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"long-term approach" is correct and can be used in written English.
You can use it to describe a strategy, attitude, or plan that is intended to produce a benefit over a period of time rather than immediately. For example, "The company is taking a long-term approach to hiring more employees, focusing on quality rather than quantity."
Exact(58)
Other schools took a long-term approach.
To solve them, we need a systematic long-term approach.
The long-term approach also applies to its investment in the communities it trades with.
This is especially important to us because of our long-term approach to making investments.
Most of us find it difficult enough in normal times to take a long-term approach.
A sensible long-term approach but in the short term the result was disastrous.
Still, I do not recommend making margin a part of your long-term approach.
It's hard to make a case against that long-term approach.
We need a more joined-up and long-term approach to providing public services.
It's good to know they take a long-term approach to this.
Rather than pile on heavy training, which risks injury, he insists on a long-term approach.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com