Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant
The global phenomenon, embraced by business worldwide and now published in more than 40 languages.
This international bestseller challenges everything you thought you knew about the requirements for strategic success.
Since the dawn of the industrial age, companies have engaged in head-to-head competition in search of sustained, profitable growth. They have fought for competitive advantage, battled over market share, and struggled for differentiation. Yet, as this influential and immensely popular book shows, these hallmarks of competitive strategy are not the way to create profitable growth in the future.
In the international bestseller Blue Ocean Strategy, W. Chan Kim and Renee Mauborgne argue that cutthroat competition results in nothing but a bloody red ocean of rivals fighting over a shrinking profit pool. Based on a study of 150 strategic moves (spanning more than 100 years across 30 industries), the authors argue that lasting success comes not from battling competitors, but from creating "blue oceans"—untapped new market spaces ripe for growth. Such strategic moves, which the authors call “value innovation,” create powerful leaps in value that often render rivals obsolete for more than a decade.
Blue Ocean Strategy presents a systematic approach to making the competition irrelevant and outlines principles and tools any company can use to create and capture their own blue oceans. A landmark work that upends traditional thinking about strategy, this bestselling business book charts a bold new path to winning the future.
Published by Harvard Business Review Press.
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Review: Blue Ocean Strategy: How To Create Uncontested Market Space And Make The Competition IrrelevantUser Review - Shweta Nigam - Goodreads
This well-written book seems like common sense however it is an eye-opener for less sophisticated colleagues who doesn't know much about competitive advantage. It arguments how contested markets ("red ... Read full review
Review: Blue Ocean Strategy: How To Create Uncontested Market Space And Make The Competition IrrelevantUser Review - Jonathan Jeckell - Goodreads
The model they describe sounds very appealing and feasible, although it's not as mathematically or rigorously researched as, say, Clay Christensen's "Innovator's Dilemma." They provide numerous ... Read full review
Creating Blue Oceans
Analytical Tools and Frameworks
Formulating Blue Ocean Strategy
Reconstruct Market Boundaries
Focus on the Big Picture Not the Numbers
Reach Beyond Existing Demand
Get the Strategic Sequence Right
Executing Blue Ocean Strategy
Overcome Key Organizational Hurdles
Build Execution into Strategy