Blue Ocean Strategy Research Paper Example | Topics and Well Written Essays - 500 words

Blue Ocean Strategy - Research Paper casingTo break out of red oceans, the blue ocean strategy postulates that companies must break out of the accepted boundaries that define how they compete. These systematic boundaries are identified by the six travel guidebooks framework as industry, strategic groups, buyer groups, scope of product or service offerings, functional-emotional orientation of an industry, and time (Blue Ocean Strategy, 2011). The first path that we see Wii utilized to create a blue ocean was the buyer groups. Microsofts Xbox 360 and Sony PS3 rely on users as their primary focus. For this reason their strategies are geared towards increasing their users-experience through constant innovation and deployment of new technologies such as HD, graphics and so on. On the contrary, Wii opted to target purchasers and influencers e.g. parents and physicians through development of products that everyone in the family finish appreciate. This has increased the likelihood of say , parents, purchasing Wii games instead of PS3 or Xbox 360 for their children. The second path that the Wii utilized to create a blue ocean for itself is the product scope. While the 2 major gaming competitors stuck to the belief that gaming was a preserve for a certain age group, the Wii expanded its market by developing products that could cut across all age groups from pre-teens to senior citizens. The Wii Healthy category of games comprises of products that grandparents and grandchildren could easily play with together.