Supplier Diversity Certification Practice Exam 2025 – Complete Prep Guide

Question: 1 / 550

Long-range strategic plans typically cover which time period?

1 to 2 years

3 to 5 years

5 to 10 years

Long-range strategic plans generally encompass a time frame of 5 to 10 years. This period is significant as it allows organizations to set achievable visions and targets that are aligned with their long-term goals. Planning for a span of 5 to 10 years enables businesses to adapt to changing market conditions, implement growth strategies, and allocate resources effectively over time.

This time frame also encourages comprehensive evaluation of potential risks and opportunities that may arise in the longer term, fostering better-informed decision-making. Such a planning cycle is essential for ensuring that the strategic direction remains relevant and actionable as external and internal environments evolve.

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More than 10 years

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