SYMPTOM:
When trying to search for the dependents or components of an object who has a length of 250 characters or just under, the following error will show:

Sample Code/Error
String in context 'Object Name' of Search object " with id 'xxx' cannot exceed the maximum length of 250 characters.
CAUSE:
This is a known issue in Strategy Developer 9.4.1
ACTION:
Temporarily rename the object to a shorter character length and then perform the search.