• Create and capture new demand
Red Ocean Strategy
• Compete in existing market space
• Beat the competition
• Exploit existing demand
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Blue Ocean vs. Red Ocean Strategy
• what customers receive from existing competitive offerings on the market
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Four Action Framework
Eliminate
Raise
Reduce
Create
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Four Action Framework
Eliminate
The Three Tier of Noncustomers
• First tier: “Soon to be” noncustomers who are the edge of your market, waiting to jump ship
• Second tier: “Refusing” noncustomers who consciously choose against your market
• See which factors you should eliminate, create, or change
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2. Focus on the Big Picture, not the Numbers
ቤተ መጻሕፍቲ ባይዱ
Visual Strategy Fair
• Draw your “to be” strategy canvas based on insights from field observations