Learn from best practices in other industries from "summary" of Reengineering the Corporation by Michael Hammer,James Champy
To succeed in reengineering, companies must look beyond their own industry for inspiration. They must learn from the best practices of other industries and adapt them to their own context. This requires a willingness to step outside of familiar territory and explore new ways of doing things. By studying the successes of other industries, companies can gain valuable insights into how to improve their own processes. They can identify innovative approaches that have proven effective in different contexts and consider how these ideas could be applied to their own operations. This cross-pollination of ideas can lead to breakthroughs that might not have been possible if companies had only looked within their own industry for solutions. Moreover, learning from other industries can help companies avoid the trap of "industry myopia." This occurs when companies become so focused on their own industry that they fail to see the bigger picture. By looking outside of their industry, companies can gain a fresh perspective and challenge their existing assumptions. This can lead to new ideas and approaches that can drive significant improvements in performance.- The concept of learning from best practices in other industries is about being open-minded and curious. It's about recognizing that there is wisdom to be found beyond the boundaries of one's own industry and being willing to explore new ideas and ways of working. Companies that embrace this mindset are more likely to thrive in today's rapidly changing business environment.
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