Which of the following is considered a tactical plan?

A tactical plan is characterized by its focus on the implementation of specific actions and initiatives that support broader strategic goals. The correct choice involves developing short-term actions to achieve those strategic objectives. This means breaking down larger strategic goals into manageable, actionable steps that can be executed in the near term, often within a year or less.

In contrast, setting a five-year vision for a company is more aligned with strategic planning, which deals with long-term goals and the overall direction of the organization. Assessing the competition is an analytical activity that informs both strategic and tactical decisions but does not itself constitute a plan. Updating company policies, while important for operational efficiency, typically reflects adjustments rather than the proactive, action-oriented nature of tactical planning.