HARVARD CASE STUDY: BLUE OCEAN STRATEGY

Brief Description:This HBR article includes a one-page preview that quickly summarizes the key ideas behind a blue ocean strategy and provides an overview of how the concepts work in practice along with suggestions for further reading and study.

Overview: In studying more than 150 blue ocean creations in over 30 industries, the authors observed that the traditional units of strategic analysis–company and industry–are of limited use in explaining how and why blue oceans are created. The most appropriate unit of analysis is the strategic move, the set of managerial actions and decisions involved in making a major market-creating business offering. Creating blue oceans builds brands. So powerful is blue ocean strategy, in fact, that a blue ocean strategic move can create brand equity that lasts for decades. In order to make a significant strategic move, it is theorized that a managerial team must be skilled insystems thinking or systems theory.

Objectives:

• To build upon our discovery thus far as to waysmarketing strategies can create uncontested markets for brands / companies that offer new value to customers while also reducing companies’ costs.
• Relate concept of systems thinking / systems theory to a career in marketing management

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