The framework I use is called the “Blue Ocean Strategy” And I want to show you how you can create your own “Blue Ocean” in your respective hiring regions or markets. Seeing is believing. Fair Process and Blue Ocean Strategy. Introduction. They didn’t compete in the same market from the conventional circus. Specifically, these new markets give a company a very high competitive advantage as well as low price/cost pressure. Using the five scenarios participants work in teams as they learn to apply key concepts of tipping point leadership and fair process. Conclusion. Blue Ocean Strategy is a concept that has been pioneered by INSEAD Professors, W. Chan Kim, and Renee Mauborgne. It asserts that for businesses to win in the future, they must stop competing. Print. Buy Copies. This strategy, which is based on extensive research of hundreds of companies spanning across decades and including several industries, proclaims that instead of battling competitors, companies can … Tipping point leadership allows you to overcome these 04 hurdles fast and at low cost while winning employees’ backing in executing a break from the status quo. Fair process builds execution into strategy by creating people's buy-in up front. Blue Ocean Strategy Formulation - The Four Principles Of Strategy Formation This blog article is a summary of the book by W. Chan Kim and Renée Mauborgne. These implementation principles are essential for leaders to overcome the four key organizational hurdles that can prevent even the best strategies from being … They created a new market. A good strategy should equally focus on execution & communication. 3 Examples Of Blue Ocean Strategy. They didn’t use animals or Hollywood… Academia.edu is a platform for academics to share research papers. The third and final part describes the two key implementation principles of blue ocean strategy including tipping point leadership and fair process. W. Chan Kim and Renée Mauborgne are Professors of Strategy at INSEAD and Co-Directors of the INSEAD Blue Ocean Strategy Institute. To minimize the risk of distrust, non-cooperation and even sabotage, the book recommends a “fair process” in making and executing strategy, which involves Engagement, Explanation and Expectation Clarity. In order to understand these characteristics, knowledge of Blue Ocean Strategy Canvas is essential. The strategy is specifically a marketing theory and thus, a marketing strategy. When fair process is exercised in the strategy making process, people trust that a level playing field exists. Blue Ocean Strategy Implementation Self-Diagnostic: Tipping Point Leadership and Fair Process in Action; How to Implement Blue Ocean Strategy; Blue Ocean Strategy: From Theory to Practice; Crafting Winning Strategies in a Mature Market: The US Wine Industry in 2001; Crafting Winning Strategies in a Mature Market: The … Using the five scenarios the participants work in teams as they learn to apply key concepts tipping point leadership and fair process. Build Execution into Strategy. In Blue Ocean Strategy, there are three simple characteristics or yard stick used to evaluate strategies – Focus, Divergence and Compelling tagline. blue ocean strategy Six Principles of Blue Ocean Strategy Executing Blue Ocean Strategy Build Execution into Strategy Fair Process of Strategy Strategy Formulation Process (3Es) Fair Process – Engagement, Explanation, Expectation clarity Attitudes Trust and Commitment – “I feel my opinions counts” … Using the five scenarios participants work in teams as they learn to apply key concepts of tipping point leadership and fair process… To explain further, W. Chan Kim and Renée Mauborgne introduced the difference between a red ocean and a blue ocean… This brings us to the 5th principle of blue ocean strategy: “Overcome key organizational hurdles to make blue ocean strategy happen in action”. The horizontal axis captures the range of factors that the industry competes on and invests in, and the vertical axis captures the offering level that buyers receive across all these key competing factors. Sep 30 12. Blue Ocean Strategy Implementation Self-Diagnostic: Tipping Point Leadership and Fair Process in Action Harvard Case Study Solution and HBR and HBS Case Analysis Related Posts Crafting Winning Strategies in a Mature Market: The US Wine Industry in … ... Blue Ocean Strategy Ch 7: Overcome Key Organizational … Diagnosis is divided into four main sections, institutional barriers (cognitive, resources, motivation, political) and one for a fair … Sep … Nike will activley pursue a transparent and holistic policy of "Fair Process" (Fish Bowl Management) External Barriers . Defining Blue Ocean Strategy: Red Ocean Versus Blue Ocean. Share. Other Details in “Blue Ocean Strategy” The strategy canvas is the central diagnostic and action framework for building a compelling blue ocean strategy. Create a culture of trust and commitment . Piece of self is composed of a series of survey questions that give participants a practical tool for managers t The Blue Ocean Strategy Implementation Self-Diagnostic is