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Best Practices Only Get You so Far

Posted on April 8, 2010
Kathy AlbaradoWritten by Kathy Albarado | Email author

I found the article in the April 2010 issue of Harvard Business Review, “Best Practices Only Get You So Far”, an interesting read. As HR consultants and practitioners we tend to reference best practices and benchmarking stats quite frequently. However C.K. Prahalad, the Paul and Ruth McCracken Disringuished University Professor of Strategy at University of Michigan’s Ross Scholl of Business, believes companies become winners by spotting big opportunities and inventing ‘next’ practices.

Best practices, C.K. argues, may allow enterprises to catch up with competitors, but it doesn’t turn them into market leaders. C.K. believes organizations become winners by inventing ‘next practices’. Next practices are all about innovation: imagining the future, identifying the mega-opportunities–and building capabilities to capitalize on them. Check out the article in its entirety by clicking here

~Kathy Albarado

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