Those so-called "best practices" could be hurting your business

12/4/2012 | Harvard Business Review online

Some strategies that are considered best practices in your industry might actually be harmful for your company, Freek Vermeulen of the London Business School writes. In some cases, these practices might yield a short-term benefit while hurting your business in the long run; often managers implement these strategies simply because their competitors already have. "Often, these are practices that most firms in their line of business have been following for many years, leading people in the industry to assume that it is simply the best way of doing things," Vermeulen writes.

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