
Summary
Tony Robbins emphasizes the importance of creating a "blue ocean" in business, a concept introduced by Renee Mauborgne in her bestselling book, "Blue Ocean Strategy." This strategy advocates for moving away from fierce competition in saturated markets, referred to as "red oceans," and instead focuses on creating new market spaces that are less contested and primed for growth. Robbins argues that businesses should not merely aim to outperform competitors but should seek to innovate in ways that make the competition irrelevant.
Mauborgne explains that successful companies like Cirque du Soleil and Drybar have thrived by redefining their industries and focusing on unique value propositions rather than competing on price alone. She highlights that businesses of all sizes can benefit from this approach by identifying non-customers and understanding their needs, which can lead to the development of compelling products and services that stand out in the marketplace.
The conversation also touches on the role of social media, which Mauborgne believes amplifies the need for differentiation. In a world where consumers have a powerful voice, businesses must create exceptional offerings worthy of positive word-of-mouth. The discussion concludes with practical advice for companies looking to adopt blue ocean strategies, including using tools like the Strategy Canvas and the Blue Ocean Idea Index to assess their market position and identify opportunities for innovation.
Show Notes
Making Competition Irrelevant - Don't Compete. Create. - Tony Robbins PodcastUploaded 30-04-19Are you ready to move from downward pricing pressure to upward pricing possibility? Are you ready to start having customers seek you out rather than having to chase them down? Do you want to know the secret to making the competition irrelevant? Or how to transition from a red ocean of bloody competition to a blue ocean of uncontested market space?In this episode of the Tony Robbins Podcast, you will hear from Renée Mauborgne – professor at INSEAD and co-director of the INSEAD Blue Ocean Strategy Institute, and author of the best-selling book, Blue Ocean Strategy, which has sold over 3.5 million copies across 5 continents and was recently updated and expanded in 2015 – as she discusses how any business can break away from the competition, build a strong brand, and get the world of social media to start talking.Visit Tony Robbins' websites:https://www.tonyrobbins.com/http://www.unshakeable.com/Follow Tony Robbins @:Facebook: https://www.facebook.com/TonyRobbinsTwitter: https://twitter.com/tonyrobbinsLinkedIn: https://www.linkedin.com/in/ajrobbinsInstagram: https://instagram.com/tonyrobbins/Tony Robbins is a #1 New York Times best-selling author, entrepreneur, and philanthropist. For more than 37 years, millions of people have enjoyed the warmth, humor and dynamic presentation of Mr. Robbins' corporate and personal development events. As the nation's #1 life and business strategist, he¹s called upon to consult and coach some of the world¹s finest athletes, entertainers, Fortune 500 CEOs, and even presidents of nations. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices
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