This week Jay and Jared from thrv talk about how you could be Netflix using the Jobs-to-be-Done (JTBD) innovation method!
✅ Download our Executive White Paper: "How to Use JTBD To Grow Faster" 👉 www.thrv.com/jobs-to-be-done-...
Netflix is obviously a dominant player in the streaming industry, but their market cap is down 70% year to date with the market being down as well. But they've also had a net loss of 200,000 subscribers in q1, they forecast losing 2 million subscribers in q2, competition and lifting pandemic restrictions has obviously impacted their business and subscription sharing as well. And interestingly, they lost 700,000 subscribers in Russia after the war in Ukraine. So still performing well there 45% of video streaming the largest audience amongst all the streaming players, and they have good evidence in their past of getting jobs done versus their competition. So how can we use Jobs-to-be-Done to analyze and beat Netflix? Or how could Netflix turn around and continue to grow its business using Jobs-to-be-Done? Watch to find to find out...
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Learn more about JTBD: www.thrv.com/jobs-to-be-done
KZread: / @thrv
Linkedin: / thrv-com
Twitter: / thrvapp
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Follow Jared Ranere on Linkedin: / jaredranere
Key moments from today's topic on how you would beat Uber:
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00:00 Intro to the current state of Netflix
01:40 What "job" is Netflix competing for and who is the competition?
11:49 How Netflix could use JTBD to get over their market issues
16:49 What "jobs" could Netflix expand to?
21:03 Could Netflix use the metaverse to expand their "jobs"
24:32 How big companies like Netflix can capitalize on big future platform changes
#Netflix #JobstobeDone #JTBD