What is a Tactical Business Plan?

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A tactical business plan is in response to a strategic business plan, and the two are meant to work together. A strategic business plan outlines what will be done to make the business work; a tactical business plan outlines how those things will be accomplished.

Who Originates the Plan

  • The management team that will run the business creates the tactical plan.

Timeline

  • The tactical business plan outlines how the strategic plan will be executed and a timeline for when each step of the plan should be completed.

Expense

  • The plan shows in detail how to accomplish the strategy and the expenses associated with completion. This is also used as a budgeting tool.

Resources Needed

  • The resources needed to accomplish the strategy are outlined with regard to the timeline and expenses.

Success Within the Means of Resources

  • The success of the strategy through the tactical plan is limited to the resources available to the business.

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