What does vincere la Battaglia ma perdere la Guerra mean.

Is it the equivalent of the English expression to win the battle but lose the war.

Do Italian folk also use it pretty much in the same manner like we American folk.

We most commonly use it meaning to focus too much on achieving a minor success or victory while ignoring and consequently losing or failing to achieve a larger more important goal

This is especially used when the larger failure happens at least partly due to the smaller victory.

Feel free to provide some examples if you want thanks again beforehand.