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A strategy describes how the ends (goals) will be achieved by the means (resources) in a given span of time. Often, Strategic planning is long term and organizational action steps are established from two to five years in the future. [2] The senior leadership of an organization is generally tasked with determining strategy.
Goals can be long-term, intermediate, or short-term. The primary difference is the time required to achieve them. [6] Short-term goals are expect to be finished in a relatively short period of time, long-term goals in a long period of time, and intermediate in a medium period of time.
Strategic management processes and activities. Strategy is defined as "the determination of the basic long-term goals of an enterprise, and the adoption of courses of action and the allocation of resources necessary for carrying out these goals."
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“For instance, a short-term goal could be paying off $5,000 in credit card debt within a year, while a long-term goal might involve saving $100,000 for retirement in the next 20 years.” Budget ...
The savings strategies for long-term goals are focused on sustaining a savings plan over a longer period of time. 1. Invest in a retirement account. A long-term goal common to nearly everyone is ...
Strategy (from Greek στρατηγία stratēgia, "troop leadership; office of general, command, generalship" [1]) is a general plan to achieve one or more long-term or overall goals under conditions of uncertainty. [2]
A business plan is a formal written document containing the goals of a business, the methods for attaining those goals, and the time-frame for the achievement of the goals. It also describes the nature of the business, background information on the organization , the organization's financial projections, and the strategies it intends to ...
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