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

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Harvard Business Review Press, Jan 20, 2015 - Business & Economics - 256 pages
18 Reviews
The global phenomenon that has sold 3.5 million copies, is published in a record-breaking 43 languages and is a bestseller across five continents—now updated and expanded with new content. This global bestseller, embraced by organizations and industries worldwide, challenges everything you thought you knew about the requirements for strategic success. Now updated with fresh content from the authors, Blue Ocean Strategy argues 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.

Blue Ocean Strategy presents a systematic approach to making the competition irrelevant and outlines principles and tools any organization can use to create and capture their own blue oceans. This expanded edition includes:

• A new preface by the authors: Help! My Ocean Is Turning Red
• Updates on all cases and examples in the book, bringing their stories up to the present time
• Two new chapters and an expanded third one—Alignment, Renewal, and Red Ocean Traps—that address the most pressing questions readers have asked over the past 10 years

A landmark work that upends traditional thinking about strategy, this bestselling book charts a bold new path to winning the future. Consider this your guide to creating uncontested market space—and making the competition irrelevant.

To learn more about the power of blue ocean strategy, visit blueoceanstrategy.com. There you’ll find all the resources you need—from ideas in practice and cases from government and private industry, to teaching materials, mobile apps, real-time updates, and tips and tools to help you make your blue ocean journey a success.
 

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LibraryThing Review

User Review  - kushal.gupta - LibraryThing

Although controversies surround this book for being descriptive instead of prescriptive, it provides some good frameworks to start brainstorming, lay a basic foundation & avoid the overlooking of ... Read full review

LibraryThing Review

User Review  - buildingabookshelf - LibraryThing

Blue Ocean Strategy really opened my eyes to a new way of looking at strategy. Although each of the companies highlighted in the book were not new information for me, I had never thought about what ... Read full review

Contents

Creating Blue Oceans
3
Analytical Tools and Frameworks
25
Formulating Blue Ocean Strategy
47
Reconstruct Market Boundaries
49
Focus on the Big Picture Not the Numbers
83
Reach Beyond Existing Demand
103
Get the Strategic Sequence Right
117
Executing Blue Ocean Strategy
145
Renew Blue Oceans
203
Avoid Red Ocean Traps
215
A Sketch of the Historical Pattern of Blue Ocean Creation
225
Value Innovation
245
The Market Dynamics of Value Innovation
249
Notes
253
Bibliography
263
Index
271

Overcome Key Organizational Hurdles
147
Build Execution into Strategy
171
Align Value Profit and People Propositions
189
About the Authors
285
Copyright

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About the author (2015)

W. Chan Kim and Renée Mauborgne are Professors of Strategy at INSEAD and Co-Directors of the INSEAD Blue Ocean Strategy Institute. They are the authors of Blue Ocean Strategy, which has sold over 3.5 million copies, is being published in a record-breaking 43 languages, and is a bestseller across five continents. They are ranked No. 2 in The Thinkers50 listing of the World’s Top Management Gurus and are the recipients of numerous academic and management awards including the Nobel Colloquia Prize for Leadership on Business and Economic Thinking, the Carl S. Sloane Award by the Association of Management Consulting Firms, the Leadership Hall of Fame by Fast Company, and the Eldridge Haynes Prize by the Academy of International Business among others. Kim is an advisor to several countries and Mauborgne is a member of President Barack Obama’s Board of Advisors on education.

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