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

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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 ***** bottlenecks exist. It provides a re*****listic way of assessing a company's strengths and identifying its weaknesses. Chris Gardner, a benchm*****rking guru, notes: '"Benchmarking takes ***** 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 bec*****use ***** st*****ards 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 inaccur*****e. Similarly ***** standards may also fail to consider a firm's size or its scope of operation when ***** it against industry's giants. Comparing Wal-Mart to the grocery st*****e in your area is not only foolish, it is also a highly inaccurate way of fathering realistic information ab***** your *****. While industry standards do help us determine the quality of a product or service, it ***** *****lso restrict the entire industry. "They [*****] can be inflexible and force producers to make products a certain ***** when other options are just as good, *****times better, than what a standard dictates." (Pros and cons of st*****ards, 1999) Organizational ***** may also be me*****ured ***** company's business plan. Business ***** is a blueprint ***** business's potential future and success. If it has not been met or if the reality is not as good ***** the plan had originally envisioned, there may ***** be a problem ***** organization's performance. ***** business plan is the least real*****tic or reliable method 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. If all objectives were met and ***** goals achieved, ***** firm can consider itself a ***** and has reasons to be satisfied with its performance.


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

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


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