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Point out any two differences between strategic planning and tactical planning.

Point out any two differences between strategic planning and tactical planning.

Solution

Strategic and tactical plans differ in the following ways:

  1. Prepared by and scope: a strategic plan is a broad master plan for the whole organization prepared by top-level management, while a tactical plan specifies how overall goals are achieved and is prepared by middle-level management.
  2. Time horizon: a strategic plan is long-term (often five years or more), whereas a tactical plan is medium-term (usually one to three years).

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