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.
Popular Terms. The steps or tactics needed to achieve the goals defined in a strategic plan. For example, if a company's strategic plan is to become a market leader, its tactical plan might be to double the amount spent on advertising and marketing.