Blue Ocean Strategy, Expanded Edition: How to Create by W. Chan Kim

By W. Chan Kim

The international phenomenon that has bought 3.5 million copies, is released in a record-breaking forty three languages and is a bestseller throughout 5 continents—now up-to-date and increased with new content. This worldwide bestseller, embraced through companies and industries around the world, demanding situations every little thing you idea you knew concerning the standards for strategic good fortune. Now up to date with clean content material from the authors, Blue Ocean Strategy argues that cutthroat festival ends up in not anything yet a bloody crimson ocean of opponents battling over a shrinking revenue pool. in response to a examine of a hundred and fifty strategic strikes (spanning greater than a hundred years throughout 30 industries), the authors argue that lasting good fortune comes no longer from combating opponents yet from growing “blue oceans”—untapped new marketplace areas ripe for growth.

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 one—Alignment, Renewal, and pink Ocean Traps—that 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 space—and 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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Blue Ocean Strategy, Expanded Edition: How to Create by W. Chan Kim
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