ENTREPRENEURSHIP

Detailed explanation-1: -Short-term goals focus on what you can do right here, right now. They’re about working with what you have now or in the near future. Long-term goals are tied to who you want to be in the future. They require meticulous planning and should align with your life mission and purpose.

Detailed explanation-2: -Planning is essential to achieving both short-and long-term business goals. It helps you align resources to meet organizational objectives in the most efficient manner possible. Short-and long-term planning also ensures you reach the highest levels of customer satisfaction and ROI.

Detailed explanation-3: -Short-term planning looks at the characteristics of the company in the present and develops strategies for improving them. Examples are the skills of the employees and their attitudes. The condition of production equipment or product quality problems are also short-term concerns.

Detailed explanation-4: -What are the differences between short-and long-term planning? Short-term planning evaluates your progress in the present and creates an action plan to improve performance daily. However, long-term planning is a comprehensive framework that comprises of goals to be met within a four-to five-year period.