What is long-term planning? and what is stretch goals?

Question

What is long-term planning? and what is stretch goals?

Answer 1

When a person requires someone else to help him with his physical or emotional needs over an extended period of time, this is long-term care. This help may be required for many of the activities or needs that healthy, active people take for granted and may include such things as:

Walking

Bathing

Dressing

Using the bathroom

Helping with incontinence

Managing Pain

Preventing unsafe behavior

Preventing wandering

Providing comfort and assurance

Providing physical or occupational therapy

Attending to medical needs

Counseling

Feeding

Answering the phone

Meeting doctors' appointments

Providing meals

Maintaining the household

Shopping and running errands

Providing transportation

Administering medications

Managing money

Paying bills

Doing the laundry

Attending to personal hygiene

Helping with personal grooming

Writing letters or notes

Making repairs to the home

Maintaining a yard

Removing snow

The need for long-term care help might be due to a terminal condition, disability, illness, injury or the infirmity of old age. Estimates by experts are that at least 60% of all individuals will need extended help in one or more of the areas above during their lifetime. The need for long-term care may only last for a few weeks or months or it may go on for years. It all depends on the underlying reasons for needing care.

Temporary long term care (need for care for only weeks or months)

Rehabilitation from a hospital stay

Recovery from illness

Recovery from injury

Recovery from surgery

Terminal medical condition

Ongoing long term care (need for care for many months or years)

Chronic medical conditions

Chronic severe pain

Permanent disabilities

Dementia

Ongoing need for help with activities of daily living

Need for supervision

Long-term care services may be provided in any of the following settings:

In the home of the recipient

In the home of a family member or friend of the recipient

At an adult day services location

In an assisted living facility or board-and-care home

In a hospice facility

In a nursing home

Answer 2

Long term planning (or strategic plans) usually go out over 5 years...product development plans, where money will be invested, what will need to happen in terms of dependencies, etc.  (short term plans are annual plans, and now in technology are 6 month plans)  Stretch goals.....mission impossible...insert a miracle here ...then we can achieve this!  (alot of  "if this happens we could", or if we make 30 billion instead of 8 billion then we could)

Answer 3

Jack Welch of GE coined the term -

"stretch goals" to describe unobtainable objectives with present resources.

Long term planning is part of a business plan covering objectives over a longer period as opposed to short term, and mid term.

An example;

Short term is to get employees hired in a new business and buy equipment.  Mid term might be to disclose or discover operating deficiencies and repair them. Long term might be further expansion if needed by determining growth patterns.

I might say we need to hire 500 people in the first week, but that's "a stretch" because I have no idea how the business will grow at this point!

I hope this helps.