The Cirque du Soleil - Sailing Beyond the Red Ocean
Fresh off my #StrategyManagement course in this term's MBA, and the Cirque du Soleil case study remains etched in my mind. It's the perfect example of #BlueOceanStrategy in action
Remember the traditional circus that we used to attend as kids? – animals, clowns, and predictable acts. Then came Cirque du Soleil, defying this tradition and diving into a unexplored territory: a sophisticated, story-driven, and adult-oriented circus experience.
Here's how they navigated the blue ocean: (ERRC Concept)
Eliminated: Animal acts, traditional clowning, and the usual high tent itself.
Reduced: Elaborate visuals and stunts were often the main focus, they started focusing instead on artistic storytelling and emotional connection.
Created: Breathtaking acrobatics, captivating music, and theatrical narratives with stories.
Raised: The bar for the entire circus industry with premium pricing and a comfortable, immersive experience.
The result? A breakthrough! Cirque du Soleil redefined the circus industry, attracting not just kids, but adults, corporate audiences, and anyone seeking a unique entertainment experience.
This case study is a masterclass in innovation and strategic thinking. It serves as a constant reminder to seek out blue oceans in our own industries, challenge assumptions, and create value propositions that truly resonate.
#MBA #Marketing #Innovation #Disruption #BlueOcean #CirqueDuSoleil