Explain the ideas of red and blue ocean strategies.
Explain the ideas of red and blue ocean strategies.
Homework Answers
Red ocean refers to the market in which there are already many competitors and there is already intense competition in the market. Therefore, in a red ocean, a firm has reduced opportunities and it is difficult to obtain profitability or sustain in the red ocean.
The blue ocean refers to an unchartered territory in the market in which there are no or very few competitors. In the blue ocean, market competition is almost absent and the firm can explore the entire market by providing a unique product that serves the unfulfilled needs of the customer. The blue ocean provides immense opportunities for profitability to a firm.
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What is a blue ocean strategy? What is a red ocean strategy? Explain these from the perspective of company, competition, costs, and markets The authors allude to the fact that most companies borrow their strategic thinking from military models (see ‘Paradox of strategy’). How does this model affect perceptions related to competition and customers and what are the implications for creating value for markets (and employees!)? Using the ‘Snapshot of blue ocean creation’ exhibit, list and explain the key success...
Given a game matrix, determine which strategies to keep by graphing the strategies along the two axis lines. Find the optimal strategies, their ratios, and the value of the game. Red a) Blue 1[ 1...
Given a game matrix, determine which strategies to keep by graphing the strategies along the two axis lines. Find the optimal strategies, their ratios, and the value of the game. Red a) Blue 1[ 10T-7111-10 Axis 1 Axis 2 Axis 2 Axis 1 Red b) Blue 3 3 3 4 4 2
Given a game matrix, determine which strategies to keep by graphing the strategies along the two axis lines. Find the optimal strategies, their ratios, and the value of...
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Take a blue ocean approach of johnson & johnson, Could and/or should Johnson & Johnson change...
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A research ship in the Pacific Ocean is testing a new method of detecting pollutants in ocean wat...
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8. Which drug on the graph (red or blue) is more potent? Explain your reasoning. Response...
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Given a game matrix, determine which strategies to keep by graphing the strategies along the two axis lines. Find the optimal strategies, their ratios, and the value of the game. Red a) Blue 1[ 10T-7111-10 Axis 1 Axis 2 Axis 2 Axis 1 Red b) Blue 3 3 3 4 4 2
Given a game matrix, determine which strategies to keep by graphing the strategies along the two axis lines. Find the optimal strategies, their ratios, and the value of...
A research ship in the Pacific Ocean is testing a new method of detecting pollutants in ocean water (nw 1.3330). Their experimental apparatus includes two lasers which hang over the side of the ship and point downward into the water (the lasers themselves are suspended in the air above the surface of the ocean). One laser is violet (A 400 nm, a20 0.0044 m1) and the other is red (A 700 nm, a20 0.6 m1). Both lasers are very bright,...
8. Which drug on the graph (red or blue) is more potent? Explain your reasoning. Response (%) Logo Dose
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