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 *****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 *****.


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

Pros and Cons of Standards" January *****,[Accessed 22nd September


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