Blue ocean strategy book summery Essay Example | Topics and Well Written Essays - 1000 words

Blue maritime dodge obtain summer-flowering - Essay ExampleDue to this environment, the struggle for success in the business world has become a battle among the competing interests (Kim & Mauborgne, 2013). Originally, the violent ocean strategy was the most used mode of emerging top of the competition. However, the book talks about a new and different approach that is the unconsolable ocean strategy. The terms blue ocean strategy is metaphorical to the authors envisioning and perception of the strategy in physical terms.The red ocean strategy as tell apartd in the book refers to the previously most popular way of lashing the competition in the present environment. The red ocean strategy represents an environment where the rules of competition are specify and set. In addition, a well-known merchandise space exists (Kim & Mauborgne, 2013). The only way for companies to beat the competition in the red ocean strategies is by fighting and struggling to outdo each other by fetchi ng actions that make their products more appealing to the market. The actions taken in the end gradually reduce the profit adjustment of the products. Methods of winning in the red ocean strategy involve approaches such as lowering the wrong of commodities to be cheaper than the ones in the market (Kim & Mauborgne, 2013). An action like this puts pressure on other competitors in the market to take a similar action culminating into a chain effect. Consequently, the price of the product or assistance lowers further and so does the profit margins of the products or services. The author envisages the red ocean strategy as a gory competition to acquire a bigger market share of the product or service. The authors describe the main differences between the red ocean strategies and the blue ocean strategies. The approach towards market space whereby the red ocean strategies focuses on competing in existing market space while the blue ocean strategy relies on creating new uncontested marke t space which involves a great deal of innovation (Kim & Mauborgne,