comprised of a series of probing questions that offer executive participants a practical tool for assessing the level of organizational hurdles that exist in their organization and the effectiveness of past and future strategies to overcome them. The Blue Ocean Strategy Implementation Scenario Case offers a set of interactive group scenarios which are designed to deepen the participants' understanding of blue ocean strategy implementation principles. ... Blue Ocean Strategy - Three ε Principles of Fair P... Blue Ocean Strategy - Conventional Wisdom vs Tippi... September 86. The Blue Ocean Strategy Implementation Scenario Case offers a set of interactive group scenarios which are designed to deepen the participants' understanding of blue ocean strategy implementation principles. Everyone in an organization must support and be aligned with strategy. Get PDF. Blue Ocean Strategy Implementation Scenario Case: Tipping Point Leadership and Fair Process in Action Case Solution, The Blue Ocean Strategy Implementation Scenario Case provides a series of interactive group scenarios designed to give the participants an understanding of Post. The strategy focuses on moving away from an existing market and seaching for new markets. Indeed, one hardly speaks of strategy without drawing on the vocabulary of competition — competitive strategy, competitive benchmarking, competitive advantages, outperforming the competition. Rules and Regulation Blue Ocean Strategy - Including Examples And PDF Download. The Idea in Brief . Nike will present a clear balanced scorecard at the very centre of the business, presenting all employees with the potential prosperity that the Blue Ocean Strategy provides. Blue Ocean Strategy – Patterns of Innovation We studied thousands of innovations throughout time, starting with the printing press. You develop uncontested space rather than fighting over a shrinking driver pool. Implementing the blue ocean strategy is generally achieved through tipping point leadership and fair process. The Blue Ocean Strategy implementation self-diagnostic is comprised of a series of probing questions that offer executive participants a practical tool for assessing the level of organizational Blue Ocean Strategy Implementation Self-diagnostic: Tipping Point Leadership and Fair Process in Action | The Case Centre, for educators We chose about 400 we think are the most impactful and wrote about them, one-by-one, in accurate, short, and easy-to-digest case studies. A company equals everyone from the top to the front lines. Blue Ocean strategy scenario provides a set of interactive scripts that are designed to deepen participants' understanding of the principles of blue ocean strategy implementation. In fact, most strategic prescriptions merely redefine the ways companies build advantages over the competition. Blue Ocean Strategy creates new demand. Take your strategy from a grand plan to the real deal with these free strategic planning templates. Blue Ocean Strategy Implementation Self-Diagnostic: Tipping Point Leadership and Fair Process in Action Case Solution, Implementation of the Blue Ocean strategy? So powerful is blue ocean strategy, in fact, that a blue ocean strategic move can create brand equity that lasts for decades. Comparative of Red Ocean and Blue Ocean The first highlighted case from the Blue Ocean Strategy book is the Cirque du Soleil. Blue Ocean Clarity Engagement Expectation Explanation Fair Process Strategy Tool Template Tags: Blue Ocean Buyer Clarity Cost Customer Engagement Execution Expectation Explanation Framework Innovation Leadership Migrator Pioneer PMS Red Ocean Sequence Settler Six Paths Strategic Planning Strategy Utility Values Blue Ocean Strategy is a series of self-probing questions that offer executive participants a practical tool for the assessment of institutional barriers that exist in their organization and the effectiveness of past and future strategies for overcoming them. This process helps refine ideas and identify opportunities with the most potential, minimizing risk. Save. Blue Ocean Strategy Implementation Scenario Case: Tipping Point Leadership and Fair Process in Action Case Solution, This Case is about COMPETITIVE STRATEGY, GOVERNMENT, INTERNATIONAL BUSINESS, LEADERSHIP, MANAGING ORGANIZATIONS, MOTIVATING PEOPLE, PSYCHOLOGY, STRATEGIC P (Get more details on the 3 “E Principles” from the book or our summary bundle). By fair process, engaging all affected people in the process, explaining to them the basis of decisions and the reasons people will be promoted or side-stepped in the future, and setting clear expectations of what that means to employees’ performance. In this article you will learn the plan they outline for how to make your competition irrelevant and have sales and profit growth in excess of anything you thought was even … Tweet. ... “Fair Process… Implementation requires company to address and overcome any or all of the hurdles to strategy execution. One of the first shows was titled “We Reinvent the Circus”. 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