What is Blue Ocean Strategy?
- BOS key terms - differentiation and low cost.
- The aim of BOS is to create new market space - making the competition irrelevant.
- BOS covers both strategy formulation and strategy execution.
- BOS frameworks and tools include: strategy canvas, value curve, four actions framework, six paths, buyer experience cycle and buyer utility map.
- The three key conceptual building blocks of BOS are: value innovation, tipping point leadership, and fair process.
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