Blue Ocean Strategy Stephanie Copenhaver MKT/421 December 15‚ 2014 Fritz Beiermeister Blue Ocean Strategy What is Blue Ocean strategy and the importance of it? Blue Ocean Strategy is the creation of a new product that is not used in the market and there will be no competitors for this product. By having no competition in this market place it will help decrease the company’s costs but will give the company new customers so the value will go up. It is a theory that was created by INSEAD professors
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BU.450.710.52 – Tesla’s Blue Ocean Strategy – Page 1 TESLA: A BLUE OCEAN MARKETING STRATEGY Matthew Gazda‚ Vanessa Granville‚ and Ryan Schupp Marketing Strategy BU.450.710.52 Johns Hopkins University May 8‚ 2014 BU.450.710.52 – Tesla’s Blue Ocean Strategy – Page 2 Executive Summary Tesla is an innovative electric car manufacturer that intends to overturn the current gaspowered vehicle industry. CEO Elon Musk has masterminded a product that will compete
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Outline the main components of Kim and Mauborgne’s (2004) concept of ‘Blue Ocean Strategy’. Critically assess the strengths and limitations of this approach to pursuing competitive advantage. Use relevant examples to support your argument. Introduction In the contemporary hostile business environment‚ innovation has become part of any company’s paramount strategy for continuous survival. Nokia‚ despite being the world’s largest mobile phone manufacturer having a large customer base‚ realized how
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Blue Ocean Strategy Paper Julian Nicholson MKT/421 January 15‚ 2015 Terry Dunning Blue Ocean Strategy Paper Blue Ocean Strategy Pertinence 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
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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. In the assignment we will try to analyze the success of Yes Bank through the framework of Blue Ocean Strategy 1. Value Innovation: Value innovation is the simultaneous pursuit of differentiation and low cost. Yes Bank‚ which started in 2004 without any institutional‚ has a formidable task
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companies who only focus on operational effectiveness‚ also strategy is worthless without another important element. Strategy will and must be followed by a constant strategy positioning and implementing in order to reach success. Question two: Blue Ocean Strategy is basically re-defining the meaning of an” Industry”‚ thus creating something new‚ making competition irrelevant. Rather than finding ways to compete with companies that are already established in the market‚ you seek to find consumers
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Wikipedia: A Blue Ocean Strategy Section A: Group 4 Analysis of Wikipedia‚ as a Blue Ocean Strategy Wikipedia‚ the collaboratively edited free internet encyclopaedia is a household name. Launched in 2001 by Jimmy Wales and Larry Sanger‚ it has now grown to be the seventh most visited website with approximately 365 million users worldwide. How is it that the small encyclopaedia market grew more than a hundred times in the space of 8-10 years and changed its orientation in such a path breaking
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School of Business and Law MODULE TITLE: Strategic Management PROGRAMME: MBA SEMESTER: Semester Two ACADEMIC YEAR PERIOD: August-November‚ 2012 LECTURER SETTING ASSESSMENT: - Mervyn Sookun (Module Leader) DATE ASSESSMENT SET AND LOADED ON TO STUDENT PORTAL:- 8 August 2012 DATE ASSESSMENT TO BE COMPLETED AND SUBMITTTED: • Group presentation will be held during the exam period: 29 October-9 November 2012. (You will be advised of precise date and venue) --------
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Literature Review Most of the companies must have a strategy for competing in the markets in which they offer products or services. The strategy will either be implicit or explicit‚ and the extent to which a company is successful compared with its competitors relies on the creation of competitive advantage through the activities that it performs to design‚ market‚ deliver and support its product or service. They develop strategy at an overall company level‚ within customer sectors and for regions
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Tools and Techniques: Effective Decision-Making Organizations undergo the rigors of decision-making dilemmas nearly every day. Within these organizations‚ managers are expected to contribute their decision-making knowledge and skills to the process. Some organizations succeed and some fail in their decision-making attempts due to lack of quantitative and qualitative participation in the decision-making process. For an organization‚ having the necessary tools and techniques for decision-making
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