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

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organizational success


***** 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 exist. It provides a realistic 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 ***** 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 standards 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 inaccur*****e. Similarly ***** standards may also fail ***** consider a firm's size or its scope of operation when ***** it against industry's giants. Comparing Wal-Mart to the grocery store in your area is ***** only fool*****h, it is also a highly inaccurate ***** of fa*****ring realistic information about ***** 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 force producers to make products a cert*****in way when other options are just as good, *****times *****tter, than what a st**********rd dictates." (Pros and cons of standards, 1999) Organizational ***** may also be measured ***** company's ***** plan. Business plan is a blueprint of business's potenti*****l future and success. If ***** has not been met or if the reality is not as good ***** the ***** had *****iginally envisioned, there may ***** be a problem with org*****nization's performance. But business plan is the least realistic or reli***** ***** of measuring success because when a firm steps in the market and actually starts performing, it's a whole different ballgame. A firm can ***** measure success by checking its targets ***** goals. If all objectives were met and all ***** achieved, ***** ***** can ***** itself a success and has reasons to be satisfied ***** its performance.


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

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


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