I am a tragic when it comes to business strategy. On Wednesday night we went to the NoFit State Circus – a touring contemporary circus as part of the Perth International Arts Festival.
I am sure I was the only one in the tent thinking about their blue ocean strategy (much to the annoyance of my family). I observed the show and thought about how they addressed this key question ‘how do you simultaneously increase value and reduce costs?’
Increased customer value
- Band playing live music
- The audience on the stage moving around with the performers, even standing directly underneath the trapeze artists – great for people like me who can’t sit still!
- A story line
Reduced cost
- Effectively there were only 4 props – 4 white towers that move around with the performance
- No chairs – you need to stand!
- The performers also operate the pulleys, move the audience around and the serve during the intermission
- There is only one stage for the performance
Very clever and well thought out. By the way, I really enjoyed the show!
