MANAGEMENT

Detailed explanation-1: -A short-term goal may be something you want to do for its own sake. For example, you may want to clean out your closet, read that book that’s been collecting dust on your nightstand, save the money you need to go on a long-overdue vacation, or finally run a 10K.

Detailed explanation-2: -An example of a short-term goal is to increase your advertising budget each month for the next three months. An example of a long-term business goal that the short-term goal helps achieve is to double business revenue by the end of the fiscal year.

Detailed explanation-3: -A short-term business strategy ensures that companies take the right steps for developments and changes that will happen in the near future. More positive results than expected can be achieved by regularly completing the issues that will not affect the long-term during strategic planning.

Detailed explanation-4: -Short-term marketing planning Short term marketing planning is about hitting immediate marketing objectives which is often about generating sales in the short term. The best way to achieve this is by marketing to your existing customer rather than new customers.