A "best practice" refers to:
A) a policy or procedure that is unusually effective.
B) a method of performing an activity or business process that consistently delivers superior results compared to other approaches and that at least one company has demonstrated works particularly well in terms of delivering operating excellence.
C) performing a strategy-critical activity in a fashion that results in sustainable competitive advantage.
D) performing a value chain activity that is a company's distinctive competence.
E) a particular value chain activity that management has given top priority to performing in world-class fashion.

Question

Quizplus · Accepted Answer

A best practice is a method or approach to performing a business process or activity that consistently delivers superior results compared to other approaches. This approach has been demonstrated to work particularly well in delivering operating excellence and at least one company has shown success using it.

A "Best Practice" Refers To