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How benchmarking best practice can hurt you

How benchmarking best practice can hurt you In this article and related podcast, we discuss the problem of benchmarking best practice, which is also sometimes referred to as benchmarking analysis or benchmarking best practices. We previously discussed case studies, value chain analysis and industry analysis on a consulting study. And for most consultants and executives looking at case studies, the inherent idea is that they want to look at best practices within the case studies. You do all those things above to extract best practices. And you will notice in the Corporate Strategy & Transformation study there is no stream, there is no piece of work, there is nowhere on the huge 887-step map for this study where we talk about best practices. And there is a reason for that. It is deliberate. What do we mean by benchmarking best practice? If you really think about best practices, they are by their very nature, by their very definition, methods, techniques, ideas, tools and/or processes that are used by other companies. That is what it means. It is really taking the best from someone else. A company learning best practices is taking what is the best or what they think is the best of other companies and when they do that they are automatically assuming that they are not so…

How benchmarking best practice can hurt you In this article and related podcast, we discuss the problem of benchmarking best practice, which is also sometimes referred to as benchmarking analysis or benchmarking best practices. We previously discussed case studies, value chain analysis and industry analysis on a consulting study. And for most consultants and executives looking at case studies, the inherent idea is that they want to look at best practices within the case studies. You do all those things above to extract best practices. And you will notice in the Corporate Strategy & Transformation study there is no stream, there is no piece of work, there is…

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