This case study discusses the concept of "Blue Ocean Strategy" which involves creating new market spaces with no competitors rather than competing in existing markets or "Red Oceans". It notes that traditional strategic views focus on outperforming rivals within known industry boundaries, while blue ocean strategy creates new industries by making existing competition irrelevant through strategic innovation. Blue oceans represent all industries not yet in existence with undefined rules and no current competition.
This case study discusses the concept of "Blue Ocean Strategy" which involves creating new market spaces with no competitors rather than competing in existing markets or "Red Oceans". It notes that traditional strategic views focus on outperforming rivals within known industry boundaries, while blue ocean strategy creates new industries by making existing competition irrelevant through strategic innovation. Blue oceans represent all industries not yet in existence with undefined rules and no current competition.
This case study discusses the concept of "Blue Ocean Strategy" which involves creating new market spaces with no competitors rather than competing in existing markets or "Red Oceans". It notes that traditional strategic views focus on outperforming rivals within known industry boundaries, while blue ocean strategy creates new industries by making existing competition irrelevant through strategic innovation. Blue oceans represent all industries not yet in existence with undefined rules and no current competition.
conditions) shapes conduct which determines end performance. ● People focus strategies on competition hence ignoring a more lucrative aspect of strategy. ● BLUE OCEANS >> not competing but making the competition irrelevant by creating a new market space where there are no competitors.
Blue Oceans
RED OCEANS BLUE OCEANS
Red ocean: all industries in existence Blue oceans: all industries not in existence today.The known marketplace. today. The unknown market space.
- Industry boundaries defined and accepted. - Created beyond existing industry
- Competitive rules known > outperform boundaries. rivals to increase penetration. - Competition is irrelevant - rules are yet to - “cutthroat competition”. be set.