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Blue Ocean Strategy, Expanded Edition: How to Create Uncontested Market Space and Make the Competition Irrelevant Hardcover – Illustrated, 3 February 2015
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A global phenomenon now published in a record 44 languages. Over 3.5 million copies sold. A bestseller across five continents.
Your Guide to Creating Uncontested Market Space-and Making the Competition Irrelevant
This international bestseller, embraced by organizations and industries worldwide, challenges everything you thought you knew about the requirements for strategic success.
Now updated with a new chapter and additional content from the authors, Blue Ocean Strategy argues that cutthroat competition results in nothing but a bloody red ocean of rivals fighting over a shrinking profit pool. Based on a study of 150 strategic moves (spanning more than 100 years across 30 industries), the authors argue that lasting success comes not from battling competitors, but from creating "blue oceans"-untapped new market spaces ripe for growth.
Blue Ocean Strategy presents a systematic approach to making the competition irrelevant and outlines principles and tools any company can use to create and capture their own blue oceans. A landmark work that upends traditional thinking about strategy, this bestselling business book charts a bold new path to winning the future.
- ISBN-101625274491
- ISBN-13978-1625274496
- EditionRevised ed.
- PublisherHarvard Business Review Press
- Publication date3 February 2015
- LanguageEnglish
- Dimensions16 x 3.3 x 23.37 cm
- Print length320 pages
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Review
"one of the bestselling business books of the century" -- Financial Times
"Blue Ocean Strategy is the most successful book on business master-planning" -- The Economist
"A great read for any leader looking to get a real edge in business and establish a real competitive advantage in the market." -- Qantas The Australian Way
Praise for Blue Ocean Strategy:
- A bestseller across 5 continents
- More than 4 million copies sold worldwide
- Translated into 49 languages
- A Wall Street Journal, BusinessWeek, and Fast Company bestseller
- Thinkers50 Strategy Award for Best Business Book of the decade
- The Fast Company Leadership Hall of Fame
- Winner of the Carl S. Sloane Award for Excellence in Management Consulting
About the Author
W. Chan Kim and Renee Mauborgne are Professors of Strategy at INSEAD and Codirectors of the INSEAD Blue Ocean Strategy Institute. They are the authors of the recently released USA Today bestseller, Beyond Disruption: Innovate and Achieve Growth without Displacing Industries, Companies, or Jobs; the over 4-million copy global bestseller Blue Ocean Strategy, which is recognized as one of the most iconic and impactful strategy books ever written; and The New York Times and #1 Wall Street Journal bestseller, Blue Ocean Shift. Blue Ocean Strategy is being published in a record-breaking 49 languages and is a bestseller across five continents. In 2023, on its 100th anniversary, HBR honored Kim and Mauborgne as two of its four most influential authors for their contribution to management research and ideas. In 2019 they were also named the most influential management thinkers in the world by Thinkers50. They are the founders of the Blue Ocean Global Network. For more on these authors and their new book, BEYOND DISRUPTION, see blueoceanstrategy.com.
Product details
- Publisher : Harvard Business Review Press
- Publication date : 3 February 2015
- Edition : Revised ed.
- Language : English
- Print length : 320 pages
- ISBN-10 : 1625274491
- ISBN-13 : 978-1625274496
- Item weight : 539 g
- Reading age : 10 years and up
- Dimensions : 16 x 3.3 x 23.37 cm
- Best Sellers Rank: 5,681 in Books (See Top 100 in Books)
- Customer Reviews:
About the authors
W. Chan Kim is a Professor of Strategy and the Co-Director of the INSEAD Blue Ocean Strategy Institute in Fontainebleau, France.
He is the co-author of the USA Today bestseller Beyond Disruption: Innovate and Achieve Growth without Displacing Industries, Companies, or Jobs, and the over 4 million copy global bestseller Blue Ocean Strategy, which is recognized as one of the most iconic and impactful strategy books ever written, and the New York Times, #1 Wall Street Journal, USA Today, and Los Angeles Times bestseller Blue Ocean Shift.
