demonstrated practices are those processes conducted either inside
or outside of a firm that serve to generate the most value at
the least cost. Worldwide, firms achieve best practices through
process innovation or business process reengineering, setting
the standard for specific processes from quality or cost perspectives.
firm's long-term profitability depends upon not only understanding
the importance of achieving best practices, but on identifying
them specifically within an industry or business model, and acting
Experience in Best Practices
takes a multi-phase approach toward developing a best practice
analysis for you. We first identify and analyze the most important
value-adding activities that the client conducts. If similar processes
are conducted at multiple locations within the firm, we quantify
the key drivers of variability across the firm.
also look outside the firm, and often outside the immediate competitive
circle, to identify best practices that may be applied to our
client's processes. Often, we will construct a strategic mapping
of the client's capabilities within these processes relative to
competitors or a desired position.