Key Facts and Insights from the Book
- Strategy is not merely operational effectiveness but rather a distinct way to compete.
- Differentiation and cost leadership are key strategic positions that organizations can use to gain a competitive advantage.
- The Blue Ocean Strategy presents a new way of thinking about strategy, urging businesses to create uncontested market space instead of competing in an existing one.
- Identifying and focusing on core competencies can give a competitive edge in a market.
- Strategic planning is an ongoing process, not a one-time event.
- Strategy execution is as important as strategy formulation.
- Using the Balanced Scorecard...