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Questions

Question 1

According to Chapter 3, what is the first principle of blue ocean strategy?

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Question 2

In Path 1, what distinguishes 'alternatives' from 'substitutes'?

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Question 3

What was the initial cost for a customer to purchase a one-sixteenth share in a NetJets aircraft, according to the case study in Chapter 3?

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Question 4

Which company does Chapter 3 cite as creating a blue ocean by looking across the alternatives of mobile phones and the internet?

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Question 5

What is the key to creating a blue ocean across existing strategic groups, as described in Path 2?

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Question 6

In the Curves case study, what two strategic groups did the company draw upon to create its blue ocean?

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Question 7

What was the approximate startup investment for a Curves franchise, as mentioned in Chapter 3?

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Question 8

Path 3, 'Look Across the Chain of Buyers', involves challenging an industry's conventional wisdom about what?

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Question 9

In the Novo Nordisk case study, the company created a blue ocean by shifting its focus from doctors to which buyer group?

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Question 10

How did Bloomberg create a blue ocean in the financial information industry, according to Chapter 3?

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Question 11

What is the key idea behind Path 4, 'Look Across Complementary Product and Service Offerings'?

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Question 12

The bus company NABI created a blue ocean by focusing on what factor that the rest of the industry had overlooked?

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Question 13

What material did NABI adopt in making its buses, which was central to its value innovation?

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Question 14

By how much did ridership expand when NABI's new, customer-friendly buses were deployed?

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Question 15

Path 5 suggests that companies can find new market space by challenging what aspect of their industry?

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Question 16

How did QB House, the Japanese barbershop, shift its industry's orientation according to the case study in Chapter 3?

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Question 17

What was the price of a haircut at QB House, and how long did the service take?

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Question 18

How did the cement company Cemex create a blue ocean, as described in the Path 5 case study?

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Question 19

What is the primary focus of Path 6, 'Look Across Time'?

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Question 20

Apple's iTunes music store capitalized on which decisive trend to create a blue ocean?

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Question 21

What was the price for an individual song download when the iTunes store debuted?

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Question 22

According to the summary in Figure 3-5, how does blue ocean creation differ from head-to-head competition regarding the 'Buyer group'?

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Question 23

Which of the six paths to reconstructing market boundaries did NetJets primarily use to create its blue ocean?

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Question 24

What company is cited as creating the blue ocean of 'high fashion with no fashion' by looking across strategic groups?

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Question 25

Which of the following is NOT one of the six fundamental assumptions that Chapter 3 claims keep companies trapped in red oceans?

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Question 26

In the Path 4 example, what complementary product did Philips Electronics focus on to innovate the British teakettle industry?

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Question 27

What company is mentioned in Path 5 as having transformed the emotionally driven industry of cosmetics into a functional, no-nonsense house?

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Question 28

What was the traditional Mexican community savings scheme that Cemex's Patrimonio Hoy program was based on?

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Question 29

Which of the following companies is cited in Path 6 as having created a blue ocean by acting on the trend of increasingly urban and successful women struggling to find love?

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Question 30

How much revenue from data, pictures, and text transmission did NTT DoCoMo's i-mode generate by 2009, ten years after its launch?

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Question 31

What was the 'air wash' system introduced by QB House?

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Question 32

In the Path 1 discussion, The Home Depot is said to have transformed latent demand for home improvement into real demand by delivering the advantages of what two alternative industries?

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Question 33

What is the primary risk that the first principle of blue ocean strategy (reconstructing market boundaries) addresses for companies?

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Question 34

According to the housing industry example in Path 2, what did Champion Enterprises do to create a blue ocean?

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Question 35

What was the key reason that women who used home exercise programs did so, according to the Curves case study?

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Question 36

In the Path 3 discussion, what company is cited as having shifted the customer focus of the business application software industry from the functional user to the corporate purchaser?

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Question 37

In the Path 4 discussion, what example of a complementary service is mentioned in relation to the movie theater industry?

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Question 38

Dyson's vacuum cleaners are mentioned as a Path 4 example because they created a blue ocean by eliminating what?

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Question 39

What company is cited as an example of shifting a functional industry (budget watches) to an emotional one (fashion statement)?

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Question 40

According to the Path 6 discussion on Apple's iTunes, what sound format did it use that offered superior quality to MP3s?

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Question 41

Which company does Chapter 3 cite as looking to the pencil as a chief alternative to create its fun and intuitive Quicken software?

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Question 42

The final summary of Chapter 3 (Figure 3-5) contrasts head-to-head competition with blue ocean creation. What does it say about the 'functional-emotional orientation'?

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Question 43

What was the key downside of the internet that NTT DoCoMo's i-mode service sought to eliminate or reduce for users?

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Question 44

In the Path 2 discussion, what did Toyota's Lexus offer to carve out its new blue ocean in the luxury car market?

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Question 45

Which Path involves identifying the total solution buyers seek by thinking about what happens before, during, and after a product is used?

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Question 46

What does Chapter 3 state is the process of discovering and creating blue oceans NOT about?

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Question 47

In the NetJets example, what was the primary reason corporations chose to use commercial airlines instead of owning a private jet?

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Question 48

What was the one principal reason most women traded up to health clubs from home exercise, according to the Curves case study?

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Question 49

What was the 'one-use' policy introduced by QB House to improve hygiene?

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Question 50

In the summary of Path 6, what company is cited for creating a blue ocean by offering fast data exchanges in a seamless networking environment?

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