MORE BLUE OCEAN DEBUNKING: You don't want no competition, what you want is bad competition...

More Blue Ocean debunking. This time via venture capitalist Ron Garret in his "Top Ten Geek Business Myths"

Myth #10: Having no competition is a good thing.

Reality: If you have no competition the most likely reason for that is that there's no money to be made. There are six billion people on this planet, and it's very unlikely that every last of them will have left a lucrative market niche completely unexploited.

The good news is that it is very likely that your competition sucks. The vast majority of businesses are not run very well. They make shoddy products. They treat their customers and their employees like shit. It's not hard to find market opportunities where you can go in and kick the competition's ass. You don't want no competition, what you want is bad competition.  And there's plenty of that out there.

Ron's myth's are similar in tone to the Guru Red Manifesto.

Download vSente's Free Campaign Planner to learn more about how we help marketing managers battle larger competitors. 

Comments

[BusinessHuddle]

Blue Ocean Strategy -Ocean Strategy, Red or Blue, belongs in the Dead Sea!
TRU Summary Comments

¥ The book titled “Blue Ocean Strategy” is not helpful to management – don’t buy it and if you already have it dump it

¥ Management can and should be visionary in formulating strategy. But, contrary to the approach of Ocean Strategy, should do so by thinking about market environment shifts, how these could impact customer sets, and whether those customer sets are the ones you wish to serve free synopsis Blue Sea Strategy BOS strategic planning consultant free download blue ocean strategy book review

¥ Also contrary to Ocean Strategy, production cost reduction is best seen as an operational or resource issue – a barrier to be overcome not an end in itself as a tool of strategy. Resources are easier to acquire than customers. Production methods should match volume to minimize costs The Boston Consulting Group Blue Ocean Strategy Forms

¥ In your strategizing do not take advice on strategy [or any other mission critical function] from management who are not qualified to give advice and do not treat strategy formulation as an exercise in management team compromise – contrary to the Ocean Strategy method Blue Ocean Approach free download World Innovation Forum

¥ This book should be at the bottom of the list for reading by strategy professionals for Ocean Strategy, Red or Blue, belongs in the Dead Sea!

¥ Harvard University professors should read it, however, for they should wonder what they were thinking allowing Harvard University Press to publish it. Critique

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