Long-term plans cover a period of in excess of five years and tend to be developed by:

Question

Quizplus · Accepted Answer

Long-term plans are strategic in nature and require a high-level perspective and understanding of the company and its goals. These plans are typically developed by top executives who have the authority and responsibility to make decisions that affect the company's long-term success. Sales directors, supervisors, and operative employees may have input in the planning process, but their focus is generally more short-term and operational. Middle-level managers may be involved in the implementation of long-term plans, but are not typically responsible for their development.

Long-Term Plans Cover a Period of in Excess of Five