Many formal organizations formulate and implement strategic plans to secure their relevant, if not, competitive futures. These plans must be transformed into practical, measurable, time bound functional and annual goals and milestones. Intervening between these long-term plans are long and short-term objectives, and grand and generic strategy choices. What are the elements of long-term objectives and grand strategies? What is their purpose? How do they work? Please demonstrate the process of developing long-term objectives and grand strategies in an organization of your choosing.  Then, explain how in building a strategic plan, an organization may have greater flexibility and clarity about its future than by ignoring the planning process altogether. Use theories and concepts from the academic literature to support your recommenda