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Difference Between Tactics and Strategy: Comparison Chart Key Differences Conclusion
Difference Between Tactics and Strategy: Comparison Chart Key Differences Conclusion
These terms are used very often, when we talk about competition
among firms at the market. While tactics refers to the moves which
businesses adopt, to achieve a specific result. On the other hand,
strategy implies a blueprint, that leads the organization to its vision. The
scope of the strategy is bigger than tactics, in a sense that there can be
some tactics in a single strategy. Moreover, the two should go in tandem
or else, the business may have to face failure.
So if you are also looking for the difference between tactics and strategy,
this article will help you in understanding the terms.
1. Comparison Chart
2. Definition
3. Key Differences
4. Conclusion
Comparison Chart
BASIS FOR
TACTICS STRATEGY
COMPARISON
So if you are also looking for the difference between tactics and strategy,
this article will help you in understanding the terms.
1. Comparison Chart
2. Definition
3. Key Differences
4. Conclusion
Comparison Chart
BASIS FOR
TACTICS STRATEGY
COMPARISON
Meaning A carefully planned action made to A long range blue print of an organization's
achieve a specific objective is expected image and destination is known as
Tactics. Strategy.
Concept Determining how the strategy be An organized set of activities that can lead
executed. the company to differentiation.
Definition of Tactics
The word tactic is an ancient Greek origin of term ‘taktike’ which means
‘art of arrangement.’ To put simply, tactics refers to the skill of dealing
or handling difficult situations, to achieve a specific goal. It is defined
as a process that integrates all the resources of the firm like men,
material, method, machinery, and money, to cope up with the changing
situation immediately. It can be a caution that prevents the organization
from uncertainties.
Definition of Strategy
Why is it to be formulated?
How can it be executed?
When is it to be executed?
What will be the order of actions?
What will be the result?
What will be the reaction of rivals?
The following are the major differences between tactics and strategy:
Conclusion
The strategy is about choosing the best plan for accomplishing long-term
goals of the organization. Tactics instant reaction of the organization, in
response to the changing business environment. For a business entity,
both the tactics and strategy are important. It should be kept in mind
while making strategies or tactics that the tactics match with the
strategy. Similarly, the strategy should consider the tactics. If these two
work in tandem, then the outcome will always be positive, and the risk of
failure will be reduced to a large extent.