BNET Business Dictionary

Business Definition for: Best Practice

  • the most effective and efficient method of achieving any objective or task. What constitutes best practice can be determined through a process of benchmarking. An organization can move toward achieving best practice, either across the whole organization or in a specific area, through continuous improvement. In production-based organizations, world class manufacturing is a related concept. More generally, a market or sector leader may be described as best-in-class.

Wiktionary Definition for: Best Practice

  • #A well defined procedure that is known to produce near-optimum results

Additional Resources

The IRS Announces Short Listed Companies for the 2007 IR Best Practice Awards.
LONDON, March 19 /PRNewswire/ -- The Investor Relations Society is delighted to announce the short list for the 2007 IR Best Practice Awards. The awards recognise those companies that lead the way in best practice investor communication by provid LONDON, March 19...
Tags: Internal Revenue Service
Research articles 2007-03-19
Intec Systems offers total interconnect business solution with introduction of Best Practice framework.
M2 PRESSWIRE-26 May 2000-INTEC SYSTEMS: Intec Systems offers total interconnect business solution with introduction of Best Practice framework C1994-2000 M2 COMMUNICATIONS LTD RDATE:26052000 -- Best Practice framework draws on experience gained from 60 interconnect implementations world-wide ...
Tags: Intec Inc.
Research articles 2000-05-26
Searching The Best Practice Model Of New Product Development
This paper describes an investigation into the New Product Development NPD practices of successful Small and Medium Industry SMI manufacturers and consultancies in Malaysia and the UK. The aim was to identify best practice in the NPD process for comparison across the two countries. The investigation focused on the factors:...
Tags: New Product Development, Best Practice, Universiti Teknologi MARA, Product Marketing, Marketing
White papers 2003-08-29
Best Practice In Internal Oversight Of Lobbying Practice
This paper makes a case for rapid adoption of best practices in corporate governance of corporate lobbying activities. Best practice requires oversight and approval of significant lobbying activities, expenditures and positions by a standing board committee of independent directors. Leading companies on this issue have recognized that lobbying on public...
Tags: Board, Best Practice, Corporate Governance, Business Operations, Corporate Law
White papers 2006-09-01
News: Aon sets up best practice governance tool.
Aon Consulting has set up a governance tool to help companies and trustees tackle the complexity of complying with best practice. Aon Consulting has set up a governance tool to help companies and trustees tackle the complexity of complying with best practice.
Tags: Aon Corp., best practice, tool
Research articles 2005-10-17
'Best practice' comes indoors
Neither lightning nor rain could stop the Air Force football team from delivering "maybe our best practice." The storm shifted the practice Tuesday afternoon to the Cadet Field House indoor turf, but at least Air Force coach Fisher DeBerry was pleased enough to make that comment....
Tags: Air Force, Games
Research articles 2001-08-22
ISF promotes information security best practice at inaugural HCT-MIT Global Entrepreneurship Conference in Dubai; Presentation launches UAE and Middle East partnership with CERT.
M2 PRESSWIRE-5 May 2004-Information Security Forum: ISF promotes information security best practice at inaugural HCT-MIT Global Entrepreneurship Conference in Dubai; Presentation launches UAE and Middle East partnership with CERTC1994-2004 M2 COMMUNICATIONS LTD RDATE:05052004 Alan Stanley, head of the Information Security Forum...
Tags: CERT, partnership, SECURITY, U.A.E.
Research articles 2004-05-05
TeleCity wins 2005 Aberdeen Group Network & Infrastructure Security Award; TeleCity wins 2005 Aberdeen Group Award for Best Practice in Network and Infrastructure Security.
M2 PRESSWIRE-23 August 2005-TELECITY: TeleCity wins 2005 Aberdeen Group Network & Infrastructure Security Award; TeleCity wins 2005 Aberdeen Group Award for Best Practice in Network and Infrastructure SecurityC1994-2005 M2 COMMUNICATIONS LTD RDATE:23082005 London - TeleCity (LSE: TCY), the leading European provider...
Tags: Aberdeen Group Inc., network, NETWORKING, SECURITY
Research articles 2005-08-23
Aberdeen Group selects two Ariba customers as "Best Practice" Leaders for Excellence in Spending Analysis; Limited Brands and PPG Industries are recognized as Spend Management innovators.
M2 PRESSWIRE-24 November 2004-ARIBA: Aberdeen Group selects two Ariba customers as "Best Practice" Leaders for Excellence in Spending Analysis; Limited Brands and PPG Industries are recognized as Spend Management innovatorsC1994-2004 M2 COMMUNICATIONS LTD RDATE:11242004 SUNNYVALE, Calif. - Two customers of Ariba,...
Tags: Aberdeen Group Inc., analysis, Ariba Inc., brand, Databases, HARDWARE, leader, PPG Industries, SOFTWARE, Storage
Research articles 2004-11-24
Yemen Social Fund Project portrayed as 'Best Practice' at World Bank/IMF Spring meetings.
