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


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organizational success

MEASURING ORGANIZATIONAL SUCCESS

***** 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 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 ***** benefits are many, benchmarking may not be able to correctly assess a firm's success bec*****use the st*****ards used may actually be much higher than a small or medium-sized ***** ever hope to achieve. In other words, un***** comparisons may render ***** useless or at least inaccur*****e. Similarly ***** standards may also fail ***** 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 inaccurate ***** of fathering realistic information about your organization. While industry standards do help us determine the quality of a product or service, it ***** ***** restrict the entire industry. "They [*****] can be inflexible and f*****ce producers to make products a cert*****in way when o*****r options are just as good, *****times better, ***** what a st*****ndard dictates." (Pros and cons of st*****ards, 1999) Organizational success may also be measured ***** ***** ***** plan. Business plan is a blueprint of business's potenti*****l future and *****. If it has not been met ***** if the reality is not as good ***** the plan had originally envisioned, there may actually be a problem ***** org*****nization's performance. But business ***** is the least real*****tic or reli***** method ***** measuring success because when a firm steps in the m*****rket and actually starts perf*****ming, it's a whole different ballgame. A firm can also measure success by checking its targets ***** goals. If all objectives were met and all goals achieved, ***** firm can consider itself a success ***** 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 St*****ards" January *****, http://www.supplementquality.com/stdregs/proscons.html[Accessed ***** September

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