The process in which the CEO is setting smaller, intermediate milestones to achieve within limited time frames when moving toward a crucial overall goal. Planning on short terms with data about monthly, daily, and hourly demand and meaning complete statistical distributions to deal with stochasticity and variability. Duration A short-term goal is a goal one can achieve in 12 months or less. Examples: Take a training. Buy a new machinery or transportation vehicle. Getting all legal documents made. Short Term Strategy A short-term strategy is a method for dealing with any task that is valuable... … Read More »