0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What are the differences between strategic and tactical planning?
The Difference Between Strategic and Tactical PlanningThe 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.Tactics and Strategy - The CorrelationTactics are the substance of strategy. They comprise what is done pursuant to strategic planning. The strategic phase of business planning has thinkers (you- the small business owner) determining ways to achieve stated goals. Simply stated, they plan how people need to act in order to attain the objectives for which the strategy is to be used.Tactics, on the other hand, are the very actions that are necessary to carry out the strategy. Strategies can be a combination of a number of tactics with the involvement of several different people, all working toward reaching a common goal.Strategic planning involves only the top brass of an enterprise whereas the tactical planning part envisages the involvement of the organization as a whole.Strategic PlanningTo understand the differences better, here are some notable points with respect to strategic and tactical planning. In strategic planning, you need to determine specifically what outcome you want to achieve and establish a realistic baseline or starting point giving due consideration to internal and external realities by conducting relevant research (competitive, market, attitudinal).You need to draw up an aggressive plan to support research findings listing defined strategic objectives. The plan should reflect perceived challenges and the expected end results.To elicit support for the strategy, undertake a consensus-building exercise involving the right people. Make sure that tactics are likely to lead to the strategic benefits you desire to achieve. In tactical planning, you need to understand strategic goals and decipher the goals and implement courses of action for attainment of strategic objectives.As a small business owner, you need to make plans that include specific activities that are arranged on specified time frames and outcomes. Ensure due performance of all tactical planning activities and calculate their effects; then help connect the tactical moves to the strategic plan.To sum up, strategic planning relates to issues pertinent to the mission of your small business--the purpose of its existence. The responsibility for strategic planning rests with you (and your partners and investors, if any).Tactical planning is developed by a small business owner or management team who deals with getting the work done to carry out the strategic plan. They draw up a tactical plan that will deal with the "how" part of the plan. The main question for them is: "How can goals be accomplished within the designated limits of resources and authority?"The terms tactical and strategic are fundamental to an understanding of the different responsibilities attached to management and governance of any small business.
What are the management ethics?
It is unethical from the perspective of Islamic management if one fails to do the following management activities as defined below:"I would like to redefine management from the Islamic perspective as Integrated activities of thinking, planning, organizing, leading, and controlling, interconnected with decisions, involving the use of resources - human, financial, information and physical, with objectives of attaining goals of Maqasid al-Sharia, by means of effective and efficient methods" Shayaa Othman (2010).Profit is just like oxygen in our body, but it is not the point of life, but without oxygen there is no lifeSHAYA'A OTHMAN
Explain the objectives of packaging from the logistics managers point of view?
The objectives of packaging from the logistics managers point of view is to protect the interest and liabilities of the enterprise or parties involved in the trade. By packaging correctly, managers prevent loses and damages which could increase cost of products as well as inconveniences handling claims.
Which are criticisms of planning?
***Planning may create rigidity ***Planning cannot be developed in a dynamic environment ***A formal plan cannot replace intuition and creativity ***Planning focuses managers attention on today's competition not tomorrows survivors ***Formal planning re in forces success which may lead to failure. The following are the point of criticism of a planning. You can define it properly .
What is management and its function within the management process?
Some would define management as an art, while others would define it as a science. Whether management is an art or a science isn't what is most important. Management is a process that is used to accomplish organizational goals; that is, a process that is used to achieve what an organization wants to achieve. An organization could be a business, a school, a city, a group of volunteers, or any governmental entity. Managers are the people to whom this management task is assigned, and it is generally thought that they achieve the desired goals through the key functions of (1) planning, (2) organizing, (3) directing, and (4) controlling. Some would include leading as a managing function, but for the purposes of this discussion, leading is included as a part of directing. Planning: The planning function involves the process of defining goals, establishing strategy for achieving those goals, and developing plans to integrate and coordinate activities. Organizing: It includes the process of determining what tasks are to be done, who is to do them, how the tasks are to be grouped, who reports to whom at what level decisions are made. Commanding: It is the influencing of people so that they will contribute to organization and group goals. Leading involves motivating, communicating employees to accomplish goals and objectives of an organization Controlling: It is the measuring and correcting of activities of subordinates to ensure that events conform to plans. It measure performance against goals and plans, shows negative deviations exit and by putting in motion actions to correct deviation, helps ensure accomplishment of plans. Process Management is the application of knowledge, skills, tools, techniques and systems to define, visualize, measure, control, report and improve processes with the goal to meet customer requirements profitably. Some people said that it is different from program management in that program management is concerned with managing a group of inter-dependent projects. But from another view point, process management includes program management. ISO 9001 promotes the process approach to managing an organization. ...promotes the adoption of a process approach when developing, implementing and improving the effectiveness of a quality management system, to enhance customer satisfaction by meeting customer requirements.
Whats the point of soccer?
the point of soccer is to get more goals then your opposing team.
What obstacles exist in graduating college?
Typically, the most common problems are a low grade point average, or finances. There are times when students have failed to identify clear career goals and objectives, and lose the passion to continue.
Whats the point of resisting arrest?
There is no point in it, no rational or logical one anyway.
What does one point pespective mean?
whats does one point perspective mean
Didn't anyone notice that Sharpay's mustang has Honda rims Totally different companies?
yeah whats your point :D yeah whats your point :D
Whats the lowest point in Hawaii?
Sea level.
What is a point called in basketball?
In basketball you score points, not goals.
What do you going to point out in the objectives?
What are all the areas or problems we are going to find out
Does your major matter?
The reason for declaring a major is because it leads to your overall career goals and objectives. If you do not have one at this point, contact the career counselor at the institution you enroll in. You need to acquire a vision, which is a clearly articulated picture of the future you intend to create for yourself.
What is backward and reverse planning?
Backward planning involves setting a specific goal and then working backwards to determine the steps needed to reach that goal. Reverse planning, on the other hand, involves identifying the current state or starting point and then working towards a desired outcome. Both approaches are effective in ensuring a clear path to achieving objectives.
Whats the high point of the year for mountain men?
Rendezvous
Whats the point in pubic hair?
iv got no idea
