ECONOMICS

Detailed explanation-1: -These types of decisions generally occur at the highest levels of organizational management. Tactical Decisions-Tactical decisions concern the tactics used to accomplish the organizational objectives. Tactical decisions are primarily made by middle and front-line managers.

Detailed explanation-2: -Officers and executives make tactical decisions for a company. Officers and executives include the CEO, COO, CFO and other top-level management in a company.

Detailed explanation-3: -They have the most authority and decision-making power at the company, and are concerned with the business’ strategic objectives rather than its day-to-day operations. Middle managers are entrusted with executing these strategic objectives/directives on a day-to-day basis.

Detailed explanation-4: -Tactical Decisions means decisions that determine the objectives to satisfy the goals set by strategic decision makers, usually made by designees of the strategic decision makers, including command or general staff within the incident command system.

Detailed explanation-5: -On the other hand, strategic decisions are the important decisions of the firm. These are usually taken by upper and middle-level management. They usually relate to the policies of the firm or the strategic plan for the future. Hence such decisions require analysis and careful study.