In most jurisdictions, collision coverage is optional unless there is a lien holder on your vehicle. If you don't have collision coverage, you are going to be on the line for the costs to repair any damages to your vehicle in an accident caused by you, including damage to your side mirror.
Tactical planning is such an important part of a company's strategic planning process that management consulting companies are often hired to assist companies in preparing tactical plans. A company usually begins with its objectives and then develops strategies for how to carry out their objectives.
In business parlance, the words strategy and tactics refer to various business practices. In business usage, the term strategy is the thinking process required to plan a change or to organize something. It defines the goals desired and how to achieve them. It can be a compendium of complex multi-layered plans devised for achieving preset objectives and may include tactical planning considerations. Tactics and Strategy-The Correlation. Tactics are the substance of strategy. They comprise what is done pursuant to strategic planning. The strategic phase of business planning has thinkers (you-the small business owner) determining ways to achieve stated goals.