Question

how university can go for blue ocean strategy ? the best way to drive profitable growth in blue ocean strategy? explain in detail 2500 words

Answer 1

Solution:

Let us start be explaining what is blue ocean strategy it is the continuos approach of making difference and low cost to open up a new market space and create new demands or we can say an altogether a new and better approach of competetion.

It is an need for each and every university in the current world. University can adapt the blue ocean strategy in many ways

these can be by visually enlightening upon a whole new approach : When we do a normal practice we see we all are in the place   where all the competition is there. Conversely, creating a strategic plan  enables you to see things that you could do to add value in innovative ways, and by doing so, open a new market space where your idea will be the first and the best.

After we awaken ourselves we have to go through exploring more and more new options.

Next approach could be building up a whole new strategy for the future. Unless and untill there is a perfect strategy for the execution of the idea it will be difficult to see a better you. It is important from the perspective of the whole new organization that each and every member have a visual an approach of it. Basically the very approach of blue ocean strategy is to outperform the competetion and build a whole new approach by setting up our own new approach to the the goals so that the competition is eliminated. Few of the examples which can be shown here can be entry-level airline reservationists receive college credit in airline operations,Call-center employees in the insurance industry earn college credit for quality customer service/insurance. Students/employees receive a college education on-site at their places of employment, at the employers’ expense. About 15,000 workers a year are educated in this new model of higher education.

These are the outcomes of blue ocean strategy .

Also many problems which students have to face can be overcome by the blue ocean strategy : such as adaptation according to the time means with the change in time new and new policies have to be implemented in order to progress further. They need to accept their role in this great transformation and harness the power of technology to apply it to their educational practices. Also many universities do not look upon the exact recquirements the industry wants in an potential employee so in order to that the universities have to train their students so that they are industry ready and are ready for any type of situations.Nowadays a hole new trend has come into the scene with students more towards  certification courses, free online programs or other formal and informal channels. This definitely will give you the particular subject knowledge but the environment of the university will be missing as the overall growth of the students only comes into the university. Hence in order to attract the students towards the education of the university the university has to come up with the blue ocean strategy..

Also blue ocean strategy has an phycological and physical changes too:

Such as mindset the mindset of the people completely changes when we talk about the blue ocean strategy where it involves expanding mental limits  and shifting understanding towards the opporunity. The use of practical approaches is the one of the major changes which have been done in order to obtain the desired output. This is one of the way towards the blue ocean strategy. Also one of the possible change the blue ocean strategy brings about is human ness which gives a boost to the confidence to the people.and they can work better.

Now coming towards bringing about the best possible way to drive profitable growth in the strategy is:

Rather than going more towards the the theorotical approach going through the practical approach is important. So that we can see the actual scenario clearly upfront hence the blue ocean strategy clearly suggests that it is better to approach the challenges practically rather than theorotically. Another approach is not worrying about the competition. The more this approach is incorporated the more efficietly and pressure free environment can be seen hence this is important .

It also gives a platform for testing before execution this approach is really important when it comes to the formation of the blue ocean strategy as it gives you an platform to test before execution. Hence this was the inside- out of the blue ocean strategy we saw the implementation part how the difficulties can be overcome by using this strategy and further execution.

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