Preview

Blue Ocean Strategy

Satisfactory Essays
Open Document
Open Document
9966 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Blue Ocean Strategy
National Bank of Pakistan

Strategic Importance and Effective Execution

Workshop: 8 -12 April 2013

By Javaid A. Khan
CEO & Lead Trainer

www.improversworld .com

©All Rights Reserved

1

Table of Contents
What is Strategy? .......................................................................................................................................... 2 What is Blue Ocean Strategy? ................................................................................................................... 3 The Paradox of Strategy ............................................................................................................................ 4 Laws of Strategy ........................................................................................................................................ 5 Basic Patterns of Blue Ocean Strategy .......................................................................................................... 7 The Defining Characteristics ..................................................................................................................... 8 Four Action Frame Work ....................................................................................................................... 9 Buyer Experience Cycle ....................................................................................................................... 10 Uncovering Blocks to Buyer Utility ..................................................................................................... 10 Summary of Blue Ocean vs. Red Ocean .................................................................................................. 11 Case Study in Banking Sector – Citibank ................................................................................................. 11 The Six Principles of blue Ocean Strategy ................................................................................................... 12 1.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Blue Ocean Strategy

    • 673 Words
    • 2 Pages

    Blue ocean is a slang term that comes from the book "The Blue Ocean Strategy," by W. Chan Kim and Renee Mauborgne. Blue ocean describes the opportunities of vast, untapped market spaces that can be developed by expanding market boundaries or launching new industries. In any established market, many businesses are in constant battle with each other for sales and customers. This is compared by a blue ocean because in a blue ocean many sharks will fight to the death for the ocean. This is also an example of red ocean; because of the battle between the many sharks, just like businesses fighting for customers and sales, blood appears from the battle. A majority of businesses are looking for their own blue ocean to work peacefully in but that may be hard to find in any type of business category.…

    • 673 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Blue Ocean Strategy Paper

    • 980 Words
    • 4 Pages

    In order to process the nature of a blue ocean entity, it is imperative to grasp the point of derivation, which is otherwise known as a red ocean. A red ocean, which is polar to a blue ocean, generates its namesake from a literal representation. Imagine a feeding frenzy in the middle of the ocean; the water turns red with the victim’s blood as predators compete for survival. Now, apply this image to economic conditions. In an open market in any given industry, where there are established standards, barriers, and rules, competitors in a well-defined saturated industry jockey for market shares from the available pot. That, in a nutshell, is a red ocean.…

    • 980 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Blue ocean strategy is important because it avoids costly competition and leaves the company to expand without worrying about other firms operating in their space. The first key to blue ocean strategy is focusing on noncustomers. Instead, companies should focus on creating a larger industry by attracting people who have never purchased from that industry. By doing this, not only are you creating a larger industry, but you are opening new pathways to new customers who will refer your product or service to even more new customers. After you have attracted new customers, it is time to move away from existing markets where all of the customers are doing business with either you or the competition to uncontested…

    • 886 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Blue Ocean Strategy is slang for the uncontested, innovative market space for an unknown industry. The strategy also changes the focus from the current competition to creating a new value and demand. Professors W. Chan Kim and Renee Mauborgne wrote the Blue Ocean strategy concept in their book ,”How To Create Uncontested Market Space and Make the Competition Irrelevant”. The Blue Ocean Strategy (BOS) concept represents potential market growth and profits. Within the BOS, there lies six main principles to guide the…

    • 701 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Blue Ocean Strategy

    • 749 Words
    • 3 Pages

    Kim, W.C. & Mauborgne, R. (2004). Blue ocean strategy. Harvard Business Review. Retrieved from http://hbr.org/2004/10/blue-ocean-strategy/ar/1…

