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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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- What are the potential challenges and obstacles that organizations may face during the planning process, and how can these be effectively addressed?arrow_forwardResearch two response methods. What similarities and differences did you find? What are the most important elements of a strategy, and why should they be included? What makes your method suitable for most organisations? Include source citations in your writing.arrow_forwardExceptional customer service, relative to your competitors, relates most closely to which dimension of a SWOT analysis? Strength Threat Opportunity Weaknessarrow_forward
- In a SWOT assessment, which two categories involve an internal assessment of the organization? (Multiple choice) Threats Strengths Weaknesses Opportunitiesarrow_forwardWhat are strategic, tactical and operational plans in organizational goal planning?arrow_forwardwhat are competitive points of an organization? How can this help with competitionarrow_forward
- What are the possible negative outcomes that could arise from the implementation of a strategy and benchmarks?arrow_forwardHow do organizations ensure alignment between production management strategies and overall business goals?arrow_forwardIn what ways is it critical to first assess measurement models, and then structural models?arrow_forward
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