Mauricio Pochettino insists Tottenham are not concerned by their top six rivals' summer spending in the transfer market.
Spurs have yet to make a signing in this transfer window, though they have sold Kyle Walker to Manchester City in a £50m deal and let Federico Fazio and Clinton N'Jie leave for Roma and Marseille respectively.
Chelsea have brought in Antonio Rudiger (£34m) and Tiemoue Bakayoko (£40m), and are close to completing a deal for Real Madrid striker Alvaro Morata which will cost an initial £58m.
Manchester United splashed out £75m to sign Romelu Lukaku from Everton and north London rivals Arsenal broke their own club record to land French striker Alexandre Lacazette for £52.7m, while Liverpool spent £34.3m on Mohamed Salah.
Pochettino, however, is not daunted by his rivals' big-name additions and insists Spurs are content to operate with a different philosophy that puts an increased focus on developing the club's academy players.
In an interview with ESPN FC, he said: "The last two seasons, we improved a lot. It is very clear, our philosophy is about trying to play exciting football with young players and trying to be different to the top sides. I think next season is a big, big challenge for us.
"For one, it's because we moved to Wembley, a different environment for us, a different pitch and stadium, all will be different for us. It is true that we must change because we were very comfortable playing at White Hart Lane (which is being redeveloped).
"And then, I think because the big sides are investing a lot of money in trying to improve their squads, but for us we are so calm and so quiet because we have belief in our youth from our academy.
"We may lack a few players, but we are so calm because I think we have a very good team and the most important thing for us always is the team."
Spurs are currently in the United States to take part in the International Champions Cup series. Their first match comes against Paris Saint-Germain on Sunday before games against Roma and Manchester City.
Pochettino's side then host Champions League finalists Juventus in a friendly at Wembley on August 5 before getting their Premier League campaign against newly-promoted Newcastle on August 13.
The Argentinian accepts playing at Wembley next season will be a challenge for his squad but he is excited about moving into the club's newly-built, 61,000-capacity stadium for the beginning of the 2018/19 season.
He believes that, coupled with Spurs' new state-of-the-art training base in Enfield which is now also used by the England squad, gives the club the type of state-of-the-art facilities needed to sustain long-term success.
"Always the philosophy is coming from the board and in the case of (chairman) Daniel Levy, I think we have a very good relationship, we have a clear idea of what we need to do in the future," the Argentinian coach said.
"I think our facilities are amazing, the training ground and the new stadium will be one of the best in Europe. It is an exciting moment for Tottenham.
"But it is true we have a different philosophy, it is not because we cannot invest, but Tottenham have built a different philosophy than the other big clubs.
"I think in football, money can help you build a better squad or bring in talented players, but it is not only about money - you need to be creative, you need to be clever.
"It will be tough next season for us, but we believe in the way that we play and we work." - SKY
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