In 2023 Kim along his colleague Renée Mauborgne were honored as two of the four leading thinkers in the 100 years of Harvard Business Review’s publication for the global impact of their far-reaching body of research and ideas. And in 2019 they were named the most influential management thinkers in the world by Thinkers50. To date, blue ocean strategy and blue ocean shift teaching materials have been adopted by nearly 3,000 universities across the globe. In 2022, Harvard Business Review also selected Blue Ocean Strategy as one of the most influential and innovative articles published in Harvard Business Review over the last 100 years.
Kim has published numerous articles in top academic and managerial journals including Academy of Management Journal, Management Science, Organization Science, Strategic Management Journal, Administrative Science Quarterly, Journal of International Business Studies, Harvard Business Review, MIT Sloan Management Review, The Wall Street Journal, The New York Times, and The Financial Times, among others.
He is the recipient of numerous academic and management awards including the Nobels Colloquia Prize for Leadership on Business and Economic Thinking, The Carl S. Sloane Award by the Association of Management Consulting Firms, the Leadership Hall of Fame by Fast Company, the Eldridge Haynes Prize for the best original paper by Academy of International Business, among others.
Renée Mauborgne is the INSEAD Distinguished Fellow and a Professor of Strategy at INSEAD. She is also the Co-director of the INSEAD Blue Ocean Strategy Institute in Fontainebleau, France. She is the co-author of the USA Today bestseller Beyond Disruption: Innovate and Achieve Growth without Displacing Industries, Companies, or Jobs, and the over 4 million copy global bestseller Blue Ocean Strategy, which is recognized as one of the most iconic and impactful strategy books ever written, and the New York Times, #1 Wall Street Journal, USA Today, and Los Angeles Times bestseller Blue Ocean Shift.
In 2023 Mauborgne along her colleague Chan Kim were honored as two of the four leading thinkers in the 100 years of Harvard Business Review’s publication for the global impact of their far-reaching body of research and ideas. And in 2019 they were named the most influential management thinkers in the world by Thinkers50. To date, blue ocean strategy and blue ocean shift teaching materials have been adopted by nearly 3,000 universities across the globe. In 2022, Harvard Business Review also selected Blue Ocean Strategy as one of the most influential and innovative articles published in Harvard Business Review over the last 100 years.
Mauborgne has published numerous articles in top academic and managerial journals including Academy of Management Journal, Management Science, Organization Science, Strategic Management Journal, Administrative Science Quarterly, Journal of International Business Studies, Harvard Business Review, MIT Sloan Management Review, The Wall Street Journal, The New York Times, and The Financial Times, among others.
She is the recipient of numerous academic and management awards including the Nobels Colloquia Prize for Leadership on Business and Economic Thinking, The Carl S. Sloane Award by the Association of Management Consulting Firms, the Leadership Hall of Fame by Fast Company, the Eldridge Haynes Prize for the best original paper by Academy of International Business, among others.
Customer reviews
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Bad Quality book.
Top reviews from Australia
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- Reviewed in Australia on 12 January 2022Format: HardcoverVerified PurchaseGreat book for work. Lots of practical tools and processes to follow yourself. Also, a lot of examples to help put things in context. Actually at times a few too many examples but you can just skip them if you'd like. I would recommend it.
- Reviewed in Australia on 25 December 2021Format: HardcoverVerified PurchaseI like the book!
- Reviewed in Australia on 12 January 2019Format: HardcoverVerified PurchaseVery detailed business strategy
Not for beginner
- Reviewed in Australia on 30 September 2017Verified PurchaseOne of my favourite entrepreneurship books. Radically changed my approach to startups and innovation. I still think about the blue ocean mindset many years on from reading this title
- Reviewed in Australia on 22 March 2017Format: KindleVerified PurchaseWell written, deep in content and case studies and exciting to read. One of the best books I have read so far
- Reviewed in Australia on 18 October 2018Format: HardcoverVerified PurchaseGreat thanks!
