Best Practices or Next Practices?

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Best Practices or Next Practices?
Hannah Davis, USA
C.K. Prahalad says best practices take companies only so far. At best they allow firms to catch up with their competitors, but it will not make them market leaders. Prahalad, who is obviously not the biggest fan of benchmarking, advises to look for next practices instead, big problems / breakthrough opportunities. To find next practices, he recommends the following 6 questions:
1. Is the problem widely recognized?
2. Does it affect other industries?
3. Are radical innovations needed?
4. Can a next practice impact the economics of the industry?
5. Can a next practice be a source of competitive advantage?
6. Can a next practice create a big opportunity for our firm?
Source HBR, April 2010.
The article made me wonder: when is benchmarking better, and when are you better off looking for next practices?

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Benchmarking in general is certainly a valuable to...

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amine salah, formateur, Morocco
Benchmarking may be very useful when it isn't a si...

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CHINELO NWOKORIE, Management Consultant, Nigeria
Benchmarking actually is good practice. Why? Becau...

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A.S. Ismail, Consultant, Malaysia
Benchmarking is about learning openly from some el...

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Catherine Chong, Director, Malaysia
Benchmarking is needed to ascertain where we are p...

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zakari bukari, Student (University), Denmark
Benchmarking is a good strategy for improving perf...

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Firstep Eapl Astimen, Manager, Indonesia
Benchmarking is knowledge acquisition from an exte...

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Jan Uriga, HR Consultant, Slovakia
Benchmarking is a great tool for traditional, c...

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D P BABU, Strategy Consultant, India
Best practices are not common tools for operation ...

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Sia Boon Sen aka David Sia, Singapore
Benchmarking is essential. Just like any other met...

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Pius E. Africa, Management Consultant, Nigeria
I do agree with Hannah Davis' thought process. How...

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Daniels, MBA Student, United Kingdom
The key rule is to play the game on your terms not...

Avoid HerdingSign up
Krishnan Jagadheeswaran, Turnaround Manager, India
Benchmarking is good as long as it still different...

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Joy Tio, Student (Other), Philippines
If you are just content with being the follower in...

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Jagdish B Acharya, Consultant, India
Whenever improvements happen, it is because of som...

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Madan Gopal Agarwal, Business Consultant, India
It is like 'Who came first: Chicken or Egg?' Best ...

No Such Thing as a Best PracticeSign up
venkataramanan, Financial Consultant, United States
In the current ever changing world there is no bes...

Benchmarking with Other IndustriesSign up
Vivek Hattangadi, Management Consultant, India
Remember benchmarking need not be in the same indu...

Best Practices or Next PracticesSign up
Wilf Marshall, CxO / Board, United Kingdom
By definition best practice can only make an organ...

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elvira v. chua, Teacher, Philippines
Benchmarking is necessary especially if research r...

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Trynos Chimusimbe, Corporate Financier, Botswana
I wonder if Basel II can still be regarded as t...

Best Practice as a ToolSign up
Vinutha Ajay, Student (MBA), United Arab Emirates
Best practices help in situations when an organiza...

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Patricia Dlamini, CEO, South Africa
While benchmarking is critical to an organizations...

Benchmarking is Basically ComparativeSign up
John, Australia
Benchmarking is basically a comparative process...

Best Practices Vs. Next PracticesSign up
Rebecca Roe, Other, United States
Best practices come about after research and devel...

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Tleli Makhetha, Business Coach, South Africa
The benchmark is an indication of current best pra...

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E Saruchera, Finance & Admin Manager, Malawi
Benchmarking is a useful tool that could be utilis...

Mix Benchmarking with Next PracticesSign up
Hassaan Khalid, Pakistan
I guess its a mixture of both.
You ben...

Best or Next PracticeSign up
Tonnis van Dam, Business Consultant, Netherlands
Research has shown that organisations that benchma...


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