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The Importance of Long-term Strategic Planning

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

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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 ...

Solution Summary

This solution describes the importance of long-term strategic planning in all areas of a business.

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