{"id":101604,"date":"2023-05-09T13:47:00","date_gmt":"2023-05-09T17:47:00","guid":{"rendered":"https:\/\/www.shortform.com\/blog\/?p=101604"},"modified":"2023-05-12T15:22:18","modified_gmt":"2023-05-12T19:22:18","slug":"blue-ocean-strategy-innovation","status":"publish","type":"post","link":"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/","title":{"rendered":"Blue Ocean Strategy’s Innovation Advice for Standing Out"},"content":{"rendered":"\n

Do you want your product to be the best in the market? What are Blue Ocean Strategy<\/em>‘s recommendations for boosting innovation in business<\/a>? <\/p>\n\n\n\n

In Blue Ocean Strategy<\/em>, innovation is described as one of the most important factors to consider when creating a product<\/a> that acts as a better alternative to your competitors. Coming up with innovative products is easy when you carefully examine what your target audience is looking for.<\/p>\n\n\n\n

To give your product a unique edge, keep reading.<\/p>\n\n\n\n\n\n\n\n

Covering All Areas of Innovation<\/strong><\/h2>\n\n\n\n

Innovating in enough categories is crucial for the success of disruptive innovation projects. In Blue Ocean Strategy<\/em><\/a>, innovation is required in multiple areas. Authors W. Chan Kim and Ren\u00e9e Mauborgne argue that your ultimate goal should be to create not just a new product but a new and uncontested market<\/em> that your product will dominate. This offers the best route to success, because if you try to merely compete with established companies in existing markets, you’ll end up with low profit margins and minimal opportunities for growth. <\/p>\n\n\n\n

To spark ideas for innovative products<\/a>, Kim and Mauborgne recommend considering your product from several angles:<\/p>\n\n\n\n

  1. Consider all the different products <\/strong>that your customers could use to achieve the same goal through different means. For example, rock-climbing gear and video games are different in form and function, but they fulfill the same basic goal of connecting with friends in a thrilling environment. Ask yourself if you could combine desirable features from different alternatives to provide unique value<\/a>.<\/li>
  2. Consider what characteristics motivate your customers to buy higher-quality products at higher prices versus lower quality at lower prices<\/strong>. Ask yourself if you can create a unique offering by focusing on the characteristics they\u2019re willing to pay extra for and eliminating the others. <\/strong><\/li>
  3. Identify underserved people in the purchasing chain<\/strong>. If the end user and the person with purchasing power are not one and the same, the end user may have pain points, or persistent problems, you can address to provide unique value.<\/li>
  4. Consider what happens before, during, and after your product is used.<\/strong> Kim and Mauborgne note that products are rarely used in isolation. Ask yourself whether there\u2019s friction between any of these handoffs that you could alleviate to create unique value. It might be as simple as bundling complementary products with yours.<\/li>
  5. Kim and Mauborgne observe that most industries tend to gravitate toward either functionality or emotion. Consider making an emotional industry more functional <\/strong>by stripping away unnecessary extras, or making a functional industry more emotional.<\/strong><\/li>
  6. Consider the needs of non-customers. <\/strong>Ask yourself why some people don\u2019t buy your current product or products in your industry. Can you develop a new offering to solve the problem that\u2019s keeping them away?<\/li><\/ol>\n\n\n\n

    Then, to help you visualize whether a new product idea provides unique value<\/em><\/a>, Kim and Mauborgne introduce the blue ocean strategy chart<\/em>. On the horizontal axis, you list the attributes of your product that your customers care about. The vertical axis represents how much each attribute is present in a product. You plot the value of each characteristic on the graph as a point, and connect the points to create a strategy curve<\/em>, both for your product (or prospective new offering) and its leading alternatives. The result might look something like this:<\/p>\n\n\n

