Best Practices
The processes, practices, and systems identified in public and private organizations that performed exceptionally well and are widely recognized as improving an organization's performance and efficiency in specific areas.
(U.S. Government Accounting Office. "BPR Glossary of Terms." Last modified April 27, 1998. http://www.gao.gov/special.pubs/bprag/bprgloss.htm)
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Successfully identifying and applying best practices can reduce business expenses in the private sector, and improve organizational efficiency in either public or private organizations.
References
Brannan, Tessa, Catherine Durose, Peter John and Harold Wolman. "Assessing Best Practices as Means of Innovation." Local Government Studies, 34 (1) : 23-38.