This study focuses on kim and mauborgne four action framework tool of blue ocean strategy implemented by indian companies in the last two. Chapter 1 summary this is the first chapter of blue ocean strategy. Implementing the blue ocean strategy is, simply put, a gargantuan task. Blue ocean strategy is an outofbox kind of breakthrough book that gives its readers a new way of understanding the framework organization that has an assignment to identify and implement different blue ocean strategies in various industries. Beyond competing proven steps to inspire confidence and seize new growth, is published this week by hachette. The misconception that blue ocean strategy is a lowcost strategy that focuses on low pricing. But its not always clear how to create a blue ocean strategy for yourself.
Blue ocean strategy is a powerful framework for finding new business opportunities. The belief that blue ocean strategy is the same as innovation. Instead of dividing up existingand often shrinkingdemand and benchmarking competitors, blue ocean strategy is about growing demand and breaking. Blue ocean strategy displays an orderly way to deal with making the challenge unessential and traces standards and instruments any organization can use to make and catch their blue seas. It is a coalition dedicated to helping organizations bridge the gap between strategy design and strategy delivery. Lets revisit the six steps of the blue ocean strategy from a process pointofview.
Blue ocean strategy is a book published in 2005 and written by w. Based on a study of 150 strategic moves spanning more than 100 years and 30 industries, blue ocean strategy addresses this question and provides a systematic approach to drafting and implementing your own blue ocean strategy. Chan kim and renee mauborgne changed the field of strategy and the language of business with their pathbreaking blue ocean strategy, a model for creating uncontested markets that unlock new demand and new opportunities for growth. The 6 steps of the blue ocean strategy from a process. Named a best book of 2017 by amazon winner of the best leadership and strategy book of 2017 by 800ceoread kim and mauborgne have followed one blockbuster book with another.
The insead blue ocean strategy institute is dedicated to extending the research on blue ocean shift, blue ocean strategy, and blue ocean leadership by chan kim and renee mauborgne and disseminating it to professors, researchers and practitioners around the globe. In this summary, well give a synopsis of the key concepts, tools and tips from the book. Blue ocean strategy is quickly reaching must read status among smart business readers. They assert that these strategic moves create a leap in value for the company, its buyers, and its employees while unlocking new demand and making the competition irrelevant. Blue ocean shift takes the groundbreaking principles of their original work and offers a smart, systematic plan to help any organization move from competing in existing markets to creating new markets altogether. Achieved via the delivery of features that have a highest marginal benefit to customer needs. Blue ocean strategy challenges companies to break out of the red ocean of bloody competition by creating uncontested market space that makes the competition irrelevant. To help you do this, we introduce the pioneermigratorsettler map.
Blue ocean strategy chapter 6 get the strategic sequence right netflix in this chapter, professor w. Blue ocean strategy, the global phenomenon that has sold over 4 million copies and is recognized as one of the most iconic and impactful strategy books ever written, argues that cutthroat competition results in nothing but a bloody red ocean of rivals fighting over a shrinking profit pool. Top 5 strategy development tools free ebook in pdf format. Red ocean vs blue ocean strategies iasonas lainos administrator. It is being published in a recordbreaking 44 languages and is a bestseller across five continents.
Blue ocean strategy could be a way out of the crisis and a way to achieve economical and social benefit. Proven steps to inspire confidence and seize new growth w. In this article you will learn how to make your competition irrelevant and have sales and profit growth in excess of anything you thought was even possible. The value of having a blue ocean strategy is better understood when compared to a red ocean strategy. Tell us what titles or genres youve enjoyed in the past, and well give you surprisingly insightful recommendations. This framework addresses not only the analytic aspects behind the creation of blue ocean strategy but also the allimportant human aspects of how to bring an organization and its people on this journey with a willingness to execute these ideas in. A blue ocean, as used in the title of this book and strategy, is basically uncharted territory in the business world. Blue ocean shift is a continuation of the blue ocean strategy. This will help you target the area where you have the most to gain. Pdf harvard business school press blue ocean strategy. How to create uncontested market space and make the competition irrelevant pdf by w. Plotting your buyer utility map amazon web services.
