BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Strategies are the means by which long term objectives will be achieved. Business strategies may include geographic expansion, diversification, acquisition, product development, market penetration, retrenchment, divestiture, liquidation, and joint venture.

Detailed explanation-2: -Long-term objectives are achieved by using a series of short and medium-term goals as stepping stones along the way to the endpoint. Breaking down your long term goals into smaller, often more achievable goals is a great way to ensure your ultimate success.

Detailed explanation-3: -Long-term objectives usually include specific improvements in the organization’s competitive position, technology leadership, profitability, return on investment, employee relations and productivity, and corporate image.

Detailed explanation-4: -What is a long-term strategy? A long-term strategy is a comprehensive plan for a business that defines goals for the future. During this process, you’re setting and completing goals to achieve an overarching goal for the company.

Detailed explanation-5: -Examples of long-term objectives include things such as doubling revenues within five years, increasing sales by 20 percent or achieving a customer-approval rating of 95 percent. Long-term objectives are large achievements that you want to reach over a period of several weeks or years.