Blue Ocean Strategy by W Chan Kim and Renee Mauborgne
International Bestseller is what the cover of the copy of the book I have says, so I assume a lot of people would have found this book wonderful. My one line take on the book: Another view of the same data after a bit of slicing and dicing. And I often wonder why such books are so popular, are they really going to change the lives of the businesses or the people who read them.
Book talks about a strategy that instead of fighting in the red ocean of competition, try and create blue oceans of untapped markets or value innovation, and make the competition irrelevant. To me this is common sense which every entrepreneur understands inherently. Authorw have tried to give some tools and frameworks to assess your blue ocean strategy. This assumes that you have a Blue Ocean strategy and these tools can help you know if it will work ort not, or they can help you ask some questions that you may not have thought through. To this extent the tools could be useful, but does the book help you actually find out those spaces where the potential blue oceans can be, I doubt.
I would say use the tools mentioned in the book to see if your strategy is different from your competitors or not, is there something new that you are taking to your customers which they would buy or which would make sense for them. But if you are looking for finding the way to find blue oceans for your idea or business, you probably have to do it yourself.
It’s a quick read, you can finish in one or two sittings, written in a pretty simple language that can be understood by anyone, and the examples mentioned are so popular and commonplace that you would want to skip through them, as they are quite predictable.