Final answer:
Broad objectives that are to be achieved over a long period are crucial in business and organizational planning. These goals should be SMART: Specific, Measurable, Achievable, Relevant, and Time-bound, and involve a shared vision and strategic effort from all stakeholders.
Step-by-step explanation:
The concept of setting broad objectives that are achievable over a long period of time is important in various fields, notably in business strategy and organizational planning. Goals that are broad in scope, realistic, and relevant require careful deliberation and a vision that is shared by stakeholders.
They should also be time-bound, which means they need to have a specific deadline for achievement. This assists individuals and organizations in monitoring progress and making timely adjustments. An example of this is in land use and conservation planning where a long-term vision is required for sustainable development.
Similarly, strategic plans such as those by regulatory agencies like the FCC typically include broad, long-term goals which, for instance, could focus on increasing broadband access. Each goal should ideally be SMART: Specific, Measurable, Achievable, Relevant, and Time-bound, enabling focused efforts and resource allocation.