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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 planning is about setting the process by which the strategic plan will be achieved. It's about aligning your project to fit in with your strategic goals and coordinating departments so that they're in sync and ready to hit the organisations' targets.