Best practice Guide, Meaning , Facts, Information and Description
In business management, a best practice is a generally accepted “best way of doing a thing”. A best practice is formulated after the study of specific business or organizational case studies to determine the most broadly effective and efficient means of organizing a system or performing a function. Best practices are disseminated through academic studies, popular business management books and through "comparison of notes" between corporations.This term was popularized in professional and business management books starting in the late 1980s, but it remains a catchphrase among managers. One of these books included, "In Search Of Excellence" by business management guru Tom Peters.
The idea behind best practices is to create a specification for what the best methodology is for any given situation. Then, one can compare job performance to these best practices and determine if either the job performance was lacking in quality somehow, or if the specification for best practices needs updating to include the job performance being graded.
The management movement of Best practices might imply that many if not most situations are repeatable and that if we can sufficiently distill a set of experiences, we can predict all or most of the possible scenarios and the way to best handle them.
Best practice may be a euphemism used in corporate management theory to avoid the negative image involved in "copying a competitor's business model". Businesses "adopt" best practices and by describing a particular innovation as a best practice, they avoid the need to attribute the innovation to a competitor. On the other hand, the advent of best practice may be due to an intellectual movement similar to open source to make business models non-proprietary and thus accelerate competition and innovation.
There is some momentum behind good practice as a preferred term, since it does not imply that no further inovation or revision is required.
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