This global bestseller, embraced by organizations and industries worldwide, challenges everything you thought you knew about the requirements for strategic success. Now updated with fresh content from the authors, Blue Ocean Strategy argues that cutthroat competition results in nothing but a bloody red ocean of rivals fighting over a shrinking profit pool. Based on a study of 150 strategic moves (spanning more than 100 years across 30 industries), the authors argue that lasting success comes not from battling competitors but from creating ∩╛ôblue oceans∩╛õ∩╛ùuntapped new market spaces ripe for growth. Blue Ocean Strategy presents a systematic approach to making the competition irrelevant and outlines principles and tools any organization can use to create and capture their own blue oceans. This expanded edition includes: 1). A new preface by the authors: Help! My Ocean Is Turning Red. 2). Updates on all cases and examples in the book, bringing their stories up to the present time. 3). Two new chapters and an expanded third one∩╛ùAlignment, Renewal, and Red Ocean Traps∩╛ùthat address the most pressing questions readers have asked over the past 10 years. A landmark work that upends traditional thinking about strategy, this bestselling book charts a bold new path to winning the future. Consider this your guide to creating uncontested market space∩╛ùand making the competition irrelevant.