Best Practices

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Denotation for processes, methods, practices or approaches that already lead to success in the past. Best practices are solution paths that are known to be the most effective.

General information:

Background information

Origin -> Anglo-American business administration

To keep in mind -> All executions refer to the Process level and not to the whole company.

Positive aspects of best practices

- Mesurable outcomes and success factors

- Repeatable and improvable

- Proven positive effects on the output and the feedbacks

- Independent of industry and location

Opportunities of best practices

- Easier risk identification and minimization

- Profit from mistakes of others

- More time for process management

- Higher [Effektivität|efficiency and effectiveness]]

Limitations of best practices

- Late identification of interpretation mistakes

- Expectations about level of success often too high

- Inaccurate research about operating conditions

- Examination intervals of outcomes, success factors and feedbacks often too big

Conclusion:

Only use best practices if all general conditions and outcomes are known and understood. Every best practice strategy has its possibilities and limitations. Keep in mind that a best practice only is a tentative suggestion.

Inspiration & more information

- up4distribution -> the agile startup incubator and accelerator