What do strategic goals refer to in an organization?

Study for the Penn Foster Principles of Management (BUS 110) Test. Review core concepts with flashcards and multiple-choice questions, each offering hints and explanations. Prepare effectively for your exam!

Strategic goals are essential for an organization's long-term direction and success. They focus on the major targets that help ensure the organization's survival and growth over an extended period. These goals typically align with the organization's mission and vision, guiding decision-making and resource allocation to achieve significant accomplishments in areas like market expansion, innovation, and overall competitive advantage.

While short-term targets are important for immediate results, they do not encompass the broader scope that strategic goals represent. Daily operational plans, on the other hand, are more about executing current strategies rather than setting long-term objectives. Tactical resources pertain to the means and specific actions needed to implement strategies, rather than the overarching goals themselves. Thus, choosing the option that describes major targets for long-term survival and growth accurately captures the essence of what strategic goals are all about.

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