Empirical Validation of Blue Ocean Strategy Sustainability in an International Environment

Dvorak Jiri () and Razova Ilona ()
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Dvorak Jiri: University of Economics, Prague,Jindrichuv Hradec, Czech Republic
Razova Ilona: University of Economics, Prague,Jindrichuv Hradec, Czech Republic

Foundations of Management, 2018, vol. 10, issue 1, 143-162

Abstract: This article investigates the applicability of blue ocean strategy in regard to low-cost airlines in the civil airline industry. To do so, the commercial offers of selected airlines were compared to validate any attempts to apply the blue ocean strategy concept. This is followed by examining the time limitation of the concept in a competitive environment and is illustrated by the changes in the industry for the past 30 years and a comparison of offers from similar companies. The third issue is the evaluation of the further contribution of blue ocean strategy when it is recognized as time-limited. The importance of first-mover advantage, which could be based on the ability to capture an economy of scale and advantageously shape the market, is also discussed.

Keywords: blue ocean strategy; civil airliners; competitiveness; low-cost strategy; first-mover advantage; Ryanair; customer value; value curve (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:founma:v:10:y:2018:i:1:p:143-162:n:12

DOI: 10.2478/fman-2018-0012

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