Question: QUESTION ( i ) How are strategic plans and tactical plans different? ANSWER Strategic plans do not involve conducting a SWOT analysis. Tactical plans involve

QUESTION

(

)

How are strategic plans and tactical plans different?

ANSWER

Strategic plans do not involve conducting a SWOT analysis. Tactical plans involve carrying out a SWOT analysis.

Strategic plans have a short

-

term focus. Tactical plans have a long

-

term horizon in mind.

Strategic plans have a long

-

term focus. Tactical plans are made with a

1 - 3 -

year horizon in mind.

Strategic plans are made with the intention to accomplish tactical goals. Tactical plans are made with the intention of formulating contingency plans.

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QUESTION (i) How are strategic plans and tactical plans different? ANSWER

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