Planning Horizons

Planning horizon refers to the amount of future time an individual or organization considers when making decisions. It represents how far into the future their planning extends, from short-term (days or months) to long-term (years or decades). A longer planning horizon allows for strategic, comprehensive planning, while a shorter one focuses on immediate needs. Understanding your planning horizon helps in setting realistic goals, allocating resources effectively, and preparing for future challenges or opportunities. It’s a key concept in managing goals, investments, and projects, ensuring decisions are aligned with both current priorities and future ambitions.