Author
Renée Mauborgne
6 key ideas, each explained in our own words.
Blue Ocean Strategy
- IDEA 1
Red oceans versus blue oceans
Crowded markets are red oceans where rivals fight over shrinking profit. Blue oceans are new market spaces where competition is irrelevant.
- IDEA 2
Value innovation
Create a leap in value for buyers while lowering costs, rather than trading one off against the other.
- IDEA 3
The four actions
Ask which factors to eliminate, reduce, raise and create compared with industry norms.
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