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As Motorola learned, a breakthrough in technology is not necessarily synonymous with a breakthrough in value that can attract the mass of target buyers. The Iridium was a useful technological feat that worked around the world, including the far reaches of the Gobi desert, but did not work in buildings and cars, the precise places that global executives on the move most needed them to work. It failed to create a leap in value for its target mass of buyers — business executives.
The most important characteristics of blue ocean strategy is a new way of solving users’ pains, which means creating the solution no one expected to exist, but that everyone needed. This is called value innovation.“The best way to beat the competition is to stop trying to beat the competition” - Chan Kim and Renée Mauborgne
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Minerva
February 6, 2023Hi talisconsults.com administrator, Your posts are always well structured and easy to follow.