By W. Chan Kim
Blue Ocean Strategy offers a scientific method of making the contest beside the point and descriptions ideas and instruments any association can use to create and seize their very own blue oceans. This increased version includes:
a brand new preface via the authors: support! My Ocean is popping Red
Updates on all instances and examples within the e-book, bringing their tales as much as the current time
new chapters and an multiplied 3rd oneAlignment, Renewal, and pink Ocean Trapsthat handle the main urgent questions readers have requested during the last 10 years
A landmark paintings that upends conventional wondering technique, this bestselling e-book charts a daring new route to profitable the longer term. give some thought to this your consultant to making uncontested marketplace spaceand making the contest irrelevant.
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Extra resources for Blue Ocean Strategy, Expanded Edition: How to Create Uncontested Market Space and Make the Competition Irrelevant
Sample text
Lastly, we show the ten most-common red ocean traps we see companies fall into as they put blue ocean strategy into practice. These traps keep companies anchored in the red even as they attempt to set sail for the blue. Addressing these traps is critical to getting people’s framing right to create blue oceans. With the proper grasp of the concept, one can avoid the traps and apply its associated tools and methodologies with accuracy so that right strategic actions can be produced to sail toward clear blue waters.
3 The result has been a fairly good understanding of how to compete skillfully in red waters, from analyzing the underlying economic structure of an existing industry, to choosing a strategic position of low cost or differentiation or focus, to benchmarking the competition. 4 However, there is little practical guidance on how to create them. Without analytic frameworks to create blue oceans and principles to effectively manage risk, creating blue oceans has remained wishful thinking that is seen as too risky for managers to pursue as strategy.
3 The result has been a fairly good understanding of how to compete skillfully in red waters, from analyzing the underlying economic structure of an existing industry, to choosing a strategic position of low cost or differentiation or focus, to benchmarking the competition. 4 However, there is little practical guidance on how to create them. Without analytic frameworks to create blue oceans and principles to effectively manage risk, creating blue oceans has remained wishful thinking that is seen as too risky for managers to pursue as strategy.
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