Wiley Encyclopedia of Management 2015
DOI: 10.1002/9781118785317.weom120024
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Blue Ocean Strategy

Abstract: Blue ocean strategy provides a theoretical framework and a practical roadmap for companies to break away from the cutthroat competition in existing industries and create new market space of profitable growth. Whereas competitive strategy stresses the importance of choosing a distinctive position of either differentiation or cost leadership under structural constraint, blue ocean strategy aims at breaking the trade‐off between value and cost through cognitive reconstruction of market elements across industry bo… Show more

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Cited by 6 publications
(4 citation statements)
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“…In reality, only a small upper crust of indie games catch the attention of streamers and influencers in the first place, and the process by which they do so is anything but straightforward. These stories also ignore the 'survivor bias' of early adopters of new game production and distribution techniques; what begins as an exciting new 'blue ocean' quickly becomes a hyper-competitive 'red ocean' as other developers attempt to emulate the success stories (Mi, 2015) -indeed, breakout games like Stardew Valley and Among Us occupy significant platform real estate, making it that much more difficult for newcomers to capture attention. Melvin alludes to this, saying part of the challenge for developers is keeping abreast of new avenues for promotion and distribution, without falling into the trap of replicating strategies that no longer work.…”
Section: Streaming Success Stories and Cultural Intermediationmentioning
confidence: 99%
“…In reality, only a small upper crust of indie games catch the attention of streamers and influencers in the first place, and the process by which they do so is anything but straightforward. These stories also ignore the 'survivor bias' of early adopters of new game production and distribution techniques; what begins as an exciting new 'blue ocean' quickly becomes a hyper-competitive 'red ocean' as other developers attempt to emulate the success stories (Mi, 2015) -indeed, breakout games like Stardew Valley and Among Us occupy significant platform real estate, making it that much more difficult for newcomers to capture attention. Melvin alludes to this, saying part of the challenge for developers is keeping abreast of new avenues for promotion and distribution, without falling into the trap of replicating strategies that no longer work.…”
Section: Streaming Success Stories and Cultural Intermediationmentioning
confidence: 99%
“…The distinction is namely achieved through four steps: eliminate, reduce, enhance and create value. The cost curve also contributes to the creation of company's mission indicating as basic elements those related to value growth [18].…”
Section: Fig 3 the Updated Strategic Canva Of Domestic Cinema Network * Developed By The Authorsmentioning
confidence: 99%
“…164-65;Johnson et al 2017, p. 85). There are also various encyclopedia entries about BOS (Low and Ang 2013;Mi 2015). Moreover, BOS is covered in recent MBA-style handbooks aimed at an audience of practitioners Mark 2015, 2017).…”
Section: Blue Ocean Strategymentioning
confidence: 99%
“…A second explanation is that there is less of a need to "Google" management concepts as they become well-known and established in managerial education and practice (Madsen 2016a). This could well be the case for BOS, since the concept has become part of the standard vocabulary in the field of strategy and management (Birkinshaw and Mark 2017;Low and Ang 2013;Mi 2015).…”
Section: Awareness and Interestmentioning
confidence: 99%