Planning is:

A) comparing actual performance against targets
B) setting objectives and formulating plans for future operations
C) measuring the performance of managers against preset targets
D) motivating managers towards achieving organisational goals

Planning

The process of making detailed strategies or arrangements to achieve specific goals or outcomes.

Future Operations

Planning and activities undertaken to ensure the continuation and success of a business's activities in upcoming periods.

Actual Performance

The real, observed outcomes or results of a process, person, or organization's efforts, compared against planned or expected performance.