
Let us find out whether the red ocean strategy or blue ocean strategy is good for the business?
Red ocean strategy means to create competition among various businesses.
On the other hand, the blue ocean strategy generates new demand for the market rather than fighting with different businesses.
Blue ocean strategy creates an entry barrier whereas red ocean strategy allows the other businesses to compete which declines the prospects for growth and profit.

Blue ocean strategy focuses on creating a new market or disrupts the market competition.
Red ocean strategy sets its sight on the existing market they are about to enter.
It is always good to do business by breaking competition or implementing blue ocean strategy, differentiation, or innovation.
Some of the examples of blue ocean companies include KFC, Cocacola, Oppo, and more.
When it comes to the examples of red ocean companies, they are Microsoft and Surface 3.
See You in the Next Blog, Bye
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