Business Strategy versus Tactics


Cover for the Business Strategy Wikibook.

Image via Wikipedia

When it comes to running your own business, everyone seems to have a plan to make you successful. You can read and study and even mimic the greats but that doesn’t necessarily mean you will succeed. To really rock the business world, you need both strategy and tactics that work and you need them to work effectively together.

This is where many people in business fail because they miss one or both parts of this equation. A better understanding of strategy and tactics as well as how they work together will help you prepare properly for your business.

Your strategy is the plan of action you want to take to achieve success in your business. Your business tactics are the specific steps you take to achieve those goals. It is important that you know and understand the difference between the two and how they are applied to business. When it comes to your business, before you start any marketing or advertising campaign, you need to have a strategy and you need to implement that strategy into your techniques.

What is Strategy?
Your Policy
Your strategy is the act of creating decisions that will benefit the future outcome of your business. Strategy is the set of directions you make or your situation and position within the business community. Strategy often also refers to your timing in the marketplace and strategically choosing the most beneficial time to launch your business or your campaign.

1. Strategy is your overall goal in your business.
2. Strategy is your standing within the marketplace.
3. Strategy is your position in your niche.

What are Tactics?

Tactics should work with your strategy and they are the set of requirements need for your plan to take place. Your tactic is your device used for meeting your goals set by your strategy. Strategy and tactics should always be relative to one another because the tactics are the set of actions needed to fulfill your strategy.

1. Tactics are the tools you use to achieve your goals.
2. Tactics include things like advertising and marketing.
3. Tactics are the steps taken to achieve your goals.

Strategy vs. Tactics

To be successful in your business, you need to have a plan and a strategy. This strategy will include your goals and objectives for your business. They may be short-term and long-term. You will need to have a goal for where you want to be with your business in the future. Your tactics are what you will use to ensure that plan happens as it should.

If your plan is to have x amount of sales by x date, then you need to have tactics that will help you carry out that goal. You don’t want to just run wildly into your business hoping that luck will be in your favor and you will succeed. You need to have a direct set of directions and plans for meeting each goal.

Your strategy will include many goals and you will want to have a tactical plan for meeting each and every one of them. These tactics will be step-by-step directions on how to meet each business goal. With proper planning and strategy and tactics that work together, you can be a business success story…

Article Source:
http://www.bestmanagementarticles.com
http://strategic-management.bestmanagementarticles.com

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About Georges Abi-Aad

CEO, electronic engineer with MBA in marketing. Multicultural; French citizen born in Lebanon working in the Middle East and fluent in French, English and Arabic. I have more than 30 years of proven experience in the Middle East with European know how. I am good in reorganization and in Global strategic management business. I am a dependable leader with an open approach in working with people, forging a strong team of professionals dedicated to the Company and its clientele. Perseverance is my key word. Married to Carole and having 2 children: Joy-Joelle and Antoine (Joyante!).
This entry was posted in Business Analysis, Global Business, Global Management, strategic management, Tutoring and tagged , , , , , , , . Bookmark the permalink.

7 Responses to Business Strategy versus Tactics

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