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Achieving Best Practice in Your Business
The concept of Best
Practice comes from the Department of Trade and
Industry (DTI), and it aims to help businesses through
the experience of others. It covers all aspects of
business - from how you teach staff, to how you use IT,
even marketing your business. It involves keeping
up-to-date with developments and measuring your
performance through benchmarking. |
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People and Management:
Improve workforce and leadership skill. Plan more
strategically, recruit better, and adapt employee
development through training and communications. |
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Operations:
Use technology more effectively, reduce costs,
and become more efficient. Benchmark for quality
management and respond quickly to innovations in your
sector. Foster creativity by building company culture. |
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Sales and Marketing:
Become more competitive, increase sales and
develop new markets and practices. Harness marketing
techniques by utilizing technology and the Internet. |
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 Cottage
industries and big corporatists alike know that they have to
compete in today's global market, and organisations that
follow a Best Practice strategy are more likely to succeed in
such a business climate.
Typically, Best Practice is implemented
in organisations that are entrepreneurial and have a
commitment to learning. They may be high performers and have a
need to stay ahead of competition.
 But
no matter what sized company or organisation you have Best
Practice can be implemented at any level and on any scale.
Just one improvement can pay dividends, and that is why it is
worth a look. Even if you know that you don't have the
resources to start now.
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What is Benchmarking:
The process of comparing a
firm's performance against the practices of other leading
companies - in or outside of an industry - for the purpose
of improving performance. Companies also benchmark
internally by tracking and comparing past performance. |
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In June 2005 the DTI decided to provide improved access to Achieving Best Practice
in your business by merging it's own content and
services with the DTI-backed national Business Link portal.
Information on attaining Best Practice can be found on the
Business Link web site:
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