Difference Between Strategy Approaches and Strategy Concepts
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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Shobana Sharma (Shobana Maran), United Arab Emirates
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Strategic Approach versus Strategic Concept
In my view, a strategic approach is the way to explain the problem whereas a strategic concept is th... Sign up
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