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examples of tactical decision-making

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Gideon Nartey

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1y ago

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What is Strategic vs Tactical Decision?

Here is an example of a strategic business decision and a tactical one. We'll make up a company name to facilitate the answer. Kooler Kola only makes one soft drink product called Kola Plus. It is determined by the Kooler Kola Co. that there is not enough cash flow & profit in this product and it needs to do something about it. Kooler makes a strategic decision to broaden its market by adding a new soft drink to its product line. Thus Kooler is making a change in its market strategy by adding a new product. The tactical decision made to implement the strategy change is to create a cherry flavored drink to its product line as there seems to be little competition in the cherry cola markets. So strategy is the overall objective and this is accomplished by the tactic of introducing cherry kola.


What is sound fincanical decision?

A sound financial decision is a decision in which benefits the person directly responsible for the decision and sometimes those indirectly involved. An example of a sound financial decision might be investing in a stock that does well.


Using a hunch to help make a decision is an example of?

Intuition?


What is meant by decision-making?

What is meant by decision making is someone making a choice. Options are given that pertain to a certain situation and a decision or choice is made. An example would be the decision to make chicken or meatloaf for dinner.


Is passing a bylaw an example of decision making by consensus or compromise?

compromise

Related Questions

What are tactical decisions?

Tactical decisions support the strategic decision of the organisation. They tend to be of medium significance with moderate consequences.


Which type of decision making depend on real time a. strategic b. tactical c. operational d. nonprogrammable?

tactical


Was it a wise tactical decision for the Japanese commanders to call off the third wave?

Yes


What are the levels of MIS?

The levels of Management Information Systems (MIS) are operational, tactical, and strategic. Operational MIS supports daily decision-making at the operational level, tactical MIS aids middle management in short-term planning and decision-making, and strategic MIS assists top management with long-term strategic planning and decision-making.


How would you describe a tactical decision?

Tactical decisions involve creating short-term strategies designed to bring a positive result or an immediate solution to a particular problem. They are seen in politics as well as in business.


Tactic in a sentence?

Example sentence is: I use my tactical skills when I play tennis.


An example of an information to support tactical management is?

spreadsheet model of income projection


What is the purpose of a tactical decision?

The purpose of decisions made at this level is to help move the company closer to reaching the strategic goal.


What is Strategic vs Tactical Decision?

Here is an example of a strategic business decision and a tactical one. We'll make up a company name to facilitate the answer. Kooler Kola only makes one soft drink product called Kola Plus. It is determined by the Kooler Kola Co. that there is not enough cash flow & profit in this product and it needs to do something about it. Kooler makes a strategic decision to broaden its market by adding a new soft drink to its product line. Thus Kooler is making a change in its market strategy by adding a new product. The tactical decision made to implement the strategy change is to create a cherry flavored drink to its product line as there seems to be little competition in the cherry cola markets. So strategy is the overall objective and this is accomplished by the tactic of introducing cherry kola.


What is an example of decision making in college?

choosing classes--- Apex


What is the difference between tactical and strategic thinking?

Tactical thinking involves short-term decision-making focused on immediate goals, while strategic thinking involves long-term planning and decision-making aimed at achieving overall objectives. Tactical thinking is more reactive and focused on day-to-day operations, while strategic thinking is proactive and considers the bigger picture. Strategic thinking often involves setting direction and priorities, while tactical thinking involves implementing specific actions to accomplish those goals.


Where can one buy tactical gloves?

There are a number of shops where people can buy tactical gloves in London and around UK. For example, Sainsbury's, Tesco express, Primark, H & M etc.