In the context of Blue Ocean Strategy, 'search risk' refers to the potential challenges and uncertainties that a company may face when trying to identify and venture into new, uncontested market spaces (blue oceans). This risk arises from the need to educate the customer base about the new market that's been created. It involves the difficulty of breaking away from the existing industry structure and market boundaries, and successfully identifying and capturing new demand in an unknown market.
How can you effectively capture new markets and acquire demand against ever-so-fierce competition? B...
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