Question

In comparison to relying on models, what are the key cons (caveats) of relying on other companies' best practices?

Answer 1

The main disadvantages of relying on the models of other companies are stated below=

The organization may not find these practices suitable for itself as it may have different types of resources, capabilities, expertise, processes, target market, operational efficiency.

Those processes may be company-specific and not the generalized processes that can be applied to every firm as in the case of models that are standard.

The vision and objectives of implementing those practices may be different from that of the organization so the desired results may not be obtained

It is not important that the practices which are successful in one firm are also successful in others so it may result in loss of resources.

The processes may not be fitting to the culture of the organization and this may result in poor efficiency of the manpower or decreased morale