Summarize the the following Key Concepts . Benchmarking is the process of finding and adapting best practices to improve organizational performance. Budget is a plan adjusting expenses to available income over a fixed time period. Goal is the end that the organization strives to attain. Method is a sequence of steps describing how to carry out an individual task.
Mission is an organization's purpose or reason for existing.
Operational Plans are short-term and deal with the daily, weekly, and monthly activities. Plan is a scheme for accomplishing the goals of the organization. Policy is a general statement designed to guide employees' actions in recurring situations. Procedure is a sequence of steps describing how to carry out an activity involving group effort. Rule is an established guide for conduct.