Which is a better planning tool: benchmarking or forecasting? Support your answe
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A: The answer is as below:
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A: Yes its true
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A: Moving average is a type of quantitative forecasting technique.
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- what is the meaning of planning techniques and tools - forecasting - contingency planning - scenario planning - benchmarking - use of staff planners] - participation and involvement - management by objective (MBO)How you will differentiate planning from forecasting? Support your answer through adequate reasoning in bulleted formWhy is scenario planning important in business or in the workplace? How is scenario planning different from strategic planning? Explain it clearly so that I can easily understand. And also give example.
- What role does forecasting play in the planning process, and what are some methods and models used for making accurate predictions and projections?Steps in the planning process: 1. Feasibility analysis 2. Prediction and projection 3. Goal articulation/problem diagnosis 4. Alternatives’ design 5. Implementation 6. Evaluation What sequence of the above steps best describes the rational planning process and why? DiscussWhat are the advantages and limitations of different types of planning methods, such as scenario planning or contingency planning?
- What are some common tools and techniques used in the planning process, such as SWOT analysis, PESTEL analysis, and scenario planning?1.in your own opinion,why benchmarking is a better planning tool? 2.how are you going to make your forecast more effective?give a concrete example. 3.How benchmarking can be used by the owner/manager of fast -food chain?explain your answer.If you were in charge of strategic planning for your organization, what changes would you make? Give at least (1) unique strategy in today’s world for nonprofit and profit organizations. When developing and implementing strategy, does the organization effectively balance short and long-term priorities? Why? Does the organization need several strategies for differentiation, innovation, customer alignment, and a detailed plan of forecasted strategies? Why? Please Answer this Thank You.