![]() The most obvious difference between long-term and short-term planning is the amount of time each one takes while short-term planning involves processes that take 12 months or less, long-term planning is, as the name suggests, longer – there’s no upper limit to the longevity of a long-term plan. Key differences between long-term and short-term planning If a piece of equipment breaks, a short-term solution would be to fix it, while a medium-term solution would be to invest in a service contract.Īnother example of medium-term planning is investing in employees’ training programs rather than organizing a workshop from time to time (which is a short-term solution). It entails applying more permanent solutions to short-term problems and implementing policies and procedures to make sure that those short-term problems won’t happen again. That’s not all, folks: there’s also medium-term planning.
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