The Four Actions Framework developed by W. Chan Kim and Renée Mauborgne is used to reconstruct buyer value elements in crafting a new value curve or strategic profile. To break the trade-off between differentiation and low cost in creating a new value curve, the framework poses four key questions, shown in the diagram, to challenge an industry’s strategic logic.
W. Chan Kim and Renée Mauborgne created a comprehensive set of analytic tools and frameworks any organization can apply to create new market spaces and make the competition irrelevant.
Blue ocean strategy tools, methodologies and frameworks bring structure to what has historically been an unstructured problem in strategy – informing organizations’ ability to create new market spaces systematically. With blue ocean strategy tools and analytics, companies can now pursue and create blue oceans of uncontested market space in an opportunity-maximizing, risk-minimizing way. The best way to beat the competition is to stop trying to beat the competition.
Select from the icons below to learn more about the analytic tools of blue ocean strategy:
Red Ocean vs. Blue Ocean StrategyValue InnovationVisualizing StrategyStrategy CanvasFour Actions FrameworkERRC GridSix Paths FrameworkPioneer Migrator Settler MapThree Tiers of NoncustomersSequence of Blue Ocean StrategyBuyer Utility MapPrice Corridor of the MassFour Hurdles to Strategy ExecutionTipping Point LeadershipFair Process
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