Discuss about short-term.and long -term planning in business.
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- Explain the concept of long-term versus short-term planning. What are the challenges organizations face when planning for the long term?What are the ethical considerations in the planning process, such as transparency, inclusivity, and sustainability?What are the main challenges faced by organizations in long-term planning, and how can they be overcome?
- Compare and contrast short-term and long-term planning. Discuss the benefits and challenges associated with each type of planning and provide examples of situations where each approach is most appropriate.What are the benefits and limitations of short-term versus long-term planning approaches?Why does planning sometimes fail in spite of the best efforts of Management? Give reasons.