Final answer:
Strategic planning involves setting short-term goals for a new business venture, helping businesses define their vision, mission, and objectives while staying focused and making progress towards long-term objectives.
Step-by-step explanation:
The type of planning that involves setting short-term goals for a new business venture is strategic planning. Strategic planning helps businesses define their vision, mission, and objectives, and it establishes the overall direction for the organization. Short-term goals are specific, measurable targets that can be achieved within a relatively short period of time, typically less than a year. They help businesses stay focused and make progress towards their long-term objectives.