Long-term planning is setting a process by which a particular strategic plan will be achieved. The approach focuses on activities that start in the present and continue well into the future. Also read: Short-term planning: Small Changes Big Impact Tips for Successful Operations Management Risk Management: Overview Importance It helps business leaders to think differently. Provides motivation. Significant when internal change is required to maintain competitive advantages. 11 Tips for creating a long term plan Strategic planning is a management tool that helps businesses to make it better and... … Read More »