Best Practices or Next Practices?

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Benchmarking > Best Practices > Best Practices or Next Practices?

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?
 

   

 
Benchmarking on Best Practices
Zumstein Anton, Manager, Switzerland, Member
 

   

 
Benchmarking Gingers you Towards Improvement
CHINELO NWOKORIE, Management Consultant, Nigeria, Member
 

   

   

 
Use Benchmarking as a Stepping Stone for Next Practice
ANNAJULIA HUNGWE, CUSTOMER SERVICES MGR, Zimbabwe, Member
 

 
Fit Benchmarking into Context
zakari bukari, Student (University), Denmark, Member
 

 
Benchmarking must Combine External with Internal Know-How
Firstep Eapl Astimen, Manager, Indonesia, Member
 

 
Confirming Good or Bad Direction
Jan Uriga, HR Consultant, Slovakia, Member
 

 
Best Practices cannot become Encyclopedia in that Discipline
D P BABU, Strategy Consultant, India, Member
 

   

   

 
Benchmarking Should not Limit Firms
Daniels, MBA Student, United Kingdom, Member
 

 
Avoid Herding
Krishnan Jagadheeswaran, Turnaround Manager, India, Member
 

 
Benchmarking is for Followers
Joy Tio, Student (Other), Philippines, Member
 

 
When and How of Benchmarking
Jagdish B Acharya, Consultant, India, Premium Member
 

 
Best Practices or Next Practices?
Madan Gopal Agarwal, Business Consultant, India, Member
 

 
No Such Thing as a Best Practice
venkataramanan, Financial Consultant, United States, Member
 

 
Benchmarking with Other Industries
Vivek Hattangadi, Management Consultant, India, Member
 

 
Best Practices or Next Practices
Wilf Marshall, CxO / Board, United Kingdom, Member
 

 
Benchmarking of Best Practices
elvira v. chua, Teacher, Philippines, Member
 

 
No More Benchmarking for Global Banks on Basel II
Trynos Chimusimbe, Corporate Financier, Botswana, Member
 

 
Best Practice as a Tool
Vinutha Ajay, Student (MBA), United Arab Emirates, Member
 

   

   

 
Best Practices Vs. Next Practices
Rebecca Roe, United States, Premium Member
 

 
Benchmarking, Lagging and Leading
Tleli Makhetha, Business Coach, South Africa, Member
 

 
Continuous Benchmarking helps to Avoid Lagging Behind
E Saruchera, Finance & Admin Manager, Malawi, Member
 

   

 
Best or Next Practice
Tonnis van Dam, Business Consultant, Netherlands, SIG Leader
 

     

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