___ is a technique that makes use of external comparisons to better evaluate one's current performance and identify possible actions for the future.

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

External Comparisons

The process of evaluating oneself, one's abilities, achievements, or conditions in relation to others.

Benchmarking

The practice of evaluating one's company operations and performance indicators against the highest standards in the industry or the optimal practices observed in other firms.

Current Performance

The recent or ongoing level of effectiveness and achievement demonstrated by an individual or organization.