1.

Differentiate between strategic planning and tactical planning.

Answer»

Difference between strategic planning and tactical planning.

Basis of comparisonStrategic planTactical plan
Developed byDeveloped by upper level management.Developed by lower level management
Time periodDeveloped for long termDeveloped for short term
Gathering fact and informationIt is difficult to gather facts and information for these plans.It is easier to gather facts and information for these plans.
OrientationTowards the futureTowards the present condition
Based onThese plans are based on prediction and forecasting.These plans are based on known situations that exist within the organization.


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