When a company is seeking to create a new market space through value innovation, they need to consider factors that must be eliminated, reduced, raised and created in order to change the market and craft new strategies.

Question

Quizplus · Accepted Answer

This statement is true as it aligns with the principles of value innovation outlined in the Blue Ocean Strategy framework, which involves identifying factors that need to be eliminated, reduced, raised, and created to create a new market space and drive innovation.

When a Company Is Seeking to Create a New Market