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