How can organizations use benchmarking to improve their planning and performance?
How can organizations use benchmarking to improve their planning and performance?
Organizations consist of several employees who work together for the fulfillment of organizational goals. It is important for organizations to take several measures that can help in achieving efficiency and effectiveness in its accomplishment of goals and performance of various functions. Organizations function in an external environment that keeps on changing. It is important for organizations to adapt their strategies in accordance with the market conditions. Several functions are performed ranging from logistics, benchmarking, planning, organizing, finance, human resources, controlling and so on. Organizations should monitor their performance on a regular basis so as to make continuous improvements.
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