The Art of Blue Ocean Strategy (How to Build a $100 Million Company)

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Do you dream about launching a groundbreaking product and reaping all the benefits of being the first one on the market?
Or perhaps you want to reinvent the services you are already selling and turn your average company into one of the top tiers?
If so, we've got some good news for you: there's a proven business strategy that can help you become a pioneer in the industry and build a $100 million company in the process. It is called the Blue Ocean strategy.
Don't worry; there isn't anything fishy about this idea - despite the unusual name. W. Chan Kim and Renée Mauborgne, business school professors at INSEAD, first introduced the concept in 2005 in their book called Blue Ocean Strategy: How to Create Uncontested Market Space and Make the Competition Irrelevant.
So far, the book has been translated into 47 languages, and more than 4 million copies have been sold. In fact, this business strategy became so popular that the term is now a part of the standard business vocabulary.
What Is the Blue Ocean Strategy? (01:09)
What is Red Ocean? (02:11)
The Blue Ocean Mindset (03:20)
The Two Examples of Blue Ocean Companies (04:03)
How do you know if you need a blue ocean strategy for your company? (05:15)
How to Implement the Blue Ocean Strategy (06:01)
Five Steps to Developing a Blue Ocean Strategy (06:08)
The Four Actions Framework (07:39)
The Buyer Utility Map: Get the Strategic Sequence Right (08:25)
Six Paths Framework (08:56)
Is the Blue Ocean Strategy Bulletproof? (10:38)
Which Industries Can Benefit from the Blue Ocean Strategy? (11:09)
Do You Need to Be a Start-Up for the Blue Ocean Strategy to Work? (11:28)
Do You Have to Be the First Mover in the Market? (11:46)
Final Thoughts (12:15)
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DISCLAIMER:
This video does not provide investment or economic advice and is not professional advice (legal, accounting, tax). The owner of this content is not an investment advisor. Discussion of any securities, trading, or markets is incidental and solely for entertainment purposes. Nothing herein shall constitute a recommendation, investment advice, or an opinion on suitability. The information in this video is provided as of the date of its initial release. The owner of this video expressly disclaims all representations or warranties of accuracy. The owner of this video claims all intellectual property rights, including copyrights, of and related to, this video.

[@KarimMirhady]

Taking a Blue Ocean approach means your goal isn't to outperform the competition or be the best in the industry. Instead, your aim is to redraw industry boundaries and operate within that new space, making the competition immaterial.

[@nickvoutsas5144]

It’s all about establishing yourself as a monopoly with high barriers to entry.

[@sportsmoments4007]

Bro Carry on..awesome need your more different types of videos ❤️🔥

[@KarimMirhady]

Incremental innovation, or continuous improvement, is about making small upgrades to an existing product or service. Adjacent innovation is a common way to successfully enter new markets or categories. Disruptive innovation means bringing in new products or services that change the market or industry in a major way. Radical innovation is the creation of completely new ideas or technologies that can change current markets or create new ones. The purpose of customization is to provide clients with personalized items whenever and wherever they need them. Since buyer value comes from the utility and price a company offers, and a company generates value for itself through cost structure and price, blue ocean strategy is achieved only when the whole system of a company's utility, price, and cost activities is properly aligned.

[@nickvoutsas5144]

Brilliant thinking whether you do incremental or game changing radical innovations is not the key to success, rather it is in measuring beforehand what the potential buyers will pay.

[@KarimMirhady]

One of the most significant advantages of tokenizing commercial real estate is the increased liquidity it offers. Traditional real estate investments often suffer from illiquidity, with investors tied to their investments for extended periods. Smart contracts can automate various aspects of commercial leasing, such as lease creation and signing, rent payment and collection, and lease management and maintenance.

[@KarimMirhady]

One of the primary benefits of decentralized AI is improved security and privacy. Traditional AI systems often require users to share their data with a central authority, posing significant privacy risks. Decentralized Artificial Intelligence, on the other hand, allows users to retain control over their data.

