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Long range planning is a strategic process that organizations use to set goals, determine actions to achieve those goals, and allocate resources over a period of several years.
Most organizations, especially large corporations, government entities, and non-profit organizations, are required to file long range planning.
Long range planning documents are typically filled out by senior executives, strategic planners, and finance teams within an organization.
The purpose of long range planning is to provide a roadmap for an organization's future growth and success, outlining strategies and actions needed to achieve long-term objectives.
Information reported on long range planning includes financial projections, market analysis, risk assessments, and strategic initiatives.
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