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In Long-Range or Strategic Planning,the Planning Horizon Is Usually Five

question 57

Essay

In long-range or strategic planning,the planning horizon is usually five years or more.Explain.
B. In fact, planners must be constantly on guard against the fascination of detail, because giving in to it means slighting crucial issues like investment strategy, debt policy, and the choice of a target dividend payout ratio.


Definitions:

Showing Interest

The act of expressing or demonstrating curiosity or concern towards someone or something.

Fear

An unpleasant emotional state triggered by the perception of danger, threat, or harm.

Coercion

Coercion is the act of compelling a person to act against their will by using force, threats, or manipulation.

Effective Leader

An individual who can inspire and guide others towards realizing an organization's goals, through vision, motivation, and strategic planning.

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