how you communicate your solution's value.

Communication Area

JTBD Application

Expected Outcome

Value Proposition

Highlight how features solve customer jobs

Stronger connection with customers

Sales Conversations

Focus discussions on job completion

Better understanding of customer needs

Content Strategy

Develop content tailored to specific jobs

Improved lead quality

By aligning your roadmap and messaging, you set the stage for creating a lasting edge in the market.

Building Market Advantages

Stand out by addressing underserved customer jobs. Pinpoint areas where competitors fall short, and channel your R&D efforts to meet these needs. Regularly evaluate your solution's performance to maintain and strengthen your position in the market.

Key Benefits Review

JTBD shifts the focus of competitive analysis from product features to the tasks customers aim to accomplish. This approach helps businesses uncover deeper market insights and advantages.

Benefit Category

Impact on Business Strategy

Customer Understanding

Helps uncover motivations and unmet needs.

Competition Mapping

Highlights direct and indirect competitors.

Innovation Focus

Guides R&D toward opportunities with high potential.

Strategic Alignment

Aligns product, marketing, and sales strategies.

By understanding these benefits, you're equipped to apply JTBD to your competitive strategy.