Meetings No 18
Intro
Chart a New Course to a Blue Ocean
Atti Soenarso: “In blue oceans competition has no meaning.”
Cover Story
Embracing Diversity and Inclusion
Sofia Falk: “Today businesses are eager to find solutions.”
Reghunathan
Recharge to Thrive Again
Dr. Rajkumar Reghunathan on burnout management.
Radar
Sydney Set for Business Event Boom
82 international events are in the pipeline for 2017–2023.
Knowledge Exchange
Meetings Are a Significant Economic Driver for Whistler
Insight into the city’s venue role from Mayor Nancy Wilhelm-Morden.
Knowledge Hub
Converting to Convention
Abdulla Bin Souqat on designing Dubai as a destination.
Sports Events
Sport and the City
Barbara Martins-Nio: “Successful sports cities have a clear strategy.”
Intermission
The Road Not Taken
A poem by Robert Frost.
Radar
CWT Foresees Event Growth in 2017
Safety, security and technology are expected to be major trends.
Radar
IBTM World Unveils Ultra-relevant Content for Meeting Planners
A knowledge programme shaped by attendees’ priorities.
Economic Multiplier
Driving Collaboration and Innovation Through Personality
Meet Gavin Poole, CEO of London’s new tech campus, Here East.
Sharma
How Business Titans Do It
A Mastery Session by Robin Sharma.
Radar
IBTM World Announces Award Shortlist
Ten finalists will compete for Technology and Innovation prize.
Brain Check
Pleasurable Dopamine Rushes
Tomas Dalström interviews Professor Lars Olsson.
Kellerman
Fixed vs. Growth Mindset
Roger Kellerman: “Why limit yourself when you can keep on learning?”
classifieds
news
hotels
Top Cities for Hotel Openings 2018
Dubai beats the rest of the world.
business Intelligence
EXPO 2020, Dubai:
500,000 new jobs, with more than 2,000 structures being built.
Omvärldsanalys
Ekonomisk succé
för SM-veckan i Borås.
Development
Today is the start
first Q Berlin Questions conference.
business intelligence
Korea MICE Bureau
Unveils Best of UNESCO Capital Gyeongju for OWHC Delegates.

Thomas Engelhart
to leave Scandic Hotels.
Business intelligence
ICC Sydney Celebrates 1,000 Team Member Qualifications
Through TAFE NSW Partnership.
air Transport
More than 7% increase
in Air Travel Compared to Last Year.
football and meetings
The Convention Centre Dublin to host UEFA 2020 draw -
Pan-European media gathering to showcase Dublin as a major event host city
innovation
Smartly dressed
in 100 procent Swedish paper.
Links
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Chart a New Course to a Blue Ocean

If you were to ask the younger employees in your company or organisation about the things that would make them feel most wanted, the opportunity to stay and develop together with the company would probably be top of their list. Many of us are convinced that committed employees are key for companies and organisations to succeed in the long term.

A few years ago we wrote about The Blue Ocean Strategy, an international bestseller in about 30 countries that presents 15 years of research on over 150 companies. The authors, W. Cham Kim and Renée ­Mauborgne, urge companies to break free from the cut-throat competition, the red ocean, by producing their own market space, a blue ocean, where ­competition is irrelevant.

In the red waters, the industry boundaries are defined and accepted and the game rules are known by all. Here, companies try to be better than their rivals in order to grab a greater share of the market. The more actors there are, the more limited the opportunities for profit and growth. Cut-throat competition turns the red ocean blood-red. New knowledge is not used. Intellectual capital, which we have talked about in Sweden over the past 20 years, is probably not assigned any value in an annual report and in all likelihood is not even listed as a topic.

A blue ocean is an untapped market where you create a new demand and opportunities for highly profitable growth. Some blue oceans have been built outside existing industry boundaries, but most have been created based on red oceans by extending industry boundaries. In blue oceans, competition has no meaning, as the game rules have yet to be set.

The book shows strategies and methods for finding blue oceans. It explains how to identify and look beyond your business operations at what actually creates new customer value, not just how to increase customer value. The book teaches the methods using concrete, international examples. It describes analysis tools that show how companies can act systematically to produce their own blue oceans.

Like the discussion about Fixed versus Growth Mindset, it is about daring to see development paths as opportunities, rather than obstacles – understanding that new knowledge must be constantly obtained or our company/organisation will ­stagnate, stop developing and sink to the ­bottom of the dead red ocean.