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


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organizational success

MEASURING ORGANIZATIONAL SUCCESS

Organizational ***** 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 ***** bottlenecks ex*****t. It provides a re*****listic way of assessing a company's strengths and *****ing its weaknesses. Chris Gardner, a benchm*****rking guru, notes: '"Benchmarking takes the guesswork out of how an organization is doing performance-wise and provides realistic improvement targets," (Carlin). But while the benef***** are many, benchmarking may not be able to correctly assess a firm's success because the standards used may actually be much higher than a small or medium-sized can ever hope to achieve. In o*****r words, un***** comparisons may render ***** useless or at least inaccur*****e. Similarly industry 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 *****a is not only foolish, it is also a highly inaccurate way of fathering realistic information ab***** ***** organization. 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 f*****ce producers to make products a cert*****in way when o*****r options are just as good, sometimes better, than what a st*****ard dictates." (Pros and cons of standards, 1999) Organizational ***** may also be measured against ***** ***** plan. Business ***** is a blueprint ***** business's potential future and success. If ***** has not been met ***** if the reality is not as good as the plan had originally env*****ioned, there may actually be a problem with org*****nization's performance. But business plan is the least realistic or reliable ***** of ***** success because when a firm steps in the m*****rket ***** actually starts performing, it's a whole different ballgame. A firm can also measure success by checking its ***** and goals. If all objectives were met and all goals achieved, ***** ***** can ***** itself a ***** ***** ***** reasons to be satisfied ***** 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 22nd September

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