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?


Benchmarking on Best Practices
Zumstein Anton, Manager, Switzerland, Member


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



Use Benchmarking as a Stepping Stone for Next Practice

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



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, Premium 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



Best Practices Vs. Next Practices
Rebecca Roe, United States, Premium Member

Benchmarking, Lagging and Leading
Tleli Makhetha, Business Coach, South Africa, Member

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


Best or Next Practice
Tonnis van Dam, Business Consultant, Netherlands, SIG Leader


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Special Interest Group Leader
Tonnis van Dam
Business Consultant

Best Practices

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