What is the difference between a strategy and a tactic?

Business strategies are often long-term; they define goals across many years and how to work towards achieving them; specifically, strategies are often developed to work towards the business's mission.Tactics, on the other hand, are short-term and more concrete; they are more likely to involve specific plans, timeframes and resources, and are commonly used to achieve short-term goals, e.g. within the next year.

LW
Answered by Liora W. Business Studies tutor

1653 Views

See similar Business Studies A Level tutors

Related Business Studies A Level answers

All answers ▸

What is Opportunity Cost?


What is meant by the term 'marketing'?


What is Factoring?


What are Porter's Five Forces and how are they used?


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences