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Posted: August 8th, 2022
Strategic Management Process
The strategic management process involves establishing goals, strategies, and tactics. The goal or mission need not be measurable, but it is something the airport employees can work toward regardless of intermediate achievements. Compared to goals, objectives imply a shorter, measurable time period with an accomplishment that can be measured in numerical terms. For example, an objective might be to achieve 95 percent hangar utilization within 5 years.
What is the difference between a strategy and tactics? Give us an example?
Please answer the above question in a minimum of 250 words.
Goals, strategies, and tactics are all part of the strategic management process. The objective or mission does not have to be measurable, but it should be something that personnel at the airport can work toward regardless of interim successes. Compared to aims, objectives suggest a shorter, defined time span with a numerically measurable accomplishment. For example, within five years, a goal would be to attain 95 percent hangar utilization.
What is the distinction between a strategy and a set of tactics? Could you provide us an example?
Please respond to the above question in at least 250 words.
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