___ is a planning technique that makes use of external comparisons to determine practices used by best-in-class companies to improve performance and identify possible actions for the future.

A) Contingency planning
B) Benchmarking
C) Scenario planning
D) Forecasting
E) Management by objectives

Question

Kimone Jones · Accepted Answer

Final Answer : B, Explanation :  Benchmarking is a technique that involves comparing an organization's practices and performance against other top-performing organizations to identify areas where improvements can be made. This helps organizations learn from others and identify best practices for achieving their goals.

___ is a planning technique that makes use of external comparisons to determine practices used by best-in-class companies to improve performance and identify possible actions for the future.

A) Contingency planning
B) Benchmarking
C) Scenario planning
D) Forecasting
E) Management by objectives

Definitions

Learning Objectives

Learning Objectives

Related questions

___ is a planning technique that makes use of external comparisons to determine practices used by best-in-class companies to improve performance and identify possible actions for the future.A) Contingency planningB) BenchmarkingC) Scenario planningD) ForecastingE) Management by objectives

Definitions

Learning Objectives

Learning Objectives

Related questions

___ is a planning technique that makes use of external comparisons to determine practices used by best-in-class companies to improve performance and identify possible actions for the future.

A) Contingency planning
B) Benchmarking
C) Scenario planning
D) Forecasting
E) Management by objectives