Discuss the importance of benchmarking in planning in management?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Discuss the importance of benchmarking in planning in management?
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Step 1: Define Planning in management
In management, planning is the process of defining organizational goals, developing strategies and tactics to attain those goals, and outlining the actions, resources, and schedules required to carry out the plan efficiently. It is a core managerial function that provides as a road map for steering an organization toward its targeted goals.
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