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Long term orientation means that a company or an individual has set focus on long term goals, even if that means that they have to let go of certain immediate success. It focuses on major aspects like persistence, ability to adapt, constant handwork and saving for the future.
Orientation is a term that encompasses a person's awareness of herself, those around her, her location and the date and time. Oriented x1, x2, x3 or x4 is a way of expressing the extent of her awareness. Orientation is often assessed in dementia. You may hear a physician state, She is alert and oriented times three.. That means that she is awake and responsive, and oriented to person, place and time.