What long-term plans focus on organizational objectives that will significantly affect the firm for five or more years?

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Strategic plans are designed to focus on long-term objectives and goals that are crucial for the organization's success over a period of five or more years. These plans involve in-depth analysis of internal and external factors affecting the organization, identifying strengths and weaknesses, and developing strategies to achieve long-term goals. Marketing plans are tactical plans that focus on achieving short-term objectives, while economic plans are typically developed by governments and focus on macroeconomic policies. Tactical plans are designed to achieve short-term goals and are usually developed by middle-level management.

What Long-Term Plans Focus on Organizational Objectives That Will Significantly