Blue Ocean Strategy: How To Create Uncontested Market Space And Make The Competition Irrelevant

Don't Compete With Rivals – Make Them Irrelevant

Companies Have Long Engaged In head-to-head competition in search of sustained profitable growth. They have fought for competitive advantage, battled over market share, and struggled for differentiation.

Yet in today's overcrowded industries, competing head-on results in nothing but a bloody “red ocean” of rivals fighting over a shrinking profit pool. In a book that challenges everything you thought you think you knew about the requirements for strategic success, W. Chan Kim and Renee Mauborgne contend that while most companies compete within such red oceans, this strategy is increasingly unlikely to create profitable growth in the future.

Based on a study of 150 strategic moves spanning more than a hundred years and thirty industries, Kim and Mauborgne argue that tomorrow's leading companies will succeed not by batting competitors, but by creating “blue oceans” of uncontested market space ripe for growth. Such strategic moves – termed “value innovation” - create powerful leaps in value for both the firm and its buyers, rendering rivals obsolete and unleashing new demand.

Blue Ocean Strategy provides a systematic approach to making the competition irrelevant. In this frame-changing book, Kim and Mauborgne present a proven analytical framework and the tools for successfully creating and capturing blue oceans. Examining a wide range of strategic moves across a host of industries, Blue Ocean Strategy highlights the six principles that every company can use to successfully formulate and execute blue ocean strategies. The six principle show hot to reconstruct market boundaries, focus on the big picture, reach beyond existing demand, get the strategic sequence right, overcome organizational hurdles, and build execution into strategy.

Upending traditional thinking about strategy, this landmark book charts “a bold new path to winning the future.”

About The Author
W. Chan Kim and Renee Mauborgne(Winner: 2011 Thinkers50 Innovation Award) are professor of strategy and management at INSEAD and Co-Directors of the INSEAD Blue Ocean Strategy Institute, in Fontainebleau, France.

Table Of Contents
Preface
Acknowledgments
Part One: Blue Ocean Strategy

• Creating Blue Oceans
• Analytical Tools and Frameworks

Part Two: Formulating Blue Ocean Strategy

• Reconstruct Market Boundaries
• Focus on the Big Picture, Not the Number
• Reach Beyond Existing Demand
• Get the Strategic Sequence Right

Part Three: Executing Blue Ocean Strategy

• Overcome Key Organizational Hurdles
• Build Execution Strategy
• Conclusion: The Sustainability and Renewal of Blue Ocean Strategy

Appendix A
Appendix B
Appendix C
Notes
Bibliography
Index
About the Authors