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Red Ocean StrategyBlue Ocean Strategy
Compete in an existing market placeCreate an uncontested market place
Beat the competitionMake the competition irrelevant
Exploit existing demandCreate and capture new demand
Make the value/cost trade offBeat the value/cost trade off
Align the whole system of a company's activities with its strategic choice of differentiation or low costAlign the whole system of a company's activities in pursuit of differentiation and low cost