Topic: Business Practices for Sustaining Successful Organizations
Details:
Kim and Mauborgne, (in the book “Blue Ocean Strategy” Harvard Business Review Press, expanded edition, 2015, by W. Chan Kim and Renee Mauborgne), the reading assert that current business practices cannot sustain the success of organizations whereas Blue Ocean business practices will create and sustain successful organizations. Drawing upon your reading, current literature, and personal knowledge, you will write a paper that supports these assertions.
General Requirements:
Use the following information to ensure successful completion of the assignment:
• use APA style for their writing assignments.
•This assignment requires that at least two additional scholarly research sources related to this topic, and at least one in-text citation from each source be included.
Directions:
Write a paper of 1,600-1,750 words discussing how Blue Ocean practices will close gaps or replace ineffective business practices to produce successful, sustainable organizations. In your discussion, include the following:
1.A discussion of why current business practices cannot sustain the success of organizations.
2.A description of which business practices are applicable in a Blue Ocean strategy.
3. A discussion of how the Blue Ocean practices mitigate current business practices in order to produce successful, sustainable organizations