I recommend you guys pick a blank piece of paper and watch 10 reviews in a row taking notes. It makes so many ideas flow in your mind! A positive high of ideas to your brain in less than one hour. Peace!
When I was young and partying with my homeboys, we would drink cheap, sweet wine to get drunk. I’ve had a lot of bad experiences bent over spilling out my guts. That’s what kept me away from wine. Your presentation has encouraged me to start drinking wine. Thank you.
Stop focusing on the how you can beat the competition and start focusing on how you can make the competition irrelevant. Thank you for sharing information on innovative book 'Blue ocean strategy'.
Outline of Blue Ocean Strategy: How to Make the Competition Irrelevant Red Ocean Strategy: Compete in an established (and oversaturated) market Blue Ocean Strategy: Compete in an unestablished (and untapped) market Quality Innovation + Low Cost = Value Innovation Ask Yourself: What can I Eliminate, Reduce, Raise, & Create? New Product Category -> Expand Market -> Dominate Market Category (Bonus: Headstart on Future Competition)
Im reading this book right now and summarize it, I can tell that he touched almost all the important point in the book & almost all of the strategy also! Great job! there are few more important point to view of the book
Nice summary thank you so much, where it shows a quick snapshot about what this book is about, it doesn’t serve many of the ways a blue ocean can be created. I recommend reading the book for way many interesting details.
Great review Nathan thanks - and I'm now subscribed! Your review has encouraged me to buy the book and get really stuck in, so you should also have an affiliate link to Amazon - I don't think any of your followers would begrudge you earning a few cents from guiding them to buy a book that they know will bering them value! Your awesome contribution should get you paid!
Interesting concept, the first thing you need to think of before creating a business is what market you are going to choose. Contrary to this book's philosophy, Alex Hormozi's $100m offers book says to be in a growing market (the red ocean) but this book says not to.
actually blue ocean strategy is just a fancy term that they made to sell the "ideas" to the market. Blue ocean strategy is as good as saying coming out with a unique business idea that no one has (isn't that all along which everyone is striving to do, duh...) To use their term, some companies that are in the red ocean are those that are used to be in the so called blue oceans because they are the pioneers of that industry before more rivals copy them and saturate the market... likewise when you are in the blue ocean now, eventually your ocean will still turn red because other competitors will eventually want to emulate and copy your business idea... and the same cycle kicks in again, becoming red ocean. I think this red / blue ocean thing is a just a hype, a fancy term... explaining the obvious objective which all entrepeneurs have in mind, which is to have a unique business idea, period~ -.-
I liked the info at 1:50 - 1:59, but does that study come with market share info? Because if the 92 companies in Red Ocean Strategy only had about 40~50% market share it makes sense. Statistics can be misleading. Great video though!
I would like to adopt a Blue Ocean Strategy to Market MOOCs of 100 Wallets by Eliminating Examination Reducing Study Materials Raise Radio Create Audio Cassettes Kindly suggest how i can impliment this Book in my MOOC venture
Thank you for all your work. Please note, Horrible sound effects in your intro- these are painful to hear as someone with sensitive hearing. Like nails on a chalkboard but worse. Please consider changing this
Please I need your help, I'm into the Game Centre business where customers come over to play PS4 or Xbox games at a fee and it is very lucrative in my country, but I'm looking for the next evolution into the blue ocean space. Please help me out with strategies or steps I can take to move this business type into a monopoly
Monopolistic competition. Niche, But do your research. A classic mistake of American companies in foreign markets is to assume that these markets are open, with the example of cold cereal in China, when Chinese were perfectly fine with the hot meals they had in the morning.
Nice video and nice design but next time try to read the whole book not until chapter 2. I just finished the book and i was fascinated by how much more there is to it rather than the first chapters, which you don't include in your video. I would be great if you could include them, I'm not trying to hate,I'm trying to give you some valuable feedback to improve.
