BestPrax Club
Challenge the Best, Leap to the Next
A Qimpro Initiative
Strategic Partners
Global Benchmarking Network,
Germany
BPIR, New Zealand
Directors
Suresh Lulla
Founder & Consultant-Quality
Nelum Gidwani
Consultant-Finance
Walter Vieira
Consultant-Marketing
Homi Bhabha
Industrialist
Contact
Amit Kallianpur, Business Leader
BestPrax Club Pvt. Ltd.
4B Sindhu House
Nanabhai Lane, Fort
Mumbai 400 001, India
Phone: (91-22) 6634 8704
Fax: (91-22) 2204 4421
Email: info@bestpraxclub.com
www.bestpraxclub.com
BAROMETER - A tool for Good Governance
Without a meaningful mission, an organization has no purpose.
Without effective implementation of that mission, an organization fails.
Good governance is essential for both a meaningful mission and its effective
implementation.
The widely publicized failures and bad governance practices of some organizations
have caught the attention of the Indian government, regulatory bodies, business
community, and public at large. This has resulted in the formalization of new
standards of compliance, procedures, and disclosures with corresponding penalties
for failure to comply. Their ultimate objective is to set a higher standard of
accountability for the leadership of the governing boards of organizations.
These new standards and expectations of performance require boards to be aware
of Best Practices, have a better understanding of their role in reviewing,
approving, evaluating and, where needed, supporting the actions and decisions of
the CEO. The future will require more commitment, competency, and time on
behalf of board members. In time, governing boards could even be asked to
demonstrate (i.e. measure and disclose) whether the organization is being
effective in fulfilling its mission, and whether the board is effective in its
oversight responsibility.
Effectively speaking, Business Governance is an amalgamation of:
1. Leadership Governance
2. Management Governance
3. Operations Governance
Where And How Does One Start?
The BestPrax Barometer. The BestPrax Barometer is a series of 12 self-assessment
e-tools to measure the quality of implementation of Best Practices for business
governance. The 12 independent self-assessment tools address the following
management categories:
1. Leadership
2. Strategic Planning
3. Customer and Market Focus
4. Measurement, Analysis, and Knowledge Management
5. Cost of Poor Quality
6. Human Resource Focus
7. Value Creation Processes
8. Support Processes
9. Supplier and Partner Focus
10. Improvement and Innovation
11. Internal Quality Audits
12. Business Results
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 Each management category addresses 10 to 15 Best Practices. (Click for 135 Best
Practices)

Does One Need To Work With All E-Tools?

The answer is “No”. The BestPrax e-tools can be used in any combination
appropriate for the organization. The following is a suggested selection guide:

Management
Governance

Governance

Governance

Governance
Leadership

Operations

Business
M A N A G E M E N T
C A T E G O R Y

1. Leadership 9 9

2. Strategic Planning 9 9

3. Customer and Market Focus 9 9

4. Measurement, Analysis, and Knowledge Management 9 9

5. Cost of Poor Quality 9 9

6. Human Resource Focus 9 9

7. Value Creation Processes 9 9

8. Support Processes 9 9
Related Services
9. Supplier and Partner Focus 9 9
ƒ Knowledge Base
10. Improvement and Innovation 9 9
Full access to more than
1,000,000 articles that 11. Internal Quality Audits 9 9
support performance
excellence and business 12. Business Results 9 9 9 9
governance

ƒ Creativity Labs What Does One Receive Per Self-Assessment?

To generate a flood of The deliverables per self-assessment per management category are:
ideas, and harvest the
same for innovation of 1. Up to 100 BestPrax Barometer logins for appropriate leaders, managers, and
management practices supervisors to conduct a confidential, comprehensive self-assessment of the
organization, in flexible hours. (Additional logins are available on request).
ƒ Roundtables
2. A Feedback Report that presents (click for sample Feedback Report):
Expert discussions on
business excellence 2.1. Methodology for scoring
topics, perceived to be 2.2. Score for each Best Practice
“grey”
2.3. Overall score for the management category
ƒ Cost Benchmarking Tool
2.4. Perceived noteworthy practices
A useful resource to
aggregate, and 2.5. Perceived laggard practices
benchmark the wasteful 2.6. Prioritization of practices requiring improvement
costs in your organization
2.7. Select case studies from the BestPrax Knowledge Base (supporting 2.6
ƒ Community above), to facilitate implementation.
An open, online
3. Membership to all leaders, managers, and supervisors (selected in point 1 above)
community for sharing
to the BestPrax Community, an e-forum for sharing and growing Best Practices.
and growing best practices

ƒ Blog What Kind Of Budget Is One Looking At?

An open space for growing
subtle dimensions of ƒ INR 10,000 per self-assessment per management category.
business practices
ƒ INR 1,00,000 for a set of 12 self-assessments.

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