Reach Beyond Existing Demand
50 questions available
Questions
What is the third principle of blue ocean strategy, as discussed in Chapter 5?
View answer and explanationAccording to Chapter 5, what are the two conventional strategy practices that companies should challenge to maximize the size of their blue oceans?
View answer and explanationHow did Callaway Golf apply the principle of reaching beyond existing demand?
View answer and explanationWhat was the key commonality Callaway Golf identified that united the mass of noncustomers?
View answer and explanationTo maximize the size of a blue ocean, what reverse course should companies take according to Chapter 5?
View answer and explanationWhich tier of noncustomers is described as minimally purchasing an industry's offering out of necessity but being mentally noncustomers of the industry?
View answer and explanationThe example of the fast-food chain Pret A Manger is used in Chapter 5 to illustrate the strategy of unlocking which group of noncustomers?
View answer and explanationWhat were the three key commonalities that Pret A Manger identified among European city center professionals, its target first-tier noncustomers?
View answer and explanationWhich tier of noncustomers is composed of people who have seen an industry's offerings as an option to fulfill their needs but have actively voted against them?
View answer and explanationHow did the company JCDecaux create a blue ocean in the outdoor advertising space?
View answer and explanationAccording to Chapter 5, what was the operating margin of JCDecaux's street furniture business compared to that of traditional billboards?
View answer and explanationWhich tier of noncustomers is described as the farthest from a market and composed of individuals who have never been targeted or considered potential customers by any player in the industry?
View answer and explanationThe US defense aerospace industry's Joint Strike Fighter (JSF) program is presented in Chapter 5 as an example of aggregating demand from which group?
View answer and explanationThe Joint Strike Fighter (JSF) program aimed to create a single airframe with three variants that shared approximately what percentage of their parts?
View answer and explanationWhat was the value of the massive Joint Strike Fighter (JSF) contract awarded to Lockheed Martin in 2001, which Chapter 5 describes as the largest military contract in history?
View answer and explanationWhat rule does Chapter 5 suggest for deciding which tier of noncustomers a company should focus on?
View answer and explanationThe strategic orientation to 'think noncustomers before customers; commonalities before differences; and desegmentation before pursuing finer segmentation' is designed to achieve what primary goal?
View answer and explanationIn the Callaway Golf example, what was the surprising effect of the Big Bertha club on existing golf customers?
View answer and explanationWhat fundamental problem with traditional outdoor advertising did JCDecaux identify as the reason many companies refused to use it?
View answer and explanationIn the context of the Joint Strike Fighter (JSF) program, what were the highest-cost components that were common across all three military branches' aircraft?
View answer and explanationWhat insight does Chapter 5 suggest can be gained from studying noncustomers compared to existing, relatively content customers?
View answer and explanationIn what year did the French company JCDecaux create the new concept in outdoor advertising called 'street furniture'?
View answer and explanationWhat does Chapter 5 identify as a risk for companies that compete by embracing customer preferences through finer segmentation?
View answer and explanationIn the JSF program example, what were the two predominant factors that drove the Navy's separate aircraft purchase decision?
View answer and explanationWhat principle should guide a company's strategy formulation to maximize the scale of its blue ocean?
View answer and explanationWhat was the key insight about existing customers that Callaway Golf discovered through its study of noncustomers?
View answer and explanationWhich company does Chapter 5 use as an example of a blue ocean created by targeting third-tier, unexplored noncustomers in the consumer goods space?
View answer and explanationWhat was the primary benefit JCDecaux's street furniture advertising offered over traditional billboards and transport ads?
View answer and explanationAccording to the Pret A Manger example, what is the key lesson about where to find the best insights for growing a blue ocean?
View answer and explanationIn the Joint Strike Fighter (JSF) program, what were the two decisive requirements that kept the Marines from participating in joint aircraft purchases?
View answer and explanationIn 2001, McDonald's purchased a 33 percent share of Pret A Manger for how much?
View answer and explanationJCDecaux's street furniture business had an operating margin as high as 40 percent, compared to what percentage for transport advertisements?
View answer and explanationWhy is the final step in the strategic orientation described in Chapter 5 to pursue 'desegmentation before pursuing finer segmentation'?
View answer and explanationWhat does Chapter 5 state is the ultimate purpose of aggregating the greatest demand for a new offering?
View answer and explanationWhat was the Pentagon's conclusion in a 1993 report, which set the stage for the JSF program?
View answer and explanationAccording to the chapter, what is the 'biggest catchment' that companies should aim for when deciding which noncustomers to target?
View answer and explanationThe phrase 'Soon-to-be' is used in Figure 5-1 to describe which tier of noncustomers?
View answer and explanationWhat was the decisive requirement for the Air Force in the JSF program?
View answer and explanationBy focusing on key commonalities across noncustomers and existing customers, what does Chapter 5 say companies can do?
View answer and explanationThe phrase 'Refusing' is used in Figure 5-1 to describe which tier of noncustomers?
View answer and explanationAccording to the chapter, why is it not enough to only maximize the size of the blue ocean you are creating?
View answer and explanationWhat was the key disadvantage of traditional outdoor advertising that JCDecaux's street furniture concept overcame?
View answer and explanationThe phrase 'Unexplored' is used in Figure 5-1 to describe which tier of noncustomers?
View answer and explanationIn the Pret A Manger example, what did the first-tier noncustomers (city professionals) do before Pret's arrival?
View answer and explanationWhat is the key difference between the first and second tiers of noncustomers?
View answer and explanationThe blue ocean strategy approach of reaching beyond existing demand is based on the idea of:
View answer and explanationWhat does the Callaway Golf example illustrate about a successful blue ocean offering's appeal?
View answer and explanationIn the JCDecaux example, how did the company create a steady source of long-term revenue and profits?
View answer and explanationWhat is the key takeaway when Chapter 5 states that you should explore whether there are 'overlapping commonalities across all three tiers of noncustomers'?
View answer and explanationHistorically, according to the JSF example, how was the defense aerospace industry regarded?
View answer and explanation