Finding Your Fit
Manage episode 454765265 series 3522234
Takeaways
- The Blue Ocean Strategy focuses on creating new market spaces.
- Red oceans are competitive markets with established rules.
- Not all successful businesses need to innovate; some thrive in red oceans.
- Understanding your business goals is crucial for strategy selection.
- Individual contributors may not always make great managers.
- Success can be achieved in both red and blue oceans.
- The journey in a blue ocean involves more risk and investment.
- A red ocean may have a limited shelf life for businesses.
- Choosing the right strategy aligns with personal and business motivations.
- It's essential to know what the right fit is for your business.
📖 Buy "Blue Ocean Strategy" by W. Chan Kim | Renee Mauborgne
Sponsors
🌱 S.E.E.D. Planning Group - https://www.seedpg.com/
🎙️ Ditch The Suits Podcast - https://www.ditchthesuits.com/
💻 NQR Media - https://www.nqrmedia.com/
🎙️ Cut Throat College Planning Podcast - https://www.nqrmedia.com/ctcp/cut-throat-college-planning
🎓 College Prep Bootcamp - https://www.sohteam.org/college-prep-bootcamp
🎙️ One Big Thing Podcast - https://www.nqrmedia.com/one-big-thing
Chapter Markers:
00:00 - Introduction to the Podcast and Blue Ocean Strategy
02:51 - Individual Contributors vs. Managers
06:06 - Red Ocean vs. Blue Ocean Dynamics
08:47 - Understanding Business Goals and Strategies
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