A long-term plan is a STRATEGY that is designed to achieve a goal over a period of time. It is often used in business and other organizations to set out a plan of action for the future. The term 'long-term plan' can also refer to a plan that is designed to last for many years or even decades. A long-term plan typically involves setting goals, developing strategies to reach those goals, and then implementing those strategies. It is important to have a long-term plan in order to ensure that an organization is able to achieve its desired outcomes.