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Sandy Hazenberg's avatar

Renee Mauborgne and W. Chan Kim wrote an article in the Harvard Business Review in 2004 called Blue Ocean Strategy. It involves constructing markets where competition does not exist. By creating and acquiring new demand, offering better value, and lowering costs, an organization positions itself for greater growth and profits through economies of scale. Name recognition and loyalty are long-lasting byproducts of the organization's outpacing of its rivals. The developers discourage technological innovation, focusing on the competition, and venturing too far from an organization’s wheelhouse, preferring to create better value in the same market with new solutions. Same concept, different name.

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