Blue Ocean Strategy by W. Chan Kim and Renée Mauborgne. Competing in overcrowded industries is no way to sustain high performance. Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant [W. Chan Kim, Renee Mauborgne] on * FREE*. : Blue Ocean Strategy: How to Create Uncontested Market ( Audible Audio Edition): W. Chan Kim, Renee Mauborgne, Grover Gardner, LLC.
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Activity Log December 29, Computer industry has experienced several blue oceans created by simplified computers and making them cheaper. The book uses many examples across industries to demonstrate how to break out of traditional competitive structuralist strategic thinking and to grow demand and profits for the company and the industry by using blue ocean reconstructionist strategic thinking.
To sustain themselves in the marketplace, practitioners of red ocean strategy focus on building advantages over the competition, usually by assessing what competitors do and striving to do it better. Feb 11, Van Edwards rated it it was ok. The four key hurdles comprise the cognitive, resource, motivational and political hurdles that prevent people involved in strategy execution from understanding the need to break from status quo, finding the resources to implement the new strategic shift, keeping your people committed to implementing the new strategy, and from overcoming the powerful vested interests that may block the change.
The 3DS is Nintendo’s third endeavour for its blue ocean strategy. What a good book for those who are interested in strategy. One interesting story, for example, was [yellow tail], the Australian wine company that stepped outside of the traditional wine marketing with a simpler offering targeting casual drinkers.
Blue Ocean Strategy by W. Chan Kim and R. Mauborgne | ToolsHero
It’s a must for anyone responsible in decision making. Do you recognize the practical explanation or do you have more suggestions? Retrieved from ” https: I suggest to give it a read as this one plunged deeper into product differentiation and how to sta It is a complicated task to review a non-fiction. Since Blue Ocean Strategy was published in it has been translated into 43 languages and has sold over 3.
Dyson designed vacuum cleaners without cost and annoyance of changing bags. Do not focus on your existing customers because they are relatively happy anyway, and competition is stiff; focus on getting new customers instead as they are the Blues. Srrategy Sketch of the Historical Pattern of Blue Ocean Creation Creating blue oceans doesn’t require tech innovation, even in tech industries.
Identify pain points of your product and eliminate them through a complementary product. The framework is a classical case study based work which attempts to define the reason behind companies success stories. When setting price, look at products that take different forms but perform the same function as your product, and products that take different forms and functions but share same objective.
There are a few good ideas in the book, but they are shrouded in unnec The signal-to-noise ratio of business books generally tends towards zero. Mar 04, Thanh Tu rated it really liked it.
Nintendo is another high-profile example. I think Steve Martin originally did this. Competition in the old maubprgne is therefore rendered irrelevant. The Wall Street Journal.
And the reason it fails is that disruption is by definition unstructured. They defined this success as a significant drop in crime in the City of New York after Bratton took office in Blue Ocean Strategy differentiates itself from many business strategy books in that it doesn’t maubogne dwell on this semi-novel strategic formulation, instead it includes numerous tools and suggestions for actively moving a company from red to blue ocean.
Blue Ocean Strategy: How to Create Uncontested Market Space and Make the Competition Irrelevant
Hence, competition, the supply side of the equation, becomes the defining variable of strategy. Bulletin of the Transilvania University Basov. The book covers the “strategic canvas” for analyzing competitors and planning a new market space.
There are some helpful tables and graphs. Here companies try to outperform their rivals to grab a greater share of product or service demand. Many of these tools are also used by Six Sigma practitioners and proposed by other management theorists.
Blue Ocean Strategy (BOS)
The references, of course, are dated. I’m not saying that their strategy is wrong, but perhaps Mauborgns be more convinced mauborgme it if there were a company who successfully followed their method.
After reading you will understand the basics of this powerful strategy tool. Over the years being a reasonably good skier has served me well, differentiating myself from many of my peers and has created numerous business relationships and opportunities.
Aug 24, Mahshid Parchami rated it it was amazing Shelves: Business strategy is all about how you intend to differentiate yourself from the competition and how you plan to get there. Instead, blue ocean strategy proposes finding value that crosses conventional market segmentation ,auborgne offering value and lower cost. Bloomberg focused on traders and analysts, not IT managers.
Everything in this book is common sense.
Blue Ocean Strategy – Wikipedia
I am reading it for the first time because the new one has come out and I wanted a baseline. Unfortunately, I may never be able to sell my business book idea: Use feedback to build the best “to be” future strategy. Always up-to-date with our latest practical posts and updates? An interesting approach to strategic thinking, though the guidelines feel as if they were written much more for managers which are looking for a hands on approach with direct tips rather than for consultants working with managers on strategic projects.
It uses the holy grail of business books: