EDITORS PICK BUSINESS
Strategy affects each employee and helps you achieve your business objectives. One of the key benefits of strategic planning is creating a unique, forward-looking vision that can harmonize with the shareholders.
The strategy sets out your long-term objectives and how you will achieve them. In other words, your strategy provides you with the path you need to carry out your organization’s mission. Tactics are more practical and are often directed towards smaller steps and a shorter lead time along the way.