best practice


Also found in: Dictionary, Financial, Acronyms, Encyclopedia, Wikipedia.

best practice

A UK term of art referring to a process or method that represents the most effective way of achieving a specific objective, or which has been proven to work well and produce good results, and is thus recommended as a model. Most best practice programmes combine two key and complementary elements: explicit knowledge, such as a best practices database (connecting people with information), and methods for sharing tacit knowledge, such as communities of practice (connecting people with people).
References in periodicals archive ?
Frost & Sullivan congratulates all the recipients of the 2019 Asia-Pacific Best Practices Awards.
Developing a risk management strategy involves many unique factors and a good deal of decision-maker input, and best practices may not fit into the equation.
The cost of a 15 cent washer was marked up to $2 but using a LSS best practice of value stream mapping we determined the true cost of the part to the company was around $18 when accounting for labor, packing, shipping and handling.
John Keskula, subrogation manager at Chesapeake Employers Insurance Company adds, "By publishing best practices, you invite scrutiny as well as Monday morning quarterbacking."
Best Practice 6: Leadership Academies to Nurture Leadership Talent acknowledging the competency age, companies today seek customized leadership academies to nurture talent from first level to senior officers.
Of late, the business world in general has been somewhat obsessed with the notion of best practices. It has gained official bandwagon status, but the substance behind the notion is questionable.
* Only half of the firms indicated that they followed Best Practice 2.1, which calls for confirming client objectives in writing.
"To achieve this we need skilled procurement professionals, recognise and reward best practice, ensure best practice travels and we need leaders across the public sector to understand the important role procurement plays.
The concept of best practice seems the height of common sense.
Best practice; bringing standards to life in America's classrooms, 4th ed.
Once the suppliers are selected, the best practice programs begin by reviewing key data such as spend data, supplier capacity, quality data, commodity trends, lead times, on-time delivery, and payment terms.

Full browser ?