Economy and government policies-China adopted Open Door Policy for businesses. This promoted foreign trade and economic investment, and led to evolvement of many business start-ups. In 1980s, the economy was booming, Hong Kong became magnet for international trade, with its high GDP growth rate, averaging to 5.2%. With improved income and GDP growth, the quality of life enhanced over years and gave higher purchasing power to citizens. Individuals now could afford to pay for their valued-needs.
The real estate boom in 1990s generated a new market segment of property …show more content…
Companies create a leap in value (not competitive advantage) so that new demand is created whereby competition is made irrelevant
A leap in value in blue oceans is about increasing value and decreasing costs
The claim that blue ocean strategies are often created from within existing industries is too limiting: Internal opportunities may be so limited that it may be essential to