3) Long time and high risk;

Purpose of the organization 2. Formulation policy 3. Long term objectives and short term objectives long term objectives can be divided into the following categories: profitability; Service for customers; The needs and benefits of employees; Social responsibility 20.3 strategy formulation strategy formulation is to put forward medium and long-term development ideas and plans in the future on the basis of comprehensive analysis of the internal and external environment of the enterprise.