“Best practice” describes the process of developing and following a standard way of doing things that organizations can use for management, policy, and operation. It does not commit people or companies to one inflexible, unchanging practice. Instead, best practices are an approach based around continuous learning and continual improvement. There is no single type of best practices. Each organization is different in some ways in terms of mission, culture, factors affecting business, and stage of development. A best practice is any practice that works best to improve a situation.
________________________________________
See also: Benchmarking