365465

CONTENT ANALYSIS OF THE BLUE OCEAN STATEGY AS A TOOL OF GREEN MARKETING

Article

Last updated: 03 Jan 2025

Subjects

-

Tags

Economics

Abstract

The current study adopted the concept of value innovation as the cornerstone of Blue Ocean Strategy. This concept is deeply embedded in marketing strategies, allowing companies and organizations to market their products more easily and efficiently. As a result, it reduces competition and empowers businesses to set pricing and monopolize, enabling them to establish their foundations and increase growth opportunities. The goal of value innovation is not just competition; it aims to minimize competition to the point where it ceases to exist. This is achieved by reducing costs through the removal of market-competitive elements and creating innovative elements that the market has not previously offered. The study aimed to introduce the Blue Ocean model and highlight its philosophy as one of the modern marketing approaches for environmentally friendly products within the context of Green Marketing. It also sought to showcase the experiences of some pioneering companies in creating unprecedented blue environments and leveraging them in marketing. These companies focused on key strengths to exceed expectations by using mechanisms to create innovative markets under the Blue Ocean strategy. The study found that the innovation element ranked first, representing 100% of the Blue Ocean strategy elements in all institutions that adopted its application. This indicates that innovation is the cornerstone of the Blue Ocean strategy. The elimination element ranked second, accounting for 20% as one of the ways to create new value for customers by eliminating costs and increasing efficiency without affecting the product's quality or demand. Meanwhile, the reduction element came in third place at 16.7%, signifying the removal of non-value-added factors for customers while simultaneously not affecting demand. This reduction aims to minimize costs and enhance efficiency. The addition element occupied the fourth and final position, representing 13.33% of the strategy's elements. It includes factors targeting the provision of new and innovative solutions to customers, enabling the organization to excel over competitors. The study recommended the deliberate application of the Blue Ocean strategy in business institutions, recognizing the challenge of finding markets devoid of competition. It also advised the adoption of sustainable methods for introducing non-traditional ideas and solutions. For organizations aspiring to implement the Blue Ocean strategy, patience, determination, and confidence are essential to reap its benefits. Additionally, building defensive strategic alternatives is crucial to safeguard institutions from competitive threats. In order to attract entrepreneurs from competitive markets (the Red Ocean), businesses should meticulously select the right Blue Ocean as their target market. By doing so, they can create appealing products that meet consumer needs      

DOI

10.21608/jes.2024.261256.1714

Keywords

Keywords: Content Analysis - blue ocean strategy, Green marketing

Authors

First Name

Nermin

Last Name

Ali

MiddleName

M.

Affiliation

Faculty of Graduate Studies and Environmental, Ain Shams University

Email

nermin.maher@iesr.asu.edu.eg

City

القاهرة

Orcid

-

First Name

Mahmoud

Last Name

Sobh

MiddleName

M. A.

Affiliation

Faculty of Commerce, Ain Shams University

Email

nermine_maher@yahoo.com

City

cairo

Orcid

-

First Name

Amr

Last Name

Nahlaa

MiddleName

M.

Affiliation

Faculty of Graduate Childhood Studies, Ain Shams University.

Email

amr.nahla3@gmail.com

City

cairo

Orcid

-

Volume

53

Article Issue

7

Related Issue

49571

Issue Date

2024-07-01

Receive Date

2024-03-03

Publish Date

2024-07-01

Page Start

1,882

Page End

1,900

Print ISSN

1110-0826

Online ISSN

2636-3178

Link

https://jes.journals.ekb.eg/article_365465.html

Detail API

https://jes.journals.ekb.eg/service?article_code=365465

Order

365,465

Type

Original Article

Type Code

500

Publication Type

Journal

Publication Title

Journal of Environmental Science

Publication Link

https://jes.journals.ekb.eg/

MainTitle

CONTENT ANALYSIS OF THE BLUE OCEAN STATEGY AS A TOOL OF GREEN MARKETING

Details

Type

Article

Created At

23 Dec 2024