By W. Chan Kim
Blue Ocean Strategy offers a scientific method of making the contest beside the point and descriptions rules and instruments any association can use to create and catch their very own blue oceans. This accelerated variation includes:
a brand new preface via the authors: support! My Ocean is popping Red
Updates on all instances and examples within the booklet, bringing their tales as much as the current time
new chapters and an improved 3rd oneAlignment, Renewal, and pink Ocean Trapsthat deal with the main urgent questions readers have requested during the last 10 years
A landmark paintings that upends conventional puzzling over method, this bestselling booklet 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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Additional info for Blue Ocean Strategy, Expanded Edition: How to Create Uncontested Market Space and Make the Competition Irrelevant
26 The issue is how to succeed in blue oceans. How can companies systematically maximize the opportunities while simultaneously minimizing the risks of formulating and executing blue ocean strategy? If you lack an understanding of the opportunity-maximizing and risk-minimizing principles driving the creation and capture of blue oceans, the odds will be lengthened against your blue ocean initiative. 27 Strategy will always involve both opportunity and risk, be it a red ocean or a blue ocean initiative.
It has become a bestseller across five continents. It has been translated into a record-breaking forty-three languages. And the term “blue ocean” has entered the business vernacular. Over four thousand articles and blog posts on blue ocean strategy have come out, with new articles continuing to appear daily worldwide. The stories they contain are fascinating. There are articles from small business owners and individuals across the globe that discuss how the book fundamentally changed their perspectives on life and took their professional successes to all new levels.
As a result, companies’ time and attention get focused on benchmarking rivals and responding to their strategic moves, rather than on understanding how to deliver a leap in value to buyers—which is not the same thing. Blue ocean strategy breaks from the stranglehold of competition. At the book’s core is the notion of a shift from competing to creating new market space and hence making the competition irrelevant. 2 We observed that companies that break away from the competition pay little heed to matching or beating rivals or carving out a favorable competitive position.
Blue Ocean Strategy, Expanded Edition: How to Create Uncontested Market Space and Make the Competition Irrelevant by W. Chan Kim