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Strategic, long-term and short-term objectives

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What is the difference among strategic, long-term, and short-term objectives? What is the relationship between objectives and goals? What are examples of this relationship?

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The solution discusses what is the difference among strategic, long-term, and short-term objectives.

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Most of the companies set goals that they would like to achieve in a specified amount of time. The goals set by companies could be long term goals or short term goals that are designed to move the company toward achieving the ultimate long term goal. Both long term and short term goals are often referred to as strategic goals of the organization.

Long term objective of the company represent a state where the company would like to be in the foreseeable future. Long term objectives are ...

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Edwin Sinclar, MBA
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  • MBA, Aspen University
  • Bachelor of Science , Berea College
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