When a blue ocean strategy fails, a company lacks both a distinct point of uniqueness and a distinct cost-leadership profile. The phrase <u>"stuck in the middle"</u> describes this circumstance.
<h3><u>What does "Blue Ocean Strategy" entail?</u></h3>
Blue Ocean Strategy is applicable to all industries and types of businesses. It is not exclusive to a single company. In the current business climate, the majority of businesses compete fiercely for market share. The viability of a company's operations is always a possibility when the product is subject to pricing pressure.
This circumstance typically arises when the company is competing in a crowded market, also referred to as a "Red Ocean." Businesses aim to locate verticals or new company opportunities where they can enjoy uncontested market share or a "Blue Ocean" where there is little possibility for growth. There is a "blue ocean" when there is the potential for larger profitability despite existing or insignificant competition.
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Answer and explanation:
<u>The people who would be angry about Japanese steel dumping are the American steel producers/manufacturers.</u> If Japanese steel costs much lower than American steel, that means American manufacturers will lose clients and, consequently, money. If the product is the same, if there are no differences in quality, then buyers will simply go for the cheapest one.
<u>The people who would benefit are companies and factories that need steel to make their products. Manufacturers of appliances, cars, machinery, and even construction companies </u>would greatly save money due to the low costs of such an essential material. <u>That could also benefit their clients</u>, since low costs of production can mean lower prices when the products are sold.
Prejudice is when you judge someone before you fully know the content of their character. Discrimination is when you act on your prejudice.