Essay - Organizational Success Measuring Organizational Success Organizational Success can be Best...

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organizational success


***** ***** can be best measured with the help of some established, tested and tried tools including benchmarking, industry standards, business plans etc. Benchmarking is the most sought-after method for measuring success and there are numerous obvious benefits. For one it *****s the firm identify where ***** actual problems ***** bottlenecks ex*****t. It provides a re*****listic way of assessing a company's strengths and *****ing its weaknesses. Chris Gardner, a benchmarking guru, notes: '"Benchmarking takes the guesswork out of how an organization is doing performance-wise and provides realistic improvement targets," (Carlin). But while ***** benefits are many, benchmarking may not be able to correctly assess a firm's success because the standards used may actually be much higher than a small or medium-sized can ever hope to achieve. In o*****r words, un***** comparisons may render ***** useless or at least inaccurate. Similarly industry standards may also fail ***** consider a firm's size or its scope of operation when measuring it against *****'s giants. Comparing Wal-Mart to the grocery store in your *****a is ***** only fool*****h, it is also a highly ***** way of fathering realistic information ab***** ***** organization. While industry standards do help us determine the quality of a product or service, it ***** ***** restrict the entire industry. "They [standards] can be inflexible and force producers to make products a cert*****in ***** when o*****r options are just as good, ********** *****tter, ***** what a st**********rd dictates." (Pros and cons of *****, 1999) Organizational success may also be me*****ured against ***** ***** plan. Business ***** is a blueprint of business's potential future ***** success. If ***** has not been met ***** if the reality is not as good ***** the plan had originally envisioned, there may actually be a problem with org*****nization's performance. ***** business plan is the least real*****tic or reliable method of measuring success because when a firm steps in the m*****rket and ***** starts perf*****ming, it's a whole different ballgame. A firm can also measure success by checking its ***** and goals. If all objectives were met and ***** goals achieved, the ***** can consider itself a success ***** ***** reasons to be satisfied with its *****.


Stephanie Carlin, Standardizing Benchmarking to Achieve, Results[Accessed 22nd September 2005]

Pros and Cons of Standards" January *****,[Accessed 22nd September


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