Discuss about short-term.and long -term planning in business.
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- What are the benefits and potential challenges of long-term planning versus short-term planning?What role does technology play in supporting and enhancing long-term planning processes?Discuss the difference between short-term planning and long-term planning. Identify any business activities that underwent short-term and long-term planning processes.
- What are some of the challenges that organizations face in the planning process? How can these challenges be addressed to ensure successful planning and goal attainment?Distinguish between long-range planning and strategic planning.What are the main challenges faced by organizations in long-term planning, and how can they be overcome?