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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.
Long-term memory. Long-term memory (LTM) is the stage of the dual memory model proposed by the Atkinson-Shiffrin memory model, and informative knowledge can be stored for long periods of time. While short-term and working memory persist for only about 18 to 30 seconds, informative knowledge can remain as long-term memory indefinitely.