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Difference Between Strategy Approaches and Strategy Concepts
Hadit, Student (University), Member
Hi, can someone please explain the difference between a strategy approach and a strategy concept? I'm not sure if I get it right, but to my mind an approach (like Resource-based View) describes a way to interpret the reality.
Whereas a strategy concept (like Core Competences by Prahalad and Hamel) is based on an approach (RBV) and describes actions in terms of strategies.
Please advise me....
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Strategy Approach versus Strategy Concept
Elena Zhila, Project Manager, Germany, Member Strategy approach is the way to interpret the problem while a concept is the way to solve the problem.
For example, profits are going down. One a... |
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Strategy Approach versus Strategy Concept
Hakim Moi, Strategy Consultant, United Kingdom, Member Strategy concept is a vision of the future where you or a firm wants to be and therefore needs to do something about getting to there from the current... |
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Approach versus Concept
Jaap de Jonge, CEO, Netherlands, Editor @ Hakim Moi: I agree that:
- A concept is more or less the same as a model. It is a theoretical construct that ... |
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Strategic Concept versus Strategic Approach
bernatdo reyes, Strategy Consultant, Mexico, Member - A concept, it is a nonnumerical representation of reality, with the traditional isolated variables that "represent" the phenomenon, a concept it is ... |
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Strategic Approach versus Strategic Concept
Shobana Sharma (Shobana Maran), Student (MBA), United Arab Emirates, Member In my view, a strategic approach is the way to explain the problem whereas a strategic concept is the way to solve the problem.... |
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