Preview

Blue Ocean Strategy Review

Powerful Essays
Open Document
Open Document
1936 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Blue Ocean Strategy Review
Blue Ocean Strategy
Book Review
By
Sah Rizal bin Salleh

The Authors wrote this book in such a unique way and tremendous, a direct challenge and oppose of the well-known “Red Ocean Strategy”. To make it clear and justifying my true insight about this book, I’ll explain a piece of Red before we go deep into the Blue Ocean. Red is basically one would say as a “Standard Operating Method” of people getting into each other, everyone is eager in their own way to succeed, getting the better half of the pie thus creating a blood bath in the process.
Blue, on the other hand, look for a niche and even smaller pie of the pie, which means you’d need great eyes to spot and make the differences. The best thing is, it out the simplest possibility of new entrant no matter how tempting their product and services are, luck didn’t even had the chance.
Most books might be view as “Think of an original idea, don’t copy what’s been done” but Blue Ocean Strategy would get you wrong on that assumption. Others might urge you to think, think, and continuously thinking, but Blue itself shapes you into rethinking. Radical rethinking on how the company being structured, ways they are run, and get better on relationship which most have failed to foresee for the past 20 years.
To think of it, what’s most valuable is that, you don’t have to Einstein to come out with an idea or what, just rethink of a better way. The Cirque du Soleil does not invent the circus, it just somehow reinvent it and turn it to life, an industry.
The beauty of Blue, it does not ignore on the obvious part that Red Ocean is there, a reality of success, but if you could get a head start, sail through calm water before the storm, others might find it real hard to catch up or even survive the harsh weather.
Getting on every detail, the cornerstone of the Blue Ocean Strategy, Value Innovation. Practically, it suggests an idea that, rather than concentrating on beating your opponent, be smart, prioritize on making

You May Also Find These Documents Helpful

  • Good Essays

    Blue Ocean Strategy

    • 749 Words
    • 3 Pages

    Kim, W.C. & Mauborgne, R. (2004). Blue ocean strategy. Harvard Business Review. Retrieved from http://hbr.org/2004/10/blue-ocean-strategy/ar/1…

    • 749 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Blue Ocean Strategy Paper

    • 980 Words
    • 4 Pages

    The blue ocean favors those who conceive a departure from paradigms. In order to obtain limitless and uncontested market shares, an entity traditionally has done so through differentiation and/or low cost. In doing so, the result is not to outperform competition, but rather, render competition irrelevant. The ability to corner a market and isolate oneself amongst its vastness is executed through means that redefine the terms of current competition within an established industry. Sure, ingenuity and crafting a new mode of production can lead to untapped market shares, but…

    • 980 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Giribala

    • 2818 Words
    • 12 Pages

    However, Blue Ocean Strategy does not encourage companies to behave monopolistically, as it will hurt them in longer term. Instead, companies must price their service/product strategically, to win a mass of buyers, which results in a win-win situation for the buyers (value proposition), for the company (profit proposition) and for the employees (people proposition).…

    • 2818 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    strategy marketing

    • 1254 Words
    • 4 Pages

    Blue ocean strategy, as a business method, is about company creating a new market or industry where there is no competitor. Companies play not by traditional rules, never use the competition as a benchmark. They could ether create greater value for customers at a higher cost or create reasonable value at a lower cost. Thus, the name of the program – find a blue ocean, a new ocean to swim in.…

    • 1254 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Blue Ocean Strategy

    • 814 Words
    • 3 Pages

    The Blue Ocean Strategy is like a unique business, a blue fish, in the picture below, offering a product or service that has particular characteristics different from all the rest of the…

    • 814 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Blue Ocean Strategy is slang for the uncontested, innovative market space for an unknown industry. The strategy also changes the focus from the current competition to creating a new value and demand. Professors W. Chan Kim and Renee Mauborgne wrote the Blue Ocean strategy concept in their book ,”How To Create Uncontested Market Space and Make the Competition Irrelevant”. The Blue Ocean Strategy (BOS) concept represents potential market growth and profits. Within the BOS, there lies six main principles to guide the…

    • 701 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Blue ocean strategy is important because it avoids costly competition and leaves the company to expand without worrying about other firms operating in their space. The first key to blue ocean strategy is focusing on noncustomers. Instead, companies should focus on creating a larger industry by attracting people who have never purchased from that industry. By doing this, not only are you creating a larger industry, but you are opening new pathways to new customers who will refer your product or service to even more new customers. After you have attracted new customers, it is time to move away from existing markets where all of the customers are doing business with either you or the competition to uncontested…

