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Why is competition irrelevant in blue ocean strategy?
In Blue Ocean, competition is irrelevant because the rules of the game are waiting to be set. In contrast to Red Ocean which emphasizes either on cost or differentiation strategy, Blue Ocean suggests it is possible to attain both simultaneously. Pursuing this strategy is able to create high barriers to entry.
How many times has the blue ocean strategy been sold?
The Blue Ocean Strategy book has been sold over 3,5 million times, was published in 43 languages and is a bestseller across five continents. Furthermore the Blue Ocean Strategy was awarded with “The Best Business Book of 2005″ at the Frankfurter Book Fair as well as one of the “Top Ten Business Books of 2005″ by Amazon.
How is Netflix using the blue ocean strategy?
By using the blue ocean strategy Netflix becomes a dominant movie streaming service provider in the world with $3.6 billion in revenue and $17 million in profit in 2012. On the other hand, Blockbuster plummeted from $4 Billion in January 2009 to essentially nothing by December of the same year.
Which is an example of a blue ocean?
There are two ways to create blue oceans: one is to give rise to completely new industries and the other is by changing the boundary of an existing industry. One of the classic examples of Blue Ocean strategy was Fords invention of Model T back in 1908.
Last Update: Oct 2021
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