Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A blue - ocean strategy _ _ _ _ _ _ _ _ _ . Group of answer choices is an offensive strike employed by

A blue-ocean strategy _________.
Group of answer choices
is an offensive strike employed by a market leader that is directed at pilfering customers away from unsuspecting rivals to boost profitability.
involves an unexpected (out-of-the-blue) preemptive strike to secure an advantageous position in a fast-growing market segment.
involves the use of highly creative, never-used-before strategic moves to attack the competitive weaknesses of rivals.
involves abandoning efforts to beat out competitors in existing markets and instead invent a new industry or new market segment that renders existing competitors largely irrelevant and allows a company to create and capture altogether new demand.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Statistics

Authors: Robert A Donnelly, Robert Donnelly Jr

2nd Edition

0133852288, 9780133852288

More Books

Students also viewed these General Management questions