Tru group inc blue ocean strategy belongs in the dead sea. Ocean, where the costs of competition are very high and the rewards are relatively low. A third tool, the eliminatereduceraisecreate grid, pushes firms to act on all four questions posed by the four actions framework and to create a new value curve. Search powerpoint and keynote presentations, pdf documents, powerpoint templates and diagrams on authorstream.
The expanded edition of blue ocean strategy, is metaphorical, witty, and almost biblical in its commentary of the bloody waters of competitive red ocean market forces. Blue ocean strategy is the simultaneous pursuit of differentiation and low cost to open up a new market space and create new demand. Blue ocean strategy including examples and pdf download. A company will have more success, fewer risks, and increased profits in a blue ocean market. Its purpose is to identify a research theme and related issues in the existing literature for future research avenue. The concept of blue ocean is based on the idea that the business universe is made up. Furthermore the blue ocean strategy was awarded with.
Essay about blue ocean strategy 825 words bartleby. It is based on the view that market boundaries and industry structure are not a given and can be. Blue ocean strategy write my essay i need help with my. Blue ocean strategy is the bestselling book which launched a worldwide revolution in business strategy. Various types of strategies are used in strategic management such as red ocean strategy, blue ocean strategy, green ocean strategy and purple ocean strategy.
Principles of marketing blue ocean strategy 07 free download as powerpoint presentation. Pdf on sep, 2015, mohammed r ahmed and others published. Blue ocean strategy presents a systematic approach to making the competition irrelevant and outlines principles and tools any company can use to create and capture their own blue oceans. Selfmade billionaires ignore the distinction between blue oceans and red oceans. The bluest ocean strategy for emerging ict business. Blue ocean strategy is a marketing theory and the title of a book published in 2004 that was written by w. The purpose of this study was to apply blue ocean strategy to chinese 3g mobile telecom industry.
The real opportunity is to create blue ocean for uncontested market space. Blue ocean pedagogical materials, used in over 2,800 universities and in almost every country in the world, go beyond the standard casebased method. Chapter 1 summary this is the first chapter of blue ocean strategy. The concept of bos was introduced in 2004 in a harvard business. Chan kim and renee mauborgne provide tools and frameworks for creating blue oceanstheir term for all the industries not in existence today.
The blue ocean strategy book has been sold over 3,5 million times, was published in 43 languages and is a bestseller across five continents. This post defines blue ocean strategy and explores a few examples while pointing out the five main risks of pivoting in the search for a rich blue sea without competitors. How to create uncontested market space and make the competition irrelevant kim, w. Review article titled blue ocean strategy kim and mauborgne 2004. A landmark work that upends traditional thinking about strategy, this bestselling business book charts a bold new path to winning the future. So powerful is blue ocean strategy, in fact, that a blue ocean strategic move can create brand equity that lasts for decades. Chan kim and renee mauborgne, are both prominent professors at insead in fontainebleau, france. Download blue ocean strategy pdf including examples.
Cmo home opinion guest columnist blue ocean strategys fatal flaw by wayne e. The blue ocean strategy means that you find some aspect of your market that no one is doing, and try to dominate that, rather than fighting it out with other vendors in your space a red ocean strategy. Pdf impact of blue ocean strategy on organizational. Management can and should be visionary in formulating strategy. Based on a study of 150 strategic moves spanning more than 100 years and 30 industries, blue ocean strategy addresses this question and provides a systematic approach to drafting and implementing your own blue ocean strategy. Chan kim and renee mauborgne, professors at insead. Companies pursue blue ocean strategies to make competition irrelevant. Profitworks is a company built on the values of integrity, hard work, doing things better than they have ever been done before and the utmost. The competition on the market is getting stronger and more difficult to overcome. In october 2004 kim and mauborgne published their theory of blue ocean strategy bos in the. Blue ocean strategy ppt presentations on authorstream. The most appropriate unit of analysis is the strategic move, the set of managerial actions and decisions involved in making a major marketcreating business offering. In this article you will learn how to make your competition irrelevant and have sales and profit growth in excess of anything you thought was even possible.
