Register now or log in to join your professional community.
In a Red Oceanmarket, everyone is just talking a different version of the sames thing to the same group of people VS a Blue Oceanwhere you guide new people over to your primary program.
Compete in the existing market space
Beat the competition
Exploit existing demand
Create value-cost trade-off
In areas in which you are better, choose to differentiate yourself from your competitors
In areas in which you compete, differentiate by low cost
It is a business strategy where you exploit the existing demand. This is opposed to blue ocean strategy where you create new demand.
Good Day!!!
Red Ocean is a type of strategy and is opposite to the blue ocean strategy.
In Red ocean strategy, the companies tries to out-perform their competitors to grab the greater share of the existing market wth a very high growth rate.
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.