Checklist before adoption of Best Practice

"What worked in some other company, may not work in our company". So, before adopting any best practice, following checklist need to be taken care of:-

·         What are the downsides?
*      Before adoption one needs to evaluate the changes required, the possible implications in both best case as well as worst case scenario
·         Is success truly attributable to the benchmark practice?
*      Possibly the other company would have got success because of some other reason and not because of specific practice. Check needs to be there in this scenario too. 
·         Are the conditions similar at your organization?
*      For best practices to be emulated businesses need to have similarities in strategy, business model, market and workforce.

Source:  HBR

Comments

Post a Comment

Popular posts from this blog

Golden Palms, Bangalore

Image
For the past two days, I was in Golden Palms resort to attend a conference. I admit that this resort is a perfect place for business and leisure. It is located in the outskirts of Bangalore away from the hustle & bustle of the city. The fresh air, beautiful lawns, exquisite architecture and landscaping creates an ambience of a perfect paradise. Its luxurious comforts, personalized service, natural beauty, and strategic location make it a worthwhile resort for a visit.
Read more

Marketing - Lesson 2

Image
Customer Value Customer Value or Customer Delivered Value is the difference between Total Customer Value and Total Customer Cost. Customer Value = Product Value + Service Value + Personnel Value + Image Value Total Customer Value is the bundle of benefits that the customers expect from a given product or service. Total Customer Cost is the bundle of costs customers expect to incur in evaluating, obtaining, using and disposing of the product or service. Total Customer Cost = Monetary Cost + Time Cost + Energy Cost + Psychic Cost Customers make their purchases based on Customer Delivered Value or on the basis of value-price ratio. Value – price ratio = Total Customer Value / Total Customer Cost Seller who is at a delivered value disadvantage has two alternatives: ·          Increase Total Customer Value: strengthen product, service, personnel and image benefits ·          Decrease Total Customer Cost: redu...
Read more

Mountain Flight to Himalayas

Image
Nothing compares to the sheer beauty; the Himalayas has to offer. Nepal is the home to the greatest range of mountains in the world and many tourists come to Nepal to see them. However, neither everyone is a trekker / mountaineer nor has the time to walk into the mountains, so what are the options for these tourists to enjoy the highest points on the planet? Mountain flights!!! Taking a mountain flight is one of the most exhilarating things you can do in Nepal. Easily arranged, you can go eye-to-eye with Mt. Everest and world's highest peaks within minutes! The 50 min flight takes off early in the morning (first flight 6 am), and only operates if the weather is good.  Today, I took the one and believe me it was the best thing I ever witnessed.  Although it looked cloudy from the ground, once we rose above the clouds the view was all clear and just breathtaking. Once the flight takes off from Kathmandu, first peak comes is L...
Read more