Working with our partners at thinkers50 we have created email protected it showcases some of the very best thinkers in the field of strategy and beyond. The premise of the book is that companies can succeed by creating. Red ocean strategy blue ocean strategy compete in exiting market space create uncontested market. But many companies have done their homework and succeeded thanks to this strategy. They research for around over 20 years and sum up a theory of blue ocean. The book offers 6 paths to find new blue ocean opportunities outside your immediate industry. Companies should instead look for new market space and ways to reinvent the industry. Pdf blue ocean strategy download full pdf book download. The belief that to create a blue ocean, you must be first to market. The book offers a five step process for systematically reproducing such strategic triumphs, and shows how a blue ocean initiative can be successfully launched in. A landmark work that upends traditional thinking about strategy, this bestselling business book charts a bold new path to winning the future. Furthermore the blue ocean strategy was awarded with. They are the authors of blue ocean strategy, which has sold over 3.
We hope that it acts as a catalyst for readers to get things done. Overall, good book and i would recommend for other looking for a way to differentiate their services from their competitions. The blue ocean strategy book has been sold over 3,5 million times, was published in 43 languages and is a bestseller across five continents. Blue ocean studio you can access a free trial here. In the blue ocean strategy, you must offer your customers a value innovation i. Blue ocean strategy formulation the four principles of strategy formation this blog article is a summary of the book by w. Extracting the key insights from the six paths market exploration.
Chan kim and renee mauborgne in 2005 from harvard business school. While the first book covered the what and why of the strategy namely creating a blue ocean where competition doesnt exist and creating a product or service that serves the blue ocean instead of competing to the bottom with a red ocean. To be able to do that, you have to look at your process innovation from a new perspective. Whether you access your books via your computer, tablet, iphone or android smartphone, or electronic reading device online or offline, wherever you go, your books will be there. In this article you will learn how to make your competition irrelevant and have sales and profit. In 2005 they published blue ocean strategy, one of the most impactful strategy books every written. The 6 steps of the blue ocean strategy from a process perspective published on february 24, 2015 february 24, 2015 14 likes 0 comments janne ohtonen, phd, ccxp follow. Based on an eponymously titled book, this strategy argues that cutthroat competition results in nothing but a bloody red ocean of rivals fighting over a shrinking profit pool. Select the right scope for your blue ocean initiative and build your peoples confidence. Chan kim build up the regulations which can robust the business model to ensure that a healthy profit on blue ocean market space. The misconception that blue ocean strategy and differentiation strategy are synonymous. 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. Blue ocean strategy pdf blue ocean strategy blue ocean strategy 2004 five keys to blue ocean strategy book summary blue ocean strategy blue ocean strategy expanded edition blue ocean strategy book by w. The first step to creating blue ocean strategy is to find new ideas and redefine markets as theyre commonly understood.
My thought is that the blue ocean strategy is like the hedgehog concept from jim collins book good to great but gives a great tool strategy map to help determine exactly how to establish your strategy. Now, 12 years later, the authors offer an exciting new book that synthesizes their experience in assisting with the implementation of blue ocean strategy. Blue ocean idea index the blue ocean idea index is a simple but robust test demonstrating how the sequence of utility, price, cost, and adoption form an integral whole to ensure commercial success through blue ocean strategy. The authors that penned one of the most popular business books of recent times blue ocean strategy are back on bookshelves with blue ocean shift. Five steps to making a blue ocean shift blue ocean shift. The collection you need to create more blue oceans. Blue ocean strategy, also referred to as blue ocean shift, is a marketing strategy where there is a single firm selling a differentiated product or there can be very few firms selling products that are differentiated in the market.
Blue ocean strategy including examples and pdf download. With the launch of itunes, apple unlocked a blue ocean of new market space in digital music that it has now dominated for more than a decade. Blue ocean strategy powerpoint templates present better. Blue ocean strategy formulation the four principles of.