MANAGEMENT

Detailed explanation-1: -Strategy is overarching plan or set of goals. Changing strategies is like trying to turn around an aircraft carrier-it can be done but not quickly. Tactics are the specific actions or steps you undertake to accomplish your strategy.

Detailed explanation-2: -Definition of tactics While strategy is the action plan that takes you where you want to go, the tactics are the individual steps and actions that will get you there. In a business context, this means the specific actions teams take to implement the initiatives outlined in the strategy.

Detailed explanation-3: -Most businesses deal with five types of strategy and the tactics used to achieve strategic goals: product, pricing, marketing, operational and financial strategies.