Critique of blue ocean strategy by tru group inc strategy consultants ocean strategy, red or blue, belongs in the dead sea. Essay about blue ocean strategy 825 words bartleby. Green ocean strategy green ocean strategy is not about greening or saving the environment. Profitworks is a company built on the values of integrity, hard work, doing things better than they have ever been done before and the utmost. Blue ocean strategy is a marketing theory and the title of a book published in 2004 that was written by w. Danai chanchaochai, when i read the text of this inspirational and enlightened book i was reminded that it is indeed possible to be not only be entrepreneurial but also true to our inner beliefs. In this book summary of blue ocean strategy, well outline the key concepts, tools and tips from the book to help you create uncontested market space and make your competition totally irrelevant. We call it value innovation because instead of focusing on beating the competition, you focus on making the competition irrelevant by creating a leap in value for buyers and your company, thereby opening up new and uncontested market space. Introduction blue ocean strategy evolves to red ocean. Made by group d of the minor global trendwatching 2015.
The concept of ideal strategy is developed in business. How to create uncontested market space and make the competition irrelevant. The top 15 strategic management books startup grind. This international bestselling book sold more than a million copies in its first year of publication, and has. All in all, blue ocean strategy is a book worth reading. Matthew ellis business 109 section 22 10112015 professor jasso citation. Achieved via the delivery of features that have a highest marginal benefit to customer needs.
This area also includes materials on evaluating research sources. Blue ocean strategy is a systematic approach to finding innovative, cost efficient, value adding, productmarket matches. Parin is a blogger, writer, and consultant, from vancouver, bc. A landmark work that upends traditional thinking about strategy, this bestselling business book charts a bold new path to winning the future. This superb book revisits the ocean hillbrownsville crisisa. He is known as coauthor of the 2005 book blue ocean strategy. In this article you will learn how to make your competition irrelevant and have sales and profit. Ride the crest of the new wave in business leadership. Blue ocean strategy suggests that an organization should create new demand in an uncontested market space, or a blue ocean, rather than compete headtohead with other suppliers in an existing industry that is called red ocean. Chapter 1 summary this is the first chapter of blue ocean strategy. The strategy canvas provides a highly visual tool to help look at future options. Blue ocean strategy at france s insead business school 1468 words 6 pages. This blog article is a overview of some of the key points of the book by w. Chan kim and renee mauborgne, professors at insead.
Chan kim and renee mauborgne in the indie business book club. Chan kim and renee mauborgne in 2005 from harvard business school. This bibliography was generated on cite this for me on wednesday, april 19, 2017. You can discover how much you know about it, including why it was first considered confrontational, by using the quiz. Blue ocean strategy proposes that businesses can have more success by creating a blue ocean, rather than trying to compete in the red ocean the traditional market space that is filled. Instead of dividing up existingand often shrinkingdemand and benchmarking competitors, blue ocean strategy is about growing demand and breaking away from the. The concept of ideal strategy and its realization using. The crisis that the firings provoked became the most racially divisive moment in the city in more than a century, sparking three teachers strikes and increasingly angry confrontations between black and white new yorkers at bargaining tables, on picket lines, and in the streets. Tru group inc blue ocean strategy belongs in the dead sea. White ocean strategy has been selected as a supplementary book or integrated into management curricula in leading universities. Bringing business back to the path of happiness and sustainability by jointly creating white ocean enterprises, is the essential first step in changing a business battlefield into a field. Please use this display as a guideline and modify as needed.
In this paper we have generalized such strategies by developing a concept of ideal strategy and named it as white ocean strategy. You may or may not agree with the central philosophy, but you will be inspired. These owl resources will help you conduct research using primary source methods, such as interviews and observations, and secondary source methods, such as books, journals, and the internet. It is a dangerous bad book because it takes some thinking to figure out why it is bad, despite its success, and despite the fact that its key metaphor of blue ocean vs.
