This is the Blue Ocean Mindset

Takeaways

• Stop benchmarking competitors and choosing between different action and costs.
• The average age of firms in benchmarks can mislead growth strategies.
• Focus on what outliers are doing to achieve success.
• The Blue Ocean mindset is crucial for leadership.
• Many firms lack a strategic plan or understanding of it.
• Execution may cause volatility in numbers intentionally.
• Innovation should be coupled with value addition.
• Client feedback is essential to validate business strategies.
• Growth can be achieved by adding value, not just through innovation.
• Understanding industry benchmarks requires a clear strategic vision.

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

Sponsors

🌱 S.E.E.D. Planning Group - https://www.seedpg.com/

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🎓 College Prep Bootcamp - https://www.sohteam.org/college-prep-bootcamp

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Chapter Markers:

00:00 - Introduction to Unleashing Leadership

01:30 - The Importance of Benchmarking

03:47 - Understanding the Blue Ocean Mindset

05:38 - Strategic Planning and Execution

07:48 - Value Innovation in Business