- Reviewed in Australia on 4 February 2016Format: KindleVerified PurchaseA well constructed idea - very complete.
Template-like offerings are neat.
Best piece on marketing strategy-making since Adam Morgan and Seth Godin.
Builds well on Ries & Trout [Von Clauswitz & Sun Tsu].
- Reviewed in Australia on 18 October 2023Format: HardcoverVerified PurchaseThe book quality is absolutely rubbish. I'm covered in "paper shavings" everytime I turn the page. Look for another seller.
The book quality is absolutely rubbish. I'm covered in "paper shavings" everytime I turn the page. Look for another seller.
Images in this review
Top reviews from other countries
- Venkat PillaiReviewed in India on 3 May 2023
5.0 out of 5 stars Blue Ocean Strategy - A ripple effect
Format: HardcoverVerified PurchaseBlue Ocean strategy
“Blue Ocean Strategy” by W. Chan Kim and Renee Mauborgne is definitely a good read for imminent strategists.
What is Blue Ocean's strategy? –
It is all about -
a) Creating uncontested market space.
b) Making competition irrelevant
c) Creating and capturing new demand
d) Breaking the value–cost trade-off
e) Aligning the entire system in pursuit of differentiation and lost cost.
It turns on the head the erstwhile principle that states high pricing and high cost only create value
The four-legged principle of a Blue Ocean strategy is eye-opening:
1. Eliminate
2. Reduce
3. Raise
4. Create
All the principles need to work together for the new path-breaking strategy to be implemented.
The sequence of the Blue Ocean strategy revolves around the below four steps:
1. Buyer utility
2. Strategic pricing
3. Target costing
4. Adoption hurdles
It is good to wrap your head around the contents, it will certainly give a ripple effect.
Venkat PillaiBlue Ocean Strategy - A ripple effect
Reviewed in India on 3 May 2023
“Blue Ocean Strategy” by W. Chan Kim and Renee Mauborgne is definitely a good read for imminent strategists.
What is Blue Ocean's strategy? –
It is all about -
a) Creating uncontested market space.
b) Making competition irrelevant
c) Creating and capturing new demand
d) Breaking the value–cost trade-off
e) Aligning the entire system in pursuit of differentiation and lost cost.
It turns on the head the erstwhile principle that states high pricing and high cost only create value
The four-legged principle of a Blue Ocean strategy is eye-opening:
1. Eliminate
2. Reduce
3. Raise
4. Create
All the principles need to work together for the new path-breaking strategy to be implemented.
The sequence of the Blue Ocean strategy revolves around the below four steps:
1. Buyer utility
2. Strategic pricing
3. Target costing
4. Adoption hurdles
It is good to wrap your head around the contents, it will certainly give a ripple effect.
Images in this review
- M A MohamedReviewed in the United Kingdom on 6 December 2015
5.0 out of 5 stars Blue Ocean strategy: Decoding Creative Destruction!
Format: KindleVerified PurchaseBefore I start ranting about this book, the reason I gave the first four stars is because it is well written, full of interesting examples, and, above all, thought-provoking book.
If you are among those of us, who chose to implement someone else's dreams, this book will equip you with most of the reasons with which you should get your employer to understand why it is imperative to grow out of the current competition and start new Blue Ocean. In this case, if you were working with companies like KODAK, Xerox, Sony and many others that got drowned within the quagmire of Red Ocean, you may have already failed. Hence, this book will just help you to relive the reason the ship you were working with sunk.
If you are among those of us, who chose to implement their own dream, then this book will equip you with the right strategy Canvas that will assist you to comprehend the current situation of what you want to do and then create your own strategy that will add value innovation to what is already there in a different form. You will understand why you do not have to fight raising-barriers to entry, when you can easily create your own camp outside the well defended Red Ocean Camp that you may have wanted to get into.
