The Influence of Blue Ocean Strategy on Organizational Performance

Authors

  • Md. Habibur Rahman Bangladesh Agricultural University
  • Sabbrina Choudhury BGMEA University of Fashion and Technology

DOI:

https://doi.org/10.18034/gdeb.v8i2.101

Keywords:

blue ocean strategy, red ocean strategy, organizational performance, creative competition

Abstract

The study deals with the blue ocean strategy (BOS) that offers users a framework for making uncontested market space and diverts the outlooks from the existing competition to the creation of innovative value and demand. The purpose of the study is to determine the influence of BOS on organizational performance. In this study, we systematically examine previous research on these topics of BOS. The findings show that there is a significant contribution of BOS to the enhancement of organizational performance. The study recommends that the policymakers should perform a critical analysis of BOS before implementation to see its suitability in the desired organization. Additionally, we identify future research areas that provide scholars opportunities to push theoretical boundaries and offer further insights into the study of BOS.

JEL Classification Codes: M31, L25

Downloads

Download data is not yet available.

Author Biographies

  • Md. Habibur Rahman, Bangladesh Agricultural University

    Lecturer, Institute of Agribusiness and Development Studies, Bangladesh Agricultural University, Mymensingh, BANGLADESH

  • Sabbrina Choudhury, BGMEA University of Fashion and Technology

    Lecturer, Department of Business Administration, BGMEA University of Fashion and Technology, Dhaka, BANGLADESH

References

Basri, J., Ghadzali, M., & Ismail, M. (2011). BOS: Application in Universiti Sains Malaysia Library. Jurnal PPM, 5. Retrieved From Http://Eprints.Usm.My /26112/1/Blue _Ocean_Strategy.Pdf

Berry, G. (2015). Why the Business Model Canvas Complements BOS. NHL Hogeschool.

Borgianni, Y., Cascini, G., & Rotini, F. (2012). Investigating the patterns of value-oriented innovations in blue ocean strategy. International Journal of Innovation Science, 4(3), 123-142. DOI: https://doi.org/10.1260/1757-2223.4.3.123

Brady, R. (2005). W. Chan Kim and Renee Mauborgne’s Blue ocean strategy: How to create uncontested market space and make the competition irrelevant. Harvard Business Press.

Buisson, B. & P. Silberzahn (2010). Blue Ocean or Fast-Second Innovation? A Four-Breakthrough Model to Explain Successful Market Domination. International Journal of Innovation Management, 14(03), 359-378. DOI: 10.1142/s1363919610002684 DOI: https://doi.org/10.1142/S1363919610002684

Burke, A., Stel, A., & Thurik, R. (2009). Blue Ocean versus Competitive Strategy: Theory and Evidence. Erim Report Series Research in Management. Retrieved from http://hdl.handle.net/1765/16037

Canopus Business Management Group. (2016). Characteristics of a Good BOS. Collaborat.com. Retrieved from http://www.collaborat.com/characteristics-of-a-good-blue-ocean-strategy/

Carton, G. (2017). A Blue Ocean Strategy for “Blue Ocean Strategy”: on Performativity of Strategic Management. Academy Of Management Proceedings, 2017(1), 17635. doi: 10.5465/ambpp.2017.17635abstract DOI: https://doi.org/10.5465/AMBPP.2017.17635abstract

Chan, k. & Mabourn, R. (2011). The Blue Ocean Strategy: How to create market space without resistance and unrelated to competition. (translated by: Atefi Mohammad Reza), Second edition, Tehran: Naab Publishing.

Chang, S. (2010). Bandit cellphones: A BOS [Abstract]. Technology in Society, 32(3), 219-223. http://dx.doi.org/10.1016/j.techsoc .2010.07.005

Eskandari, M., Miri, M., & Allahyary, A. (2015). Thinking of the blue ocean - strategy beyond the competition. Asian Journal of Research in Business Economics and Management, 5(8), 134. DOI: 10.5958/2249-7307.2015.00166.8 DOI: https://doi.org/10.5958/2249-7307.2015.00166.8

Gavrea, C., Ilieş, L., & Stegerean, R. (2011). Determinants of Organizational Performance: The Case of Romania. Management & Marketing Challenges for the Knowledge Society, 6(2), 285-300.

Halligan, B. (2006). BOS: A Small Business Case Study.

