Write a 700- to 1,050-word paper that describes the importance of blue ocean strategy and identifies a product or service that would be considered a blue ocean move. Include the following:A description of blue ocean strategy and its importanceA product or service that might be considered a blue ocean move and whyAn alternative red ocean move for the same product or service along with the pros and cons of that strategy
Format your paper consistent with APA guidelines. All work must be original and plagiarism free. Late work will not receive payment.
In the business world two different spaces have been noted to exist. These spaces are either blue oceans or red oceans. Blue oceans focus on creating new markets that have not been seen before and this makes competition insignificant. This means that blue oceans don’t scramble for the present demand in the market butt focus is on creation of new demand. Blue oceans are created either by companies bringing about new ideas that do not exist hence bringing about new industries or…..
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