The main reasons project managers need to understand an organization's mission and strategy
a. allow appropriate decision making
b. to make appropriate adjustments to the project plan during execution
c. to be an effective project advocate
A strategy is an action a manager takes to achieve one or more organizational goals. Strategy can also be defined as “the general direction along which an organization and its various components will achieve a desired future state”. Strategy is born out of a detailed strategic planning process.
Tactics refer to the specific actions taken to achieve the goals set in line with the strategy. For example, Company A's strategy is to become the cheapest player in the smartphone market. Managers must then negotiate with suppliers to reduce the cost of electronic components used in production.
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