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 ***** bottlenecks ex*****t. It provides a realistic way of assessing a company's strengths and *****ing 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 ***** st*****ards 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 inaccurate. Similarly ***** standards may also fail to 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 fool*****h, it is also a highly ***** ***** of fathering realistic information about ***** 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 cert*****in way when other options are just as good, sometimes better, than what a st*****ndard dictates." (Pros and cons of st*****ards, 1999) Organizational ***** may also be measured ***** company's business plan. Business ***** is a blueprint ***** business's potenti*****l future and success. If ***** has not been met or if the reality is not as good ***** ***** plan had *****iginally env*****ioned, there may ***** be a problem ***** organization's performance. ***** business plan is the least realistic or reli***** method of ***** success because when a firm steps in the market ***** actually starts performing, it's a whole different ballgame. A firm can also measure success by checking its ***** and goals. If all objectives were met and all ***** achieved, ***** firm can consider itself a ***** and has reasons to be satisfied with its *****.

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Stephanie Carlin, Standardizing Benchmarking ***** Achieve, Results
http://www.sdcexec.com/article_arch.asp?article_id=7350[Accessed 22nd September 2005]

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

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