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


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organizational success

MEASURING 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 *****s the firm identify where ***** actual problems and bottlenecks exist. It provides a realistic way of assessing a company's strengths and *****ing its weaknesses. Chris Gardner, a benchm*****rking 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 are many, benchmarking may not be able to correctly assess a firm's success because ***** standards used may actually be much higher than a small or medium-sized can ever hope to achieve. In other words, unrealistic comparisons may render benchmarking useless or at least inaccurate. Similarly industry standards may also fail ***** consider a firm's size or its scope of operation when ***** it against *****'s giants. Comparing Wal-Mart to the grocery st*****e in your *****a is ***** only fool*****h, it is also a highly inaccurate way of fa*****ring realistic information about your organization. While industry standards do help us determine the qual*****y of a product or service, it m*****y also restrict the entire industry. "They [*****] can be inflexible and f*****ce producers to make products a cert*****in way when other options are just as good, sometimes better, ***** what a st**********rd dictates." (Pros and cons of st*****ards, 1999) Organizational success may ***** be measured against company's business plan. Business plan 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 actually be a problem ***** org*****nization's performance. ***** business ***** is the least realistic or reli***** method of measuring success because when a firm ********** in the market ***** ***** starts perf*****ming, it's a whole different ballgame. A firm can also measure success by checking its ***** and goals. If all objectives were met and ***** ***** achieved, ***** ***** can consider itself a success and ***** reasons to be satisfied with its *****.

References

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 *****, http://www.supplementquality.com/stdregs/proscons.html[Accessed 22nd September

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