Best Practices or Next Practices?

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Best Practices or Next Practices?
Hannah Davis
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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Catherine Chong, Member
Benchmarking is needed to ascertain where we are p...

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zakari bukari, Member
Benchmarking is a good strategy for improving perf...

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

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Jan Uriga, Member
Benchmarking is a great tool for traditional, c...

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D P BABU, Member
Best practices are not common tools for operation ...

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

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Pius E. Africa, Member
I do agree with Hannah Davis' thought process. How...

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Daniels, Member
The key rule is to play the game on your terms not...

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Krishnan Jagadheeswaran, Member
Benchmarking is good as long as it still different...

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Joy Tio, Member
If you are just content with being the follower in...

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Jagdish B Acharya, Premium Member
Whenever improvements happen, it is because of som...

Best Practices or Next Practices?Sign up
Madan Gopal Agarwal, Member
It is like 'Who came first: Chicken or Egg?' Best ...

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

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Vivek Hattangadi, Member
Remember benchmarking need not be in the same indu...

Best Practices or Next PracticesSign up
Wilf Marshall, Member
By definition best practice can only make an organ...

Benchmarking of Best PracticesSign up
elvira v. chua, Member
Benchmarking is necessary especially if research r...

No More Benchmarking for Global Banks on Basel IISign up
Trynos Chimusimbe, Member
I wonder if Basel II can still be regarded as t...

Best Practice as a ToolSign up
Vinutha Ajay, Member
Best practices help in situations when an organiza...

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Patricia Dlamini, Member
While benchmarking is critical to an organizations...

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Benchmarking is basically a comparative process...

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Rebecca Roe, Member
Best practices come about after research and devel...

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Tleli Makhetha, Member
The benchmark is an indication of current best pra...

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E Saruchera, Member
Benchmarking is a useful tool that could be utilis...

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

Best or Next PracticeSign up
Tonnis van Dam, SIG Leader
Research has shown that organisations that benchma...


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