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In the mid-2000s, strategists around the globe bandied about the terms “blue
ocean” and “red ocean” to describe their market position. The international
bestseller Blue Ocean Strategy by W. Chan Kim and Renée Mauborgne
became required reading for business students and practitioners in every
industry. The authors’ breakthrough observation was that while most
companies drown in overpopulated red oceans teeming with cutthroat
competition, they should seek calmer blue oceans, the unexplored waters of
unlimited market potential.
The authors are business consultants and professors, and their writing
reflects their academic bent. Their thorough case studies of companies that
have undergone a blue ocean transformation, such as citizenM Hotels,
Groupe SEB and Comic Relief, provide a broad, accessible understanding of
the blue ocean mind-set, tools and humanistic process.