🎯 Key Takeaways for quick navigation: 00:00 🚀 *Introduction to Blue Ocean Strategy* - The video introduces the concept of the Blue Ocean Strategy, emphasizing its relevance for dominating the market and outperforming competitors. - Entrepreneurs are encouraged to study the book as a fundamental guide for success. 01:23 🌊 *Blue Ocean vs. Red Ocean* - The metaphor of blue and red oceans is explained, with blue representing a space without competition and red symbolizing intense competition. - The consequences of choosing between blue and red oceans are discussed, highlighting the challenges in the red ocean. 02:32 📊 *Study on Blue Ocean Profitability* - A study is presented, analyzing 108 companies and their new business launches. - Companies focusing on creating a blue ocean contribute 61% of total profits, indicating the strategy's effectiveness. 03:12 💡 *Cornerstone: Value Innovation* - Value innovation, the cornerstone of the Blue Ocean Strategy, is introduced as providing higher customer value at a lower cost. - The counterintuitive concept of offering higher value while reducing costs is explained. 03:54 🍇 *Casella Wines Case Study* - Casella Wines' case study illustrates the application of Blue Ocean tools, such as the "strategy canvas" and the "four actions framework." - The four actions framework (eliminate, reduce, raise, create) is explained, showcasing how Casella Wines applied it. 07:47 🍷 *Success of Yellowtail Wine* - The success of Yellowtail wine is detailed, explaining how Casella Wines created a new market and made the competition irrelevant. - Yellowtail not only stole sales but also grew the market by bringing in non-wine drinkers. 08:15 🧭 *Six Practical Tips for Blue Ocean Opportunities* - Six practical tips, known as the six-path framework, are provided to identify Blue Ocean opportunities. - Tips include looking at functional or emotional appeal, exploring alternative industries, considering complementary products, analyzing strategy groups, examining the chain of buyers, and recognizing industry trends. Made with HARPA AI
🎯 Key points for quick navigation: 00:40 *🌊 Blue ocean focuses on creating new market spaces, while red ocean competes within existing markets.* 01:35 *🚀 Blue ocean strategies emphasize creating new demand and unique value propositions to reduce competitive pressures.* 03:11 *🎯 Value innovation in blue ocean strategy combines differentiation and cost leadership to appeal to a broader customer base.* 05:03 *🌐 Blue ocean strategy involves reconstructing market boundaries to explore new opportunities beyond existing industry limits.* 07:21 *📺 Netflix and Tesla are real-world examples of companies that successfully implemented blue ocean strategies by creating new market spaces with innovative products and services.* Made with HARPA AImm
I’ve now watched almost all of your videos, still have 3 or 4 to go. You have such an amazing talent for breaking down complex information into simple, easy to understand storytelling and imaging. You’re a rock star storyteller and educator in a world full of information overload. Phenomenal work, so well done! Bravo!!!!!
It's Ai. The whole thing. The voice, the graphics, all of it. I hope you didnt think that was her actual hand nor her voice lol. This was definently done through a new age editing platform
Blue Ocean Strategy has been developed by two professors of INSEAD. It has 8 core points. One of these states that instead of being in competition, exceed competition by being distinctive through innovation for instance.
don't forget to make time for a REAL Successful life by making sure the people you care about KNOW You care about them and making time to make good memories of nice times together yes money is needed but after decades I'm seeing the real important things are good time spent talking with and spending nice time with people we care about and doing nice things we would like to experience in life yes the money helps, but it's a sad ending to life if we didn't LIVE It and enjoy it too and spend nice time making sure people we care about know we care about them good luck folks
Amazing, you made it so simple to understand. People like you are blessing to the society. I am on mission to finish all your material. I will be an improved version of myself upon finishing all. Thank you so much.
This channel was a great discovery! I end up reading the books you recommend and enjoy them twice! Thank you for adding value to me and all the subscribers! :)
Value innovation - high value at lower cost Strategy Canvas screenshot of the market. 4 actions : eliminate reduce (cost) raise create (value) (factors of the industry) Create a new market to eliminate competition. 1. Look across functional (to emotional) or emotional (to functional) appeal to customers 2. Look across alternate industries 3. Look across
I love the content, its a shame that my organisation is to slow to see opportunities. Downhill of missed opportunities and now they haven't invested and it's going south from here
While Ford gets the credit for the car assembly line.... Ransom Olds created the assembly line, for the Oldsmobile. One other aspect I customer service, delivering a good experience. As well as quality product and service. I'm a self employed finish Carpenter to perform the project must perform exceptional results.
