ECONOMICS

Detailed explanation-1: -A long-term organizational goal defines a success point in the future-potentially months, or even years down the road. Long-term goals include objectives for life, career, education, and more. They require you to plan and allot time for the grand accomplishment.

Detailed explanation-2: -Key organizational goals can also include: employee and management performance, productivity, profitability, innovation, market share and social responsibility goals.

Detailed explanation-3: -Strategic planning is a process in which an organization’s leaders define their vision for the future and identify their organization’s goals and objectives.

Detailed explanation-4: -Specifically, a strategy captures and communicates how vision and mission will be achieved and which goals and objectives show that the organization is on the right path to achieving them.