The connections that exist between red and Blue Ocean strategy is that both stand out in value and cost strategies because they align the activities of the organization when pursuing differentiation and minimize costs. The red and blue ocean strategies are connected to the expansion of the existing boundaries of the organizations. The two approaches are utilized in the organization where the strategists assess the competitors' strategy and striving to do better. The strategies are utilized by the managers to sustain their organizations in the marketplace and aimed at increasing income.
SWOT and SOAR models are business management tools used as an organizational framework to improve business performance. In recent times, both strategies have been used concurrently, while others substitute the strategy with the other. SWOT analysis is an acronym for Strength, Weakness, Opportunities, and Threats. SOAR analysis, on the other hand, stands for Strengths, Opportunities, Aspirations, and Results. The connections between the two are that an organization can utilize to identify the strengths and opportunities that can be used to enhance the company's production. The two models are vital for the organization to explore new initiatives, develop a strategic plan, and redirect the efforts and resources.
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The other connection between SWOT and SOAR is that they can be utilized by the organizations striving for breakthroughs rather than gradual improvement. The SOAR and SWOT methods are related because they can be used to improve the outlook of the organization. They can be adopted to deal with the external forces while ensuring that the objectives are well defined. The two tools are connected because they are action-oriented analysis which enables the organizations to take some actions needed to enhance production. SWOT and SOAR tools are useful in planning in any organization because they highlight the strengths and opportunities that can be utilized to achieve the set goals.
The four business strategies are critical in the organization because they are used to analyze the performance and improve production of the organization. However, it is crucial to note that SWOT analysis and red ocean strategy lays emphasis on the external factors, and stiff competition is taken into consideration to ensure that the competitors are completely eliminated in order to succeed in the market. On the other hand, SOAR and blue ocean strategies put into consideration the internal factors that the organization is good at and how to improve on innovation. This would play an integral role in the company because the competition will be minimized.
