Final answer:
The process of developing long-range plans for managing environmental opportunities and threats while considering a company's capabilities is known as strategy formulation, an integral part of creating a sustainable business strategy.
Step-by-step explanation:
The development of long-range plans for the effective management of environmental opportunities and threats in light of corporate strengths and weaknesses is known as strategy formulation. It involves developing a long-term vision and setting objectives to match the company's internal capabilities with external environmental opportunities and threats. This process is crucial for ensuring that the company can navigate its environment effectively and sustain its operations while considering factors such as landscape change, protection of biodiversity, and dynamic threats like climate change.
Long-term planning is critical for conservation and the sustainable management of resources. It requires a multi-disciplinary approach and the involvement of various stakeholders to create a shared vision for land use and conservation goals. Moreover, different environmental policies, such as command-and-control and market-oriented approaches, reflect the strategy a company or government might choose in tackling environmental issues.