Tuesday, April 7, 2009

The Difference Between Strategic and Tactical Planning

The reason for this confusion stems from the fact that both words are closely connected. In business parlance, the words strategy and tactics refer to various business practices.

In business usage, the term strategy is the thinking process required to plan a change or to organize something. It defines the goals desired and how to achieve them.

It can be a compendium of complex multi-layered plans devised for achieving preset objectives and may include tactical planning considerations.

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