Well-chosen goals and objectives point a business in the right direction and keep an established company on the right track. Goals establish shows where you intend to go and tell you when you get there. It helps in improving overall effectiveness as a company. The more carefully we define your goals, the more likely we are to do the right things and achieve what we want to accomplish in the first place.
Mission and Vision Statements:
Future planning involves setting short-term, mid-term and long-term objectives and scheduling the series of actions necessary to achieve them. Long-term objectives planning include developing a mission statement, vision statement and ongoing organizational goals and strategies necessary to move the company's vision and mission forward. By focusing on key issues such as customer service and quality, time, speed, business goals and objectives provide a sense of direction, purpose and urgency. It also motivates organizational teams to deliver the performance necessary to achieve targeted results.
Long-term business planning involves developing long-term goals based on assessing historical and other operating data. Using forecasting techniques in business planning helps leaders make informed predictions that can be used in developing long-term goals. Relevant internal data about the company's performance, as well as external data about the industry, might be used to establish strategic long-term goals that are SMART: an acronym for Specific, Measurable, Attainable, Relevant and Timely goals.
Managing the Future:
Managing the future of the company lies at the heart of setting long-term business goals. This is particularly true of strategic business planning, which is "a total concept of the whole business involving a framework and process that guides its future. Long-term planning involves assessing a company's current market position, setting goals for where to take the company in the future, and establishing tactics for moving the company from where it is to where its leaders want it to be in the future.
Direction and Motivation:
Long-range business planning helps to think differently about the company's direction. It also provides motivation and insight into the type of performance necessary to meet business goals. This is especially important when significant internal change is required to maintain competitive advantages.
We are planning to become Product based company in coming year with our own Product in the market. Apart from this we do have Artificial Intelligence, Quantum Intelligence, and Space research & development in our Future Plan.