A "best practice" refers to
A) a policy or procedure that is unusually effective.
B) a technique for performing an activity or business process that at least one company has demonstrated works particularly well in terms of delivering some highly positive operating outcome.
C) performing a strategy-critical activity in a fashion that results in sustainable competitive advantage.
D) the 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" refers to a technique for performing an activity or business process that at least one company has demonstrated works particularly well in terms of delivering some highly positive operating outcome. It is not a policy, distinctive competence, or particular value chain activity, although it may involve those elements.

A "Best Practice" Refers to