The Art of Blue Ocean Strategy (How to Build a $100 Million Company)

Подписаться 59 тыс.

Просмотров 24 тыс.

50% 1

The Art of Blue Ocean Strategy (How to Build a $100 Million Company) l Subscribe to Intelligent Encounters: www.youtube.co...
You're already reading this, so you might as well subscribe to our NEWSLETTER.
👉 Make smarter decisions.
👉 Never miss out on another key business or financial story.
👉 Be informed and make confident decisions before it's too late.
👉 Sign up for Intelligent Encounters. 👇
You can sign up to our newsletter by going to:
www.intelligentencounters.com
-----
Do you dream about launching a groundbreaking product and reaping all the benefits of being the first one on the market?
Or perhaps you want to reinvent the services you are already selling and turn your average company into one of the top tiers?
If so, we've got some good news for you: there's a proven business strategy that can help you become a pioneer in the industry and build a $100 million company in the process. It is called the Blue Ocean strategy.
Don't worry; there isn't anything fishy about this idea - despite the unusual name. W. Chan Kim and Renée Mauborgne, business school professors at INSEAD, first introduced the concept in 2005 in their book called Blue Ocean Strategy: How to Create Uncontested Market Space and Make the Competition Irrelevant.
So far, the book has been translated into 47 languages, and more than 4 million copies have been sold. In fact, this business strategy became so popular that the term is now a part of the standard business vocabulary.
What Is the Blue Ocean Strategy? (01:09)
What is Red Ocean? (02:11)
The Blue Ocean Mindset (03:20)
The Two Examples of Blue Ocean Companies (04:03)
How do you know if you need a blue ocean strategy for your company? (05:15)
How to Implement the Blue Ocean Strategy (06:01)
Five Steps to Developing a Blue Ocean Strategy (06:08)
The Four Actions Framework (07:39)
The Buyer Utility Map: Get the Strategic Sequence Right (08:25)
Six Paths Framework (08:56)
Is the Blue Ocean Strategy Bulletproof? (10:38)
Which Industries Can Benefit from the Blue Ocean Strategy? (11:09)
Do You Need to Be a Start-Up for the Blue Ocean Strategy to Work? (11:28)
Do You Have to Be the First Mover in the Market? (11:46)
Final Thoughts (12:15)
-----
All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, info@Intelligentencounters.com, and we can sort it out.
Contact: info@Intelligentencounters.com
Copyright © 2021 Intelligent Encounters, INC. All rights reserved.
DISCLAIMER:
This video does not provide investment or economic advice and is not professional advice (legal, accounting, tax). The owner of this content is not an investment advisor. Discussion of any securities, trading, or markets is incidental and solely for entertainment purposes. Nothing herein shall constitute a recommendation, investment advice, or an opinion on suitability. The information in this video is provided as of the date of its initial release. The owner of this video expressly disclaims all representations or warranties of accuracy. The owner of this video claims all intellectual property rights, including copyrights, of and related to, this video.

Опубликовано:

29 сен 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 42

@berniexu8819 Месяц назад

The background music is too loud, almost overwhelming your voice

@KarimMirhady Месяц назад

Taking a Blue Ocean approach means your goal isn't to outperform the competition or be the best in the industry. Instead, your aim is to redraw industry boundaries and operate within that new space, making the competition immaterial.

@nickvoutsas5144 Месяц назад

It’s all about establishing yourself as a monopoly with high barriers to entry.

@KarimMirhady Месяц назад

Blue Ocean Strategy requires a significant shift in mindset from competition to creation, which can be difficult for companies entrenched in traditional competitive strategies. Second, it involves a high degree of innovation and risk-taking, which may not be comfortable or feasible for all organizations. Applying the Blue Ocean Strategy to your sustainability strategy can help your organisation to reduce costs, generate new profit streams, reduce supply chain risks, increase resilience, and generate demand for new products and services whilst encouraging innovation, increase growth and create more robust relationships.

