MANAGEMENT

Detailed explanation-1: -Short-term planning is usually considered to take 12 months or less. Your daily, weekly, monthly, even quarterly and yearly goals – all can be filed under “short-term goals.” They are stepping stones that will help you to reach your big goal(s).

Detailed explanation-2: -A short term goal is a goal you can achieve in 12 months or less. Examples include: Take a class. Buy a new television.

Detailed explanation-3: -Short term planning is also known as activity planning because it allocates resources for the day-to-day business development and management. It is detailed and specific.

Detailed explanation-4: -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.