Final answer:
An organization with a long-term orientation prioritizes sustainable growth and stability, often characterized by strategic planning, building lasting relationships, and a focus on long-term benefits. Examples include governments working for future viability and corporations investing in future innovations.
Step-by-step explanation:
An organization with a long-term orientation is one that plans and operates with the future in mind, prioritizing sustainable growth, stability, and benefits over time, rather than focusing on immediate gains or short-term objectives. Such organizations are likely characterized by strategic planning, patience in achieving results, an emphasis on building lasting relationships with stakeholders, and a focus on creating a legacy. They tend to have mechanisms in place for instituting changes that have benefits in the long run, even if these changes may require upfront sacrifices or investments.
Examples of organizations with long-term orientation could include governments striving for the long-term health and viability of a country or large corporations like technology firms investing heavily in research and development with the expectation of future innovation and market leadership. To accommodate long-term planning, some organizations may have to address barriers such as bureaucratic inertia and the need for flexible structures that can adapt over time.
The implications of a long-term orientation can be seen in certain judicial decisions, where justices may rule in ways that uphold the integrity and support for the institution over time, rather than focusing on the outcomes of individual cases. Within the corporate world, this could manifest as the shift towards a flat organizational structure, which promotes teamwork and more nimble, future-facing decisions.