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Blue Ocean Strategy Assignment 1. What is a blue ocean strategy? What is a red ocean strategy? Explain these from the perspective of company, competition, costs, and markets. 2. The authors allude to the fact that most companies borrow their strategic thinking from military models (see 'Paradox of strategy'). How does this model affect perceptions related to competition and customers and what are the implications for creating value for markets (and employees!)? 3. Using the 'Snapshot of blue ocean creation' exhibit, list and explain the key success factors for the three industries (auto, computer, movie theaters). 4. The authors claim 'demand is created rather than fought over' in blue oceans. What does this mean? Cite examples from the article. 5. Explain the redefined relationship between 'value' and 'low cost' in blue ocean strategies. What is the traditional basis of 'competitive advantage' in red ocean strategies? I

Blue Ocean Strategy Assignment 1. What is a blue ocean strategy? What is a red ocean strategy? Explain these from the perspective of company, competition, costs, and markets. 2. The authors allude to the fact that most companies borrow their strategic thinking from military models (see 'Paradox of strategy'). How does this model affect perceptions related to competition and customers and what are the implications for creating value for markets (and employees!)? 3. Using the 'Snapshot of blue ocean creation' exhibit, list and explain the key success factors for the three industries (auto, computer, movie theaters). 4. The authors claim 'demand is created rather than fought over' in blue oceans. What does this mean? Cite examples from the article. 5. Explain the redefined relationship between 'value' and 'low cost' in blue ocean strategies. What is the traditional basis of 'competitive advantage' in red ocean strategies? I

Principles Of Marketing
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Blue Ocean Strategy Assignment 1. What is a blue ocean strategy? What is a red ocean strategy? Explain these from the perspective of company, competition, costs, and markets. 2. The authors allude to the fact that most companies borrow their strategic thinking from military models (see 'Paradox of strategy'). How does this model affect perceptions related to competition and customers and what are the implications for creating value for markets (and employees!)? 3. Using the 'Snapshot of blue ocean creation' exhibit, list and explain the key success factors for the three industries (auto, computer, movie theaters). 4. The authors claim 'demand is created rather than fought over' in blue oceans. What does this mean? Cite examples from the article. 5. Explain the redefined relationship between 'value' and 'low cost' in blue ocean strategies. What is the traditional basis of 'competitive advantage' in red ocean strategies? I
Transcribed Image Text:Blue Ocean Strategy Assignment 1. What is a blue ocean strategy? What is a red ocean strategy? Explain these from the perspective of company, competition, costs, and markets. 2. The authors allude to the fact that most companies borrow their strategic thinking from military models (see 'Paradox of strategy'). How does this model affect perceptions related to competition and customers and what are the implications for creating value for markets (and employees!)? 3. Using the 'Snapshot of blue ocean creation' exhibit, list and explain the key success factors for the three industries (auto, computer, movie theaters). 4. The authors claim 'demand is created rather than fought over' in blue oceans. What does this mean? Cite examples from the article. 5. Explain the redefined relationship between 'value' and 'low cost' in blue ocean strategies. What is the traditional basis of 'competitive advantage' in red ocean strategies? I
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