Issues in a down economy: blue oceans and new product development

Purpose – The purpose of this paper is to describe a conceptual strategy approach that can be applied to product development.Design/methodology/approach – The case describes an approach to avoid dangerous competition and find new uncluttered market space. The methodology is illustrated by a new start up.Findings – The paper provides an application of the blue ocean strategy approach to developing new products. Using the approach, companies can restructure their product and service offerings to serve new customers and escape from their industry competitors. Their results offer implications for new product development and management teams as well as senior management.Research limitations/implications – As in all case studies, the specific conditions found in one organization may not be found more generally in others. Readers are cautioned that the conclusions drawn in the case may have limited applicability.Practical implications – The case depicts the process that firm can use to innovate.Originality/value...