Ocean Strategy offers users a framework for creating uncontested market space and change the focus from the current competition to creation of innovative value and demand. The theoretical analysis reviews the core basics of the Blue Ocean Strategy‚ distinguishing between red and blue oceans. Here the focus lies on the opinion of the authors‚ the Blue Ocean Strategy tools used‚ the awakening method and exploration on the theory. In the practical part of the research the Blue Ocean Strategy is tested
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multiple choice questions: 1. As per class slides‚ strategy is generally made using a time frame of years (a) 1 year (b) 2 years (c) 3-5 years (d) Depends on industry 2. The three fundamental questions of strategy are (i) what is the plan (ii) who should make the plan (iii) how much time and resources should be devoted to planning (iv) all of the above (v) none of the above 3. A company’s strategy is a blend of planned initiatives and emergent adjustments
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Chipotle Mexican Grill (CMG) was founded in 1993 by one of the visionary called Steven Ells. The vision was not born in his heart in one night‚ but rather he had planned to work in the restaurant while he was in college. Before he owned his first small restaurant called “taco shop” in Denver‚ he was hired and worked for two years as sous chef in one of the restaurant which is located in San Francisco. His goal was to reinvent Mexican food all over the country and feed healthy organic foods to the
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|UH | |[British Home Stores: Current Strategies] | |[Business Strategy] | |[module code:3bus0336]
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Real-world Business Analysis: Blue Ocean Strategy Tools Analysis Paper MMBA-6570 Business Strategy for a Competitive Advantage Dr. Schulz Stephenie Wegmann April 15‚ 2013 Introduction The purpose of the blue ocean strategy is to focus on making the business itself better without focusing on the competition. Kim and Mauborgne (2005) state that “blue ocean strategy challenges companies to break out of the red ocean of bloody competition by creating uncontested market space that makes the
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Blue Ocean Strategy : Ipad and Kindle Fire This analyzes why Ipad and Kindle Fire are Blue Ocean products as oppose to Red Ocean products. Apple achieved a value innovation with Ipad‚ which led to the creation of a new market space. Apple drew the boundaries of the space by educating the customers on its usability. Amazon with its recently launched Kindle Fire targeted non-Ipad users and defined its own space by designing Kindle Fire as a media consumption device with salient features empowered
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avoided due to most activities being transacted in the US‚ it is still a consideration that must be made (Chipotle Annual Reports‚ 2015). The lack of success that Chipotle has experienced in the UK is a red flag for our investment in Greece. Although the state of the economy in the UK is better than Greece‚ they are still having a hard time paying more than £5 for a lunch item (Wong‚ 2015). Chipotle also focuses on hiring passionate individuals who exhibit leadership skills and high standards. The managers
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Organization Structure Chipotle has an organization structure where they work and make decisions using a board of directors. The members who composed the board of directors is chosen primarily by shareholder‚ it is the board responsibility to select the Chief Executive officer who is largely in charge managing the company’s business. The primary responsibility of the board is to defining and enforcing standard of accountability which allows management to execute their responsibility to the best
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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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