24 December 2007

The Four Steps of Visualizing Strategy : Blue Ocean Strategy

The Four Steps of Visualizing Strategy : Blue Ocean Strategy

1. Visual Awakening

  • Compare your business with your competitors by drawing your "as is" strategy canvas.
  • See where your strategy needs to change.

2. Visual Exploration

  • Go into the field to explore the six paths to creating blue oceans.
  • Observe the distinctive advantages of alternative products and services.
  • See which factors you should elimate, create, or change.

3. Visual Strategy Fair

  • Draw your "to be" strategy canvas based on insights from field observations.
  • Get feedback on alternative strategy canvases from customers, competitors' customers, and noncustomers.
  • Use feedback to build the best "to be" future strategy.

4. Visual Communication

  • Distribute your before-and-after strategic profiles on one page for easy comparison.
  • Support only those projects and operational moves that allow your company to close the gaps to actualize the new strategy.

Source: For more details, please read on page 84, Blue Ocean Strategy, W. Chan Kim and Renee Mauborgne.

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