M2 PRESSWIRE-20 April 2000-WORLD BANK: Yemen Social Fund Project portrayed as 'Best Practice' at World Bank/IMF Spring meetings C1994-2000 M2 COMMUNICATIONS LTD RDATE:19042000 WASHINGTON -- A Yemeni micro-credit project, the Social Fund for Development Project, was selected to be...
Tags: FINANCE, World Bank
Research articles 2000-04-20
Prudential Claims Call Center Designated A Best-Practice Organization By AP&QC
HORSHAM, Pa.--BUSINESS WIRE--Oct. 2, 1998--Prudential Property and Casualty Insurance Company's PRUPAC Claim Department Call Center has been chosen as a best-practice organization by the American Productivity and Quality Center (AP&QC), Houston. As a best-practice organization, PRUPAC is hosting 10 companies for an on-site visit of its Horsham, Pennsylvania facility...
Tags: call-center, MARKETING, Prudential Insurance Company of America, SOFTWARE
Research articles 1998-10-05
Share Best Practice - Power Surge for Shell's Home-Grown Expertise
Sharing best practice is the keystone to Shell's success. With expertise, developed during years of operating turbine systems and supporting customers operating power plants, combined with a lubricant range that is consistent world wide. Shell is committed to raising industry standards through training, innovation of products and design of expert...
Tags: Turbine, SSH, Best Practice, Telecom & Utilities
Case studies
ASX adds "best practice" to listing rules.
Sep 20, 2002 (The Australian Financial Review - ABIX via COMTEX) The Australian Stock Exchange is moving to mandate best practice when it comes to corporate governance. The proposed changes to listing rules means companies will be forced to identify where they do not ...
Tags: Australian Stock Exchange Ltd.
Research articles 2002-09-20
VAI to Host Series of Best Practice Webinars for Businesses on the IBM System i Platform
Wireless News 01-17-2008 VAI to Host Series of Best Practice Webinars for Businesses on the IBM System i Platform WIRELESS NEWS-January 17, 2008-VAI to Host Series of Best Practice Webinars for Businesses on the IBM System i Platform C2008 10Meters - http://www.10meters.com ...
Tags: Vormittag Associates Inc.
Research articles 2008-01-17
Ariba Customers Receive ''Best Practice'' Awards for E-Sourcing Excellence; Alcoa, ExxonMobil, and Owens Corning Recognized as Innovators and Leaders in Driving Bottom-Line Savings
SUNNYVALE, Calif. -- AribaR, Inc. (Nasdaq:ARBA), the leading Spend Management solutions provider, today announced that five of its customers have been named as "best practice" leaders in e-sourcing by the Boston-based research firm, the Aberdeen Group. The companies were named in a new report titled, "Best Practices in E-sourcing," which...
Tags: Alcoa Inc., Ariba Inc., best practice, e-Sourcing, Exxon Mobil Corp., leader, Owens Corning
Research articles 2004-10-13
CA joins Carnegie Mellon University's IT Research Consortium to develop and formulate sourcing best practices; Best practice standards to improve quality of service and increase operational efficiencies.
M2 PRESSWIRE-11 April 2006-Computer Associates: CA joins Carnegie Mellon University's IT Research Consortium to develop and formulate sourcing best practices; Best practice standards to improve quality of service and increase operational efficienciesC1994-2006 M2 COMMUNICATIONS LTD RDATE:11042006 ISLANDIA, N.Y. - CA...
Tags: Carnegie-Mellon University, Computer Associates International Inc., consortium, QoS, sourcing, standards, Strategy
Research articles 2006-04-11
DekaBank Wins Best Practice Award in Business Intelligence with arcplan's dynaSight
WAYNE, Pa. -- arcplan: --BARC Institute honors DekaBank's Marketing and Sales Portal DekaDiVA at CeBIT 2005 as Best German-Language Business Intelligence Solution --arcplan's dynaSight Helps DekaBank Centralize Systems to Cut Costs, Shorten Planning Cycle DekaBank, a German financial institution, along with arcplan partner b-i-con business information consulting,...
Tags: DekaBank
Research articles 2005-03-21
Effective Filing Best Practice
The best practice of effective filing deals with all the paperwork, documents and other items that are not directly related to any of your active projects. If they are directly related to your active projects, it's usually better to store them in the associated project file instead. Remember that the...
Tags: Item, Best Practice, Rodger Constandse
White papers 2004-01-01
CEMS is officially acknowledged by the European academic community as the "best practice" model for international management education
In an effort to support European higher education and to increase its competitiveness worldwide, the European University Association EUA is working with the European Commission on the development, monitoring and dissemination of examples of good practice of inter-university co-operation at Masters level in Europe. CEMS has been identified by this...
Tags: Barcelona, European Commission
Research articles 2002-12-22
Creating The Best Practice Of Tomorrow
From the executive summary: ‘Directors constantly strive to increase efficiency, implement best practice, and deliver increased shareholder value. They seek to improve cash flow through efficiencies of scale and cost reductions. However, there are limits to cost saving. The best way to create value is to innovate and keep the...
Tags: Efficiency, Best Practice, Paul Sloane, Entrepreneurship, Management
White papers 2003-01-01
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