In my opinion, blue chips companies are difference from growth companies.
1) Blue chip company
a) Growth is limited
b) Capital appreciation is not much unless u buy during downturn periods
c) Profit is steady and stable which mean that they are not affected very much by recession.
d) You main source of  income is from dividend. They will distribute stable dividend around 3% -8% pa.
e) Capital depreciation in share price is not much during recession unless under special circumtances. e.g. an exceptional loss in disposal/investment in subsidaries/biz.
f) Established companies in the market

2) Growth companies
a) Room for expansion.
b) Have capital appreciation of share price due to growth prospect.
c) Profit is not steady, some years can perform very well, but may hit during recession periods.
d). Your main source of income come from both capital appreciation of share price as well as dividend.
e). Higher risk in investment but compensate with higher rewards