What best characterizes long-range planning?

Long-range planning is best characterized as a strategy that looks years into the future. This approach involves setting long-term goals and objectives that guide an organization’s direction over an extended period, typically spanning several years. It takes into consideration future trends, potential challenges, and opportunities that may arise, allowing organizations to allocate resources effectively and develop strategies that align with their vision.

This kind of planning is crucial for ensuring stability and sustainability, as it allows an organization to anticipate changes in the market and adapt accordingly. It also helps in establishing a roadmap that aligns short-term actions with long-term goals, ensuring that all parts of the organization are moving in the same direction to achieve overarching aims.