20700193 Haeyeon Ryan Kim Entry # 14
Strategy Versus Tactics
What is the difference between a strategy and a tactic?
According to the bald guy in the video, Tim Berry, a doctor slash entrepreneur,
strategy is a long term plan compared to tactic, which is a short term actions.
Strategy requires a lot of committment while tactics requires testing, tracking, tweaking, little more ongoing day to day work. When a Strategy is a road map for overall plan, a tactic is the vehicle for the trip.
When you start working online, you get these emails about what they offer.
They offer you new, awesome tools. If you purchase these tools, you might
end up killing your business. The thing about these tempting tools are that
they all seem to be things that you need for your company. However, the truth is
that your online business is not really a billion dollar company. You have
limited resources; if you choose to buy things that are good for you but are
not necessarily essential, you will end up wasting a good deal of money.
When you start a business, it is critical for you to develop a strategy as soon as possible. Take actions that are congruent to the overall business strategy; if you don't do this, you will end up wasting your time, energy, and resources.
20700193 Haeyeon Ryan Kim Entry # 14
