W. Chan Kim (Korean: 김위찬; born 1951[1]) is a South Korean business theorist. He is a Professor of Strategy and Management at INSEAD, and co-director of the INSEAD Blue Ocean Strategy Institute in Fontainebleau, France. He is known as co-author of the 2005 book Blue Ocean Strategy.
Born in Korea, Kim was educated at Ross School of Business, where late 1970s he started his academic career eventually becoming Professor.[2] In 1992 he moved to France, where he became Professor of Strategy and Management at INSEAD, and co-director of the INSEAD Blue Ocean Strategy Institute in Fontainebleau, France.
Kim has served on the board of multiple multinationals, and is Fellow of the World Economic Forum.[3]
In 2008 he was awarded the Nobels Colloquia Prize for Leadership on Business and Economic Thinking. He was ranked second in the Thinkers50 of the most influential management thinkers alive.[4]
Work
Creating New Market Space
In their 1997 Harvard Business Review article "Value Innovation" Kim and Renée Mauborgne presented a popular post-Porter model. In this article they described a "value innovation" model in which companies must look outside their present paradigms to find new value propositions.
Their approach complements most of Michael Porter's thinking, especially the concept of differentiation. They later went on to publish their ideas in the book Blue Ocean Strategy. Thus it is difficult, but not impossible, to topple a firm that has established a dominant standard.
Blue Ocean Strategy
Blue Ocean Strategy is a business strategy book first published in 2005 and written by W. Chan Kim and Renée Mauborgne of The Blue Ocean Strategy Institute at INSEAD. The book illustrates what the authors believe is the best organizational strategy to generate growth and profits. Blue Ocean Strategy suggests that an organization should create new demand in an uncontested market space, or a "Blue Ocean", rather than compete head-to-head with other suppliers in an existing industry.[5]
Publications
Kim has published two famous book and numerous articles on strategic management of multinationals.
2017 Blue Ocean Shift. Beyond Competing. With Renée Mauborgne. New York: Hachette Books
Articles, a selection:
Hill, Charles WL, Peter Hwang, and W. Chan Kim. "An eclectic theory of the choice of international entry mode." Strategic management journal 11.2 (1990): 117–128.
Kim, W. Chan, and Peter Hwang. "Global strategy and multinationals' entry mode choice." Journal of International Business Studies (1992): 29–53.
Kim, W. Chan, and Renee A. Mauborgne. "Procedural justice, attitudes, and subsidiary top management compliance with multinationals" corporate strategic decisions." Academy of management journal 36.3 (1993): 502-526.
Kim, W. Chan, and Renée Mauborgne. "Value innovation." Harvard Business Review 1 (1997).
Kim, W. Chan, and Renée Mauborgne. "Strategy, value innovation, and the knowledge economy." Sloan management review 40 (1999): 41–54.
Along with Renee Mauborgne, Kim has also written many cases, and they have been jointly featured among the top 40 case authors consistently, since the list was first published in 2016 by The Case Centre. They ranked sixth In 2018/19,[6] seventh in 2017/18,[7] eighth in 2016/17[8] and ninth in 2015/16.[9]
References
^Tom Brown et al. (eds.) (2002) Business Minds: Connect with the World's Greatest Management Thinkers. Pearson Education. p. 115
^Stuart Crainer (2002) "W. Chan Kim and Renée Mauborgne: The Thought Leader Interview." strategy-business.com. January 12, 2002
^W. Chan Kim and Renée Mauborgne The 50 Most Influential Management Gurus. 2013
^Kim, W. Chan; Mauborgne, Renée (1 February 2005). Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant. Harvard Business Press. blue ocean strategy.
^"Top 40 Bestselling Case Authors 2018/19". thecasecentre.org. Retrieved 2020-06-18.
^"Top 40 Bestselling Case Authors 2017/18". thecasecentre.org. Retrieved 2020-06-18.
^"Our Top 40 Bestselling Case Authors 2016/17". thecasecentre.org. Retrieved 2020-06-18.
^"Top 40 Bestselling Case Authors 2015/16". thecasecentre.org. Retrieved 2020-06-18.
External links
Wikiquote has quotations related to W. Chan Kim.
