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Blue Ocean Strategy and Red Ocean Traps

HBR IdeaCast

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The Importance of Diversifying Your Blue Ocean Strategy

The same logic applies, whether you want to create a blue ocean at the high end of the market or low end. Cirque du Soleil looked across alternative industries as theater, opera and ballet versus circus. Ralph Lauren did the same thing by taking the best of Oat Coatur using fine materials. And they had a higher price point as well, not a low cost price point.

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