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 ***** actual problems ***** bottlenecks ex*****t. It provides a realistic way of assessing a company's strengths and identifying 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 the benefits ***** 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, 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 st*****e in your area is ***** only foolish, it is also a highly inaccurate ***** of fathering realistic information ab***** your organization. While industry standards do help us determine the quality of a product or service, it m*****y 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, sometimes *****tter, ***** what a st*****ard dictates." (Pros and cons of standards, 1999) Organizational ***** may also be me*****ured ***** ***** business plan. Business plan is a blueprint of business's potenti*****l future and success. If it has not been met or if the reality is not as good ***** ***** ***** had originally env*****ioned, there may actually be a problem ***** organization's performance. But business plan is the least realistic or reliable method of measuring success because when a firm ********** in the market ***** ***** starts performing, it's a whole different ballgame. A firm can also measure success by checking its targets and goals. If all objectives were met and all ***** achieved, ***** firm can consider itself a success ***** ***** reasons to be satisfied with its performance.

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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 1999, http://www.supplement*****.com/stdregs/proscons.html[Accessed ***** September

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