The Importance of Long-term Strategic Planning
Not what you're looking for?
To achieve long-term prosperity, strategic planners commonly establish long-term objectives in many different areas? Describe some of these areas in scholarly detail. Give two examples. Response requires 225 words
Purchase this Solution
Solution Summary
This solution describes the importance of long-term strategic planning in all areas of a business.
Solution Preview
One of the major areas in which strategic planners establish long-term objectives in order to achieve long-term prosperity, is in the area of incoming revenue or profitability. Strategic planners often develop five-year plans or longer, in which they predetermine the percentage increase in profitability that they would like for their organization to achieve within that time period. An example of this is ...
Education
- Criminal Justice, Elizabeth City State University
- Master of Public Administration, North Carolina Central University
Recent Feedback
- "Excellent work, from the time of my post to the time I received a response was days ahead of my requirements. "
- "Great, Thank You for our Help!!"
- "Excellent, thank you "
- "Thank you"
- "Thank you!"
Purchase this Solution
Free BrainMass Quizzes
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Lean your Process
This quiz will help you understand the basic concepts of Lean.
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.