Best Practices or Next Practices?

Knowledge Center


Best Practices
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?


Aleyda, Cuba

Concerning the Benchmarking

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

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

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

Management Consultant, Nigeria

Benchmarking Gingers you Towards Improvement

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

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

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


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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


More on Benchmarking:
Discussion Topics
🥇 Benchmarking Notes of Caution
👀Best Practices or Next Practices?
🥈 Benchmarking for Monopolies?
🥉 Conditions for Successful Benchmarking
Benchmarking is One Source of Progress
Airlines Benchmarking
Hospital Benchmarking
Japanese Benchmarking: DANTOTSU
Benchmarking and Quality (ISO 9001)
Advantages Generic Benchmarking
Benchmarking Quotes and Proverbs
Benchmarking Graphics
The Role of Benchmarking in Production vs. Quality
Upgrade to ISO9001:2015 from ISO9001:2008
Benchmark in Value Chain Analysis
🔥 History of Benchmarking
How should I put together a Peer Group?
IT Process Cycle Efficiency Benchmark
The Benefits of Benchmarking
Websites Offering Benchmark Information
What is Benchlearning?
Benchmarking Approaches
Benchmarking in Sailing
Benchmarking is a Reference Point
Special Interest Group

Do you know a lot about Benchmarking? Become our SIG Leader

Knowledge Center

About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2023 12manage - The Executive Fast Track. V16.1 - Last updated: 30-5-2023. All names of their owners.