The authors argue that lasting success comes not from battling competitors but from creating “blue oceans”—untapped new market spaces ripe for growth. Blue ocean strategy presents a systematic approach to making the competition irrelevant and outlines principles and tools any organization can use to create and capture their own blue oceans. This expanded edition includes: 1). A new preface by the authors: help! my ocean is turning red. 2). Updates on all cases and examples in the book, bringing their stories up to the present time. 3). Two new chapters and an expanded third one—alignment, renewal, and red ocean traps—that address the most pressing questions readers have asked over the past 10 years. A landmark work that upends traditional thinking about strategy,