Blue Ocean Strategy - Set Your Company Apart From Competition

For twenty-five years, competition has been at the heart of corporate strategy. Today, one can hardly speak of strategy without involving the language of competition: competitive strategy, competitive benchmarking, building competitive advantages, and beating the competition. Such focus on the competition traces back to corporate strategy's roots in military strategy. The very language of corporate strategy is deeply imbued with military references-chief executive "officers" in "headquarters," "troops" on the "front lines," and fighting over a defined battlefield.

Blue Ocean denotes the industries that not existence today - the unknown market space or market unattained by competition. Blue Ocean strategy provides a systematic approach to making the competition irrelevant. This framework had been presented by Mr. Kim W Chan and Mauborgne Renee in their most sellable book entitle "Blue Ocean Strategy - How to Create Uncontested Market Space and Make the Competition Irrelevant".

Red Ocean & Blue Ocean

Imagine a market universe composed of two sorts of oceans: red oceans and blue oceans. Red oceans represent all the industries in existence today. This is the known market space. Blue oceans denote all the industries not in existence today. This is the unknown market space.