Question:
Differentiate between long-time planning and short-time planning.
Differentiate between long-time planning and short-time planning.
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Both types of planning are interconnected and vital for achieving organisational objectives effectively.
Updated On: Oct 27, 2025
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Solution and Explanation
| Long-Time Planning | Short-Time Planning |
|---|---|
| Covers a period of 5 years or more. | Focuses on 1-3 years of operations. |
| Emphasizes strategic goals and vision. | Deals with operational and tactical goals. |
| Examples: Expansion plans, market entry. | Examples: Inventory management, sales targets. |
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