The Peril of Ignoring Value, Price, or People - S7 E40
Takeaways
- The full picture in business often goes beyond just stats.
- Value, price, and people are interconnected in business strategy.
- Misjudging value can lead to operating in a competitive 'red ocean'.
- Pricing is the most forgiving aspect of business strategy.
- Focusing on people can drive value creation.
📖 Buy "Blue Ocean Strategy" by W. Chan Kim | Renee Mauborgne
Suggested Content
Chapter Markers:
00:00 - The Importance of the Big Picture in Business
00:59 - Introduction to Blue Ocean Strategy
01:58 - Understanding Value, Price, and People
04:03 - The Consequences of Misjudging Value
05:58 - Navigating Pricing Challenges
07:52 - The Role of People in Creating Value
Activity