Spot on about the risks of creating something original - you might end up educating the market more than selling. It's tough when people are set in their ways and are not ready to embrace new products, even if they're better. And yeah, market education can be a resource black hole. Plus, the timing issue is real; remember the smartphones before the iPhone? Also, spot on about investors often playing it safe with familiar industries.
Thanks for always creating very impactful videos. Just a suggestion, consider reminding people to subscribe or like the videos. Sometimes though one is really enjoying the content, it slips the mind to like/comment, a gentle reminder will definitely help so that this great content can reach many other people who may benefit from it
Appreciate all your efforts in creating such an awesome videos, your explanation and presentation are amazing. I regularly watch your videos. Could you please create something on investing and trading stock markets. Have a great time....
Great video, a number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 60, I would appreciate any advice on potential investments.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
renowned for her proficiency and expertise in the financial market, “Catherine Morrison Evans” my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Thanks, i have listened to this book twice, but the authours aren't the readers and I find that an issue with audiobooks, it's just not conveying the information with the right passion and belief, you know? I do feel like this is a topic I need to study and then do exercises on, I must go look for some workbooks about it, LOL.
Super Simple! Just create a completely new and unique product never before seen!! Easy!! Only 8.5 Billion people's ideas to compete with! *goes on to describe a wine company with insanely large marketing budget* Either you saved me reading a very bad book or did a great injustice to it.
👉📕 Buy the book here: amzn.to/41dL59S
🎯 Key Takeaways for quick navigation:
00:00 🚀 *Introduction to Blue Ocean Strategy*
- The video introduces the concept of the Blue Ocean Strategy, emphasizing its relevance for dominating the market and outperforming competitors.
- Entrepreneurs are encouraged to study the book as a fundamental guide for success.
01:23 🌊 *Blue Ocean vs. Red Ocean*
- The metaphor of blue and red oceans is explained, with blue representing a space without competition and red symbolizing intense competition.
- The consequences of choosing between blue and red oceans are discussed, highlighting the challenges in the red ocean.
02:32 📊 *Study on Blue Ocean Profitability*
- A study is presented, analyzing 108 companies and their new business launches.
- Companies focusing on creating a blue ocean contribute 61% of total profits, indicating the strategy's effectiveness.
03:12 💡 *Cornerstone: Value Innovation*
- Value innovation, the cornerstone of the Blue Ocean Strategy, is introduced as providing higher customer value at a lower cost.
- The counterintuitive concept of offering higher value while reducing costs is explained.
03:54 🍇 *Casella Wines Case Study*
- Casella Wines' case study illustrates the application of Blue Ocean tools, such as the "strategy canvas" and the "four actions framework."
- The four actions framework (eliminate, reduce, raise, create) is explained, showcasing how Casella Wines applied it.
07:47 🍷 *Success of Yellowtail Wine*
- The success of Yellowtail wine is detailed, explaining how Casella Wines created a new market and made the competition irrelevant.
- Yellowtail not only stole sales but also grew the market by bringing in non-wine drinkers.
08:15 🧭 *Six Practical Tips for Blue Ocean Opportunities*
- Six practical tips, known as the six-path framework, are provided to identify Blue Ocean opportunities.
- Tips include looking at functional or emotional appeal, exploring alternative industries, considering complementary products, analyzing strategy groups, examining the chain of buyers, and recognizing industry trends.
Made with HARPA AI
Nobody could have made it so simple, comprehensive and practical. Cudos to you and your team! 😄👍
🎯 Key points for quick navigation:
00:40 *🌊 Blue ocean focuses on creating new market spaces, while red ocean competes within existing markets.*
01:35 *🚀 Blue ocean strategies emphasize creating new demand and unique value propositions to reduce competitive pressures.*
03:11 *🎯 Value innovation in blue ocean strategy combines differentiation and cost leadership to appeal to a broader customer base.*
05:03 *🌐 Blue ocean strategy involves reconstructing market boundaries to explore new opportunities beyond existing industry limits.*
07:21 *📺 Netflix and Tesla are real-world examples of companies that successfully implemented blue ocean strategies by creating new market spaces with innovative products and services.*
Made with HARPA AImm
Blue Ocean: "the rules of the game haven't been set yet". Despite having read read the book several times, this statement is so fresh! Thank you!