    • 749 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Blue Ocean Strategy is a concept in which authors W. Chan Kim and Renee Mauborgne devised. They then wrote a bestselling book called you guessed it, Blue Ocean Strategy. In this book the authors expound upon at great length, the benefits for business owners to leave the red ocean. Red Ocean is a term used for what is known as the waters of competition where the fury of competition mirrors that of waters infested with sharks on a feeding frenzy. This is historically where the vast majority of businesses have found themselves. However in direct contrast the Blue Ocean Strategy…

    • 628 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    The Blue Ocean Strategy focuses on the three industries that closely touch people’s lives. Areas they looked at were Autos, Computers and Movie and what companies within those fields are doing to managing sustainable profit and growth through the test of time. The creation of a blue ocean strategy places its focus on strategic moves to place their brand in position long past its rise to fame. Rather than focusing on creating a company and battling your competitor’s blue ocean strategy gears to forecasting innovations and products to make oceans of uncontested market space. (W. Kim, 2004) A product strategy…

    • 1376 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Notcheating

    • 7397 Words
    • 30 Pages

    Strategy is about competing differently with rival- doing what competitors don’t do or even better…

    • 7397 Words
    • 30 Pages
    Powerful Essays
  • Good Essays

    The blue ocean strategy in marketing is an approach to building a customer base looks to build an entirely new market segment that does not currently exist with other firms. Perfect competition consists of a myriad of competitors in the same industry that are fighting with each other over their slice of the market by offering similar products or substitute products for innovations that already exists. A “red ocean” describes a marketplace where firms are rigorously competing with each other simply to gain a greater percentage of consumers within the existing marketplace. The Blue Ocean Strategy argues that innovative companies will advance, not by battling competitors, but by strategically creating…

    • 993 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays
    • 831 Words
    • 6 Pages
    Satisfactory Essays
  • Powerful Essays

    De Kluyver, C. A. and Pearce, J. A. II. (2003). Strategy: a view from the top. Upper…

    • 23638 Words
    • 95 Pages
    Powerful Essays
  • Good Essays

    There is no single, universally accepted definition for strategy. Some understand it as a deliberate plan, drawn up to achieve set goals, others see it more as a process, whereby a company’s decision and actions are made in alignment with opportunities or threats in the industry. Even others define it as a pattern of consistent actions in decision-making and lastly there are those with a military view of strategy, who consider it a manoeuvre to beat and outsmart the competition (Parthasarthy, 2006). By drawing from each of the definitions, one could say that strategy and by extension, strategic management, is constituted of short-term strategies involving managing and planning for the present and long-term decisions and actions, made, taken and implemented by managers to achieve superior competitive advantage, compared to their competitors.…

    • 7197 Words
    • 29 Pages
    Good Essays
  • Powerful Essays

    Blue Ocean Strategy A Case Study on Salesforce.com Presented by : Ashley Molina Niranjan Zende Siddharth Kumar Zain Yusuf What is a Blue Ocean ??? Blue ocean is nothing but an analogy to describe the wider, deeper potential of a market space that is yet to be explored.…

    • 1162 Words
    • 11 Pages
    Powerful Essays
  • Satisfactory Essays

    Blue Ocean Strategy: Blue Ocean Strategy is not about out-performing the competition in the existing industry, but to create new market space or a blue ocean, thereby making the competition irrelevant.…

    • 339 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Blue Ocean Strategy

    • 808 Words
    • 3 Pages

    While blue ocean strategy entails creating new opportunities where one 's do not currently exist, blue ocean strategy does is not exclusive to new business and new segments through R&D. Blue oceans can be created from current industry standards by redefining the customer experience. IKEA is a prime example of how crowding in existing business practices can offer blue ocean strategy to the company willing to redefine business culture. In this essay we will discuss the importance of blue ocean strategy. We will then discuss the blue ocean move that sets IKEA apart from other businesses in its industry. Finally we will consider a red ocean move for IKEA as well as the pros and cons of such a strategy. Ultimately, we will discover how IKEA found an alternative resources of blue ocean strategy within the highly concentrated furniture industry…

    • 808 Words
    • 3 Pages
    Good Essays