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Business strategy
Should a business reach short-term goals before long-term goals?
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[QUOTE="Holicent, post: 294537, member: 76163"] Whether a business should focus on short-term goals before long-term goals depends on the specific circumstances of the business and the industry it operates in. In some cases, it may be necessary for a business to focus on short-term goals in order to achieve stability and generate revenue before tackling long-term goals. For example, a startup may need to focus on gaining customers and generating revenue in the short-term before investing in long-term growth strategies. On the other hand, some businesses may need to focus on long-term goals in order to set a strong foundation for future growth. For example, a business that is looking to enter a new market or introduce a new product may need to focus on long-term goals in order to establish a strong presence and gain market share. It's important for a business to balance both short-term and long-term goals, that way they can address immediate needs while also planning for the future. A business should have a clear strategy and set of goals that align with its vision and mission, and those goals should be reviewed and updated regularly to ensure they are still relevant and achievable. In summary, it's not necessary to reach short-term goals before long-term goals but it's important for a business to have a balance of both and to have a clear strategy that aligns with its vision and mission. [/QUOTE]
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