ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Tactical decisions in the supply chain, which are medium-term decisions that typically span from a few months to one year, identify medium-term policies associated with different processes of the supply chain, according to the network structure established in the strategic-level decision-making.

Detailed explanation-2: -Tactical decisions are decisions and plans that concern the more detailed implementation of the directors’ general strategy, usually with a medium-term impact on a company. Tactical points requiring decisions include, but are not limited to: Size and structure of a work force. Sales and marketing strategy.

Detailed explanation-3: -Tactical plans are the short-term actions the firm takes to affect the controllable elements of the strategy. Thus, tactical decisions relate to how a strategy is implemented and ultimately achieved. Tactics are the initiatives and activities that, when combined and successful, deliver the strategic objective.

Detailed explanation-4: -Tactical planning and control is an extension of management at the supervisory level. Its interval is less than 1 year but not as often as every day.

Detailed explanation-5: -Examples of tactical decisions include product price changes, work schedules, departmental reorganization, and similar activities. The impact of these types of decisions is medium regarding risk to the organization and impact on profitability.