    • 886 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Blue Ocean Strategy is a concept in which authors W. Chan Kim and Renee Mauborgne devised. They then wrote a bestselling book called you guessed it, Blue Ocean Strategy. In this book the authors expound upon at great length, the benefits for business owners to leave the red ocean. Red Ocean is a term used for what is known as the waters of competition where the fury of competition mirrors that of waters infested with sharks on a feeding frenzy. This is historically where the vast majority of businesses have found themselves. However in direct contrast the Blue Ocean Strategy…

    • 628 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Blue Ocean Strategy

    • 1658 Words
    • 7 Pages

    From the researcher‘s point of view, the biggest benefit from the book is how to use the Blue Ocean strategy to analyze real case, in other words, how to control the process of 1.Select Blue Ocean; 2. Make strategy canvas; 3. Key actions.…

    • 1658 Words
    • 7 Pages
    Better Essays
  • Good Essays

    (Citation: W. Chan Kim & Renee Mauborgne (October 2004). Blue Ocean Strategy. Harvard Business Review. P 76-84)…

    • 495 Words
    • 2 Pages
    Good Essays
  • Better Essays

    The Blue Ocean Strategy focuses on the three industries that closely touch people’s lives. Areas they looked at were Autos, Computers and Movie and what companies within those fields are doing to managing sustainable profit and growth through the test of time. The creation of a blue ocean strategy places its focus on strategic moves to place their brand in position long past its rise to fame. Rather than focusing on creating a company and battling your competitor’s blue ocean strategy gears to forecasting innovations and products to make oceans of uncontested market space. (W. Kim, 2004) A product strategy…

    • 1376 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Netflix Strategic Analysis

    • 2241 Words
    • 9 Pages

    References: (1) W. Chan Kim and Renée Mauborgne, “Blue Ocean Strategy: From Theory to Practice” California Review Management, 2005.…

    • 2241 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    The blue ocean strategy in marketing is an approach to building a customer base looks to build an entirely new market segment that does not currently exist with other firms. Perfect competition consists of a myriad of competitors in the same industry that are fighting with each other over their slice of the market by offering similar products or substitute products for innovations that already exists. A “red ocean” describes a marketplace where firms are rigorously competing with each other simply to gain a greater percentage of consumers within the existing marketplace. The Blue Ocean Strategy argues that innovative companies will advance, not by battling competitors, but by strategically creating…

    • 993 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Blue Ocean Strategy

    • 291 Words
    • 2 Pages

    Introduction As from the industrial revolution in England in 1760 until now, the companies always must compete strongly in order to maintain a stable growth rate in their business and affirm their position in the market. However, the normal methods and the traditional ways of strategic thinking, which only focus on how can take full advantage of the positive and unique aspects and how can find a comparative advantage over competitors, make a competition in the traditional market become more difficult than ever. In recent years, when the global competitiveness is becoming more violently and complexly and the market is not only to widen, but also to shorten simultaneously, the fact requires the companies to discover a new competitive strategy in order to survival and develop. If Red Ocean is the term used to call the traditional market, Blue Ocean is a new term which implies the market spaces that companies need to exploit to become a winner in the market. What are the differences between Red Ocean and Blue Ocean which the firms need to know to have a lucid choice? In this essay, the first part will provide an overview of Blue Ocean strategy. How to create a Blue Ocean and what a cornerstone of Blue Ocean strategy is are the important things which the author wants companies need to pay attention. In the final part, the author will show the differences between Blue Ocean and Red Ocean. The differences will help companies have an evaluation of Blue Ocean and make an accurate decision in their business. *Part one: *An overview of Blue Ocean Strategy What is Blue Ocean* Strategy*? *How to create a *Blue Ocean? Value Innovation *What is* Red Ocean Strateg*y*? Focus difference Tool difference…

    • 291 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Eassy

    • 1849 Words
    • 8 Pages

    How do you maximize the size of the blue ocean you are creating? This chapter provides a guide to reaching beyond existing demand, encouraging companies to challenge the conventional strategy practices of focusing on existing customers and finer segmentation to accommodate buyer differences. Instead of concentrating on customers, companies need to look to noncustomers and build on powerful commonalities in what buyer’s value in order to unlock new markets.…

    • 1849 Words
    • 8 Pages
    Good Essays

Related Topics