What are long term and short term effects ? Explain with examples
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Short-Term Effects
Short-term measures are effective at getting employees focused on specific targets. For example, if you’re looking to push a new project line, setting a sales goal influences your workers to stress its attributes to customers. This can be achieved by setting commission-based compensation policies or offering bonuses to top performers. Short-term effects also are paramount when they’re critical to business needs. A struggling new business that needs to reach its revenue goal to pay back stakeholders may push heavily for current period sales, regardless of discounts required to influence them.
Long-Term Outlook
Long-term goals incorporated into the planning and policy-making process may focus on installing the desired company culture or protecting the brand name, so how decisions affect those areas of your business must be considered. You likely have a vision for what you want your company to look like in five years, 10 years or farther into the future – not just in terms of growth, but perhaps also goals related to customer service or your position in the community. Every decision you make needs to consider its long-term effects on reaching those goals.
Short-term measures are effective at getting employees focused on specific targets. For example, if you’re looking to push a new project line, setting a sales goal influences your workers to stress its attributes to customers. This can be achieved by setting commission-based compensation policies or offering bonuses to top performers. Short-term effects also are paramount when they’re critical to business needs. A struggling new business that needs to reach its revenue goal to pay back stakeholders may push heavily for current period sales, regardless of discounts required to influence them.
Long-Term Outlook
Long-term goals incorporated into the planning and policy-making process may focus on installing the desired company culture or protecting the brand name, so how decisions affect those areas of your business must be considered. You likely have a vision for what you want your company to look like in five years, 10 years or farther into the future – not just in terms of growth, but perhaps also goals related to customer service or your position in the community. Every decision you make needs to consider its long-term effects on reaching those goals.
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Short-Term Effects
Short-term measures are effective at getting employees focused on specific targets. For example, if you’re looking to push a new project line, setting a sales goal influences your workers to stress its attributes to customers. This can be achieved by setting commission-based compensation policies or offering bonuses to top performers. Short-term effects also are paramount when they’re critical to business needs. A struggling new business that needs to reach its revenue goal to pay back stakeholders may push heavily for current period sales, regardless of discounts required to influence them.
Long-Term Outlook
Long-term goals incorporated into the planning and policy-making process may focus on installing the desired company culture or protecting the brand name, so how decisions affect those areas of your business must be considered. You likely have a vision for what you want your company to look like in five years, 10 years or farther into the future – not just in terms of growth, but perhaps also goals related to customer service or your position in the community. Every decision you make needs to consider its long-term effects on reaching those goals.
Mark as brainliest
Short-term measures are effective at getting employees focused on specific targets. For example, if you’re looking to push a new project line, setting a sales goal influences your workers to stress its attributes to customers. This can be achieved by setting commission-based compensation policies or offering bonuses to top performers. Short-term effects also are paramount when they’re critical to business needs. A struggling new business that needs to reach its revenue goal to pay back stakeholders may push heavily for current period sales, regardless of discounts required to influence them.
Long-Term Outlook
Long-term goals incorporated into the planning and policy-making process may focus on installing the desired company culture or protecting the brand name, so how decisions affect those areas of your business must be considered. You likely have a vision for what you want your company to look like in five years, 10 years or farther into the future – not just in terms of growth, but perhaps also goals related to customer service or your position in the community. Every decision you make needs to consider its long-term effects on reaching those goals.
Mark as brainliest
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