Difference Between Strategy Approaches and Strategy Concepts

			
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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.
			            
			                  			Strategy Approach versus Strategy Concept

															Elena Zhila, Project Manager, Germany, Member
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			                  			Strategy Approach versus Strategy Concept

															Hakim Moi, Strategy Consultant, United Kingdom, Member
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			                  			Approach versus Concept

															Jaap de Jonge, Management Consultant, Netherlands
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			                  			Strategic Concept versus Strategic Approach

															bernatdo reyes, Strategy Consultant, Mexico, Member
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			                  			Strategic Approach versus Strategic Concept

															Shobana Sharma (Shobana Maran), Student (MBA), United Arab Emirates, Member
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