Difference Between Strategy Approaches and Strategy Concepts


 
Strategy > Forum Log in

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....Sign up
 

 
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...Sign up
 

 
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...Sign up
 

 
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 ...Sign up
 

 
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 ...Sign up
 

 
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....Sign up
 

 
 



Strategy

Forum
Best Practices



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2018 12manage - The Executive Fast Track. V14.1 - Last updated: 22-10-2018. All names of their owners.