2. Meaning :
“ Blue Ocean Strategy is referred to a market for a
product where there is no competition or very less
competition. This strategy revolves around searching for
a business in which very few firms operate and where
there is no pricing pressure.”
3. Create uncontested market space
Make the competition irrelevant
Create and capture new demand
Eliminate
Reduce Raise
Create
4. What will be the changes from blue ocean strategy
Looks across alternative industries
Looks across strategic groups within industry
Redefines the industry buyer group