Running head: HOW TO ESTABLISH LONG TERM GOALS AND OBJECTIVESHow to establish long term goals and objectivesNameInstructorCourseDate1HOW TO ESTABLISH LONG TERM GOALS AND OBJECTIVES2IntroductionIt is important to have long-term goals because that is what keeps a company moving.Tesla Motors Inc. like any other company has a vision whose main objective is to help thecompany maintain its competitiveness in the market. Long-term goals serve as a selfimprovement motivator for organizations since it gives organizations the goals and objectivesthat it is supposed to achieve. Tesla Motors is a big company and this makes it difficult tooperate without a vision or goals for the future. It is also important to understand that thecompany is trading in a very competitive market which requires commitment and outstandingproduct in order to survive. Am sure not many people in the world know what the company doesor what it intends to achieve in future and so it has to trade competitively if it aims to competewith Nissan and Ford who are the giants in the industry. The purpose of this paper is to outlinehow Tesla Motors Inc. will establish long-term goals and objectives.Strategic formulationsStrategy formulations can be done in several ways depending on what the companyintends to achieve, time frame, and nature of products it's dealing with. First, it is important toengage internally and then later work on external strategies (Spulber, 2014). The obvious in thisca ...
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