A Typical Horizon for Long-Term Planning Is Five Years

question 8

True/False

A typical horizon for long-term planning is five years.

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Definitions:

Strategic Intent

A declaration of the course an organization plans on taking to achieve its longer-term goals. It focuses on aligning organizational resources and energies towards a unified goal.

Core Values

Fundamental beliefs or guiding principles that dictate behavior and action within an organization.

Competitive Environment

A market situation where businesses vie for the same customers or market share, influencing strategies and operations.

HR Managers

Professionals who oversee and manage an organization's Human Resources department, responsible for policies, procedures, and programs related to employees.