A Blue Ocean Strategy Does Which Two of the Following
The paper will include. Blue ocean strategy refers to a companys creating a new uncontested market space that makes competitors irrelevant creates new consumer value and decreases costs. What Is Blue Ocean Strategy About Blue Ocean Strategy Blue Ocean Strategy is referred to a market for a product where there is no competition or very less competitionThis strategy revolves around searching for a business in which very few firms operate and where there is no pricing pressure. . This principle addresses the search risk many companies struggle with. To break the trade-off between differentiation and low cost in creating a new value curve the framework poses four key questions shown in the diagram to challenge an industry. The aim of BOS is to create new market space thereby making the competition irrelevant. The authors call it value innovation. Untapped market space demand creation and opportunity for highly profitable growt...