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.
Related terms
Go deeper
See how founders actually handle this on Growing and marketing, part of the Starting Up hub.