Herman, D. (2008). Marketing Article: The Limitations of Blue Oceans Strategies and an Unexpected Alternative. Marcommwise.com. Retrieved 14 July 2019, from http://www.marcommwise.com/article.phtml?id=911

Hollensen, S. (2013). The Blue Ocean that disappeared–the case of Nintendo Wii. Journal of business strategy, 34(5), 25-35. DOI: https://doi.org/10.1108/JBS-02-2013-0012

Kabukin, D. (2014). Reviewing the BOS. Is the BOS valid and reliable? (Master). The University of Twente.

Kim, W. & Mauborgne R. (2004a). Blue Ocean Strategy. Harvard Business Review, 82 (10), 76-84.

Kim, W. & Mauborgne, R. (2004b). Value innovation: The strategic logic of high growth. Harvard Business Review, 82(7-8), 172-180.

Kim, W. & Mauborgne, R. (2005a). BOS: From Theory to Practice. California Management Review, 47(3), 105-121. http://dx.doi.org/10.2307/41166308. DOI: https://doi.org/10.2307/41166308

Kim, W. & Mauborgne, R. (2005b). Value innovation: a leap into the blue ocean. Journal of Business Strategy, 26(4), 22-28. http://dx.doi.org/10.1108/02756660510608521. DOI: https://doi.org/10.1108/02756660510608521

Kim, W. & Mauborgne, R. (2014). The Mind Map of Blue Ocean Leadership. INSEAD Knowledge. Retrieved 15 July 2019, from http://knowledge.insead.edu/leadership-management/the-mind-map-of-blue-ocean-leadership-3690

Kim, W. (2010). How strategy shapes structure. Strategic Direction, 26(2). DOI: https://doi.org/10.1108/sd.2010.05626bad.003

Leavy, B. (2005). Value pioneering–how to discover your own “blue ocean”: an interview with W. Chan Kim and Renee Mauborgne. Strategy & Leadership, 33(6), 13-20. DOI: https://doi.org/10.1108/10878570510631611

Moon, G. (2014). Want to Make Your Blog Stand Out? Use The BOS. CoSchedule Blog. Retrieved from http://coschedule.com/blog/blue-ocean-strategy/

Muckersie, E. (2019). 3 examples of blue ocean strategy - Decidedly. Retrieved 21 August 2019, from https://decidedly.com/3-examples-blue-ocean-strategy/

Navis, C. & Glynn, M. (2010). How New Market Categories Emerge: Temporal Dynamics of Legitimacy, Identity, and Entrepreneurship in Satellite Radio, 1990–2005. Administrative Science Quarterly, 55(3), 439-471. http://dx.doi.org/10.2189/asqu .2010 .55.3.439

Neill, J. (2019). Blue Ocean Strategy Examples | Blue Ocean System. Retrieved 21 August 2019, from https://www.blueoceansys.com/blogs/blue-ocean-strategy-examples/

Omar, R. & Tasmin, R. (2015). Society Transformation and Social Development through University-Community Transformation Centre (UCTC) Via Universiti Tun Hussein Onn Malaysia Experience. Journal of Techno Social, 7(2).

Randall, R. M. (2015). W. Chan Kim and Renée Mauborgne dispel blue ocean myths. Strategy & Leadership, 43(2), 11-14.

Rosales, R. (2010). BOS: A whole new world.

Tavallaee, R. (2010). The Blue Ocean Strategy, as revolutionary in the field of strategic management. Police Journal of Human Development, 24, 55 – 77.

Uzoamaka, E., Adaeze, E., & Jude Obinna, J. (2018). Effect of Blue Ocean Strategy on the Performance of Telecommunication Firms in South-East Nigeria. European Journal of Business and Management, 10(21), 48-56.

Vinayan, G., Jayashree, S., & Marthandan, G. (2012). Critical success factors of sustainable competitive advantage: A study in Malaysian manufacturing industries. International Journal of Business and Management, 7(22), 29. DOI: https://doi.org/10.5539/ijbm.v7n22p29

Wallace, C., Castaneda, M., & McGregor, P. (2009). BOS: Overcome Key Organizational Hurdles.

--0--

Downloads

Published

2019-12-31

How to Cite

Rahman, M. H. ., & Choudhury, S. . (2019). The Influence of Blue Ocean Strategy on Organizational Performance. Global Disclosure of Economics and Business, 8(2), 91-104. https://doi.org/10.18034/gdeb.v8i2.101

Similar Articles

31-40 of 54

You may also start an advanced similarity search for this article.