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Vidyarjan Nugget # 36: Book titled “Blue Ocean Strategy”

Written by two INSEAD professors, this book provides the advice on how to create uncontested market space and make the competition irrelevant. It is one of the bestseller books on business strategy as its more than four million copies have been sold globally. It was originally published in year 2004 and the expanded edition came out in year 2015.

The book has three parts. First part explains what is blue ocean strategy and provides an analytical tool (Strategy canvas) and the four actions framework (eliminate-reduce-raise-create). Second part advises on how to formulate blue ocean strategy. Third part specifies guidelines for execution of blue ocean strategy. The book provides many examples such as Cirque du Soleil, Netjets, Southwest Airlines, Curves, Home Depot, Dyson, etc. to illustrate the concepts.

The website of this book has many resources like case studies, teaching material, blog, and an online course.

The link to this learning resource is http://bit.ly/vnl0036.

Happy Learning!

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