    \n
    \"\"<\/figure>\n<\/div>\n\n\n

    Kim and Mauborgne point out that if your product\u2019s path closely follows another product (like Product X and Product Y in our example graph) then you\u2019re not providing unique value. You want your strategy curve to diverge significantly from every other company\u2019s.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Do you want your product to be the best in the market? What are Blue Ocean Strategy‘s recommendations for boosting innovation in business? In Blue Ocean Strategy, innovation is described as one of the most important factors to consider when creating a product that acts as a better alternative to your competitors. Coming up with innovative products is easy when you carefully examine what your target audience is looking for. To give your product a unique edge, keep reading.<\/p>\n","protected":false},"author":14,"featured_media":16924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,45,30],"tags":[1012],"class_list":["post-101604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-books","category-business","category-work","tag-the-master-guides-business-innovation","","tg-column-two"],"yoast_head":"\nBlue Ocean Strategy's Innovation Advice for Standing Out - Shortform Books<\/title>\n<meta name=\"description\" content=\"Your product isn't special if it can be found elsewhere. Find out more about Blue Ocean Strategy's innovation tips to stand out.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blue Ocean Strategy's Innovation Advice for Standing Out\" \/>\n<meta property=\"og:description\" content=\"Your product isn't special if it can be found elsewhere. Find out more about Blue Ocean Strategy's innovation tips to stand out.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/\" \/>\n<meta property=\"og:site_name\" content=\"Shortform Books\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-09T17:47:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-12T19:22:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/s3.amazonaws.com\/wordpress.shortform.com\/blog\/wp-content\/uploads\/2020\/10\/leverage-points-thinking-in-systetms-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Katie Doll\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Katie Doll\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/\"},\"author\":{\"name\":\"Katie Doll\",\"@id\":\"https:\/\/www.shortform.com\/blog\/#\/schema\/person\/c3e1b539e89423b544ede91ab2bff937\"},\"headline\":\"Blue Ocean Strategy’s Innovation Advice for Standing Out\",\"datePublished\":\"2023-05-09T17:47:00+00:00\",\"dateModified\":\"2023-05-12T19:22:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/\"},\"wordCount\":605,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2020\/10\/leverage-points-thinking-in-systetms-scaled.jpg\",\"keywords\":[\"The Master Guides: Business Innovation\"],\"articleSection\":[\"Books\",\"Business\",\"Work\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/\",\"url\":\"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/\",\"name\":\"Blue Ocean Strategy's Innovation Advice for Standing Out - Shortform Books\",\"isPartOf\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2020\/10\/leverage-points-thinking-in-systetms-scaled.jpg\",\"datePublished\":\"2023-05-09T17:47:00+00:00\",\"dateModified\":\"2023-05-12T19:22:18+00:00\",\"description\":\"Your product isn't special if it can be found elsewhere. Find out more about Blue Ocean Strategy's innovation tips to stand out.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/#primaryimage\",\"url\":\"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2020\/10\/leverage-points-thinking-in-systetms-scaled.jpg\",\"contentUrl\":\"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2020\/10\/leverage-points-thinking-in-systetms-scaled.jpg\",\"width\":2560,\"height\":1707},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.shortform.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blue Ocean Strategy’s Innovation Advice for Standing Out\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.shortform.com\/blog\/#website\",\"url\":\"https:\/\/www.shortform.com\/blog\/\",\"name\":\"Shortform Books\",\"description\":\"The World's Best Book Summaries\",\"publisher\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.shortform.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.shortform.com\/blog\/#organization\",\"name\":\"Shortform Books\",\"url\":\"https:\/\/www.shortform.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.shortform.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2019\/06\/logo-equilateral-with-text-no-bg.png\",\"contentUrl\":\"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2019\/06\/logo-equilateral-with-text-no-bg.png\",\"width\":500,\"height\":74,\"caption\":\"Shortform Books\"},\"image\":{\"@id\":\"https:\/\/www.shortform.com\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.shortform.com\/blog\/#\/schema\/person\/c3e1b539e89423b544ede91ab2bff937\",\"name\":\"Katie Doll\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.shortform.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6239731a3fc739640b80be30f2b1727a055d3535d0ee4569e8282faa323e47fc?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6239731a3fc739640b80be30f2b1727a055d3535d0ee4569e8282faa323e47fc?s=96&d=mm&r=g\",\"caption\":\"Katie Doll\"},\"description\":\"Somehow, Katie was able to pull off her childhood dream of creating a career around books after graduating with a degree in English and a concentration in Creative Writing. Her preferred genre of books has changed drastically over the years, from fantasy\/dystopian young-adult to moving novels and non-fiction books on the human experience. Katie especially enjoys reading and writing about all things television, good and bad.\",\"knowsAbout\":[\"Bachelor of Arts in English With a Concentration in Creative Writing\"],\"jobTitle\":\"Senior SEO Writer\",\"worksFor\":\"Shortform\",\"url\":\"https:\/\/www.shortform.com\/blog\/author\/katie\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Blue Ocean Strategy's Innovation Advice for Standing Out - Shortform Books","description":"Your product isn't special if it can be found elsewhere. Find out more about Blue Ocean Strategy's innovation tips to stand out.