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What is the difference between strategy and tactic in management?
Wiki User
∙ 15y ago
STRATEGY focuses on the resources and energies and not the competitor in the business. TACTIC is coupled with a minimum logic, morality and ethics which make use of legal loopholes coming from the business and product selection.
Wiki User
∙ 15y 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.
In finance what is a spread trader?
A spread trader is one who purchases a security and at the same time, purchasing a related security as a unit. The use of spread trading is a common tactic used in hopes of profit.
If you are 1 month behind on a car payment after being in the hospital and out of work from an injury can the finance company file a warrant?
YES, they can LEGALLY. This is more often used by collectors as a scare tactic than actually done.
What is relationship marketing strategies?
Relationship Marketing Strategies includes marketing strategies that use the process of building a personal relationship with a prospect to make a sale. More commonly called relationship sales, it is a solid way of starting a sale, but almost never works as a repeatable process for sales overall. The reason is simple. Everyone is different. The marketing strategies that you would use to build a relationship with me, might not work with another person and likely wouldn't work with many of your prospects. Building a one off marketing strategy to monopolize your marketplace is a great idea but in function nearly impossible. Instead you should work to systematize your marketing and advertising using a monopolize your marketplace tactic. To learn how this works simply contact me at www.marketingst.com .
Can you prevent a credit card company from coming to your job and demanding payment?
I have never heard of this kind of tactic being used by a credit card company. If true, this shows a real lack of social responsibility on the part of this company and I feel this is harassment. They typically process the complaint through a lawyer.
What is the Difference between goals objectives strategy tactic?
Goals are general directions, that are not specific enough to be measured. On the other hand, objectives are specific, measurable and set within a timeframe.
What is a synonym for strategy?
Tactic
What is the synonym for tactic?
A Strategy is similar a tactic, and should suffice as a synonym.
What is A common tactic in a financial-incentive political strategy is?
Political Contributions
What strategy did Genral Washington use at the Battle of Yorktown?
Tactic of ambush
What is the the difference between a principle and a tactic?
A principle is a fundamental rule or belief that guides behavior, while a tactic is a specific action or strategy used to achieve a goal within the framework of a principle. Principles are overarching concepts that inform decision-making, while tactics are practical methods employed to implement those principles in a specific situation.
Purpose of Goal strategy tactic template?
Download this Goal Strategy Tactic Template to create an engaging strategy and tactics presentation. It is perfect for describing an organization's goals and strategies. This template is completely customizable, and you can change the layout to match your own presentation needs. It can also be used for any kind of business presentation to demonstrate your goals. Hurry to grab!
Which tactic might be used by union workers against management?
A strike or work stoppage.
Why can rhetoric be such an effective war strategy?
Technically, Rhetoric is a tactic, not a strategy. Anyways, the dictionary defines rhetoric as "the art of effective or persuasive speaking or writing, esp. the use of figures of speech and other compositional techniques." Rhetoric is an effective tactic because it motivates people to fight in wars or allows for popular support to swing your way (common themes of rhetoric are patriotism, and doing your duty, or being a 'man' or making a difference, or pursuing evil enemies that want to eat your children). A lot of wars have been waged because the parties that wanted the wars have been effective at employing rhetoric. Rhetoric itself is a tactic (not a strategy) however there are strategies formed around using rhetoric, and rhetoric as a tactic has been an important part of strategies used to eventually win wars.
Tactic in gallipoli campaign?
The tactic or strategy behind the Gallipoli campaign is in two parts. One, the British wanted to capture the Ottoman Empire's capital, and two, they wanted to secure their trading route with Russia.
What were the statagies the US used in the Vietnam war?
Strategy: Attrition Tactic: Search & Destroy Accounting process: Body Count
What is a conditional mating strategy?
the tactic an individual adopts is determined by some aspect of state (e.g., age, size, condition)
