The difference between strategy and tactics is that strategy defines "what" is to be done but tactics defines the "how". Tactical Management focuses on one or a series of tasks and activities involved in executing an overall strategy. Strategic Management is focused on establishing the end goal in mind.
Strategic planning is about setting long-term goals and determining how to achieve them. Tactical planning is about breaking down those long-term goals into smaller, more manageable tasks that can be completed in the short term.
The difference between strategy and tactics is that strategy defines "what" is to be done but tactics defines the "how". Tactical management is the use of tactics to implement strategy. This is different from traditional management in that in traditional management there is usually one procedure (standard operating procedure) for getting any action done whereas tactical management allows the manager to select appropriate tactics for best achieving the objective.
Strategy is the long view of things like winning a war. Tactics is solving day to day problems, like winning a battle.
Traditional management follows the style that has always been in place. Strategic management is tailored to suit the modern day's problems.
Leadership is setting where we are going, while strategic management is smartly overseeing the critical issues of how we get there.
"Strategic asset management" could refer to "strategic asset allocation", i.e. long-term asset allocation - whereas "tactical asset allocation" refers to short-term investments.
i don't know rubbish... =)
What is the similarity between financial managment and strategic financial managment
Strategic planning is about setting long-term goals and determining how to achieve them. Tactical planning is about breaking down those long-term goals into smaller, more manageable tasks that can be completed in the short term.
the link between strategic management and leadership
The difference between strategy and tactics is that strategy defines "what" is to be done but tactics defines the "how". Tactical management is the use of tactics to implement strategy. This is different from traditional management in that in traditional management there is usually one procedure (standard operating procedure) for getting any action done whereas tactical management allows the manager to select appropriate tactics for best achieving the objective.
Strategy is the long view of things like winning a war. Tactics is solving day to day problems, like winning a battle.
Strategic management uses strategy, including strategic thinking to make all decisions, often through the lens of a strategic plan. Strategic management accounting is strict focused on fiscally related decisions, also as aligned with the organization's strategic direction.
You're talking tactical and strategic weapons. Tactical would be used in the battlefield in the form of smaller rockets or freefall bombs under military situations. Strategic weapons would usually be a higher yield and are made to threaten a country's population, infrastructure and military; or to cripple the country's ability to wage war. ICBMs are tactical nuclear weapons. The B61 bomb is a tactical weapon though it does serve a dual role as a strategic weapon.
Traditional management follows the style that has always been in place. Strategic management is tailored to suit the modern day's problems.
Leadership is setting where we are going, while strategic management is smartly overseeing the critical issues of how we get there.
The differences between traditional risk management and enterprise risk management are their strategic applications and performance metrics. Enterprise risk management involves the whole organization while traditional risk management is usually more departmentalized.