[@KarimMirhady]

Companies can use AI and blockchain together to transform business processes and influence digital transactions. The benefits include a further reduction in costs and a change in the customer experience when using online content and other digital interactions.

[@nickvoutsas5144]

Blockchain helps build up profiles of your consumers especially if they are linked to psychographic aspects of your customers behaviour

[@KarimMirhady]

An example of Blue Ocean Strategy is Cirque du Soleil. Instead of competing with traditional circuses, Cirque du Soleil created a new market space by combining elements of circus and theater, offering a unique entertainment experience that attracted a different audience.

[@janeben-caleb7418]

This is apt and the best i've encountered. Thanks!

[@KarimMirhady]

In traditional centralized AI models, data is stored in one place. In contrast, in DAI, the data is distributed across the network, minimizing the risk of unauthorized access and single points of failure. Blockchain development provides an immutable and secure way of storing data and model updates.

[@KarimMirhady]

Blue Ocean Strategy requires a significant shift in mindset from competition to creation, which can be difficult for companies entrenched in traditional competitive strategies. Second, it involves a high degree of innovation and risk-taking, which may not be comfortable or feasible for all organizations. Applying the Blue Ocean Strategy to your sustainability strategy can help your organisation to reduce costs, generate new profit streams, reduce supply chain risks, increase resilience, and generate demand for new products and services whilst encouraging innovation, increase growth and create more robust relationships.

[@nesrinemly1538]

this video is the best explanation that i jumped thtow in ytb🔥i think it would get million views if you just change the background music and make it a lot softer

[@berniexu8819]

The background music is too loud, almost overwhelming your voice

[@BrendanDell]

Super useful video and brilliantly explains the Blue Ocean Strategy - My favourite sentence- is ''Turn obstacles into opportunities''. Couldn't agree more!

[@simplyInvent]

amazing editing

[@KarimMirhady]

Tax havens have many benefits for businesses, individuals and other entities. The biggest benefits are lower tax rates, the protection of privacy and secrecy laws and asset protection. Lower tax rates allow businesses, individuals and other entities to reduce their tax liability.

[@nickvoutsas5144]

Needs don’t change the only thing that changes are value rendered which is either changing your business model or technology. Retail and office space vacancies created by online solutions

[@KarimMirhady]

The constant evolution of AI technologies presents a fertile ground for businesses willing to explore blue oceans in digital marketing. Early adoption of AI innovations can provide a competitive edge, such as: Chatbots and virtual assistants that offer personalized customer service experiences at scale.

[@deepdude4719]

What happened to this channel?? Why is not posting??

[@animeshtiwari9385]

This IS a good video. Quite informative

[@IntelligentEncounters]

Thank you Animesh

[@animeshtiwari9385]

@@IntelligentEncounters yeah man...infact let's connect on linkedin

[@tarekshorts8053]

Could you please do a video on asteroid mining?

[@xnxtrule]

Super

[@sebastiansappy5327]

This video is blue ocean. Is very different from other videos in KZbin

[@lakelordschannel2118]

Awesome content. It's different from the conventional videos. Truly an intelligent encounter.

[@IntelligentEncounters]

Thank you

[@flamboyant-r5y]

Best video of this strategy - kzbin.info/www/bejne/a4WsfYeKo9mklbc

[@tharakadhu]

❤️❤️❤️

[@sojibrajii]

Hey, Do you want professional KZbin thumbnail designer,?

[@SuelDormanli]

I going to build Trillion dollars businesses you watch and 👀 because your imagination is not enough to reach my power because I got the power and power

[@billimmanuel2935]

Perfect example of this is Apple.

[@mstr293]

Corporate Graveyard

[@oanhdo6912]

Nothing new. It copies what in Zero to One book by Peter Thiel published in 2014.

[@robins165]

the blue ocean strategy is published 2005

[@Carter-io8ee]

🙂 pքɾօʍօʂʍ