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Knocking Down False Boundaries
Manage episode 453839751 series 3522234
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Takeaways
- Competition is not always traditional; it can be about priority in the consumer's mind.
- Blue Ocean Strategy encourages creating new markets rather than competing in existing ones.
- Understanding boundaries is crucial for innovation and growth.
- A mindset shift is necessary to break free from conventional limitations.
- The business landscape is not as rigid as it seems; many rules are self-imposed.
- Asking 'why' can lead to new insights and opportunities.
- There are no permanent boundaries; they are markers for exploration.
- Success requires a willingness to challenge accepted norms and practices.
- Continuous expansion of territory is key to sustained growth.
- Having a passionate drive is essential for navigating new business landscapes.
📖 Buy "Blue Ocean Strategy" by W. Chan Kim | Renee Mauborgne
Sponsors
🌱 S.E.E.D. Planning Group - https://www.seedpg.com/
🎙️ Ditch The Suits Podcast - https://www.ditchthesuits.com/
💻 NQR Media - https://www.nqrmedia.com/
🎙️ Cut Throat College Planning Podcast - https://www.nqrmedia.com/ctcp/cut-throat-college-planning
🎓 College Prep Bootcamp - https://www.sohteam.org/college-prep-bootcamp
🎙️ One Big Thing Podcast - https://www.nqrmedia.com/one-big-thing
Chapter Markers:
00:00 - The Nature of Competition in Business
02:21 - Understanding Blue Ocean Strategy
03:34 - Breaking Down Boundaries
07:04 - Challenging Accepted Norms
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