Blue Ocean
Also called Blue Ocean Strategy and Red Ocean
A strategy of creating a new, uncontested market space (a blue ocean) instead of fighting rivals in a crowded existing market (a red ocean). From the book Blue Ocean Strategy.
Why it matters
Competing in a red ocean means fighting on price and features against entrenched players; a blue ocean lets you set the terms. Finding one, by serving a need nobody else does, is a powerful but demanding path.
For example
Cirque du Soleil created a blue ocean by inventing a new kind of show, sidestepping the crowded, price-competitive circus market entirely.
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Related terms
Also in Starting Up
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