Download, customize, and translate hundreds of business templates for free
The concept of untapped demand can be utilized in a Blue Ocean Shift by identifying the various tiers of non-customers. The team should start by considering who typically buys or uses the industry's offering, thinking in big picture terms. Then, have each team member think about who might be in the three tiers of non-customers, and share their thoughts with the group. As these ideas are debated, the team will develop an understanding of the untapped demand that is out there. Next, break the team into subgroups to do some quick research on the parameters of each of these non-customer segments, to get a rough idea of the potential that each represents. By the end of this step, the team will have a strong sense of the possibilities that could result from a Blue Ocean Shift, and will have developed the confidence to tackle the final two steps.
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...
Go to dashboard to download stunning templates
DownloadQuestion was asked on:
To identify the various tiers of non-customers, the team should start by considering who typically buys or uses the industry's offering, thinking in big picture terms. Then, have each team member think about who might be in the three tiers of non-customers, and share their thoughts with the group. As these ideas are debated, the team will develop an understanding of the untapped demand that is out there. Next, break the team into subgroups to do some quick research on the parameters of each of these non-customer segments, to get a rough idea of the potential that each represents. By the end of this step, the team will have a strong sense of the possibilities that could result from a Blue Ocean Shift, and will have developed the confidence to tackle the final two steps.
Questions and answers