Explain the concept of long-term versus short-term planning. What are the challenges organizations face when planning for the long term?

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter17: Organizational Planning And Controlling
Section17.1: Is Planning Important
Problem 2CC: How do the internal and external environments of the organization and its strengths and weaknesses...
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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?

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ISBN:
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Publisher:
OpenStax College