Chan kim and renee mauborgne has illustrated the best organizational strategy to generate growth and profits. A blue ocean strategy perforce represents a departure from the status quo, fair process is required to facilitate both strategy making and execution by mobilizing people for the voluntary cooperation needed to execute blue ocean strategy. 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. The book titled blue ocean strategy is not helpful to management dont buy it and if you already have it dump it. Chan kim born 1952 is a koreanborn business theorist, professors of strategy and management at insead, and codirector of the insead blue ocean strategy institute in fontainebleau, france. Value innovation is the cornerstone of blue ocean strategy. A powerful paradigm for sustainable success in a world where everyone can finally be a winner.
Red ocean strategy blue ocean strategy compete in exiting market space create uncontested market. Not surprising if you do not know about white ocean because it has been coined by thai businessman danai chanchaochai who associate in international business and wrote a book called white ocean strategy. Blue green red and purple ocean strategy slideshare. Chan kim and renee mauborgne, develops and explains how to beat the competition by reaching beyond it into new unexplored markets. Let henry mintzberg, bruce ahlstrand, and joseph lampel guide you on an enlightening and entertaining. Blue ocean strategy is about creativity and finding new markets that allow a company not to get involved inand bogged down byhyper competition, said w. The authors use the metaphor of the blue ocean as a direct contrast to red oceans. Automatic bibliography maker build a bibliography or works cited page the easy way my papers new. You cannot copy in full or in part any of our full text content and our original ed images without our prior consent. Discipline of strategy that concentrates on how to maximize both fixed, internal and human. Add citations directly into your paper, check for unintentional plagiarism and check for writing mistakes. Consequently, the name purple ocean strategy was initially adopted following the secondary colour generated by combining red and blue colours.
Download blue ocean strategy pdf including examples. They research for around over 20 years and sum up a theory of blue ocean. These owl resources will help you use the research you have conducted in your documents. Chan kim and renee mauborgne rank in the top 5 management gurus in the world in the thinkers50 list, a title they have held for ten straight years. How to create uncontested market space and make competition irrelevant, is a market space that is undeveloped, and untapped by competitors. Summary of the first four chapters of the international bestseller blue ocean strategy. Its authors, insead professors w chan kim and renee mauborgne, continued their steady progress up the thinkers50 list, finishing second to christensen this year. Research and citation resources purdue writing lab. 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 strategy can be found on amazon blue ocean strategy.
Value innovation strategy competes in an uncontested market space. We love to know how blue ocean strategy, blue ocean shift, and blue ocean leadership is applied around the world by other people and we monitor for blue ocean mentions so we will know if you do not abide by our rules. 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 notes matthew ellis business 109. Blue ocean strategy is a bad book, but it is not your usual bad book.
They represent businesses that may not be around today, or werent around until they came on to the scene. Blue ocean strategy is one of those books where no matter how much you try to summarize, theres always more you just wish you could have included. These citations may not conform precisely to your selected citation style. Grey4 ocean, grey ocean strategy book now that older people stay more youthful in spirit, the trick is in devising a marketing strategy for people who do not want to be seen as being older but who will, nevertheless, develop the need for products that enable them to. Essay on blue ocean strategy a marketing book 1053. While the book is aimed primarily at large, traditional businesses, our book club members managed to scale some of the advice to fit our needs. Blue ocean strategy is a book published in 2005 and written by w. Based on observation and focus group study we developed this concept and studied the conditions, characteristics and procedure. Furthermore the blue ocean strategy was awarded with. Even though, recently, white ocean has emerged in world business strategy. Blue ocean strategy is a business strategy book, first published on february 3, 2005 by the harvard business school press.
Red ocean is older and known including things such as competition, rules, and market dynamics. Blue ocean strategy the maturity of an industry has brought a company swimming in a red ocean, which means price war strategy, according to a bestseller book titled blue ocean strategy that is written by w. Blue ocean strategy including examples and pdf download. 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. Create your citations, reference lists and bibliographies automatically using the apa, mla, chicago, or harvard referencing styles. A blue ocean, as used in the title of this book and strategy, is basically uncharted territory in the business world.
763 582 1409 1203 724 1230 1484 1222 1032 538 1461 657 624 865 1240 778 1143 187 448 1099 1016 846 72 696 381 1344 1425 249 212 402 945 1272 1010 1347 691 98 562 1290 941 960 741 1002