Which type of planning looks at long-term goals and objectives?

Strategic Planning is focused on long-term goals and objectives, which is essential for guiding an organization towards its vision for the future. It involves analyzing internal and external environments, setting priorities, and determining the resources necessary to achieve the desired outcomes over an extended period. This type of planning typically covers a horizon of three to five years or more, allowing organizations to align their resources and actions with their overarching goals.

In contrast, tactical planning usually deals with shorter-term actions and specific steps that support the strategic plan, making it more focused on the immediate implementation of strategies. Operational planning is concerned with the day-to-day operations and how tasks will be carried out to meet the tactical plans. Contingency planning involves preparing for unexpected events, ensuring that the organization can respond effectively to potential crises or changes in circumstances. Thus, while each type of planning plays an important role in an organization, it is strategic planning that specifically addresses long-term ambitions and direction.