What type of planning focuses on long-term organizational goals and strategies?

The correct answer is strategic planning because it is specifically designed to establish long-term goals and define the overall direction of an organization. This form of planning considers the broader vision and mission of the organization, assessing internal and external environments to determine viable paths for growth and sustainability over an extended period, typically three to five years or more.

Strategic planning involves setting objectives that align with the organization's mission, evaluating resources, and identifying opportunities for improvement or expansion. It takes into account the competitive landscape, market trends, and stakeholder expectations, guiding the organization in making informed decisions that will shape its future.

In contrast, operational planning focuses on day-to-day operations, ensuring that the organization runs smoothly and efficiently in the short term. Tactical planning is concerned with the implementation of specific strategies over a medium-term period, translating the broader strategic goals into actionable plans that can be executed. Contingency planning involves preparing for unforeseen events and creating backup plans, which is reactive in nature rather than proactive like strategic planning.