Vision and mission create passion and purpose. Goals, objectives, and tasks establish direction. The action part of the formula is called as strategies and tactics. Goals and objectives make up what you are to do, and the strategies and tactics describe how you plan to do it.
Strategies are the big picture techniques for how you will accomplish your plan. They are global and sweeping in scope and scale. By contrast, tactics serve the same functions as strategies but on a smaller scale. Strategies are therefore strategic in nature and tactics are operational in nature. Strategies are the big picture “how” you plan to reach your goal. While, tactics are the short-term “how” you plan to reach your goal. Use tactics to reinforce your strategies.
Strategy is not about the management disciplines; nor is it about econometrics, numbers, or programmatic objectives. At its essence, strategy is an intellectual construct linking where you are today with where you want to be tomorrow in a substantive, concrete manner. Therefore, strategies are critical to defining how you intend to bridge to the future from the present. Your plan must include viable strategies to get you there.
If you are having trouble identifying strategies, look at the business section of any newspaper for examples of how companies are attempting to solve a particular problem, gain customers, or introduce a new product. You will find excellent examples in articles describing how the company plans to move forward. To set strategies is not a complicated management maneuver. Think big and bold for the strategy. You may find that one strategy covers a number of goals or that each goal requires a strategy. A word of caution is necessary when setting strategy because it defines how you implement your story and your plan. A wrong choice leads to disastrous consequences.
