Question

Distinguish between long term planning and short term planning

Answer 1

Beyond the obvious, knowing the differences between short- and long-term planning can help nonprofits navigate their paths from the present to the future with demonstrated progress toward achieving their goals. Every board needs directors who are great visionaries. Establishing and working toward specific short- and long-term goals helps boards bring these visions to life.

Long-term goals are inherently strategic. This characteristic is why long-term goals shape the overall direction of the organization. The success of achieving long-term goals is a reflection of how well the board conforms to the organization’s mission.

By contrast, short-term goals are a reflection of how well the organization’s programs are performing. Effective board directors know that it takes establishing, monitoring and achieving short- and long-term goals to help the organization progress.