Why, then, the fifth Star? The more you read this book with its additions, the more you think about two thought-provoking ideas:
Point 1: the authors of this book will give you an interesting answer to Pro Micheal Porter's five Competitive Advantages and the interesting way of creating well defended castle of Red Ocean, where you have to think about how to raise the barrier to new entrants and the art of ensuring the switching cost keeps the customer within the highly contested bloody Red Ocean, while making costly for the competitors to even entertain the idea of getting your customers.
The authors of this book will simply tell you that you do not need to break into a bloody Red Ocean; or think about defending an existing bloody Red Ocean. Instead, use the Blue Ocean strategy canvas to discover the best way to come up with a better alternative - though they will never mention the work alternative, nor will you hardly note the Creative Destruction mentioned - though you will here a lot about the Value Innovation!
However, what you will like about their argument is that, instead of being product centred, think more about the customer. In other words, the customer should be the centre of interest rather than the actual castle that Porter thought us to defend with all we have! Good example of this will be their case about how Bloomberg did well, as they focused on the actual user, but not the procurement mangers, who hardly use the product!
Point 2: where you may find so difficult to reason with this book is their lack of respect for what was once quipped as "Gale of Creative destruction" by Joseph Schumpeter.
In their example, they used great examples such as the Horse-drawn carriage vs Ford's Model-T. In their world, Ford created Blue Ocean. However, in this endeavour, they overlook at the fact that the poor horse was taken out of the equation by the Internal Combustion Engine (ICE). Hence, an entire industry was turned upside. In this case, one may argue the interesting fact that their is a blurred line between Blue Ocean Strategy an the Gale of Creative Destruction. You may also be forgiven, if you assume that the former is simply decoding the latter.
This thought-provoking argument may even become more interesting when one argues Schumpeter was talking about a revolutionary process that is incessant to the industry. In other words, the Gale of Creative Destruction is a process of industrial mutation that incessantly revolutionised the economic structure within, incessantly destroying the old one, incessantly creating new one (Wikipedia,https://en.wikipedia.org/wiki/Creative_destruct ); where the authors are basing their argument on something that may appear to be an external drive rather than within or internal drive within the existing transposition industry of that time. But Ford and the horsemen were both operating within the same industry and a part of the actual thing that takes a passenger from one place to another place was replaced with ICE. Remember, still the wheels, seats, driver and other parts are there. Hence, an internal mutation had taken place.
There are many examples from the competition within the Wine industry to the carnage that took place within the computing industry that may appear to be based on the Gale of Creative Destruction cloaked within Blue Ocean strategy!
As we are in for an interesting era, where computing algorithms are slowly overtaking most of the manually work that we do, the concept of Blue Ocean strategy/Gale of Creative Destruction will become part of our daily thinking.
The authors of this book and their associated articles, which they had been writing, I think, have done one great deal of job for us: they decoded the art of Creative Destruction rather than creating a getaway through which cowards can scape from the quagmire of the bloody Red Ocean. Hence, they deserve the fifth Star.
- Optimus Prime 90Reviewed in France on 25 August 2021
5.0 out of 5 stars Very good book!!!
Format: HardcoverVerified PurchaseI read this book and I was wowed. The examples are concrete and straight to the point. No confusion caused by bid words. I think i will read it again. As someone who is at the head of several projects, it made a lot of sense and is an eye opener. Great work!
-
Juan LuisReviewed in Spain on 3 April 2024
5.0 out of 5 stars Interesante libro sobre estrategia de mercados
Format: HardcoverVerified PurchaseLa estrategia del "Océano Azul" es una buena forma de encontrar nuevos mercados alejándose de la competencia directa. Requiere innovación y un cambio de mentalidad, pero puede ser efectiva si se adapta correctamente a las necesidades de la empresa.