Types of information:

STRATEGIC: Needed for long range. Directions. This is less structured.

Example:

External input: Environment what competitions are doing. Change in government Policies etc.

Internal input: Company vision and mission top management input audits and feedback
learning from the fast future, Challenges etc. Collecting all this input helps a plans its strategy.

TACTICAL: Needed to take short range derations to improve Profitability and Performance. A
Tactile is a Conceptual action or short series of action with the aim of achieving a short-term goal.
This action can be implemented as one or more specific tasks the term is commonly used in
business protest and military contexts as well as in Chess Sports or other competitive activities.

OPERATIONAL: Needed for day to day operations of the organizations. Example - Daily
sales billing. Business level information and is used to ensure Proper Conduction of specific
operational tasks) as flamed/intended. These systems are in manner that processing of day to day
transactions that process is performance efficiently designed and the integrity of the transactional
data is preserved.

STATUTORY: Needed by law to send to government authority Example- sales tax return.
Example of statutory lows include traffic laws like driving on a suspended license, drag laws like
those regarding drug possession etc.
 Deference between strategic and tactical

Strategic Tactical

1. Strategy refers to the and 1. And tactical refers to how it Plans

tactical refers to how what to implement it.
and why a Company at Plans
to implement flans to do in
the future
2. Strategy formulation 2. Tactic is actually the actions to
involves consideration of all implements the strategy.
tape of external and Internal
input.
3. Strategy information is 3. tactical information is required to
needed for long term achieve short term goal to achieve
Planning and directions. performance and profitability

4. Strategy information 4. While tactical information

involves a period gene- Involves a period of up to a year
Involves a period of op rally
up to five years to a year