Cover for Blue Ocean Strategy, Expanded Edition - How to Create Uncontested Market Space and Make the Competition Irrelevant

Blue Ocean Strategy, Expanded Edition - How to Create Uncontested Market Space and Make the Competition Irrelevant

W. Chan Kim, Renee Mauborgne

Summary

In a business environment where competition often feels like a zero-sum game, this work presents a transformative approach to strategy formulation. By challenging traditional competitive paradigms, the authors introduce a methodology for companies to transcend existing market boundaries and unlock new demand, thereby rendering competition irrelevant. This approach, known as the Blue Ocean Strategy, has redefined how organizations think about growth, innovation, and value creation.

  • Value Innovation as the Cornerstone: The strategy hinges on simultaneously pursuing differentiation and low cost, creating leaps in value for both the company and customers.
  • Red Oceans...

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