long-range planning

Long-range planning refers to the process of setting goals and developing strategies for an organization to achieve its objectives over an extended period, typically three to five years or more. This involves assessing current resources, forecasting future trends, identifying potential challenges, and aligning activities to meet long-term aspirations. By prioritizing initiatives and allocating resources effectively, long-range planning helps organizations navigate change, adapt to new opportunities, and ultimately achieve sustained growth and success. It is essential for making informed decisions today that will impact the future direction of the organization.