ICTACT Journal on Management Studies

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Blue Ocean Strategy - Big Vision Small Steps


Affiliations
1 Devi Ahilya Vishwavidyalaya, India
2 Acropolis Faculty of Management and Research, India
     

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Neither the industries nor the companies are doing all smart things. In fact every industry or company must be definitely having a tumbling road. To improve the quality of success, every firm needs to understand what it did that has made a positive difference, so that it can be replicated. Making smart strategic moves create blue oceans. There is a constant need for businesses to stay ahead in this era of risk and instability as globalization, technological developments and greater transparency have forced organizations to create, innovate and improvise. Innovation keeps the momentum going and companies have to continuously work in Blue Ocean carving a niche in value innovation. This study focuses on Kim and Mauborgne "Four Action Framework" tool of Blue Ocean Strategy implemented by Indian Companies in the last two decades by maximizing opportunities, minimizing risks, lowering the price and adding more value thereby carving a niche in the market.

Keywords

Strategy, Strategic Changes, Blue Ocean Strategy, Value Innovation, Four Action Framework.
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  • Blue Ocean Strategy - Big Vision Small Steps

Abstract Views: 230  |  PDF Views: 0

Authors

Anant Gwal
Devi Ahilya Vishwavidyalaya, India
Rajeshwari Gwal
Acropolis Faculty of Management and Research, India

Abstract


Neither the industries nor the companies are doing all smart things. In fact every industry or company must be definitely having a tumbling road. To improve the quality of success, every firm needs to understand what it did that has made a positive difference, so that it can be replicated. Making smart strategic moves create blue oceans. There is a constant need for businesses to stay ahead in this era of risk and instability as globalization, technological developments and greater transparency have forced organizations to create, innovate and improvise. Innovation keeps the momentum going and companies have to continuously work in Blue Ocean carving a niche in value innovation. This study focuses on Kim and Mauborgne "Four Action Framework" tool of Blue Ocean Strategy implemented by Indian Companies in the last two decades by maximizing opportunities, minimizing risks, lowering the price and adding more value thereby carving a niche in the market.

Keywords


Strategy, Strategic Changes, Blue Ocean Strategy, Value Innovation, Four Action Framework.

References