Blue Ocean
A market space that is unexplored and uncontested, where companies can create new demand and capture significant market share without much competition.
A market space that is unexplored and uncontested, where companies can create new demand and capture significant market share without much competition.
Innovation that creates a new market and value network, eventually disrupting and displacing established market-leading products or services.
Market Requirements Document (MRD) is a comprehensive document that outlines the market's needs, target audience, and business objectives for a product.
The simultaneous pursuit of differentiation and low cost, creating a leap in value for both the company and its customers, often associated with Blue Ocean Strategy.
Product Development is the process of bringing a new product to market or improving an existing one.
The practice of leveraging current events or news stories to promote one's brand or product.
The economic theory that suggests limited availability of a resource increases its value, influencing decision-making and behavior.
A psychological principle where people place higher value on objects or opportunities that are perceived to be limited or rare.
Marketing Qualified Lead (MQL) is a prospective customer who has shown interest in a company's product or service and meets specific criteria indicating a higher likelihood of becoming a customer.