By,

Swathi R Krishnan

CORNERSTONE INDIA
 Flow of the
Presentation
 Introduction
 What is Best Practice
 Sources for Best Practice
Model
 A 10 step approach
 Example
 Misconceptions about Best
Practice
 Top Ten Best Practice
Fundamentals CORNERSTONE INDIA
What is it and how do
we implement it.

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 What is “Best Practice”
What is “Best Practice” ?
“The Best Practice approach is
simply the combination of activities that
is most likely to cause you to achieve
your objectives, in the current
circumstances”
circumstances
That’s It

Best practice approach says that if we do certain

activities in a certain way, you have a better
chance of achieving your objective
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 Sources for Best
Practice Model
There are three sources to develop the
model
I. Within the Organization

II. Outside the

Organization

III. First Principle

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 developing best
practice within our
Organization
Step 1 Define Success
Step 2 Identify top performance
Step 3 Define the best practice activity
Step 4 Define success drivers (Measures)
Step 5 Synthesise the best practice model
Step 6 Sense check the model
Step 7 Build the detail for the Best practice model
Step 8 Implement the best practice model
Step 9 Measure the results
Step 10 Revise the model in the light of new
learning and experience
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Search Process ( One of
the best way )
 Step 1: Define Objectives and
Specifications
Ensure understanding of client's business and culture
Obtain client consensus on position's scope and
responsibilities, compensation package, reporting
relationships and profile of the desired executive
Develop the search plan Review and get feedback on
the search plan with client
 Step 2: Identify and Assess Candidates
Identify and confirm target sources using proprietary
database and network of contacts Identify
candidates, including internal ones as appropriate
Screen and evaluate candidates Narrow list of
candidates PrepareCORNERSTONE
background profiles Review
INDIA
Search Process ( One of
the best way )
 Step 3: Interviews
Facilitate client interviews of candidate Obtain
feedback from client and candidate Conduct
reference checks Prepare detailed profiles and
evaluation reports on each candidate's strengths and
weaknesses Select finalists to be interviewed
Feedback from client and candidates
 Step 4: Select Executive
Conduct finalist interviews Negotiate salary and
benefits Feedback
 Step 5: Follow Up
Ensure smooth transition and assimilation for executive
Ensure client satisfaction Feedback
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Misconceptions about
Best Practice
1. Everyone will be able to operate at the
‘ Best Practice ’ level.

Most of us think that the Best

Practice initiative will result in every member
of the organization Miraculously being able
to perform at the highest.

This is not true. But implementing the Best

Practice Model will help the overall
Performance rise.
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Misconceptions about
Best Practice
1. Best practice is vested in a single
person, group or a company.
There is no one ‘Best’ way

Today’s Success is tomorrow’s failure

Our current top performers may not

represent the ultimate best practice. They
just have found more of Best Practice
techniques than the average performers.
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Misconceptions about
Best Practice
1. Best Practice Model Never Changes

When we change the

situation the model also has to be
changed to suit the situation.

“Change is our only Certainty”

We have to Expect, Welcome and

Embrace ‘Change’
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Top Ten Best Practice
Fundamentals
1) Best Practice must be defined
2) Best Practice must be measurable and
measured
3) Implementing best practice does not
guarantee success
4) There is no single best practice person or a
company
5) Success today does not guarantee success
tomorrow
6) Talking is not the same as doing
7) Having is not the same as using
8) Best Practice isCORNERSTONE
not fixedINDIA
 Why does it go wrong
 Failing to explain the reasons for the
initiative
 No common agreement about the objective
and/or the success drivers
 Fear of Change and the implications of
change
 Fear of short-term commercial loss
 Not winning the hearts and minds of the
middle managers
 The new process is not sufficiently clear
and detailed
 Lack of real support and follow through
from the senior management
CORNERSTONE INDIA team
CORNERSTONE INDIA
 answer
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