Question: Please consider these two statements and then complete the TASK outlined below: Statement 1 . The Blue Ocean Strategy business model pattern, is a generalization,
Please consider these two statements and then complete the TASK outlined below:
Statement The Blue Ocean Strategy business model pattern, is a generalization, about particular strategy reflected in each section of the business model canvas BMC Removing or reducing anythingactivitybody and so on that ADDS significant COSTS to the company with little value in return. AND, at the same time, Design, create and Improve INNOVATE on anythingactivitybody and so on that INCREASES the value and reach of the Brand plus the Revenues. The claim is: a company attempting this strategy will become very unique and differentiated in the marketplace thus survive and thrive even. Like Cirqu de Soleil for example.
Statement Yet we also learned about Operational Management Excellence. The main idea evolved from Dr Deming's work to a strategy of making the company LEAN by eliminating or reducing anythingactivity that creates waste, or does not add clear value. BUT Dr Deming also set the path to market success by CONSTANTLY IMPROVING MAXIMIZING necessary operations & resources of the company. Keeping them IN Control and only spending resources to make an adjustment if it truly is a source of a problem or bottleneck causing the business system to go OUT of Control.
TASK: for each of the nine section blocks of the BMC presented here place the most appropriate marker labels anywhere inside each of the BMC blocks according to the following instructions:
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