|
Hadit Student (University)
|
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.
X
Welcome to the Strategy and Innovation forum. The topic being discussed here is: "Difference Between Strategy Approaches and Strategy Concepts".
Please sign up now to read all responses and to join this discussion yourself.
Log in
|
|
Elena Zhila Project Manager, Germany
|
|
Strategy Approach versus Strategy Concept
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 approach would be to interpret this as a profit problem and then apply concept revenue-cost, analyze revenue, analyze cost.
Another approach would be to interpret this as organizational problem and use organizational concepts; for example: are people motivated, do the incentive schemes function properly, and so on.
Hope that helps.
|
|
|
Hakim Moi Strategy Consultant, United Kingdom
|
|
Strategy Approach versus Strategy Concept
Strategy concept is a vision of the future where y...
|
|
|
Jaap de Jonge Editor, Netherlands
|
|
Approach versus Concept
@Hakim Moi: I agree that:
- A concept is more or ...
|
|
|
bernatdo reyes Strategy Consultant, Mexico
|
|
Strategic Concept versus Strategic Approach
- A concept, it is a nonnumerical representation o...
|
|
|
Shobana Sharma (Shobana Maran), United Arab Emirates
|
|
Strategic Approach versus Strategic Concept
In my view, a strategic approach is the way to exp...
|
|
|
Mehul Doshi CxO / Board, India
|
|
Strategy Approach Using Resource Based View
It is important that your company's strategy appro...
|
|
|
John Henry Project Manager, United States
|
|
Strategy is a Noun
It should not be used to describe other nouns.
Ap...
|
|
|
Jaap de Jonge Editor, Netherlands
|
|
The Word Strategy can also Used in a Compound Noun
@John Henry: Your first sentence is IMO not correc...
|
|
|
Warren Miller, CPA, CFA Strategy Consultant, United States
|
|
Abuse of the Word 'Strategic'
Jaap, I think your comment about many people using...
|
|
|
|
|