Name: MNG4801 Assignment 1 2025 - Due 16 May 2025 - StudyPass
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MNG4801 Assignment 1 2025 – Due 16 May 2025

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MNG4801
ASSIGNMENT 1 2025
DUE: 16 MAY 2025

Introduction

In this assignment, I learned about two important strategies that businesses use: the
Red Ocean strategy and the Blue Ocean strategy. These strategies help businesses
decide how to grow and compete in the market. The Red Ocean strategy is about
competing in markets where many businesses are already fighting for customers, while
the Blue Ocean strategy is about creating new, open spaces where there is no
competition. For me personally studying these strategies, I have gained a better
understanding of how businesses can succeed by either competing or being creative
and different. This reflection will answer some questions about how I have learned from