Episode 336

Are You Chum? All About Red Oceans. - S7 E3

Takeaways

  • Red Oceans are characterized by intense competition and limited resources.
  • In a Red Ocean, businesses focus on beating competitors rather than creating new value.
  • Conventional wisdom often leads to stagnation in business practices.
  • Education systems may indoctrinate individuals into Red Ocean thinking.

📖 Buy "Blue Ocean Strategy" by W. Chan Kim | Renee Mauborgne


Suggested Content

🎤 Ditch The Suits Podcast

🖥️ Ditch The Suits Website

🎙️ One Big Thing Podcast


Chapter Markers:

00:00 - Introduction to Red and Blue Oceans

02:47 - Understanding Red Oceans

05:50 - The Limitations of Conventional Wisdom

09:01 - The Path to Blue Oceans

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Unleashing Leadership: Unlocking Greatness and Embracing Change

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About your host

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Travis Maus

Travis Maus is the Chief Executive Officer of S.E.E.D. Planning Group is a fee-only financial planning firm with over 30 employees and locations in New York and Tennessee.

He hosts Unleashing Leadership and co-hosts the award-winning Ditch the Suits Podcast. Ditch the Suits aim is to help listeners get the most from their money and lives.

He is passionate, unfiltered, and committed to building great businesses.