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

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 helps the firm identify where the actual problems ***** bottlenecks exist. It provides a re*****listic way of assessing a company's strengths and identifying ********** weaknesses. Chris Gardner, a benchm*****rking guru, notes: '"Benchmarking takes ***** guesswork out of how an organization is doing performance-wise ***** provides realistic improvement targets," (Carlin). But while the 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 can ever hope to achieve. In other words, un***** comparisons may render ***** useless or at least inaccur*****e. 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 store in your area is ***** only foolish, it is also a highly inaccurate ***** of fa*****ring realistic information ab***** your organization. While industry standards do help us determine the quality of a product or service, it ***** also restrict the entire industry. "They [*****] can be inflexible and force producers to make products a certain way when other options are just as good, ********** better, than what a st*****ndard dictates." (Pros and cons of standards, 1999) Organizational success may also be me*****ured ***** company's ***** plan. Business plan is a blueprint of business's potenti*****l future and *****. If ***** has not been met or if the reality is not as good as the ***** had ********** env*****ioned, there may actually be a problem ***** org*****nization's performance. But business plan is the least real*****tic or reliable ***** ***** measuring success because when a firm steps in the market ***** ***** starts performing, it's a whole different ballgame. A firm can also measure success by checking its ***** and goals. ***** all objectives were met and all ***** achieved, the ***** can ***** itself a ***** and ***** reasons to be satisfied with its performance.

References

Stephanie Carlin, Standardizing Benchmarking ***** 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 22nd September