Best Practices or Next Practices?




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Best Practices
99
Hannah Davis, USA

Best Practices or Next Practices?

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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2
Aleyda, Cuba
 

Concerning the Benchmarking

Benchmarking is a very potent tool for the improvement of processes, although in fact the competitor... Sign up

 
0
Zumstein Anton
Manager, Switzerland
 

Benchmarking on Best Practices

Benchmarking in general is certainly a valuable tool to find out where you are positioned right now.... Sign up

 
1
amine salah, Morocco
 

Benchmarking must not be Copying

Benchmarking may be very useful when it isn't a simple copy of other's experience. When it's so, it ... Sign up

 
0
CHINELO NWOKORIE
Management Consultant, Nigeria
 

Benchmarking Gingers you Towards Improvement

Benchmarking actually is good practice. Why? Because it keeps gingering you towards improvement and ... Sign up

 
0
A.S. Ismail, Malaysia
 

Benchmarking is Learning Openly

Benchmarking is about learning openly from some else best practices with some improvements to suit y... Sign up

 
1
Catherine Chong, Malaysia
 

Benchmarking is a Basis for Improvement

Benchmarking is needed to ascertain where we are positioned in comparison with our competitors. With... Sign up

 
0
ANNAJULIA HUNGWE
CUSTOMER SERVICES MGR, Zimbabwe
 

Use Benchmarking as a Stepping Stone for Next Practice

To be beneficial, benchmarking should be used as a 'stepping stone' where after, as Hannah Davis say... Sign up

 
0
zakari bukari
Student (University), Denmark
 

Fit Benchmarking into Context

Benchmarking is a good strategy for improving performance, however sometimes it needs modification t... Sign up

 
0
Firstep Eapl Astimen
Manager, Indonesia
 

Benchmarking must Combine External with Internal Know-How

Benchmarking is knowledge acquisition from an external tacit knowledge resource that should be combi... Sign up

 
1
Jan Uriga
HR Consultant, Slovakia
 

Confirming Good or Bad Direction

Benchmarking is a great tool for traditional, conservative and no risk taking companies to confirm t... Sign up

 
0
D P BABU
Strategy Consultant, India
 

Best Practices cannot become Encyclopedia in that Discipline

Best practices are not common tools for operation to each organization. Since strategies link organi... Sign up

 
0
Sia Boon Sen aka David Sia, Singapore
 

Playing to the Tune of the Industry or in the Background

Benchmarking is essential. Just like any other metrics, it should only be held as a guide at best. D... Sign up

 
0
Pius E. Africa, Nigeria
 

Benchmarking Does not Limit Firms

I do agree with Hannah Davis' thought process. However, I have some reservation with C.K. Prahalad's... Sign up

 
0
Daniels
MBA Student, United Kingdom
 

Benchmarking Should not Limit Firms

The key rule is to play the game on your terms not your competitors' terms. So benchmarking is nothi... Sign up

 
1
Krishnan Jagadheeswaran
Turnaround Manager, India
 

Avoid Herding

Benchmarking is good as long as it still differentiates your product from that of your competition. ... Sign up

 
2
Joy Tio
Student (Other), Philippines
 

Benchmarking is for Followers

If you are just content with being the follower in the industry, benchmarking will suffice. Otherwis... Sign up

 
0
Jagdish B Acharya
Consultant, India
 

When and How of Benchmarking

Whenever improvements happen, it is because of some process changes, measurements, comparisons and c... Sign up

 
1
Madan Gopal Agarwal
Business Consultant, India
 

Best Practices or Next Practices?

It is like 'Who came first: Chicken or Egg?' Best practices are those 'known and proven' practices s... Sign up

 
0
venkataramanan
Financial Consultant, United States
 

No Such Thing as a Best Practice

In the current ever changing world there is no best practice. It is only the next improved practice.... Sign up

 
0
Vivek Hattangadi
Management Consultant, India
 

Benchmarking with Other Industries

Remember benchmarking need not be in the same industry. For instance, a pharmaceutical company may b... Sign up

 
0
Wilf Marshall
CxO / Board, United Kingdom
 

Best Practices or Next Practices

By definition best practice can only make an organization as good as anyone else. If that is all tha... Sign up

 
0
elvira v. chua
Teacher, Philippines
 

Benchmarking of Best Practices

Benchmarking is necessary especially if research results are not enough for us to go for a decision;... Sign up

 
0
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 basis for best practice for banks after the crisis... Sign up

 
0
Vinutha Ajay
Student (MBA), United Arab Emirates
 

Best Practice as a Tool

Best practices help in situations when an organization has reached a point wherein it needs to know ... Sign up

 
2
Patricia Dlamini, South Africa
 

Benchmarking and Next Practices

While benchmarking is critical to an organizations as it repositions or claims a position within a p... Sign up

 
1
John, Australia
 

Benchmarking is Basically Comparative

Benchmarking is basically a comparative process. If we find that we are not performing as well as ot... Sign up

 
0
Rebecca Roe
United States
 

Best Practices Vs. Next Practices

Best practices come about after research and development have taken place. Usually at places where t... Sign up

 
1
Tleli Makhetha, South Africa
 

Benchmarking, Lagging and Leading

The benchmark is an indication of current best practice. Lagging organisations can learn how far the... Sign up

 
0
E Saruchera
Finance & Admin Manager, Malawi
 

Continuous Benchmarking helps to Avoid Lagging Behind

Benchmarking is a useful tool that could be utilised by organisations to improve on their process fl... Sign up

 
1
Hassaan Khalid, Pakistan
 

Mix Benchmarking with Next Practices

I guess its a mixture of both. You benchmark to maintain a certain standard. But consumers want va... Sign up

 
1
Tonnis van Dam
Business Consultant, Netherlands
 

Best or Next Practice

Research has shown that organisations that benchmark themselves have higher performance growth that ... Sign up

   

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