Options, elements and steps required to form your business's marketing plan and an example of how systematic innovation can create victories in the market. Features tools and credits Blue Ocean Strategy by Kim and Mauborgne.
16. Blue Ocean Strategy 2005 Publication Kim & Mauborgne (INSEAD) Pursues systematic innovation as marketing strategy
17. B.O.S. Tools Strategy Canvas + Value Curve Example: US Wine Industry, Late 1990’s High Premium Wines OFFERING LEVEL Budget Wines Low Wine range Above-the-line marketing Vineyard prestige and legacy Price Use of enological terminology Aging quality Wine complexity PRINCIPAL FACTORS
18. B.O.S. Tools Four Actions Framework Reduce Which factors should be reduced well below industry standards? Create Eliminate Which factors should be created that the industry has never offered? Which of the factors that the industry takes for granted should be eliminated? A New Value Curve Raise Which factors should be raised well above the industry’s standard?