This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Tool #5 - Red Ocean/BlueOceanStrategy This week, let’s understand how companies position themselves in the marketplace to succeed - The Red Ocean/BlueOceanStrategy. History: Red Ocean/BlueOcean is a strategy developed by W. Be the Big Fish in the pond.
In contrast, nondisruptive innovation is “achieved without disrupting a preexisting market and its associated companies and jobs.” In Beyond Disruption: Innovate and Achieve Growth without Displacing Industries , BlueOceanStrategy authors W. Look beyond the existing market and environment.
When I picked up BlueOceanStrategy by W. Chan Kim and Renée Mauborgne, I thought it was going to be all about what the title suggests – developing successful business strategies, (possibly with some kind of nautical theme). It was about strategy. It’s a good book about strategy. Want to drive change?
From blueoceanstrategy to Michael Porter’s five forces, Vijay Govindarajan’s reverse innovation to Richard D’Aveni’s hypercompetition, great thinkers and their ideas directly effect how companies are run and how business people think about and practice business.
So, this week I presented my synopsis on the terrific book BlueOceanStrategy: How to Create Uncontested Market Space and Make Competition Irrelevant by W. Chan Kim and Renee Mauborgne. The group was the entire team at a growing firm, one that is vibrant, alive, energetic… The kind of place people like to show [.].
How to assess the size of the market potential and how to scope the opportunity so it becomes practically and emotionally feasible to act on. Chan Kim and Renée Mauborgne are professors of strategy at INSEAD and co-directors of the INSEAD BlueOceanStrategy Institute in Fontainebleau, France.
My health hint for the day is to smile. This is not natural for me so need to work on it. Googles use of the DART cookie enables it to serve ads to users based on their visit to this sites and other sites on the Internet.
Peter Thiel, Zero to One ————— A couple of years ago, I presented my synopsis of the book BlueOceanStrategy to an energetic team at an in-demand marketing firm. As a founder, your first job is to get the first things right, because you cannot build a great company on a flawed foundation.
There’s a lot out there written about strategy (we’re planning on upcoming series demystifying it). One of the more popular ideas is BlueOceanStrategy. This video, while a little off-topic, summarizes the reaction and success of the BlueOceanStrategy quite succinctly.
Chan Kim and Renée Mauborgne published their hugely influential book BlueOceanStrategy, in which they popularize the concept of seeking unknown market spaces that are untainted by competition. “They are more likely to encourage management to implement these strategies, ” the researchers say.
Global firms have employed blueoceanstrategies to cater their services and offerings to the BoP (Bottom of Pyramid). The BoP markets are a hotbed for innovation and companies that are able to mold their business models to fit within this paradigm can truly alter traditional business models.
These are: Customer Segments – An organization serves one or several customer segments. Process : This business model design has 5 phases; Mobilize, Understand, Design, Implement and Manage. This final chapter puts it all together. I really enjoyed this book.
Capturing New Markets: How Smart Companies Create Opportunities Others Don’t Stephen Wunker McGraw-Hill (2011) How to locate, penetrate, and dominate in new markets or in new customer segments Opinions are divided (sometimes sharply divided) about where and how to generate new revenue sources when competing in a global economy such as the current one, (..)
Capturing New Markets: How Smart Companies Create Opportunities Others Don’t Stephen Wunker McGraw-Hill (2011) How to locate, penetrate, and dominate in new markets or in new customer segments Opinions are divided (sometimes sharply divided) about where and how to generate new revenue sources when competing in a global economy such as the current one, (..)
By that time, the financial crisis was going full throttle, although things had been relatively calm in our market. Look For Dead Sea Markets. Chan Kim and Renée Mauborgne popularized the notion of a BlueOceanStrategy , which focuses on new markets, rather than fighting it out in a “red ocean” filled with rabid competition.
Non-disruptive The pair, who made their name with their bestselling book BlueOceanStrategy, chart a similar path. Disruptive innovation is far more commonly understood and involves creating a new market within existing industry boundaries. This helps to bridge the gap between economic and social good.
What’s more, the digital age has further highlighted the importance of getting timing right, because many markets have quickly transitioned from local to global, winner-takes-most markets. In these markets, the couple of companies that are first to scale , reap nearly all of the rewards. Late follower strategies.
As the ultimate outputs of an organization’s activities are value for the buyer and revenue for itself and its inputs are the costs to produce them and the people to deliver them, the three strategy propositions of buyer value, profit (revenue minus costs), and people capture the essence of what an organization’s activity system does.
Many successful innovations work because they create a new market. Chan Kim and Renée Mauborgne of INSEAD have written a whole book about BlueOceanStrategy as they call it, in which successful companies innovate their value propositions to attract customers who have never engaged with their type of product or service before.
Apart from using PPC (pay-per-click) and CPE (cost-per-engagement) based advertisements to jump-start adoption, we have engaged some experts to work on social media marketing. We will pursue a global channel strategy after we complete our I18N project. In the interim we might also look at piloting an Affiliate MarketingStrategy.
In The Innovator's Dilemma , he looked at why companies struggle to deal with radical innovation in their markets. Kim and Renée Maubourgne, the authors of BlueOceanStrategy , have influenced companies, not-for-profits and national governments around the world. The ideas of INSEAD professors Chan W.
With this information we designed a value proposition together, using the BlueOceanStrategy canvas approach , on which value propositions can be compared in terms of their features. Innovation Strategy'
. “Admittedly, it’s a niche market.” “I’m loving this blueoceanstrategy.” ” Crowden Satz. “We’ve updated the company manual.” ” Bob Vojtko. And congratulations to our July–August caption contest winner, Lance Kelly of Manchester, Connecticut.
The Explainer: BlueOceanStrategy. Does the approach fit with the demands of your market and firm? You are setting yourself up for a long, stressful journey. Even worse, if you eventually reach your destination, you may not realize that you’re in the right place. Related Video. Make the competition irrelevant.
Chan Kim and Renée Mauborgne popularized the notion of a blueoceanstrategy , which focuses on new markets, rather than fighting it out in “red oceans” filled with rabid competition. None of these ideas are necessarily bad, but they fail to address the shifting economics of retail.
Or actually, maybe strategy is really about finding blueoceans — markets that come into existence as a company defines them. But you have to think that, to really stay on top, Apple needs to find more blueoceans to conquer. I'd like to see a strategy professor do that.
Over the last fifteen years Apple has made a series of successful market-creating—or blueocean—moves (think the iMac, iPod, iTunes, the iPhone, the App Store, and the iPad). That is, incremental improvements in existing market space, like a pasta company introducing a new line of gluten-free pasta.
“In all cities and markets and in the countryside,” the Reinheitsgebot reads, “only barley, hops, and water may be used for brewing beer.” But experts think the law was really about protecting markets, not consumers. Business experts look at what we did and say that Dogfish Head followed a blueoceanstrategy.
Rapidly responding to ever-evolving competitive and market changes (perhaps a reference to Rita McGrath and Ian McMillan’s 1995 article on innovation strategy “Discovery Driven Planning” ). A tour de force by any measure, “What Is Strategy?” ” is certainly required reading for all strategists.
Renee Mauborgne - Co-author of BlueOceanStrategy , Renee offered great insights on creating demand, most particularly on creating consumer demand where little or none previously existed. My favorite quote from Martin was: “ great brands are emotional bookmarks.&#
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content