The document discusses red ocean strategy versus blue ocean strategy. It summarizes research showing that ventures focused on new business opportunities and blue ocean strategy (14% of launches) generated more profits (61% of total) and revenues (28%) compared to ventures focused on existing industries and red ocean strategy (86% of launches). Blue ocean strategy aims to create new market space by eliminating or reducing factors that competitors offer, and introducing new factors not offered by competitors. This is illustrated using Southwest Airlines as an example, which reduced factors like meals and luggage transport, while raising factors like flight frequency and destinations to create an attractive new value proposition for customers.
Analysis of Wal-Mart using some Strategic Management tools:
*** Value Chain
*** Strategic Position And Action Evaluation (SPACE)
*** Resource & Capabilities analysis
***
This Walmart SWOT analysis reveals how the largest company in the world uses its competitive advantages to dominate and successfully grow in the retail industry.
It identifies all the key strengths, weaknesses, opportunities and threats that affect the company the most.
Walmart has become the world’s largest company by revenue for a few reasons. First, it used cost leadership strategy and executed it brilliantly. Second, it operated in the world’s richest economy, which enabled Walmart to grow fast and successfully.
At the moment, most of Walmart’s strengths come from the huge company’s size. These strengths, such as market power over suppliers and competitors, well developed distribution system and large merchandise selection, will help the company to stay the largest retailer, at least the largest brick-and-mortar retailer, for quite some time. Nonetheless, the company has to find other strengths if it wants to grow faster and be able to compete with Amazon.com in e-commerce.
As for the weaknesses, Walmart should improve its brand image, employment and business practices. That would most likely result in more productive employees, happier customers and eventually in higher sales.
Walmart will continue to dwarf the U.S. retail industry and will grow internationally, at least for the next 5-10 years.
Analysis of Wal-Mart using some Strategic Management tools:
*** Value Chain
*** Strategic Position And Action Evaluation (SPACE)
*** Resource & Capabilities analysis
***
This Walmart SWOT analysis reveals how the largest company in the world uses its competitive advantages to dominate and successfully grow in the retail industry.
It identifies all the key strengths, weaknesses, opportunities and threats that affect the company the most.
Walmart has become the world’s largest company by revenue for a few reasons. First, it used cost leadership strategy and executed it brilliantly. Second, it operated in the world’s richest economy, which enabled Walmart to grow fast and successfully.
At the moment, most of Walmart’s strengths come from the huge company’s size. These strengths, such as market power over suppliers and competitors, well developed distribution system and large merchandise selection, will help the company to stay the largest retailer, at least the largest brick-and-mortar retailer, for quite some time. Nonetheless, the company has to find other strengths if it wants to grow faster and be able to compete with Amazon.com in e-commerce.
As for the weaknesses, Walmart should improve its brand image, employment and business practices. That would most likely result in more productive employees, happier customers and eventually in higher sales.
Walmart will continue to dwarf the U.S. retail industry and will grow internationally, at least for the next 5-10 years.
Clique Pens - Case Study Solution by Kamal Allazov (Essay type)Kamal Allazov (MSc.)
Clique Pens Case Study by Harward Mba Center. This paper introduces possible solutions and recommendations by MSc. Marketing student - Allazov Kamal. (https://allazov.org/)
Product Marketing and Management for Fair and Lovely Max FairnessPrajakta Talathi
This assignment report analyses the market issues for the Brand Product – Fair and Lovely Max Fairness using different Marketing Tools and Techniques. It also suggests a Marketing Plan and a Marketing Strategy for F&L Max Fairness.
Toko Bunga Surabaya, Jual Karangan Bunga Surabaya, Jual Bunga Papan Surabaya, Jual Bunga Ucapan Surabaya, Jual Rangkaian Bunga Surabaya, Jual Buket Bunga Surabaya, Bunga Ucapan Selamat, Bunga Ucapan Duka Cita, Bunga Papan Selamat, Bunga Papan Duka Cita
Strategic proposal and marketing plan
Presentation addressing Baby/ Kids skincare positioning and performance, Taking into consideration the below factors :
Analysis
Brand positioning
Strategy
Tactics
Clique Pens - Case Study Solution by Kamal Allazov (Essay type)Kamal Allazov (MSc.)
Clique Pens Case Study by Harward Mba Center. This paper introduces possible solutions and recommendations by MSc. Marketing student - Allazov Kamal. (https://allazov.org/)
Product Marketing and Management for Fair and Lovely Max FairnessPrajakta Talathi
This assignment report analyses the market issues for the Brand Product – Fair and Lovely Max Fairness using different Marketing Tools and Techniques. It also suggests a Marketing Plan and a Marketing Strategy for F&L Max Fairness.
Toko Bunga Surabaya, Jual Karangan Bunga Surabaya, Jual Bunga Papan Surabaya, Jual Bunga Ucapan Surabaya, Jual Rangkaian Bunga Surabaya, Jual Buket Bunga Surabaya, Bunga Ucapan Selamat, Bunga Ucapan Duka Cita, Bunga Papan Selamat, Bunga Papan Duka Cita
Strategic proposal and marketing plan
Presentation addressing Baby/ Kids skincare positioning and performance, Taking into consideration the below factors :
Analysis
Brand positioning
Strategy
Tactics
2011 will bring significant changes to a wide variety of industries. While many organization believe they are innovating for a better tomorrow in reality they are only making modification of today's familiar territory.
