--- title: "1 Value Chain Quotes By W. Chan Kim" description: "1 Value Chain quotes by W. Chan Kim. Plus more from W. Chan Kim and more Value Chain sayings from other authors." image: "https://sms4smile.com/quotes/i/1d1/w-chan-kim-30343_assembly-line_the-first-involves-streamlining-operatio_556902.jpg" --- > [“The first involves streamlining operations and introducing cost innovations from manufacturing to distribution. Can the product’s or service’s raw materials be replaced by unconventional, less expensive ones—such as switching from metal to plastic or shifting a call center from the…](https://sms4smile.com/quotes/w-chan-kim/the-first-involves-streamlining-operations-and-introducing-cost/) [W. Chan Kim](https://sms4smile.com/quotes/author/w-chan-kim/) [Image](https://sms4smile.com/quotes/i/1d1/w-chan-kim-30343_assembly-line_the-first-involves-streamlining-operatio_556902.jpg) ## More by W. Chan Kim > [“Beyond streamlining operations and introducing cost innovations, a second lever companies can pull to meet their target cost is partnering. In bringing a new…](https://sms4smile.com/quotes/w-chan-kim/beyond-streamlining-operations-and-introducing-cost-innovations-a/) [W. Chan Kim](https://sms4smile.com/quotes/author/w-chan-kim/) > [“The first involves streamlining operations and introducing cost innovations from manufacturing to distribution. Can the product’s or service’s raw materials be replaced by unconventional,…](https://sms4smile.com/quotes/w-chan-kim/the-first-involves-streamlining-operations-and-introducing-cost/) [W. Chan Kim](https://sms4smile.com/quotes/author/w-chan-kim/) > [“Blue ocean strategy challenges companies to break out of the red ocean of bloody competition by creating uncontested market space that makes the competition…](https://sms4smile.com/quotes/w-chan-kim/blue-ocean-strategy-challenges-companies-to-break-out-of-the-red/) [W. Chan Kim](https://sms4smile.com/quotes/author/w-chan-kim/) > [“In a study of business launches in 108 companies, we found that 86% of those new ventures were line extensions—incremental improvements to existing industry…](https://sms4smile.com/quotes/w-chan-kim/in-a-study-of-business-launches-in-108-companies-we-found-that-86-of/) [W. Chan Kim](https://sms4smile.com/quotes/author/w-chan-kim/) > [“Standard Industrial Classification (SIC)”](https://sms4smile.com/quotes/w-chan-kim/standard-industrial-classification-sic/) [W. Chan Kim](https://sms4smile.com/quotes/author/w-chan-kim/) > [“Blue ocean strategy challenges companies to break out of the red ocean of bloody competition by creating uncontested market space that makes the competition…](https://sms4smile.com/quotes/w-chan-kim/blue-ocean-strategy-challenges-companies-to-break-out-of-the-red-2/) [W. Chan Kim](https://sms4smile.com/quotes/author/w-chan-kim/) > [The only way to beat the competition is to stop trying to beat the competition](https://sms4smile.com/quotes/w-chan-kim/the-only-way-to-beat-the-competition-is-to-stop-trying-to-beat-the/) [W. Chan Kim](https://sms4smile.com/quotes/author/w-chan-kim/) > [“If you can move people by inspiring and building their confidence to own and drive your new strategy, they will be committed to seeing…](https://sms4smile.com/quotes/w-chan-kim/if-you-can-move-people-by-inspiring-and-building-their-confidence-to/) [W. Chan Kim](https://sms4smile.com/quotes/author/w-chan-kim/) > [“Instead of drilling down and finding ways to creatively meet the target cost as Ford did, if companies give in to the tempting route…](https://sms4smile.com/quotes/w-chan-kim/instead-of-drilling-down-and-finding-ways-to-creatively-meet-the/) [W. Chan Kim](https://sms4smile.com/quotes/author/w-chan-kim/) > [“Blue ocean shift is a systematic process to move your organization from cutthroat markets with bloody competition—what we think of as red oceans full…](https://sms4smile.com/quotes/w-chan-kim/blue-ocean-shift-is-a-systematic-process-to-move-your-organization/) [W. Chan Kim](https://sms4smile.com/quotes/author/w-chan-kim/) > [“By probing questions such as these, the Swiss watch company Swatch, for example, was able to arrive at a cost structure some 30 percent…](https://sms4smile.com/quotes/w-chan-kim/by-probing-questions-such-as-these-the-swiss-watch-company-swatch-for/) [W. Chan Kim](https://sms4smile.com/quotes/author/w-chan-kim/) > [“To reach your organization’s tipping point and execute blue ocean strategy, you must alert employees to the need for a strategic shift and identify…](https://sms4smile.com/quotes/w-chan-kim/to-reach-your-organization-s-tipping-point-and-execute-blue-ocean/) [W. Chan Kim](https://sms4smile.com/quotes/author/w-chan-kim/) > [“Disengaged employees are an unfortunate reality in the workplace, and poor leadership is often to blame.”](https://sms4smile.com/quotes/w-chan-kim/disengaged-employees-are-an-unfortunate-reality-in-the-workplace-and/) [W. Chan Kim](https://sms4smile.com/quotes/author/w-chan-kim/) > [“We call this atomization after Einstein’s reflection that if you deconstruct any challenge into its basic components, or atoms, and focus on solving them…](https://sms4smile.com/quotes/w-chan-kim/we-call-this-atomization-after-einstein-s-reflection-that-if-you/) [W. Chan Kim](https://sms4smile.com/quotes/author/w-chan-kim/) > [“Value innovation requires companies to orient the whole system toward achieving a leap in value for both buyers and themselves.”](https://sms4smile.com/quotes/w-chan-kim/value-innovation-requires-companies-to-orient-the-whole-system-toward/) [W. Chan Kim](https://sms4smile.com/quotes/author/w-chan-kim/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/value-chain/w-chan-kim/#itemlist", "name": "1 Value Chain Quotes By W. Chan Kim", "numberOfItems": 1, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "“The first involves streamlining operations and introducing cost innovations from manufacturing to distribution. Can the product’s or service’s raw materials be replaced by unconventional, less expensive ones—such as switching from metal to plastic or shifting a call center from the UK to Bangalore? Can high-cost, low-value-added activities in your value chain be significantly eliminated, reduced, or outsourced? Can the physical location of your product or service be shifted from prime real estate locations to lower-cost locations, as The Home Depot, IKEA, and Walmart have done in retail or Southwest Airlines has done by shifting from major to secondary airports? Can you truncate the number of parts or steps used in production by shifting the way things are made, as Ford did by introducing the assembly line? Can you digitize activities to reduce costs? By”", "creator": { "@type": "Person", "name": "W. 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