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

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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 ***** actual problems ***** bottlenecks ex*****t. It provides a realistic way of assessing a company's strengths and identifying ********** weaknesses. Chris Gardner, a benchmarking guru, notes: '"Benchmarking takes the 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 ***** useless or at least inaccurate. 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 not only foolish, it is also a highly inaccurate way of fa*****ring 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 ***** when other options are just as good, *****times *****tter, than what a standard dictates." (Pros and cons of *****, 1999) Organizational success may ***** be measured against company's business plan. Business ***** is a blueprint ***** business's potenti*****l future and *****. If ***** has not been met or if the reality is not as good ***** ***** plan had ********** envisioned, there may ***** be a problem ***** org*****nization's performance. ***** business plan is the least real*****tic 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. ***** all objectives were met and ***** ***** achieved, ***** firm can ***** itself a success and has reasons to be satisfied with its *****.


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

Pros and Cons of St*****ards" January *****,[Accessed ***** September


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