Best Practices or Next Practices?

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Benchmarking > Best 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? (...) Read more? Sign up for free

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  Aleyda
 

Concerning the Benchmarking

Benchmarking is a very potent tool for the improve (...)

  Zumstein Anton, Manager, Switzerland
 

Benchmarking on Best Practices

Benchmarking in general is certainly a valuable to (...)

  amine salah
 

Benchmarking must not be Copying

Benchmarking may be very useful when it isn't a si (...)

  CHINELO NWOKORIE, Management Consultant, Nigeria
 

Benchmarking Gingers you Towards Improvement

Benchmarking actually is good practice. Why? Becau (...)

  A.S. Ismail
 

Benchmarking is Learning Openly

Benchmarking is about learning openly from some el (...)

  Catherine Chong
 

Benchmarking is a Basis for Improvement

Benchmarking is needed to ascertain where we are p (...)

  ANNAJULIA HUNGWE, CUSTOMER SERVICES MGR, Zimbabwe
 

Use Benchmarking as a Stepping Stone for Next Practice

To be beneficial, benchmarking should be used as a (...)

  zakari bukari, Student (University), Denmark
 

Fit Benchmarking into Context

Benchmarking is a good strategy for improving perf (...)

  Firstep Eapl Astimen, Manager, Indonesia
 

Benchmarking must Combine External with Internal Know-How

Benchmarking is knowledge acquisition from an exte (...)

  Jan Uriga, HR Consultant, Slovakia
 

Confirming Good or Bad Direction

Benchmarking is a great tool for traditional, cons (...)

  D P BABU, Strategy Consultant, India
 

Best Practices cannot become Encyclopedia in that Discipline

Best practices are not common tools for operation (...)

  Sia Boon Sen aka David Sia
 

Playing to the Tune of the Industry or in the Background

Benchmarking is essential. Just like any other met (...)

  Pius E. Africa
 

Benchmarking Does not Limit Firms

I do agree with Hannah Davis' thought process. How (...)

  Daniels, MBA Student, United Kingdom
 

Benchmarking Should not Limit Firms

The key rule is to play the game on your terms not (...)

  Krishnan Jagadheeswaran, Turnaround Manager, India
 

Avoid Herding

Benchmarking is good as long as it still different (...)

  Joy Tio, Student (Other), Philippines
 

Benchmarking is for Followers

If you are just content with being the follower in (...)

  Jagdish B Acharya, Consultant, India
 

When and How of Benchmarking

Whenever improvements happen, it is because of som (...)

  Madan Gopal Agarwal, Business Consultant, India
 

Best Practices or Next Practices?

It is like 'Who came first: Chicken or Egg?' Best (...)

  venkataramanan, Financial Consultant, United States
 

No Such Thing as a Best Practice

In the current ever changing world there is no bes (...)

  Vivek Hattangadi, Management Consultant, India
 

Benchmarking with Other Industries

Remember benchmarking need not be in the same indu (...)

  Wilf Marshall, CxO / Board, United Kingdom
 

Best Practices or Next Practices

By definition best practice can only make an organ (...)

  elvira v. chua, Teacher, Philippines
 

Benchmarking of Best Practices

Benchmarking is necessary especially if research r (...)

  Trynos Chimusimbe, Corporate Financier, Botswana
 

No More Benchmarking for Global Banks on Basel II

I wonder if Basel II can still be regarded as the (...)

  Vinutha Ajay, Student (MBA), United Arab Emirates
 

Best Practice as a Tool

Best practices help in situations when an organiza (...)

  Patricia Dlamini
 

Benchmarking and Next Practices

While benchmarking is critical to an organizations (...)

  John
 

Benchmarking is Basically Comparative

Benchmarking is basically a comparative process. I (...)

  Rebecca Roe, United States
 

Best Practices Vs. Next Practices

Best practices come about after research and devel (...)

  Tleli Makhetha
 

Benchmarking, Lagging and Leading

The benchmark is an indication of current best pra (...)

  E Saruchera, Finance & Admin Manager, Malawi
 

Continuous Benchmarking helps to Avoid Lagging Behind

Benchmarking is a useful tool that could be utilis (...)

  Hassaan Khalid
 

Mix Benchmarking with Next Practices

I guess its a mixture of both. You benchmark to m (...)

  Tonnis van Dam, Business Consultant, Netherlands
 

Best or Next Practice

Research has shown that organisations that benchma (...)

 
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