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Questions

Question 1

What is the third principle of blue ocean strategy, as discussed in Chapter 5?

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Question 2

According to Chapter 5, what are the two conventional strategy practices that companies should challenge to maximize the size of their blue oceans?

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Question 3

How did Callaway Golf apply the principle of reaching beyond existing demand?

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Question 4

What was the key commonality Callaway Golf identified that united the mass of noncustomers?

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Question 5

To maximize the size of a blue ocean, what reverse course should companies take according to Chapter 5?

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Question 6

Which tier of noncustomers is described as minimally purchasing an industry's offering out of necessity but being mentally noncustomers of the industry?

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Question 7

The example of the fast-food chain Pret A Manger is used in Chapter 5 to illustrate the strategy of unlocking which group of noncustomers?

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Question 8

What were the three key commonalities that Pret A Manger identified among European city center professionals, its target first-tier noncustomers?

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Question 9

Which 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?

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Question 10

How did the company JCDecaux create a blue ocean in the outdoor advertising space?

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Question 11

According to Chapter 5, what was the operating margin of JCDecaux's street furniture business compared to that of traditional billboards?

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Question 12

Which 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?

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Question 13

The US defense aerospace industry's Joint Strike Fighter (JSF) program is presented in Chapter 5 as an example of aggregating demand from which group?

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Question 14

The Joint Strike Fighter (JSF) program aimed to create a single airframe with three variants that shared approximately what percentage of their parts?

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Question 15

What 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?

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Question 16

What rule does Chapter 5 suggest for deciding which tier of noncustomers a company should focus on?

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Question 17

The strategic orientation to 'think noncustomers before customers; commonalities before differences; and desegmentation before pursuing finer segmentation' is designed to achieve what primary goal?

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Question 18

In the Callaway Golf example, what was the surprising effect of the Big Bertha club on existing golf customers?

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Question 19

What fundamental problem with traditional outdoor advertising did JCDecaux identify as the reason many companies refused to use it?

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Question 20

In the context of the Joint Strike Fighter (JSF) program, what were the highest-cost components that were common across all three military branches' aircraft?

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Question 21

What insight does Chapter 5 suggest can be gained from studying noncustomers compared to existing, relatively content customers?

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Question 22

In what year did the French company JCDecaux create the new concept in outdoor advertising called 'street furniture'?

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Question 23

What does Chapter 5 identify as a risk for companies that compete by embracing customer preferences through finer segmentation?

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Question 24

In the JSF program example, what were the two predominant factors that drove the Navy's separate aircraft purchase decision?

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Question 25

What principle should guide a company's strategy formulation to maximize the scale of its blue ocean?

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Question 26

What was the key insight about existing customers that Callaway Golf discovered through its study of noncustomers?

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Question 27

Which company does Chapter 5 use as an example of a blue ocean created by targeting third-tier, unexplored noncustomers in the consumer goods space?

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Question 28

What was the primary benefit JCDecaux's street furniture advertising offered over traditional billboards and transport ads?

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Question 29

According to the Pret A Manger example, what is the key lesson about where to find the best insights for growing a blue ocean?

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Question 30

In the Joint Strike Fighter (JSF) program, what were the two decisive requirements that kept the Marines from participating in joint aircraft purchases?

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Question 31

In 2001, McDonald's purchased a 33 percent share of Pret A Manger for how much?

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Question 32

JCDecaux's street furniture business had an operating margin as high as 40 percent, compared to what percentage for transport advertisements?

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Question 33

Why is the final step in the strategic orientation described in Chapter 5 to pursue 'desegmentation before pursuing finer segmentation'?

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Question 34

What does Chapter 5 state is the ultimate purpose of aggregating the greatest demand for a new offering?

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Question 35

What was the Pentagon's conclusion in a 1993 report, which set the stage for the JSF program?

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Question 36

According to the chapter, what is the 'biggest catchment' that companies should aim for when deciding which noncustomers to target?

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Question 37

The phrase 'Soon-to-be' is used in Figure 5-1 to describe which tier of noncustomers?

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Question 38

What was the decisive requirement for the Air Force in the JSF program?

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Question 39

By focusing on key commonalities across noncustomers and existing customers, what does Chapter 5 say companies can do?

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Question 40

The phrase 'Refusing' is used in Figure 5-1 to describe which tier of noncustomers?

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Question 41

According to the chapter, why is it not enough to only maximize the size of the blue ocean you are creating?

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Question 42

What was the key disadvantage of traditional outdoor advertising that JCDecaux's street furniture concept overcame?

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Question 43

The phrase 'Unexplored' is used in Figure 5-1 to describe which tier of noncustomers?

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Question 44

In the Pret A Manger example, what did the first-tier noncustomers (city professionals) do before Pret's arrival?

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Question 45

What is the key difference between the first and second tiers of noncustomers?

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Question 46

The blue ocean strategy approach of reaching beyond existing demand is based on the idea of:

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Question 47

What does the Callaway Golf example illustrate about a successful blue ocean offering's appeal?

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Question 48

In the JCDecaux example, how did the company create a steady source of long-term revenue and profits?

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Question 49

What is the key takeaway when Chapter 5 states that you should explore whether there are 'overlapping commonalities across all three tiers of noncustomers'?

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Question 50

Historically, according to the JSF example, how was the defense aerospace industry regarded?

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