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A non-profit organization can implement the strategies discussed in Blue Ocean Shift by following the book's guidance on creating a 'blue ocean' - a market space that is uncontested and thus allows for high growth and profits. This involves identifying new market spaces, creating value innovations, and focusing on the big picture rather than competition. The organization would need to eliminate factors that are taken for granted in their industry, reduce factors that are overemphasized, raise factors that are undervalued, and create factors that are unprecedented. This approach can help non-profits to differentiate themselves and create unique value for their beneficiaries.
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For each of the six Paths investigated earlier, the team now identifies the common factors that were revealed. These need to be precise and concrete factors, not vague concepts; something specific that can be acted upon. Each factor is then listed under one of the four actions: Eliminate, Reduce, Raise, or Create.
Asked on the following book summary:
Released in early-October 2017 — Blue Ocean Shift — is the continuation of the award-winning Blue Ocean Strategy, a bestselling strategy book based on...
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