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


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organizational success

MEASURING ORGANIZATIONAL SUCCESS

Organizational ***** 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 *****s 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 ***** 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 ***** ever hope to achieve. In other words, unrealistic comparisons may render benchmarking useless or at least inaccurate. Similarly industry standards may also fail to consider a firm's size or its scope of operation when ***** it against *****'s giants. Comparing Wal-Mart to the grocery store in your area is not only foolish, it is also a highly inaccurate ***** of fathering realistic information ab***** your organization. While industry standards do help us determine the quality of a product or service, it may ***** restrict the entire industry. "They [*****] can be inflexible and f*****ce producers to make products a certain way when other options are just as good, sometimes better, ***** what a st**********rd dictates." (Pros and cons of standards, 1999) Organizational success may also be me*****ured against ***** business plan. Business ***** is a blueprint of business's potential future and *****. If it has not been met or if the reality is not as good ***** the plan had originally env*****ioned, there may ***** be a problem with organization's performance. But business ***** is the least realistic or reliable method of measuring success because when a firm steps in the market ***** actually starts perf*****ming, it's a whole different ballgame. A firm can ***** measure success by checking its targets and goals. If all objectives were met and ***** ***** achieved, the ***** can ***** itself a success and has reasons to be satisfied ***** its *****.

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Stephanie Carlin, Standardizing Benchmarking to Achieve, Results
http://www.sdcexec.com/article_arch.asp?article_id=7350[Accessed 22nd September 2005]

Pros and Cons of Standards" January 1999, http://www.supplement*****.com/stdregs/proscons.html[Accessed ***** September

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