Long term planning versus short term planning Note: Depending on the complexity of the plan or when the 1-year timeline is high level, you may need to add an appendix where your stakeholders can find additional documentation. One of the key differences between 1-year, 3-year and 5-year plans – or plainly between short- and long-term plans – comes from the way goals and objectives are set. Long range objectives are usually determined according to estimates and projections, which in turn are the results of market research.
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