Blue ocean strategy is making the buzz these days. I can hear students and professionals talk about it everyday. And…as all famous models, the more people talk about it, the more the model gets distorded and looks like some kind of old patchwork.
Blue Ocean Strategy was developed by Kim and Mauborgne and first published in 2005. More than 10 years already. “They observed that companies tend to engage in head-to-head competition… Yet…it brings no real profit in today’s industries… Success comes, not from battling competitors, but from creating blue oceans of untapped new market spaces…”. https://www.blueoceanstrategy.com
This book is one of the most inspiring book i’ve read. Clear, persuasive, disruptive. But now it’s already a classic. Marketing has moved to new paradigms. One of it is “green marketing”. Green marketing is not new but it was limited to some greenwashing for years. Nothing really fundamental. Nothing really strategic. In the meanwhile, some pioneers were managing their little green business in some hidden garage somewhere. Now, the little guys grew up and are the current winners. The little green sea became an ocean !
Some examples ?
- Whole Foods Market, founded in Austin, Texas, in 1980 by two owners of small natural stores, now more than 400 supermarkets in America and UK. A wonderful concept, marvelously merchandised. http://www.wholefoodsmarket.com
- Preserve Products, a plastic manaufacturer founded in 1997 by Eric Hudson in Waltham, Massachusetts. Hudson worked with scientists and engineers to create Preserve’s first high-quality product from recycled plastics—a toothbrush. Since then, it has grown into a dynamic, green lifestyle company offering a range of everyday products for almost every room in the home. http://www.preserveproducts.com
- Ecover, founded in a small cottage in a rural town in Belgium by a team of highly motivated eco-pioneers. Long before ‘sustainability’ and ‘eco-friendly’ became household names, they showed evidence that phosphates, a common ingredient used in laundry and dishwasher products, were polluting water systems. They created a phosphate free washing powder, a real success that soon found its way across the globe. http://uk.ecover.com/en
So what ? What does that teach us ? Winners are those who believe in their deep values. They’re not dreamers, they’re militants. They want to share, not sell. Money is not the goal, it’s the consequence. The key to success in contemporary marketing is this: values bring value !
Be inspired !