Totally different though, WCW had been a solid number 2 promotion for many years, and Ted Turner bankrolled the company pretty much for anything they wanted.
Which allowed Bishoff to bring in numerous WWE guys who still had drawing power, and create an undercard full of young talented guys.
But most importantly he created the NWO and turned Hogan heel which i believe is soley responsible for allowing them to actually take on WWE and beat them for 2 years. Without that they might of put up a decent challenge and done well, but not to the extent they did.
And remember Bischoff is also the guy who managed to turn a huge wrestling company, for 2 years the most succesful in the world in a a laughing stock out of business in a matter of years.