INSEAD professors W. Chan Kim and Renée Mauborgne believe that too many firms engage in "red-ocean thinking"-seeking bloody, head-to-head battles with competitors based largely on incremental improvements in cost, quality, or both. They advocate engaging instead in "blue-ocean thinking." Explain the concept of blue-ocean strategy and provide some examples of marketers that exhibit this unconventional thinking.

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The Answer of INSEAD professors W. Chan Kim and Renée Mauborgne believe that too many firms engage in "red-ocean thinking"-seeking bloody, head-to-head battles with competitors based largely on incremental improvements in cost, quality, or both. They advocate engaging instead in "blue-ocean thinking." Explain the concept of blue-ocean strategy and provide some examples of marketers that exhibit this unconventional thinking.

INSEAD Professors W