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What is Long-Range Planning

Long-Range Planning: This is looking beyond the instant future to understand what market and other situation might exist down the road. This plan comprises more than merely a statement of goals. For businesses, it might comprise identifying regions of expansion, new positions, and anticipating what competition might do over a long time period. For governments, long range planning frequently comprises developing a capital enhancement plan for buildings and infrastructure, and also zoning considerations. There is no set quantity of time stating the difference among a long term plan and a short range plan, however planning over the long term usually takes place more than twelve months out.

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