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? (...) Read more? Sign up for free

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  Concerning the Benchmarking
Aleyda
  (...)

  Benchmarking on Best Practices
Zumstein Anton, Manager, Switzerland, Member
  (...)

  Benchmarking must not be Copying
amine salah
  (...)

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

  Benchmarking is Learning Openly
A.S. Ismail
  (...)

  Benchmarking is a Basis for Improvement
Catherine Chong
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  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
  (...)

  Playing to the Tune of the Industry or in the Background
Sia Boon Sen aka David Sia
  (...)

  Benchmarking Does not Limit Firms
Pius E. Africa
  (...)

  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, 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
  (...)

  Benchmarking and Next Practices
Patricia Dlamini
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  Best Practices Vs. Next Practices
Rebecca Roe, United States, Member
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  Benchmarking, Lagging and Leading
Tleli Makhetha
  (...)

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

  Mix Benchmarking with Next Practices
Hassaan Khalid
  (...)

  Best or Next Practice
Tonnis van Dam, Business Consultant, Netherlands, Member
  (...)

   
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Benchmarking
Summary
Forum
Benchmarking Graphics
Benchmarking Approaches
🔥History of Benchmarking
Best Practices
🥇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
The Role of Benchmarking in Production vs. Quality
Upgrade to ISO9001:2015 from ISO9001:2008
Benchmark in Value Chain Analysis
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 in Sailing
Benchmarking is a Reference Point


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