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

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organizational success


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 helps the firm identify where ***** actual problems ***** bottlenecks ex*****t. It provides a realistic way of assessing a company's strengths and identifying 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 the benefits ***** many, benchmarking may not be able to correctly assess a firm's success bec*****use the 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 ***** 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 area is ***** 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 m*****y also restrict the entire industry. "They [*****] can be inflexible and force producers to make products a certain way when o*****r options are just as good, sometimes *****tter, ***** what a st*****ard dictates." (Pros and cons of standards, 1999) Organizational ***** may also be me*****ured ***** ***** business plan. Business plan is a blueprint of business's potenti*****l future and success. If it has not been met or if the reality is not as good ***** ***** ***** had originally env*****ioned, there may actually be a problem ***** organization's performance. But business plan is the least realistic or reliable method of measuring success because when a firm ********** in the market ***** ***** starts performing, it's a whole different ballgame. A firm can also measure success by checking its targets and goals. If all objectives were met and all ***** achieved, ***** firm can consider itself a success ***** ***** reasons to be satisfied with its performance.


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

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


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