Effect of strategic and tactical decisions on human, physical and financial resources 3.1.2
Tactical decision - A short-term response by a business to opportunities or threats.
Strategic decision - A long-term plan of action to achieve business aims and objectives
Strategic decisions on human resources may include long term plans to build up a workforce, for example hiring more staff to build cars on a production line. This scenario would impact on both the physical and financial resources of the business as it is likely it would have to invest in new machinery (physical) and train and house the new employees to ensure they were productive (financial). All this takes a great deal of planning and time, so cannot be easily reversed.
Strategic decision - A long-term plan of action to achieve business aims and objectives
Strategic decisions on human resources may include long term plans to build up a workforce, for example hiring more staff to build cars on a production line. This scenario would impact on both the physical and financial resources of the business as it is likely it would have to invest in new machinery (physical) and train and house the new employees to ensure they were productive (financial). All this takes a great deal of planning and time, so cannot be easily reversed.
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