A plan of action designed to achieve an overall aim. Example, "Whats your strategy for setting goals?", is ok to say but some people might not know what you mean. Strategy is almost like the word 'tactic'. Example :
What tactics do you use?
My teams tactics are going around
Method
Method is a way something is done.Example:The recipe that I found in the cookbook had different ways to cook the potatoes, but I chose the bake method in the oven.
With regards to Research Reports, the three terms are often used interchangeably. However, these synonymous words can be interpreted to portray different meanings.
An APPROACH could be seen as your perspective, ideology, belief or theoretical stance on something. It encompasses a set of logical assumptions that could be made for better comprehension of issues. It could also be seen as a term that births your systematic plans and the strategies that you'll use to achieve particular objectives.
A METHOD is a target plan or set of orderly procedures that are based on a credible approach. It reveals what needs to be done in a systematic way and how to focus on achieving those goals.
A TECHNIQUE is a precise strategy, concrete trick or a tested and trusted tip that’s designed to help you reach your goals. It could be in form of an exercise or just any activity that you have to do to complete your mission.
The strategy is a general orientation, a perspective of where to go and what to do; all this is reflected in a document called General Plan or Strategic Plan.
Method is the specific, detailed way of arriving at what is proposed in the strategy
Strategy is associated with planning and the method associated with action. This planning may require meditation, research, intuition, and other associated elements. The methods are the modes used to perform the planning performed. The more tuned the planning and methods, the more efficient the teacher becomes in his daily activities.
Think these 2 words bring subtle different meanings when they are use separately vs when they are use together for comparison purpose.
Strategy is a plan how to achieve a goal which is a higher order statement (if compare with method) e.g. the company's strategy is to produce low cost products to increase its market share.
Method is a way to accomplish a task which is a lower order statement (if compare with strategy) e.g. there are different methods to produce low cost products i.e. getting low quality raw materials, negotiate to procure raw materials at lower cost, improve manufacturing process to avoid rework / wastage etc.
Method(s) can be more detailed & subset components of a strategy.
Using a a strategy means the application of a method ore includes the application of several (well-known) methods. A strategy is the active answer to solve a complex problem, mostly in the field of economical, political or social matters.
I do agree with Professor Haitham Alshibly that strategies refer to the means while methods are used to aid the achievements of objectives. At the same time, there are long-term, medium-term and also short-term strategies.
One “follows” a “method” but “develops” a “strategy”.
There could be a single method to reach a conclusion in some cases but there could be a million ways to develop a strategy in order to create a new solution.
In today's world, it would be clever to not follow a method but create a strategy of your own if one wishes to survive this ever evolving world.
The method is a systematized set of steps, actions that are aimed at solving a particular task or achieving a certain goal.
The strategy is not a detailed plan for any activity covering a long period of time, a way to achieve a complex goal that is uncertain and central to the manager at the moment, further adjusted for the changed conditions of the existence of a strategic manager.
I noted that some answers mixed methods with policies. Policies are the means by which annual objectives will be achieved. Policies include guidelines, rules, and procedures established to support efforts to achieve stated objectives. Policies are guides to decision making and address repetitive or recurring situations.
Policies can be established at the corporate level and apply to an entire organization at the divisional level and apply to a single division, or at the functional level and apply to particular operational activities or departments. Policies outline an organization’s expectations of its employees and managers.
Naturally, a method represents an implementational map of action which is usually based on an approach- an abstract theoretical assumption about a certain phenomenon. A method typically involves a series of prespecified actions that can be followed in a given situation. By contrast, a strategy is a higher order mental construct which provides us with the best cost/effective option for solving a problem. Whereas methods are mostly stable, strategies have a flexible nature and can be modified in terms of the environmental conditions. In a nutshell,, strategy is how you plan to do something, and methods are how you actually do it.
Strategy is a high level plan to achieve one or more goals under conditions of uncertainty. In the sense of the "art of the general", which included several subsets of skills including "tactics", siegecraft, logistics etc., the term came into use in the 6th century C.E. in East Roman terminology, and was translated into Western vernacular languages only in the 18th century. From then until the 20th century, the word "strategy" came to denote "a comprehensive way to try to pursue political ends, including the threat or actual use of force, in a dialectic of wills" in a military conflict, in which both adversaries interact.
Strategy is important because the resources available to achieve these goals are usually limited. Strategy generally involves setting goals, determining actions to achieve the goals, and mobilizing resources to execute the actions. A strategy describes how the ends (goals) will be achieved by the means (resources). Strategy can be intended or can emerge as a pattern of activity as the organization adapts to its environment or competes. It involves activities such as strategic planning and strategic thinking.
Henry Mintzberg from McGill University defined strategy as a pattern in a stream of decisions to contrast with a view of strategy as planning,[4][4] while Henrik von Scheel defines the essence of strategy as the activities to deliver a unique mix of value – choosing to perform activities differently or to perform different activities than rivals. [5] while Max McKeown (2011) argues that "strategy is about shaping the future" and is the human attempt to get to "desirable ends with available means". Dr. Vladimir Kvint defines strategy as "a system of finding, formulating, and developing a doctrine that will ensure long-term success if followed faithfully."[6] Complexity theorists define strategy as the unfolding of the internal and external aspects of the organization that results in actions in a socio-economic context.