A "best practice" refers to a
A)policy or procedure that is unusually effective.
B)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)strategy-critical activity that results in sustainable competitive advantage.
D)value chain activity that is a company's distinctive competence.
E)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 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. It is not just a policy or procedure that is effective, but a tried and tested approach that has been proven to be the best way of achieving a desired outcome.

A "Best Practice" Refers to a