Core Principles
Reconstruct Market Boundaries
Reach for Existing Demand
Go to uncontested space.
Challenge 2 conventional strategy practices
1. Focus on existing customers.
2. Drive for finer segmentation to accommodate buyer differences.
Customer Categorization
Get the Strategy Sequence Right
Strategy Canvas
Four Actions to Create Blue Ocean
- Eliminate: Factors that industry has taken for granted, should be removed.
- Reduce: Factors to be reduced below the industry standards.
- Create: Factors that industry has never created.
- Raise: Factors to be raised beyond industry standards.