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Reference.org
Blue Ocean Strategy
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<p><i>Blue Ocean Strategy</i> is a book published in 2005 written by <a href="/facts/W._Chan_Kim/hBhqUn1F">W. Chan Kim</a> and <a href="/facts/Ren%25C3%25A9e_Mauborgne/AQcCQQ7w">Renée Mauborgne</a>, professors at <a href="/facts/INSEAD/GGHuwNQq">INSEAD</a>, and the name of the marketing theory detailed on the book. </p><p>They assert that the strategic moves outlined in the book create a leap in value for the company, its buyers, and its employees while unlocking new demand and making the competition irrelevant. The book presents analytical frameworks and tools to foster an organization's ability to systematically create and capture "blue oceans"—unexplored new market areas. An expanded edition of the book was published in 2015, while two sequels entitled <i>Blue Ocean Shift</i> and <i>Beyond Disruption</i> were published in 2017 and 2023 respectively. </p>