Thanks!
Woww thanks a lot @Silent_Awareness for your generous donation
This is correct. This lady explains very clearly, almoat eliminating the need to read the book. I love that
I’ve now watched almost all of your videos, still have 3 or 4 to go. You have such an amazing talent for breaking down complex information into simple, easy to understand storytelling and imaging. You’re a rock star storyteller and educator in a world full of information overload. Phenomenal work, so well done! Bravo!!!!!
It's Ai. The whole thing. The voice, the graphics, all of it. I hope you didnt think that was her actual hand nor her voice lol. This was definently done through a new age editing platform
I binge watched all your videos. Thank you for sharing all of these knowledge and wisdom in simple and easy to understand videos.
Thanks!
This the most CLEAR EXPLANATION I HAVE EVER COME ACROSS on the Book 'BLUE OCEAN STRATEGY' 😉 AND great Voice too!!😂😂
True, I've heard many summaries of this book and this is by far the most simplified and well articulated. Passion detected❤
AI voice for anyone wondering.
@@dietbajablast5790I’d still tap that. 🤣✌️
Blue Ocean Strategy has been developed by two professors of INSEAD. It has 8 core points. One of these states that instead of being in competition, exceed competition by being distinctive through innovation for instance.
Thank you so so much for this!!! your explanation of key points , tools and principles is superb! God Bless and keep educating the WORLD!
don't forget to make time for a REAL Successful life by making sure the people you care about KNOW You care about them and making time to make good memories of nice times together
yes money is needed but after decades I'm seeing the real important things are good time spent talking with and spending nice time with people we care about
and doing nice things we would like to experience in life
yes the money helps, but it's a sad ending to life if we didn't LIVE It and enjoy it too and spend nice time making sure people we care about know we care about them
good luck folks
Best comment here..in my opinion ❤
I need to get used to using the blue ocean strategy. Thank you for informing me.
Finch's strategies on 4ra are spot on, bro. Betting on cricket just got a lot smarter!
I am impressed with this kind of summary and am sure I will look for that book and read it
little bit better makes me better .... love this thanks
Wow.I just finish reading a whole book,with the help of this summary
Amazing, you made it so simple to understand. People like you are blessing to the society. I am on mission to finish all your material. I will be an improved version of myself upon finishing all. Thank you so much.
Thank you 🙏🏼 this is my project to one of my module and now I have understood whats blue and red ocean. ❤️ save me time, thank you once again.
This was amazing. You've just gained a new subscriber!
You're doing well. Thanks
This vid was way better than I was expecting! I thought it wouldn’t apply to my work, but I was so wrong.
Yellowtail was my first positive introduction to wine! It worked 😆
Thank u so much ❤😊I really enjoy ur videos. U make it very understandable and summarise the books very well. Much appreciated
This channel was a great discovery! I end up reading the books you recommend and enjoy them twice! Thank you for adding value to me and all the subscribers! :)
Blue 🔵💙 Ocean 🌊💦 strategy 🎉❤
Thanks a lot for sharing. This was very helpful 🤝❗
excellent explanation. thank you!
Your channel is a Gold mine
watched it 3 times now and still loving it. thanks for the great content..... dont see myself ready and entire book anymore hahahah
Value innovation - high value at lower cost
Strategy Canvas screenshot of the market.
4 actions : eliminate reduce (cost) raise create (value) (factors of the industry)
Create a new market to eliminate competition.
1. Look across functional (to emotional) or emotional (to functional) appeal to customers
2. Look across alternate industries
3. Look across
I love the content, its a shame that my organisation is to slow to see opportunities. Downhill of missed opportunities and now they haven't invested and it's going south from here
You deserves million subscribers 🙂✌
A truly great summary, thanks!
While Ford gets the credit for the car assembly line....
Ransom Olds created the assembly line, for the Oldsmobile.
One other aspect I customer service, delivering a good experience.
As well as quality product and service.
I'm a self employed finish Carpenter to perform the project must perform exceptional results.
