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 helps the firm identify where the actual problems and bottlenecks exist. It provides a realistic way of assessing a company's strengths and identifying *****s 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 are 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 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 store in your area is not only fool*****h, it is also a highly inaccurate ***** of fathering realistic information about your organization. While industry standards do help us determine the qual*****y 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 o*****r options are just as good, *****times better, than what a st*****ard dictates." (Pros and cons of standards, 1999) Organizational ***** may also be me*****ured against company's business plan. Business plan is a blueprint of business's potenti*****l future and success. If it has not been met ***** if the reality is not as good as ***** plan had originally envisioned, there may ***** be a problem ***** organization's performance. But business plan is the least real*****tic or reliable ***** of measuring success because when a firm steps in the m*****rket ***** actually starts perf*****ming, it's a whole different ballgame. A firm can ***** measure success by checking its ***** and goals. ***** all objectives were met and all goals achieved, the firm can consider itself a ***** and has 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.supplementquality.com/stdregs/proscons.html[Accessed ***** September

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