@KarimMirhady Месяц назад

An example of Blue Ocean Strategy is Cirque du Soleil. Instead of competing with traditional circuses, Cirque du Soleil created a new market space by combining elements of circus and theater, offering a unique entertainment experience that attracted a different audience.

@KarimMirhady Месяц назад

One of the primary benefits of decentralized AI is improved security and privacy. Traditional AI systems often require users to share their data with a central authority, posing significant privacy risks. Decentralized Artificial Intelligence, on the other hand, allows users to retain control over their data.

@KarimMirhady Месяц назад

Incremental innovation, or continuous improvement, is about making small upgrades to an existing product or service. Adjacent innovation is a common way to successfully enter new markets or categories. Disruptive innovation means bringing in new products or services that change the market or industry in a major way. Radical innovation is the creation of completely new ideas or technologies that can change current markets or create new ones. The purpose of customization is to provide clients with personalized items whenever and wherever they need them. Since buyer value comes from the utility and price a company offers, and a company generates value for itself through cost structure and price, blue ocean strategy is achieved only when the whole system of a company's utility, price, and cost activities is properly aligned.

@nickvoutsas5144 Месяц назад

Brilliant thinking whether you do incremental or game changing radical innovations is not the key to success, rather it is in measuring beforehand what the potential buyers will pay.

@KarimMirhady Месяц назад

Companies can use AI and blockchain together to transform business processes and influence digital transactions. The benefits include a further reduction in costs and a change in the customer experience when using online content and other digital interactions.

@nickvoutsas5144 Месяц назад

Blockchain helps build up profiles of your consumers especially if they are linked to psychographic aspects of your customers behaviour

@sportsmoments4007 2 года назад

Bro Carry on..awesome need your more different types of videos ❤️🔥

@KarimMirhady Месяц назад

In traditional centralized AI models, data is stored in one place. In contrast, in DAI, the data is distributed across the network, minimizing the risk of unauthorized access and single points of failure. Blockchain development provides an immutable and secure way of storing data and model updates.

@KarimMirhady Месяц назад

The constant evolution of AI technologies presents a fertile ground for businesses willing to explore blue oceans in digital marketing. Early adoption of AI innovations can provide a competitive edge, such as: Chatbots and virtual assistants that offer personalized customer service experiences at scale.

@KarimMirhady Месяц назад

Tax havens have many benefits for businesses, individuals and other entities. The biggest benefits are lower tax rates, the protection of privacy and secrecy laws and asset protection. Lower tax rates allow businesses, individuals and other entities to reduce their tax liability.

@nickvoutsas5144 Месяц назад

Needs don’t change the only thing that changes are value rendered which is either changing your business model or technology. Retail and office space vacancies created by online solutions

@SuelDormanli 3 месяца назад

I going to build Trillion dollars businesses you watch and 👀 because your imagination is not enough to reach my power because I got the power and power

@MuratDagcan 19 дней назад

Hall Karen Lee Karen Young Anthony

@janeben-caleb7418 Год назад

This is apt and the best i've encountered. Thanks!

@KarimMirhady Месяц назад

One of the most significant advantages of tokenizing commercial real estate is the increased liquidity it offers. Traditional real estate investments often suffer from illiquidity, with investors tied to their investments for extended periods. Smart contracts can automate various aspects of commercial leasing, such as lease creation and signing, rent payment and collection, and lease management and maintenance.

@mstr293 Месяц назад

Corporate Graveyard

@sojibrajii Год назад

Hey, Do you want professional RU-vid thumbnail designer,?

@sebastiansappy5327 6 месяцев назад

This video is blue ocean. Is very different from other videos in RU-vid

@nesrinemly1538 10 месяцев назад

this video is the best explanation that i jumped thtow in ytb🔥i think it would get million views if you just change the background music and make it a lot softer

@BrendanDell 2 года назад

Super useful video and brilliantly explains the Blue Ocean Strategy - My favourite sentence- is ''Turn obstacles into opportunities''. Couldn't agree more!