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?
 

 
Concerning the BenchmarkingSign up
Aleyda
Benchmarking is a very potent tool for the improve...
 

 
Benchmarking on Best PracticesSign up
Zumstein Anton, Member
Benchmarking in general is certainly a valuable to...
 

 
Benchmarking must not be CopyingSign up
amine salah, Member
Benchmarking may be very useful when it isn't a si...
 

 
Benchmarking Gingers you Towards ImprovementSign up
CHINELO NWOKORIE, Member
Benchmarking actually is good practice. Why? Becau...
 

 
Benchmarking is Learning OpenlySign up
A.S. Ismail, Member
Benchmarking is about learning openly from some el...
 

 
Benchmarking is a Basis for ImprovementSign up
Catherine Chong, Member
Benchmarking is needed to ascertain where we are p...
 

 
Use Benchmarking as a Stepping Stone for Next PracticeSign up
ANNAJULIA HUNGWE, Member
To be beneficial, benchmarking should be used a...
 

 
Fit Benchmarking into ContextSign up
zakari bukari, Member
Benchmarking is a good strategy for improving perf...
 

 
Benchmarking must Combine External with Internal Know-HowSign up
Firstep Eapl Astimen, Member
Benchmarking is knowledge acquisition from an exte...
 

 
Confirming Good or Bad DirectionSign up
Jan Uriga, Member
Benchmarking is a great tool for traditional, c...
 

 
Best Practices cannot become Encyclopedia in that DisciplineSign up
D P BABU, Member
Best practices are not common tools for operation ...
 

 
Playing to the Tune of the Industry or in the BackgroundSign up
Sia Boon Sen aka David Sia
Benchmarking is essential. Just like any other met...
 

 
Benchmarking Does not Limit FirmsSign up
Pius E. Africa, Member
I do agree with Hannah Davis' thought process. How...
 

 
Benchmarking Should not Limit FirmsSign up
Daniels, Member
The key rule is to play the game on your terms not...
 

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

 
Benchmarking is for FollowersSign up
Joy Tio, Member
If you are just content with being the follower in...
 

 
When and How of BenchmarkingSign up
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...
 

 
Benchmarking with Other IndustriesSign up
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...
 

 
Benchmarking and Next PracticesSign up
Patricia Dlamini, Member
While benchmarking is critical to an organizations...
 

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

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

 
Benchmarking, Lagging and LeadingSign up
Tleli Makhetha, Member
The benchmark is an indication of current best pra...
 

 
Continuous Benchmarking helps to Avoid Lagging BehindSign up
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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