
Blue Ocean Strategy and Red Ocean Traps
HBR IdeaCast
00:00
The Red Ocean Trap
Blue Ocean Strategy is about how can any company or organization break out of the red ocean, a bloody competition. It's really about how do you create uncontested market space and align your value profit and people proposition to achieve that around differentiation and low cost. The issue isn't about better satisfying necessarily existing customers, it's about creating all new demand. To create all new demand, talking to non-customers of the industry.
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