Blue Ocean Strategy challenges leaders to work through a meticulous set of frameworks that flesh out opportunities that are not obvious using yesterday's tool kits. Blue Ocean Strategy requires a responsible imagination. That is, the ability to dream and see beyond today while applying analytical tools that assist in risk reduction and genuine breakthrough thinking and valid value innovations.
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
GIÁO ÁN DẠY THÊM (KẾ HOẠCH BÀI BUỔI 2) - TIẾNG ANH 8 GLOBAL SUCCESS (2 CỘT) N...
Blue ocean strategy
1. Red Ocean: Why Do the industries name the red ocean?
The known market space which include the all existing industries as off now. Boundaries of these market is defined and where
competitors have accepted competition rules. Where number of customers are fixed and customers expectations is also fixed.
Industries accept underlaying boundaries, do not questions market scenario. They fix their market as others, They accept
strategies an generally, Normally focus on same key targets, offer services and goods as offered by their competitors and offer
same time line in formulating strategy.
As per authors research shows that 86 percent of the new venture generated 62 percent of the total revenues and 39 percent of
total profits. Similarly only 14 percent of the launches were focused on new business opportunities and created blue oceans.
These launches generated 28 percent of revenues and 61 percent of total profits.
Looking in to the results show that performance can be increased by creating blue ocean.
39
62
86
61
38
14
0 10 20 30 40 50 60 70 80 90 100
Profit Impact
Revenue Impact
Business Launch
The Profit and Growth Consequences of Creating
Blue Oceans
Red Ocean Blue Ocean
2. Value Innovation: The Cornerstone of Blue Ocean Strategy.
The main focus of the strategy is to eliminate the existing market competition, by creating value innovation. Value innovation
make company's position favorable to cost and value proposition to byers. Buyers value can be lifter by offering valuable means
that never offered earlier. So simultaneously value for buyers to be increase along with cost reduction.
Cost
VI
Buyer
Value
Value Innovation
Blue Ocean Strategy
Eliminate
Reduce
Raise
Create
On one hand the value to the company is
based on its cost structure and the price
for the product. On the other hand the
value to the buyers is determined by the
price and the utility of the company’s
offering.
3. Strategy Canvas:
Strategic Canvas is a diagnostic tool and action framework both. Companies current position or situation in market is describe,
first. Two axis represent Range of factors (Horizontal) competing or investing in, and second is level of value offered (Vertical). By
plotting every factors with variable conditions, it reveals relative performance in its relevant market.
Value curve need to be set in relation with current situation of the company within the market for getting qualitative results.
• Company fit in blue ocean strategy – When a ventures
curve is meeting the all criteria of blue ocean strategy.
Value speak to the customers.
• A company caught in the red ocean - When a company’s
value curve converges with its competitors than the
company is acting on a red ocean.
• Overdeliver without payback - When all factors are on
high level.
• An incoherent strategy - When a venture value curve can
be described as ‘low-high-low-low-high’ – it signals that
the company does not have any coherent strategy.
• Strategic contradictions – Only considering higher value
over other factors.
4. Southwest Airlines focuses with their new value curve
on the factors ‘friendly service’, ‘speed’ and ‘frequent
point-to point departures’. On the other side the
factors ‘price’, ‘meals’, ‘lounges’, ‘seating class
choices’ and ‘hub connectivity’ were reduced. The
company created a blue ocean by giving the customer
the possibility to use a high speed transport with
frequent departures and attractive prices. To achieve
this, Southwest Airlines eliminates and reduces
several variables used as competition factors within
the industry and declares them irrelevant for their
new target group of customers, in order to reallocate
their resources into the new focus.
Example of Southwest Airlines:
Regarding the strategic profile of Southwest Airlines it illustrates it different value curve compared to the average
airlines in the US and to the alternative way to travel: car transport (figure 4-4).
5. Four Actions Framework: It is always necessary to answer following four key questions to
evaluate business model.
Eliminate – Which of the factors that the industry takes for granted should be eliminated?
Reduce – Which factors should be reduced well below the industry’s standard?
Raise – Which factors should be raised well above the industry’s standard?
Create – Which factors should be created that the industry has never offered?
Which factors should be reduced
well below the industry’s standard?
Luggage Transport, Services, Meal
Which factors should be raised well
above the industry’s standard?
Frequency of flight, Number of
Destinations
Which factors should be created that
the industry has never offered?
New Services, New-Check in Method,
New Distribution way, New Type of
Transport
Which of the factors that the
industry takes for granted should
be eliminated?
Meal, Drinking, free Magazine
The Four Actions Framework
of ‚Southwest Airlines’
Reference for PPT:-
Siegemund, Carsten. Blue Ocean Strategy for small and mid-
sized companies in Germany : Development of a consulting
approach, Diplomica Verlag, 2008. ProQuest Ebook Central,
http://ebookcentral.proquest.com/lib/globalnxt-
ebooks/detail.action?docID=594363.