W. Chan Kim Web Profile at insead.edu
January 30, 2023
chan, korean, 김위찬, born, 1951, south, korean, business, theorist, professor, strategy, management, insead, director, insead, blue, ocean, strategy, institute, fontainebleau, france, known, author, 2005, book, blue, ocean, strategy, born1951, nationalitysouth, . W Chan Kim Korean 김위찬 born 1951 1 is a South Korean business theorist He is a Professor of Strategy and Management at INSEAD and co director of the INSEAD Blue Ocean Strategy Institute in Fontainebleau France He is known as co author of the 2005 book Blue Ocean Strategy W Chan KimBorn1951 age 71 72 NationalitySouth KoreanAlma materRoss School of BusinessOccupationBusiness theoristEmployerINSEADNotable workBlue Ocean Strategy 2005 AwardsNobels Colloquia Prize 2008 Contents 1 Biography 2 Work 2 1 Creating New Market Space 2 2 Blue Ocean Strategy 3 Publications 4 References 5 External linksBiography EditBorn in Korea Kim was educated at Ross School of Business where late 1970s he started his academic career eventually becoming Professor 2 In 1992 he moved to France where he became Professor of Strategy and Management at INSEAD and co director of the INSEAD Blue Ocean Strategy Institute in Fontainebleau France Kim has served on the board of multiple multinationals and is Fellow of the World Economic Forum 3 In 2008 he was awarded the Nobels Colloquia Prize for Leadership on Business and Economic Thinking He was ranked second in the Thinkers50 of the most influential management thinkers alive 4 Work EditCreating New Market Space Edit In their 1997 Harvard Business Review article Value Innovation Kim and Renee Mauborgne presented a popular post Porter model In this article they described a value innovation model in which companies must look outside their present paradigms to find new value propositions Their approach complements most of Michael Porter s thinking especially the concept of differentiation They later went on to publish their ideas in the book Blue Ocean Strategy Thus it is difficult but not impossible to topple a firm that has established a dominant standard Blue Ocean Strategy Edit Blue Ocean Strategy is a business strategy book first published in 2005 and written by W Chan Kim and Renee Mauborgne of The Blue Ocean Strategy Institute at INSEAD The book illustrates what the authors believe is the best organizational strategy to generate growth and profits Blue Ocean Strategy suggests that an organization should create new demand in an uncontested market space or a Blue Ocean rather than compete head to head with other suppliers in an existing industry 5 Publications EditKim has published two famous book and numerous articles on strategic management of multinationals 2005 Blue Ocean Strategy How to Create Uncontested Market Space and Make the Competition Irrelevant With Renee Mauborgne Boston Massachusetts Harvard Business School Press 2017 Blue Ocean Shift Beyond Competing With Renee Mauborgne New York Hachette BooksArticles a selection Hill Charles WL Peter Hwang and W Chan Kim An eclectic theory of the choice of international entry mode Strategic management journal 11 2 1990 117 128 Kim W Chan and Peter Hwang Global strategy and multinationals entry mode choice Journal of International Business Studies 1992 29 53 Kim W Chan and Renee A Mauborgne Procedural justice attitudes and subsidiary top management compliance with multinationals corporate strategic decisions Academy of management journal 36 3 1993 502 526 Kim W Chan and Renee Mauborgne Value innovation Harvard Business Review 1 1997 Kim W Chan and Renee Mauborgne Strategy value innovation and the knowledge economy Sloan management review 40 1999 41 54 Along with Renee Mauborgne Kim has also written many cases and they have been jointly featured among the top 40 case authors consistently since the list was first published in 2016 by The Case Centre They ranked sixth In 2018 19 6 seventh in 2017 18 7 eighth in 2016 17 8 and ninth in 2015 16 9 References Edit Tom Brown et al eds 2002 Business Minds Connect with the World s Greatest Management Thinkers Pearson Education p 115 Stuart Crainer 2002 W Chan Kim and Renee Mauborgne The Thought Leader Interview strategy business com January 12 2002 W Chan Kim at insead edu Accessed Sept 9 2013 W Chan Kim and Renee Mauborgne The 50 Most Influential Management Gurus 2013 Kim W Chan Mauborgne Renee 1 February 2005 Blue Ocean Strategy How to Create Uncontested Market Space and Make Competition Irrelevant Harvard Business Press blue ocean strategy Top 40 Bestselling Case Authors 2018 19 thecasecentre org Retrieved 2020 06 18 Top 40 Bestselling Case Authors 2017 18 thecasecentre org Retrieved 2020 06 18 Our Top 40 Bestselling Case Authors 2016 17 thecasecentre org Retrieved 2020 06 18 Top 40 Bestselling Case Authors 2015 16 thecasecentre org Retrieved 2020 06 18 External links Edit Wikiquote has quotations related to W Chan Kim W Chan Kim Web Profile at insead edu Retrieved from https en wikipedia org w index php title W Chan Kim amp oldid 1133065422, wikipedia, wiki, book, books, library,
