Strategy vs Tactics
Strategies can be compared to tactics. The difference between the two is defined by their time horizon. Tactics take advantage of situations as they arise. Strategies are future plans that may look months or years ahead. As the future is always uncertain, a strategy always involves risks. In many industries, it is common for strategies to change on a regular basis as the competitive environment shifts.| Overview: Strategy | ||
Type | ||
Definition (1) | A plan for the future that is designed to be realistic given constraints, competition and obstacles. | |
Definition (2) | A pattern of action that has worked in the past. | |
Related Concepts | ||
