What Is New About Blue Ocean Strategy?

What Is New About Blue Ocean Strategy?

Chan Kim & Renée Mauborgne’s ‘Blue Ocean Strategy’ (2005) is one of the most popular strategy texts today. With over 2 million copies, it is widely known and, I assume, widely used in practice. Its basic message is that companies should not try to compete in existing markets (red oceans) ...
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Why is Porter’s Five Forces Framework So Successful?

Why is Porter’s Five Forces Framework So Successful?

Categories Frameworks
Who doesn’t know Michael Porter’s five forces framework? Mandatory in every strategy book and MBA course, we know exactly what it is and what it is used for. Or do we? There may be more to this framework than we mostly realize. For example, how can we explain its tremendous success and populari ...
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Three strategies to use the Value / Business Model Canvas

Three strategies to use the Value / Business Model Canvas

One of the strengths of the original business model canvas is that it can be used in two importantly distinct ways: from right to left (starting with key customers, channels, and relationships) and from left to right (starting with key partners, key resources, and key activities). These two ways re ...
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Value Creation vs. Value Capturing in the Value Model Canvas

Value Creation vs. Value Capturing in the Value Model Canvas

The last two weeks I've shared with you some of my ruminations about business models. Although targeted at the business model canvas, the critiques I expressed and the modifications I suggested also apply to the notion of a business model itself. In this blog I'd like to elaborate further on the fi ...
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Beyond the business model: The Value Model Canvas

Beyond the business model: The Value Model Canvas

As a follow-up on my previous blog, this blog introduces the 'Value Model Canvas' as an alternative to Osterwalder's business model canvas. In my previous blog I mentioned three shortcomings of the business model canvas of Osterwalder: a) The business model canvas excludes an organization’s stra ...
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Three shortcomings of the Business Model Canvas

Three shortcomings of the Business Model Canvas

Along with the increasing popularity of the business model concept, Alex Osterwalder's 'Business Model Canvas' is being adopted by more and more firms all over the world. This canvas offers managers, entrepreneurs and consultancies a handy tool with which they can visualize and play with their busin ...
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The Strategic Purpose Framework

The Strategic Purpose Framework

Categories Frameworks
What is the strategic purpose of your business? Whether you develop a new business or lead an existing one, its all about the money. Or is it? As the industrialist Henry Ford reminded us a long time ago, a business that makes nothing but money, is a poor kind of business. I full-heartedly agree and ...
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