The book titled blue ocean strategy is not helpful to management dont buy it and if you already have it dump it. The risks of following a blue ocean strategy the adaptive. But, contrary to the approach of ocean strategy, should do so by thinking about market environment shifts, how these could impact customer sets, and whether those. This blog article takes a look at what kind of roi some companies have achieved by implementing a blue. They research for around over 20 years and sum up a theory of blue ocean. Chan kim and renee mauborgne in their bestselling book of the same name. How does blue ocean strategy differ from red ocean strategy. Blue ocean strategy order description 1 article summary 2 blue ocean strategy a list of related materials, with annotations to guide further exploration of the articles ideas and applications 11 further reading competing in overcrowded industries is no way to sustain high performance. Click the link above or the picture below to read more. Blue ocean strategy and sustainability for strategic management. How to create uncontested market space and make the competition irrelevant, a.
Pdf harvard business school press blue ocean strategy. This book brings the best of those articles together all in one place. Essay about blue ocean strategy 825 words 4 pages blue ocean strategy paper adel erolsky university of phoenix mkt421 ron rosalik august 25, 2014 blue ocean strategy paper in todays business world, competition is a big concern for nearly every corporation. Challenging the conventional competition based approaches to business strategy, blue ocean. They represent businesses that may not be around today, or werent around until they came on to the scene. Blue ocean strategy and sustainability for strategic. In this article you will learn how to make your competition irrelevant and have sales and profit. When we think of competition between companies like coke and pepsi or walmart and costco, we think of competitors fighting to get the biggest share of.
A blue ocean, as used in the title of this book and strategy, is basically uncharted territory in the business world. Blue ocean strategy makes companies to come out of ocean of bloody competition by creating market space which is uncontested and that makes the completion irrelevant. Pdf blue ocean strategy bos is a management concept which prescribes that organizations, rather than going. The strategic logic of high growth hbr julyaugust 2004. Innovation, new market space and creating demand are central characteristics. Pdf examining the emergence and evolution of blue ocean. Achieved via the delivery of features that have a highest marginal benefit to customer needs. Blue ocean strategy is a strategy that advice companies to go to a. It was built on the notion of creating new markets where competition is irrelevant and the opportunity to grow and be profitable is unlimited. We believe that an understanding of blue ocean strategy will help todays companies as they struggle to thrive in an. When expressed through a value curve, an effective blue ocean strategy has three complementary qualities. Critique of blue ocean strategy by tru group inc strategy consultants ocean strategy, red or blue, belongs in the dead sea. Value innovation strategy competes in an uncontested market space. In red oceans, there is a competitiveadvantage worldview, companies are often driven to outperform rivals and capture greater shares of existing or shrinking market space.
Impact of blue ocean strategy on organizational performance. Feb 02, 2009 focus on the big picture, not the numbers align your strategic planning process to focus on the big picture and apply these ideas in drawing the companys strategy align your strategic planning process to focus on the big picture and apply these ideas in drawing the companys strategy canvas to arrive aa blue ocean strategy canvas to arrive. This blog article is a overview of some of the key points of the book by w. Blue ocean strategy is a business strategy book, first published on february 3, 2005 by the harvard business school press. The seminal book blue ocean strategy has sold over 3. We believe that blue ocean strategy will send you on the right path towards creating your own uncontested space. Chan kim is a professor of strategy and management at insead and. Ocean strategy has been introduced by kim and mauborgne 2004a which rapidly gained worldwide publicity and acceptance. Blue ocean strategy paper adel erolsky university of phoenix mkt421 ron rosalik august 25, 2014 blue ocean strategy paper in todays business world, competition is a big concern for nearly every corporation. Chan kim and renee mauborgne in 2005 from harvard business school. You cannot copy in full or in part any of our full text content and our original ed images without our prior consent.
Set sail towards your blue ocean jk beteiligung gmbh. Instead of dividing up existingand often shrinkingdemand and benchmarking competitors, blue ocean strategy is about growing demand and breaking away from the competition. Our multimedia cases and interactive exercises are designed to help you build a deeper understanding of key blue ocean strategy concepts, developed by worldrenowned professors chan kim and. May 31, 2016 instead of fighting headon with your competitors, how do you create uncontested market space and make the competition totally irrelevant. Sep 24, 2017 in 2005, blue ocean strategy, expanded edition. The bluest ocean strategy for emerging ict business final report 2006.
