Homework SourseWhat are the differences between strategic and tactical deci
What are the differences between strategic and tactical decisions, and how are they related to each other?
Solution
Answer:
Differences between strategic and tactical decisions:
Relation between strategic and tactical:
-Tactical decisions are made with current conditions which results in future growth of the company\'s strategic decisions
-Tactical decisions are made for achieving strategic goals in future
-Tactical decisions involves the company as a whole where multiple departments and people may be employed to achieve the strategic goals of the company
-Tactical decision made at the right time with current conditions will lead to achieve the strategic decisions for future
and will help in achieving the future growth of the company
| Strategic | Tactical |
| :Decisions are future oriented and this allows a company to make decisions regarding future conditions in a particular industry. | Decisions are made with current information and deals with present condition of a industry |
| Decision makers visualize the future direction of business and take actions | Decision makers use real time,current competitive condition to take actions |
| Foreseeing end results of planned projects and their impact on company\'s direction helps to plan important aspects in company | They address the action steps that must be taken to achieve company,s objectives rather than planning for future |
| They donot focus more on available resources like quality,time and money | They focus more on available resources like quality,time and money |
