Blue Ocean Strategy Paper Ingrid Dillard MKT/421 December 22 2014 Dianna Iobst Blue Ocean Strategy Paper Blue Ocean strategy is an opportunity to create new and unique ways in an uncontested market space. This important strategy focuses on making competition irrelevant through creating a new innovative product or service. This paper outlines a product service that is considered a Blue Ocean move and the alternative Red Ocean strategy will also be covered. Blue Ocean Description and
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When I read the "Blue Ocean Strategy"‚ I think the Blue Ocean represents the unknown market space does not yet exist. Blue Ocean is characterized by new market boundaries‚ new demands‚ unpredictable high profit growth‚ without forming competition rules. Now be market conditions‚ market competition requires companies to implement the Blue Ocean strategy. market is in motion‚ the development of new industries and markets are always constantly developed‚ and today the number and type of industry and
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INTRODUCTION TO THE BLUE OCEAN STRATEGY The Blue Ocean Strategy (BOS) concept is known to us since 1995 on a book titled “Blue Ocean Strategy” written by W. Chan Kim in which the book was a success and being translated into over 40 languages (Bryan‚ 2006). However‚ the concept that the author described had been used in practice decades ago. In this write up‚ focus will be given on introducing the blue ocean strategy concept and examples from Crocs incorporation and Nintendo incorporation
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and blue oceans describes the market universe. Red Oceans are all the industries in existence today—the known market space. In the red oceans‚ industry boundaries are defined and accepted‚ and the competitive rules of the game are known. Here companies try to outperform their rivals to grab a greater share of product or service demand. As the market space gets crowded‚ prospects for profits and growth are reduced. Products become commodities or niche‚ and cutthroat competition turns the ocean bloody
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Blue Ocean Strategy MKT 421 Name Date Instructor Blue Ocean Strategy Description and Significance According to Cham Kim and Renee Mauborgne (2004)‚ the Blue Ocean strategy involves the description of how the organization should try and proceed to find some way to work in the marketplace that is not bloodied by the competition and also that is free of competitors. The strategy is against working in conditions such as Red Ocean‚ where businesses are ferociously fighting each other for some share
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Blue ocean strategy generally refers to the creation by a company of a new‚ uncontested market space that makes competitors irrelevant and that creates new consumer value often while decreasing costs. The following guidelines may be proposed to companies seeking to create blue oceans: 1. Identify the key features/ dimensions that currently define a product/ service.2. Identify a group of customers who only value a subset of these features. These customers may be currently using lower end alternatives
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Advantate - Blue and Red Ocean Strategy Orla.Fahy@ul.ie Class Discussion: Is a Blue Ocean strategy always superior to a Red Ocean Strategy? Why do companies get trapped in a Red Ocean? Icarus Paradox Red Queen Effect Blue Ocean Pioneering Costs: First Mover Advantage and Fast Followers/Late Movers Isomorphism Assignment 2 2 1 MG4037 Tutorial 3 Week 6 Competitive Advantate - Blue and Red Ocean Strategy Class Discussion: Is a Blue Ocean strategy always superior to a Red Ocean Strategy? 3
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International Journal Of Core Engineering & Management (IJCEM) Volume 1‚ Issue 8‚ November 2014 Comparison Between Ocean Strategies Prof.V.Raghu Raman Sr.Fculty IBRA College of Technlogy OMAN 44 ISSN: 2348 9510 International Journal Of Core Engineering & Management (IJCEM) Volume 1‚ Issue 8‚ November 2014 Abstract This paper aims to justify the arguments made concerning to different ocean strategies with regard to the marketing environment. In this paper the theories and articles of Kim & Mauborgne
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La Estrategia del Océano Azul Contenido Título del Libro: Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant Autor: W. Chan Kim y Renée Mauborgne Introducción. Pag 1 Fecha de Publicación: 3 de Febrero 2005 Editorial: Harvard Business School Press Nº Páginas: 256 Principios para desarrollar una estrategia de océano azul. Pag 2 ISBN: 1591396190 EL AUTOR: W. Chan Kim es actualmente profesor de Estrategia y Gestión Internacional en INSEAD‚ en Fontainebleau
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The impact of Blue Ocean Strategy In the earlier work (See Blue Ocean Strategy: how to create uncontested market ‚ 2005) it has been argued two types of strategies: blue ocean strategy and red ocean strategy. Red ocean strategists compete to win market share in traditional mature markets and pursue either a differentiation or cost leader strategy. On the other hand‚ Blue ocean strategists‚ create new environments‚ redefine products or services or the nature of competition‚ make competition irrelevant
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