Question 9
Blue Ocean Strategy product implies the creation of a product that creates new market space.
An entirely new market space is created by such product and such product captures the entire market with no competition being able to survive.
Segway has created a new market space with respect to motorized two-wheel ride vehicle.
So,
The Segway is an example of a successful blue ocean strategy product.
Thus,
The given statement is True.
Question 9 of 25 The Segway is an example of a successful blue ocean strategy product....
Can you provide an example of a company with a blue ocean strategy? Is there are a red ocean example?
Discuss an example of a company that has employed a Blue Ocean Strategy. What are the value innovations that they delivered to customers? In creating a Blue Ocean with no competition, what process was eliminated? What standards were reduced? What standards were raised? What elements from adjacent industries were used to create a new user experience? What advantage does the company have and how will they sustain it?
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Question 23 of 25 A diner offering extremely long french fries is more likely than a diner offering ordinary french fries to be operating in a blue ocean market. O True O False