What Is The Long Term And Short Term Goals

The third component in strategic planning is defining how to accomplish the mission and vision and to correct any critical areas found during the examination of the organization. This is done by setting long term and short term goals related to each objective for continuous development. Setting goals focus on “…improving the overall organizational competitiveness, effectiveness, and growth” (Godiwalla, 2016, p. 11). Goals are extremely imperative because they offer a foundation for development and organizational guidelines for policymaking and justification for the actions that take place in an organization. The process of setting goals is well-organized, and should be defined for different groups of stakeholders. Goals should be realistic

In strategic planning, managers must contemplate the fluctuations that will take place during their plan. Long-term goals are likely not going to go exactly as planned; therefore, management should be prepared to come up with new ideas and methodically to reach these goals in different ways (Roth, 2015). Revision of the plan will occur due to changes in the situation or dynamics of the organization. A well-designed strategic plan will need refinement annually. Refinement of the strategic plan and a high-level of commitment is necessary from all levels of leadership. Godiwalla (2016) states that commitment and refinement of the strategic plan is necessary for the organization to

When an organization runs into one obstacle, often there is a domino effect with another part of the plan (Roth, 2015). Plans needs to be adjusted to fix the obstacle at hand, along with the other glitches that may be found. Adjustments will also need to made if the organization wants to meet its goals, be successful, and more productive. Since feedback was part of the implementation process, comments, suggestions, and ideas for how to improve different aspects of the tasks will be utilized and will help facilitate the changes