Episode 386
Choose Between Competition or Alternative Options
Takeaways
- The Blue Ocean Mindset encourages looking beyond competition.
- Shifting from competitors to alternatives opens new opportunities.
- Leadership must redefine terminology to change perspectives.
- Understanding non-customers is key to market expansion.
- Red oceans can still attract new clients with the right approach.
- The journey of non-customers differs from that of existing customers.
- Innovative thinking is essential for discovering blue oceans.
- Market potential includes both customers and non-customers.
- Conventional wisdom can limit business growth.
- Engaging with novices can provide fresh insights.
📖 Buy "Blue Ocean Strategy" by W. Chan Kim | Renee Mauborgne
Sponsors
🌱 S.E.E.D. Planning Group - https://www.seedpg.com/
🎙️ Ditch The Suits Podcast - https://www.ditchthesuits.com/
💻 NQR Media - https://www.nqrmedia.com/
🎙️ Cut Throat College Planning Podcast - https://www.nqrmedia.com/ctcp/cut-throat-college-planning
🎓 College Prep Bootcamp - https://www.sohteam.org/college-prep-bootcamp
🎙️ One Big Thing Podcast - https://www.nqrmedia.com/one-big-thing
Chapter Markers:
00:00 - Introduction to Blue Ocean Mindset
02:47 - Shifting Perspectives: Competitors to Alternatives
06:03 - Understanding Customers vs. Non-Customers
09:02 - Navigating Red and Blue Oceans