Traditionally management consulting professionals would import best practices from various industries and replicate in others in order to create a semblance of consistency and scale. Now that most of them are tasked with driving digital transformation, the concept of best practices of best practices needs to undergo a revision. This is because the rapid evolution of technological upgrades means that it is not possible to stick to single practices for more than a certain time period. Business innovation is now a combination of imagination and experience. Personal experience is no longer enough as one needs to get constantly updated to the latest, often disruptive trends in business. Consultants now need to be able to offer a wide range of services at each level of the value chain. One-size-fits-all tendencies no longer yield the results, so tailored solutions need to be devised.

Source:https://www.strategy-business.com/blog/Best-Practices-Are-Dead?gko=212eb

Uploaded Date:16 November 2017