Blue ocean strategy blue ocean strategy pdf blue ocean strategy 2004 five keys to blue ocean strategy blue ocean strategy expanded edition book summary blue ocean strategy blue ocean strategy book by w. See comparison between red and blue ocean strategies here in one simple table. Made by group d of the minor global trendwatching 2015. Blue ocean strategy is a book published in 2005 and written by w. Chan kim and renee mauborgne in the indie business book club. How to create uncontested market space and make the competition irrelevant, a book by professors w. The blue ocean strategy is a reconstructionist view of the market where no accepted boundaries or structure is present. Since, dividing up existing demand and benchmarking the competitors, blue ocean strategy is. Jul 21, 2010 blue ocean strategy is the bestselling book which launched a worldwide revolution in business strategy. I was pleased to be a part of a committed team in 2012 bringing service nsw to life, tasked with. Examining the emergence and evolution of blue ocean strategy. Application of blue ocean strategy to chinese 3g mobile. It empowers organizations by providing a set of analytical tools and frameworks that any company can apply to reshape industry boundaries in their favor and leave the competition behind watch blue ocean strategy video. Blue ocean strategy is a landmark idea founded by w.
I wish i could say my own pursuit of enlightenment led me to chan kim and renee mauborgnes masterpiece on embracing and leveraging difference. It requires the right research, patience and focus. The structure can be created or recreated by the steps taken by players in the market. They assert that these strategic moves create a leap in value for the company, its buyers, and its employees while unlocking new demand and making the competition irrelevant. We love to know how blue ocean strategy, blue ocean shift, and blue ocean leadership is applied around the world by other people and we monitor for blue ocean mentions so we will know if you do not abide by our rules. Principles of marketing blue ocean strategy 07 strategic.
Red ocean strategy blue ocean strategy compete in exiting market space create uncontested market. Chan kim and renee mauborgne how to create uncontested market space and make competition irrelevant. Blue ocean strategy generally refers to the creation by a company of a new, uncontested market space that makes competitors irrelevant and that creates new consumer value often while decreasing costs. It is about creating and capturing uncontested market space, thereby making the competition irrelevant. However, the price competition only results in a red ocean, where the costs of competition. Blue ocean strategy has helped numerous companies and organisations across the globe to create new market space and achieve pro. Chan kim and renee mauborgne, professors at insead and codirectors of the insead blue ocean strategy institute. The goal of a blue ocean strategy is for organizations to find and develop blue oceans uncontested, growing markets and avoid red oceans overdeveloped, saturated markets. Welcome to blue ocean strategy were thrilled to have you on board. Blue ocean strategy is a strategy that advice companies to go to a new market, which interest. To read a more lengthy, indepth article on the blue ocean strategy go to. To maintain sustainable growth, the companies need to go.
Strategy and thinking is not limited by preconceived barriers, and a shift happens from a focus on the supply side to a focus on the demand. Chan kim pdf download blue ocean blue ocean shift pdf blue ocean strategie blue ocean shift blue ocean shift espanol pdf ocean blue sanded grout red ocean strategy 15fen finding the blue ocean. Chan kim is a professor of strategy and management at insead and codirector of the insead blue ocean. To understand the nature of cirques achievement, you have to realize that the busi. May 26, 2015 summary of the first four chapters of the international bestseller blue ocean strategy. While the book is aimed primarily at large, traditional businesses, our book club members managed to scale some of the advice to fit our needs. The real opportunity is to create blue oceans of uncontested market space. Black ocean strategy a probe into a new type of strategy. Pollard in their international bestseller, blue ocean strategy, w. Red ocean in blue oceans, demand is created rather than fought over. Blue ocean strategy challenges companies to break out of the red ocean of bloody competition by creating uncontested market space that makes the competition irrelevant. Blue ocean strategy case study service nsw 2 foreword service nsw is an important initiative in the delivery of an improved customer experience for the citizens and businesses of new south wales. This post defines blue ocean strategy and explores a few examples while pointing out the five main risks of pivoting in the search for a. Summary of the first four chapters of the international bestseller blue ocean strategy.
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