4. Creating a Core Offering
1. Find your “Blue Ocean”
2. Define your value
3. Package your skills
5. “The only way to beat the
competition is to stop trying
to beat the competition.
— Renee Mauborgne & W. Chan Kim,
Blue Ocean Strategy
6. Red vs Blue
Red Ocean Strategy Blue Ocean Strategy
Compete in existing market space Create uncontested market space
Beat the competition Make the competition irrelevant
Exploit existing demand Create and capture new demand
Make the value-cost trade-off Break the value-cost trade-off
Align the whole system of a firm’s
activities with its strategic choice of
differentiation or low cost
Align the whole system of a firm’s
activities in pursuit of differentiation
and low cost
vs
7. Define Your Value
● Present Features and Benefits
● Make a value promise
● Use unique language
37. Permission Marketing...offers the
consumer an opportunity to volunteer
to be marketed to. By talking only to
volunteers, Permission Marketing
guarantees that consumers pay more
attention to the marketing messages.
— Seth Godin, Author of Permission Marketing
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