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Strategy vs. Tactics

By Alison Jimenez

One common question I often receive is "Why to I need to think about supplier diversity fraud?  We only used 3rd party certified companies and use procurement software, so shouldn't we be safe?"  The short answer is that 3rd party certification and software are tactics whereas if your goal to thwart supplier diversity fraud you need a strategy. The definition of strategy from Wikipedia:A strategy is a long term plan of action designed to achieve a particular goal, most often "winning". Strategy is differentiated from tactics or immediate actions with resources at hand by its nature of being extensively premeditated, and often practically rehearsed. Strategies are used to make the problem or problems easier to solve, and also for you to understand it more...continue to full post

Full post as published by Tanjeble on November 26, 2007 (boomark / email).