Tactical planning is the process of outlining business plans for the coming year. This differs from strategic planning as strategic planning encompasses longer-term goals that reflect the company’s direction and its purpose outlined in its mission statement. Mid-level managers handle tactical planning by establishing actionable goals that support the strategic plan.Continue Reading
The Society for Human Resource Management defines a tactical plan as "a course of action to achieve short-term goals, generally within a year or less. Tactical plans represent the short-term efforts to achieve the strategic, longer-term goals." When managers develop tactical plans, they also develop a time line for completion. Each actionable goal puts the organization closer to meeting its associated strategic goal. For instance, a strategic objective of recruiting top talent for the business can translate into an action plan to recruit 100 employees from top-tier schools. Managers then measure progress to ensure they are on schedule to meet their goal by the prescribed deadline.
Tactical planning spans all departments. Each department manager creates actionable goals for their organization so the organization moves toward its strategic goal in a coordinated manner. From the accounting and logistics to customer service, each manager and supervisor are directly responsible for his or her objectives.Learn more about Business Resources
Bplans.com and WomensOwnResource.org offer free samples of business plans for opening a daycare business. The Houston Chronicle's Small Business section provides a step-by-step procedure showing how to write one.Full Answer >
Register a company by, firstly, determining its business structure as this determines the registration process. Regardless of structure, you must register your company name with your state and obtain a federal tax ID. Lastly, register your business with the state revenue office, and obtain necessary permits.Full Answer >
The process for conducting a Doing Business As name search varies between states and counties, with most offering an online tool to locate the appropriate records according to the name itself, the name of the business' owner or other identifying information about the entity. Some areas also support in-person searches at a county clerk or similar agency office.Full Answer >
Corporate planning is a strategic tool used by companies to set long-term plans to meet certain objectives, such as business growth and sales volumes. Corporate plans are similar to strategic plans, but place greater emphasis on using internal resources and streamlining operations to achieve certain end goals.Full Answer >