Too many times lately I have heard the word “strategy and strategic” used and is seems like when it is used nothing is in common. I read a great post about what is strategy from the mediapost search insider and I think that is what made me cognisant of the use of the word.
Strategy gets caught in the mushy middle of objectives and tactics. Some people align the word with objectives or goals and some align the word with tactics and some conversations can mean two completely different things if you lean one way and others another.
Found a good simple explanation-
- objective=goal
- strategy=how to reach
- tactic=one specific method of implemented strategy
So a real word example is- the objective is to increase sales, the strategy is to use a multi-channel marketing campaign increasing awareness for new consumers, while the tactic is generating a buy one, get one program.
However, too many times the tactic listed above would be considered the strategy. And maybe it is a strategy, but it does not look at the whole picture of what the objective is, and often times, that is where the disconnect happens and strategic thinking breaks down. People focus on a tree and not the forrest.
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