$1)$ How does Kim's "Blue Ocean Strategy" concept challenge traditional competitive strategy frameworks, and what implications does this have for businesses aiming to create uncontested market spaces?

$2)$ Can you discuss the role of innovation in Kim's Blue Ocean Strategy, particularly in terms of how organizations can systematically create and capture new market opportunities while minimizing competition?

$3)$ How can businesses effectively balance the pursuit of differentiation and low cost, as advocated in Kim's Blue Ocean Strategy, to achieve sustainable competitive advantage in dynamic markets?