Posted by: ACI Editor | May 14, 2007

If you want to innovate, stop benchmarking

If you want to innovate, stop benchmarking. Benchmarking means that you’re looking at best practices from other companies [for example, your competitors] to see if its appropriate to make those practices your own. If you want to innovate, to make great leaps forward, stop benchmarking and focus on continuous improvement. Benchmarking puts limits on what you can accomplish or hope to accomplish. Instead, stop benchmarking and think big. 

If you’re benchmarking you will only be as good or a little better than your competitor [if you're lucky]. Forget it. Focus on making the customer experience remarkable from start to finish, from every interaction point in your company and focus on continuous improvement. Create your own standards, your own best practices and others will try to follow.

Responses

Great point. I also find Companies spend far too much time accounting for the past, be it marketing, finance, Sales or any other department. If as much effort and time was invested in innovating and driving forward the business I’m sure the results they looked back on would be far more impressive. And hey things don’t work sometimes and bad results do happen but that’s ok. Celebrate the failures and learn from them, it will make a much better company. Feel the fear and do it anyway.

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