Best practices are methods or ways of doing things in business that are either standard (ie an accepted norm) or more effective at delivering results than any other practices. They can be based on self-assessment or benchmarking against other business and industries. They can apply with great success in all business areas.
Following best practices most commonly involves looking at how successful businesses operate and introducing their ways of working into your business. The idea is that with tried and tested processes, you can reach a desired outcome in the most efficient and effective way, often with fewer problems and complications.
A best practice strategy can help you increase sales, develop in new markets, improve quality, grow skills and respond quickly to challenges and changes in your business environment.
This guide explains what is best practice in business and discusses the various best practices in business management, operations management, sales and marketing, human resources, IT and innovation.