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/","og_locale":"en_US","og_type":"article","og_title":"Blue Ocean Strategy's Innovation Advice for Standing Out","og_description":"Your product isn't special if it can be found elsewhere. Find out more about Blue Ocean Strategy's innovation tips to stand out.","og_url":"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/","og_site_name":"Shortform Books","article_published_time":"2023-05-09T17:47:00+00:00","article_modified_time":"2023-05-12T19:22:18+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/s3.amazonaws.com\/wordpress.shortform.com\/blog\/wp-content\/uploads\/2020\/10\/leverage-points-thinking-in-systetms-scaled.jpg","type":"image\/jpeg"}],"author":"Katie Doll","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Katie Doll","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/#article","isPartOf":{"@id":"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/"},"author":{"name":"Katie Doll","@id":"https:\/\/www.shortform.com\/blog\/#\/schema\/person\/c3e1b539e89423b544ede91ab2bff937"},"headline":"Blue Ocean Strategy’s Innovation Advice for Standing Out","datePublished":"2023-05-09T17:47:00+00:00","dateModified":"2023-05-12T19:22:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/"},"wordCount":605,"commentCount":0,"publisher":{"@id":"https:\/\/www.shortform.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/#primaryimage"},"thumbnailUrl":"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2020\/10\/leverage-points-thinking-in-systetms-scaled.jpg","keywords":["The Master Guides: Business Innovation"],"articleSection":["Books","Business","Work"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/","url":"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/","name":"Blue Ocean Strategy's Innovation Advice for Standing Out - Shortform Books","isPartOf":{"@id":"https:\/\/www.shortform.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/#primaryimage"},"image":{"@id":"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/#primaryimage"},"thumbnailUrl":"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2020\/10\/leverage-points-thinking-in-systetms-scaled.jpg","datePublished":"2023-05-09T17:47:00+00:00","dateModified":"2023-05-12T19:22:18+00:00","description":"Your product isn't special if it can be found elsewhere. Find out more about Blue Ocean Strategy's innovation tips to stand out.","breadcrumb":{"@id":"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/#primaryimage","url":"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2020\/10\/leverage-points-thinking-in-systetms-scaled.jpg","contentUrl":"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2020\/10\/leverage-points-thinking-in-systetms-scaled.jpg","width":2560,"height":1707},{"@type":"BreadcrumbList","@id":"https:\/\/www.shortform.com\/blog\/blue-ocean-strategy-innovation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.shortform.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Blue Ocean Strategy’s Innovation Advice for Standing Out"}]},{"@type":"WebSite","@id":"https:\/\/www.shortform.com\/blog\/#website","url":"https:\/\/www.shortform.com\/blog\/","name":"Shortform Books","description":"The World's Best Book Summaries","publisher":{"@id":"https:\/\/www.shortform.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.shortform.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.shortform.com\/blog\/#organization","name":"Shortform Books","url":"https:\/\/www.shortform.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.shortform.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2019\/06\/logo-equilateral-with-text-no-bg.png","contentUrl":"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2019\/06\/logo-equilateral-with-text-no-bg.png","width":500,"height":74,"caption":"Shortform Books"},"image":{"@id":"https:\/\/www.shortform.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.shortform.com\/blog\/#\/schema\/person\/c3e1b539e89423b544ede91ab2bff937","name":"Katie Doll","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.shortform.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6239731a3fc739640b80be30f2b1727a055d3535d0ee4569e8282faa323e47fc?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6239731a3fc739640b80be30f2b1727a055d3535d0ee4569e8282faa323e47fc?s=96&d=mm&r=g","caption":"Katie Doll"},"description":"Somehow, Katie was able to pull off her childhood dream of creating a career around books after graduating with a degree in English and a concentration in Creative Writing. Her preferred genre of books has changed drastically over the years, from fantasy\/dystopian young-adult to moving novels and non-fiction books on the human experience. Katie especially enjoys reading and writing about all things television, good and bad.","knowsAbout":["Bachelor of Arts in English With a Concentration in Creative Writing"],"jobTitle":"Senior SEO Writer","worksFor":"Shortform","url":"https:\/\/www.shortform.com\/blog\/author\/katie\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.shortform.com\/blog\/wp-content\/uploads\/2020\/10\/leverage-points-thinking-in-systetms-scaled.jpg","_links":{"self":[{"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/posts\/101604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/comments?post=101604"}],"version-history":[{"count":5,"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/posts\/101604\/revisions"}],"predecessor-version":[{"id":102011,"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/posts\/101604\/revisions\/102011"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/media\/16924"}],"wp:attachment":[{"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/media?parent=101604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/categories?post=101604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shortform.com\/blog\/wp-json\/wp\/v2\/tags?post=101604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}