Best practice in business
Best practice is a way of doing things in business in the most effective way. Best practice can be applied in all business areas. It can also be based on either self-assessment or benchmarking against other business and industries.
Typically, following best practices 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.
This guide explains what is best practice in business and how to apply it in different areas of your business, such as business management, operations management, sales and marketing, human resources, IT and innovation.