The author is a genius
Thank u Ms I really enjoy your informations
Heard any good tips My brother gave me a few pointers, but I’m still figuring out the best strategies
How can I use the blue ocean strategies for my uevstol caribbean airline company?
Spot on about the risks of creating something original - you might end up educating the market more than selling. It's tough when people are set in their ways and are not ready to embrace new products, even if they're better. And yeah, market education can be a resource black hole. Plus, the timing issue is real; remember the smartphones before the iPhone? Also, spot on about investors often playing it safe with familiar industries.
Every new 4ra promo makes me want to bet more. they’re doing an amazing job.
Your videos are amazing! Real food for thought. Thank you!
Thanks for always creating very impactful videos. Just a suggestion, consider reminding people to subscribe or like the videos. Sometimes though one is really enjoying the content, it slips the mind to like/comment, a gentle reminder will definitely help so that this great content can reach many other people who may benefit from it
Peptides is a good thing too. There is a market but room for others.
I got such a good idea for my industry your videos just keep making it better.
Hello Casey listen ???
Hope you can also summarize Breakthrough Advertising by Eugene Schwartz
How can I incorporate this in a Mealprep company
thank you!
This is the best explanation ever, can you do more books please?
Thank u so much ❤❤❤
I needed this video
The AI voice is amazing. Like the content, like the explanations. Superb overall.
What is the difference between purchaser and user? 16:50
thank you fo valuble content
you have helped me so much starting my channel thank you my friend 🥰
Aww
Very useful..thank you 😊
Appreciate all your efforts in creating such an awesome videos, your explanation and presentation are amazing. I regularly watch your videos.
Could you please create something on investing and trading stock markets.
Have a great time....
thanks greatly 🙏
I know, right, friend? His gameplay analysis is why I trust 4RBT now. Finch knows his cricket!
Great video, a number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 60, I would appreciate any advice on potential investments.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
Could you possibly recommend a trustworthy advisor you've consulted with?
renowned for her proficiency and expertise in the financial market, “Catherine Morrison Evans” my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I would rather start in the red ocean since the clients are there already.
And you think you're going to compete with sharks already there? Try competing with Walmart in their red ocean. Good luck
Mainly sticking to cricket betting. My friend swears it’s the best platform for it. What about you
amazing video!! ...where is the summary of the book who not how
Thank you! Keep doing more videos!
I'm very grateful for your content. Thank you so much
Thank you ❤
make a detail video about miracles of compounding? thanks
Amazing.....even an dumb will sound expert after watching this video with so much in depth, easy to connect content with full of examples 👏🏻
ok, I like the example given here
Good video.
They legally are brother and sister does that not get mentioned in the video Joe is his legal guardian and did adopt him
Haha….the value of my company this year agrees 👍
I've got a blue ocean how do you put it into action and business plan to present to someone.
This is a gem.
Is this available on Spotify or any podcast hosting site? Love this stuff
Starbucks is a perfect example of the blue ocean book
In some Business there are people who are very blind even though it’s very Crowed
Great vid!
What is this editing software called?
excellent video
But how do you protect your blue oceans from other competitors?
How do I know if a company operates functional or emotionally
Blue Ocean Strategy: Aims to innovate and provide unique value propositions that attract new customers and open up untapped markets
Coincidentally my ideas used all of these principles
Superb
Thank you ❤ this is very helpful
Realtors come to mind for Red ocean
Thanks, i have listened to this book twice, but the authours aren't the readers and I find that an issue with audiobooks, it's just not conveying the information with the right passion and belief, you know? I do feel like this is a topic I need to study and then do exercises on, I must go look for some workbooks about it, LOL.
Super Simple! Just create a completely new and unique product never before seen!! Easy!! Only 8.5 Billion people's ideas to compete with!
*goes on to describe a wine company with insanely large marketing budget*
Either you saved me reading a very bad book or did a great injustice to it.
The red wine example is more like Red Ocean Parting strategy..
Great quality video, not just the content!
Thank you!
Hey there, i have a question?
Great vid!
How do you create these videos ? An application or video maker ?
Thankyou so much i have been waiting for this😍😍😍
loved the video
I have a question?
"You had to 'use people', am I understanding this?"
i dont really understand the ford example