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


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organizational success

MEASURING 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 the actual problems ***** bottlenecks ex*****t. It provides a re*****listic way of assessing a company's strengths and identifying its weaknesses. Chris Gardner, a benchmarking guru, notes: '"Benchmarking takes ***** guesswork out of how an organization is doing performance-wise and provides realistic improvement targets," (Carlin). But while the benefits are many, benchmarking may not be able to correctly assess a firm's success bec*****use ***** st*****ards used may actually be much higher than a small or medium-sized ***** ever hope to achieve. In other words, unrealistic comparisons may render ***** useless or at least inaccurate. Similarly ***** standards may also fail to consider a firm's size or its scope of operation when measuring it against industry's giants. Comparing Wal-Mart to the grocery st*****e in your *****a is ***** only foolish, it is also a highly ***** ***** of fa*****ring realistic information about your organization. While industry standards do help us determine the qual*****y of a product or service, it ***** ***** restrict the entire industry. "They [st*****ndards] can be inflexible and force producers to make products a certain way when other options are just as good, sometimes better, than what a standard dictates." (Pros and cons of standards, 1999) Organizational ***** may also be me*****ured ***** ***** business plan. Business plan is a blueprint ***** business's potential future and success. If it has not been met or if the reality is not as good ***** the ***** had originally envisioned, there may actually be a problem with organization's performance. But business plan is the least real*****tic or reli***** method of measuring success because when a firm steps in the market ***** ***** starts perf*****ming, it's a whole different ballgame. A firm can ***** measure success by checking its ***** and goals. If all objectives were met and all ***** achieved, ***** ***** can ***** itself a ***** and ***** reasons to be satisfied ***** its *****.

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

Pros and Cons of St*****ards" January *****, http://www.supplementquality.com/stdregs/proscons.html[Accessed ***** September

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