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    1.how Does Occupying An Uncontested Market Space Help The Entrepreneur To Break Out of Red Oceans?

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    vivian ternal
    Occupying an uncontested market space helps entrepreneurs break out of red oceans by reconstructing market boundaries to create blue oceans with commercially compelling opportunities identified through value innovation. Value innovation focuses on making competition irrelevant by creating new value for buyers and the company, opening uncontested market space. The Four Actions Framework helps entrepreneurs pursue ventures by simultaneously eliminating and reducing factors while raising and creating value to unlock new blue oceans, serving as guidance to transform ideas into successful enterprises.

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    1.how Does Occupying An Uncontested Market Space Help The Entrepreneur To Break Out of Red Oceans?

    Uploaded by

    vivian ternal
    109 views1 page
    Occupying an uncontested market space helps entrepreneurs break out of red oceans by reconstructing market boundaries to create blue oceans with commercially compelling opportunities identified through value innovation. Value innovation focuses on making competition irrelevant by creating new value for buyers and the company, opening uncontested market space. The Four Actions Framework helps entrepreneurs pursue ventures by simultaneously eliminating and reducing factors while raising and creating value to unlock new blue oceans, serving as guidance to transform ideas into successful enterprises.

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    Occupying an uncontested market space helps entrepreneurs break out of red oceans by reconstructing market boundaries to create blue oceans with commercially compelling opportunities identified through value innovation. Value innovation focuses on making competition irrelevant by creating new value for buyers and the company, opening uncontested market space. The Four Actions Framework helps entrepreneurs pursue ventures by simultaneously eliminating and reducing factors while raising and creating value to unlock new blue oceans, serving as guidance to transform ideas into successful enterprises.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    109 views1 page

    1.how Does Occupying An Uncontested Market Space Help The Entrepreneur To Break Out of Red Oceans?

    Uploaded by

    vivian ternal
    Occupying an uncontested market space helps entrepreneurs break out of red oceans by reconstructing market boundaries to create blue oceans with commercially compelling opportunities identified through value innovation. Value innovation focuses on making competition irrelevant by creating new value for buyers and the company, opening uncontested market space. The Four Actions Framework helps entrepreneurs pursue ventures by simultaneously eliminating and reducing factors while raising and creating value to unlock new blue oceans, serving as guidance to transform ideas into successful enterprises.

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    © All Rights Reserved
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    1.How does occupying an uncontested market space help the entrepreneur to break out of red oceans?

    To break out of red oceans entrepreneurs needs to reconstruct market boundaries to break from
    the competition and create blue oceans. They need to successfully identify, out of the haystack of
    possibilities that exist, commercially compelling blue ocean opportunities. By following a different
    strategic logic that is called value innovation. Value innovation is the cornerstone to blue ocean strategy
    instead of focusing on beating the competition, entrepreneurs must focus on making the competition
    irrelevant by creating a leap in value for buyers and their company, thereby opening up new and
    uncontested market space. Value innovation is a way of thinking about and executing a strategy that
    results in the creation of a blue ocean and a break from the competition.

    2.How will the Four (4) Actions Framework help an entrepreneur in pursuing a venture?

    The Four (4) Actions Framework helps an entrepreneur in pursuing a venture by having focus
    simultaneously on eliminating and reducing, as well as raising and creating while unlocking a new blue
    ocean. The framework helps them aligns their strategies to serve as guidance for entrepreneurs to
    transform their ideas into successful enterprises. It is essential to clearly understand how other
    competitors contribute in the market to determine the main competing factors. It helps entrepreneurs
    think in more innovative ways about the products they are creating relative to the industry. It also
    helps maximize user value and eliminate unnecessary product features by eliminating and reducing
    user pain and raising and creating user gain.

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