discuss how the level of competition in a given industry specifically is one of the most critical factors in determining whether or not a business will generally be profitable and successful in a subtle way.
Reflection on Business Article
W. Chan Kim and Renee Mauborgne (2019). Blue Ocean Strategy. Harvard Business Review, 79-93.
Thesis
The authors of the article titled “Blue Ocean Strategy” Chan Kim and Renee Mauborgne, discuss how the level of competition in a given industry specifically is one of the most critical factors in determining whether or not a business will generally be profitable and successful in a subtle way. Developing an argument in a way that both encourages and supports competition in a subtle way to be able to produce an argument that is both effective and inviting is basically essential. The author of the book does contend that engaging in pretty head-to-head competition with one’s competitors, specifically, is not the most effective way to actually create a thriving business environment since it is not the most productive method for strengthening the business environment. According to Chan and Renee, instead of creating contested markets for the products, they should instead create uncontested markets for their products, at least they thought that was what they should do. By understanding the product’s value and the market for the product, they will be able to establish an influence with consumers and establish a good relationship with them (Chan and Renee, 2019). The book outlines a systematic strategy for reducing competitors’ signs and weakening their power.
The Central Pillars
In Chan’s and Renee’s decision to operate outside of the bounds created by its competitors, both of them were adamant that the company should set its own rules. By applying a systematic strategy, a company can move from being a competitor of its competitor to becoming a principal influencer in the market and in the industry through becoming the primary competitor. By establishing and maintaining a strong relationship with the business’s customers and employees, the management will be able to accomplish this task. In addition, Chan and Rennee offer a step-by-step analysis of human psychology by investigating the human brain’s capabilities and constraints. In the event that competitors attempt to create a competitive environment for a business, human psychology serves as a road map that can control the dynamics of the business. The book also discusses the essential components of human interaction techniques and how they can be utilized to investigate how a company with a solid customer and supplier base can transform the following into characteristics that create an environment in which buyers and competitors focus on the incorrect aspects of business growth and creativity (Chan and Renee, 2019). It is essential to understand that the book “Blue Ocean Shift” provides relevant examples of how different managers are solving business challenges in various organizations, which will enable these businesses to be more competitive in the future.
Learning Goal: I’m working on a business writing question and need an explanation and answer to help me learn.
Reflections (one-page, single-spaced, business block, 10-point, Times New Roman font)
Address the following incorporating these bold subheadings to segment your narrative.Thesis – identify the central lesson the author is trying to teachCentral pillars – define and discuss at least three major learning outcomesDiscussion – reflection on the writing’s impact on the future manager
AN EXAMPLE (REFLECTIONS) OF THE FORMAT OF THE ESSAY IS ATTACHED. PLEASE DO NOT PLAGIARIZE THE CONTENT OR TOPIC OF THE ESSAY, PLEASE DO ORIGINAL WORK. AND MAKE SURE IT IS ONE FULL PAGE PER ESSAY.
An “A” essay:
1. Clearly and completely responds to the question, demonstrating sophisticated critical analysis.
2. Contains a clear and specific thesis statement (located at the end of the introduction).
3. Reflects a strong correspondence between the thesis statement and topic sentences.
4. Uses clear focused arguments, supported by evidence, with appropriate citations.
5. May offer unique arguments or analysis that others missed.
6. Is well organized with few errors in sentence structure, spelling and mechanics.
7. Incorporates complex sentences and smooth transitions, moderate to high thought-per-sentence
and -paragraph counts, and specific arguments from the applicable reading assignments.
8. Contains a complete and informative reference page
Requirements: 2 REFELCTION ESSAYS ( ONE FULLL PAGE PER ESSAY)
