Business Dictionary
Best Practice
A-B C-D E-G H-K L-N O-P R-S T-W
Best Practice represents method, procedure, practice an activity that is believed to be better than other method used within the company, or the overall industry.
The term used for knowledge of activity used to be successful in term of sales, profit, and process efficiency. This knowledge is presented in documented way ( descriptions, calculations, photos, ... ), in order to help the others to be in position to use it in other situation, to replicate system that brings result in certain field.
As the perception what is "the best" practice can be subject of arguing, sometime the term best practice is replaced by Good Practice or Excellent Practice.
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