Every business comes to a point where it has to grow and adapt to new circumstances. Marketers all around the world experiment with different practices in a variety of ways to see which process works best for them.
In order to sustain your growth and adaptation, you need to evaluate and compare your operations with successful organizations and then employ ‘the best practices’ in your business to stand out.
Introducing best practices is one thing and sharing these best practices is another. Sharing best practices is an effective way to improve the performance by repeating the best practices in an organization.
Theoretically, you must recognize the best practices and roll the dice across your company to elevate every employee’s potential performance level in order to adhere to continuous improvement.
Interestingly, recognizing and sharing the best practices in real-time can pose a constant challenge, even for corporate conglomerates.
So, is sharing best practices for manufacturing companies worth it?
Here’s an example of how sharing practices can influence a company’s improvement.
A Fortune 500 company, named Johnson Controls Inc. (JCI), with more than 170,000 employees around the world produced more than 35 million dollars in hard savings after sharing more than about 1,000 best practices.
Although sharing internal best practices can be the finest way to tune your company in sync, here are some more benefits it offers:
Sharing best practices helps you improve your sales and aids you in developing new markets. Moreover, it raises the overall quality of the services you offer.
As you progress, sharing these practices can help you enter the competitive rink. Furthermore, it also minimizes your chances of odds and gives you that competitive edge.
When you’re sharing your best practices at work, you can avoid redundancy and repetition of effort. This way, you reduce costs and efficiently avoid reinventing the wheel.
You know how efficient your workforce is, but you’ll gradually notice a wave of improvement in your workforce’s skills when you start sharing best practices at work.
Sharing keeps the employees and workers updated and it helps them implement the missing elements in their practices.
An organization can identify and share the best practices by following these key steps:
The developers of best practices can also design and carry out a plan to share internal best practices with the potential employees who can benefit from it.
Organizations require a tool for sharing best practices. Tools such as knowledge sharing platforms can facilitate, knowledge sharing among employees. Knowledge sharing platforms are web-based platforms that help organizations with content sharing and content management. Knowledge sharing tools create a centralized resource library of useful material for employees to access at the time of need.
Assigning a best practice team to establish regular processes to identify and analyze internal accomplishments. For example, the team can provide an after-practice review of an accomplished project.
An organization can identify the best practices by viewing the best practice sharing strategies of successful companies. By validating and documenting the best practices, the employees of an organization can be directed to communicate with the developers and experienced personnel in order to learn.
This last step helps the organizations distribute and apply best practices in their own environment, by actively pushing useful learning content to employees. Ensuring that has been delivered in an engaging way, and will remain accessible whenever employees need it.
Sharing internal best practices can be the best compliment to many other approaches that are aimed at recognizing and solving problems. More can be accomplished if organizations employ a systematic approach to identify and share the practices that work best for them.