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Blue Ocean Strategy Quiz

Authored by Nutchari Teeyabun

Social Studies

University

Used 1+ times

Blue Ocean Strategy Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who are the creators of Blue Ocean Strategy?

Michael Porter

W. Chan Kim and Renée Mauborgne

Peter Drucker

Henry Mintzberg

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Blue Ocean Strategy focus on?

Intense competition

Creating new market space via Value Innovation

Copying competitors

Only cost reduction

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Red Ocean represent?

A new uncontested market

Highly competitive market with many rivals

Niche market

Stagnant market

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why should organizations adopt Blue Ocean Strategy?

To reduce product value

To create sustainable growth and avoid destructive competition

To imitate competitors

To increase prices only

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the Strategy Canvas?

To set product prices

To analyze competition and identify opportunities

To create new technology

To define niche strategies

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the elements of the Four Actions Framework?

Cut, Expand, Imitate, Merge

Eliminate, Reduce, Raise, Create

Plan, Do, Check, Act

Discover, Design, Deliver, Develop

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Six Paths Framework used for?

To discover opportunities for creating new markets across dimensions

To measure business profit

To calculate production costs

To control internal operations

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