Reconstruct Market Boundaries
50 questions available
Questions
According to Chapter 3, what is the first principle of blue ocean strategy?
View answer and explanationIn Path 1, what distinguishes 'alternatives' from 'substitutes'?
View answer and explanationWhat 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?
View answer and explanationWhich company does Chapter 3 cite as creating a blue ocean by looking across the alternatives of mobile phones and the internet?
View answer and explanationWhat is the key to creating a blue ocean across existing strategic groups, as described in Path 2?
View answer and explanationIn the Curves case study, what two strategic groups did the company draw upon to create its blue ocean?
View answer and explanationWhat was the approximate startup investment for a Curves franchise, as mentioned in Chapter 3?
View answer and explanationPath 3, 'Look Across the Chain of Buyers', involves challenging an industry's conventional wisdom about what?
View answer and explanationIn the Novo Nordisk case study, the company created a blue ocean by shifting its focus from doctors to which buyer group?
View answer and explanationHow did Bloomberg create a blue ocean in the financial information industry, according to Chapter 3?
View answer and explanationWhat is the key idea behind Path 4, 'Look Across Complementary Product and Service Offerings'?
View answer and explanationThe bus company NABI created a blue ocean by focusing on what factor that the rest of the industry had overlooked?
View answer and explanationWhat material did NABI adopt in making its buses, which was central to its value innovation?
View answer and explanationBy how much did ridership expand when NABI's new, customer-friendly buses were deployed?
View answer and explanationPath 5 suggests that companies can find new market space by challenging what aspect of their industry?
View answer and explanationHow did QB House, the Japanese barbershop, shift its industry's orientation according to the case study in Chapter 3?
View answer and explanationWhat was the price of a haircut at QB House, and how long did the service take?
View answer and explanationHow did the cement company Cemex create a blue ocean, as described in the Path 5 case study?
View answer and explanationWhat is the primary focus of Path 6, 'Look Across Time'?
View answer and explanationApple's iTunes music store capitalized on which decisive trend to create a blue ocean?
View answer and explanationWhat was the price for an individual song download when the iTunes store debuted?
View answer and explanationAccording to the summary in Figure 3-5, how does blue ocean creation differ from head-to-head competition regarding the 'Buyer group'?
View answer and explanationWhich of the six paths to reconstructing market boundaries did NetJets primarily use to create its blue ocean?
View answer and explanationWhat company is cited as creating the blue ocean of 'high fashion with no fashion' by looking across strategic groups?
View answer and explanationWhich of the following is NOT one of the six fundamental assumptions that Chapter 3 claims keep companies trapped in red oceans?
View answer and explanationIn the Path 4 example, what complementary product did Philips Electronics focus on to innovate the British teakettle industry?
View answer and explanationWhat company is mentioned in Path 5 as having transformed the emotionally driven industry of cosmetics into a functional, no-nonsense house?
View answer and explanationWhat was the traditional Mexican community savings scheme that Cemex's Patrimonio Hoy program was based on?
View answer and explanationWhich 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?
View answer and explanationHow much revenue from data, pictures, and text transmission did NTT DoCoMo's i-mode generate by 2009, ten years after its launch?
View answer and explanationWhat was the 'air wash' system introduced by QB House?
View answer and explanationIn 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?
View answer and explanationWhat is the primary risk that the first principle of blue ocean strategy (reconstructing market boundaries) addresses for companies?
View answer and explanationAccording to the housing industry example in Path 2, what did Champion Enterprises do to create a blue ocean?
View answer and explanationWhat was the key reason that women who used home exercise programs did so, according to the Curves case study?
View answer and explanationIn 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?
View answer and explanationIn the Path 4 discussion, what example of a complementary service is mentioned in relation to the movie theater industry?
View answer and explanationDyson's vacuum cleaners are mentioned as a Path 4 example because they created a blue ocean by eliminating what?
View answer and explanationWhat company is cited as an example of shifting a functional industry (budget watches) to an emotional one (fashion statement)?
View answer and explanationAccording to the Path 6 discussion on Apple's iTunes, what sound format did it use that offered superior quality to MP3s?
View answer and explanationWhich company does Chapter 3 cite as looking to the pencil as a chief alternative to create its fun and intuitive Quicken software?
View answer and explanationThe 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'?
View answer and explanationWhat was the key downside of the internet that NTT DoCoMo's i-mode service sought to eliminate or reduce for users?
View answer and explanationIn the Path 2 discussion, what did Toyota's Lexus offer to carve out its new blue ocean in the luxury car market?
View answer and explanationWhich Path involves identifying the total solution buyers seek by thinking about what happens before, during, and after a product is used?
View answer and explanationWhat does Chapter 3 state is the process of discovering and creating blue oceans NOT about?
View answer and explanationIn the NetJets example, what was the primary reason corporations chose to use commercial airlines instead of owning a private jet?
View answer and explanationWhat was the one principal reason most women traded up to health clubs from home exercise, according to the Curves case study?
View answer and explanationWhat was the 'one-use' policy introduced by QB House to improve hygiene?
View answer and explanationIn the summary of Path 6, what company is cited for creating a blue ocean by offering fast data exchanges in a seamless networking environment?
View answer and explanation