Blue Ocean: The ERRC Strategy Canvas
Identify what to eliminate, reduce, raise, and create relative to your industry to build a competition-free market.
Goal
Escape the competitive red ocean and create a blue ocean that generates new demand instead of fighting for share.
Steps
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1
Draw a "strategy canvas": x-axis = the 7-10 competitive factors in your industry, y-axis = your offering level from 0 to 10.
Expected Outcome
Evidence base
School: Blue Ocean Strategy / Value Innovation
Founders: W. Chan Kim · Renée Mauborgne (2005)
From "Blue Ocean Strategy" (Kim & Mauborgne, 2005). Study of 150 strategic moves over 100 years in 30 industries found blue ocean moves yield 5-10x returns.
Keywords
Frequently asked questions
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