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 the actual problems and bottlenecks exist. It provides a realistic way of assessing a company's strengths and *****ing *****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 ***** ever hope to achieve. In other words, unrealistic 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 *****a is not only foolish, it is also a highly inaccurate ***** of fathering realistic information ab***** your *****. While industry standards do help us determine the qual*****y of a product or service, it m*****y also restrict the entire industry. "They [standards] 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 *****, 1999) Organizational ***** may also be me*****ured against ***** ***** plan. Business plan is a blueprint ***** business's potenti*****l future and success. If it has not been met or if the reality is not as good ***** ***** plan had originally envisioned, there may ***** be a problem with org*****nization's performance. But business plan is the least realistic or reli***** ***** of ***** success because when a firm steps in the market ***** actually starts perf*****ming, it's a whole different ballgame. A firm can ***** measure success by checking its targets and goals. ***** all objectives were met and all ***** achieved, ***** ***** can consider itself a success and has reasons to be satisfied with its performance.

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Stephanie Carlin, Standardizing Benchmarking to 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 22nd September

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