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Explore the power of Blue Ocean Strategy, where you focus on unexplored markets instead of battling fierce competition in traditional markets. Learn from the framework by W. Chan Kim & Renée Mauborgne and discover six key approaches to implementing a blue ocean strategy. Discover how to minimize risks and maximize opportunities to set your business apart from the competition.
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Introduction to Blue Ocean Strategy Strategy where you consciously target an uncultivated blue market rather than attempting to manage the tough competition on the red market, where your competitors are. Source: Blue Ocean Strategy by W. Chan Kim & Renee Maubourgne www.blueoceanstrategy.com
Six ways towards blue ocean strategy From competing with To creating across
Example of a strategy canvas The blue line shows how a blue strategy can separate itself radically from the traditional red strategies.
Risk minimization and opportunity maximization in the formulation and implementation of blue ocean strategy