5 Blue Ocean Strategy Examples
The blue ocean strategy is a strategy of avoiding fierce competition. The work is based on more than a decade of research covering about thirty industries over the past hundred years. The authors focused their research on identifying common factors that lead to the creation of blue oceans. The companies that became the creators of new market spaces did not follow the path of usual competition, they chose a completely different path of development for themselves. Value innovation allows you to create a new market space, generate and receive new demand, destroy the compromise between value and costs, and most importantly, grow without fear of competition. Many startup founders find it extremely difficult to develop a blue ocean strategy. By the way, there is also a red ocean strategy. In case you apply the right strategy, you will have all the chances to become successful in a mature industry. If you want some more information about both of the strategies, check out Eleken's ...