Innovation at Cirque Du Soleil |
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Introduction Contd...Cirque was cited as one of the companies to have implemented 'Blue Ocean Strategy' by creating demand, by developing a new market space, where competition was non-existent (Refer Exhibit I for information on Blue Ocean Strategy). Instead of being considered as just another circus company in a declining industry, it redefined its market by fusing art and entertainment (Refer Exhibit II for the history of Circus).
Commenting on the success that Cirque has achieved, Linda Tischler, Senior Writer and Former Managing Editor (of the 'New Media' section), Fast Company, wrote, "At a time when audiences for all performing arts are declining, Cirque du Soleil has taken a particularly moribund segment of the market – the circus – and created an entertainment juggernaut, with a burgeoning record label, a retail operation and a deal with Carnival Cruise Lines."6
6] Linda Tischler, "Join the Circus," Fast Company, July 2005. |
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