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Yes, because:
1- Blue ocean creates uncontested market space.
2- Create and capture new demand.
3- Align the whole system in pursuit of differentiation and low cost.
Innovation yes, technological advancement however is only a part of it.
Not necessarily
Technology innovation is just ONE piece (out of many others) in the overall INNOVATION JIGSAW PUZZLE which covers all aspects of the enterprise business model.
Furthermore, I would say that technology innovation is a second-level thing (among other types of innovation) after the fist/promary innovation is done on the marketing/sales/busdiness development side .
Creating your own blue ocean is basically identifying your own markets/customers where you do not have to fight competition and enter aggressive price wars to get a share of the market !!
Yes but more than innovation of technology it is a identfier tool for new business horizons, developing technology is a part of that.
agreed with all friends,,,
The concept of blue ocean gives the companies a new approach about
How to precieve competition in business
How to define the goals and related strategies
and in this approach Innovation plays a pivotal role. however it is about strategy
yes
Yes, and it is not exclusively only about technology innovations, but also any for business development and creation of new methodology in practice. It is also related to new consepts in work environment.
Yes, partially.
Leading-edge technology is sometimes involved in the creation of blue oceans, but it is not a defining feature of them. This is often true even in industries that are technology intensive. Historically, blue oceans were seldom the result of technological innovation per se; the underlying technology is often already in existence.
The blue oceans don't come about through technology innovations alone but by linking technology to what buyers valued such technology simplification.
Agree with Mr: Mohammed sai
