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I just finished reading *Blue Ocean Strategy: How to Create Uncontested Market Space and Make the Competition Irrelevant* by Chan Kim and Renée Mauborgne, and honestly, the title sums it up perfectly. It’s all about carving out a space in the market where no one else is playing, based on the idea that fighting it out in crowded markets is a tough way to turn a profit. It’s quickly become one of my go-to books.
The authors point out that no strategy is without risk—there’s always a mix of potential rewards and pitfalls. But right now, the game is heavily tilted toward tools and frameworks that favor established businesses. As long as that’s the case, those companies will keep hogging the strategic spotlight, even though there’s a pressing need to spark fresh ideas and initiatives.
What I really enjoyed about the book is how it dives into real-world examples of companies that flipped their industries upside down by creating entirely new markets. Take the car industry: they walk you through the shift from the Model T to General Motors, then to compact, fuel-efficient Japanese cars, and later the Chrysler minivan—each a game-changer in its own right.
One story that stuck with me was about haircuts in Japan. Traditionally, a cut there ran $40 to $50 and came with the works—shampoo, scalp massage, the whole deal—but it took an hour and often meant long waits. Then a chain of barbershops rolled in with a no-frills, no-appointment approach, like what we’re used to in North America, and they absolutely took off.
That example captures the book’s core idea: figure out what’s actually being delivered, pinpoint what you can massively improve, and go from there. Often, you can cut costs while boosting value for the customer. With the barbershops, they saved money by skipping the extras like tea and lengthy pampering, while also slashing wait times—something customers cared about more than the frills. Turns out, people just wanted a quick, solid haircut, not a spa day.
The authors point out that no strategy is without risk—there’s always a mix of potential rewards and pitfalls. But right now, the game is heavily tilted toward tools and frameworks that favor established businesses. As long as that’s the case, those companies will keep hogging the strategic spotlight, even though there’s a pressing need to spark fresh ideas and initiatives.
What I really enjoyed about the book is how it dives into real-world examples of companies that flipped their industries upside down by creating entirely new markets. Take the car industry: they walk you through the shift from the Model T to General Motors, then to compact, fuel-efficient Japanese cars, and later the Chrysler minivan—each a game-changer in its own right.
One story that stuck with me was about haircuts in Japan. Traditionally, a cut there ran $40 to $50 and came with the works—shampoo, scalp massage, the whole deal—but it took an hour and often meant long waits. Then a chain of barbershops rolled in with a no-frills, no-appointment approach, like what we’re used to in North America, and they absolutely took off.
That example captures the book’s core idea: figure out what’s actually being delivered, pinpoint what you can massively improve, and go from there. Often, you can cut costs while boosting value for the customer. With the barbershops, they saved money by skipping the extras like tea and lengthy pampering, while also slashing wait times—something customers cared about more than the frills. Turns out, people just wanted a quick, solid haircut, not a spa day.