How do plans, strategies and tactics differ in meanings?
Answer in your own words with apt examples.
Strategy involves a way for gaining a competitive
advantage. Plans are the second-level goals. A complex strategy may contain many plans. Tactics are the step-by-step methods you use to accomplish a plan. For example, an eyewear company developed a strategy to design plastic lenses that would be cheaper, almost unbreakable and lightweight then the manufacturer had to identify an appropriate plastic that was hard enough for daily use but soft enough for grinding to the correct magnification ,contract with suppliers; find outlets to sell the product; and advertise its new invention to the public. Each part of the strategy has a separate plan to accomplish its goal identify all businesses that produce plastics, buy samples of each type of plastic, test samples and record pros and cons, and decide whether one plastic is appropriate