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Best Practices Method

Author

Listed:
  • CIPRIAN NICOLESCU

    (The Bucharest Academy of Economic Studies)

Abstract

Best practices method is one of the managerial instruments used more often in the context of transition to knowledge economy, that can be explained by many benefits it generates in organizations. Among these the most important are the following: identification and replacement of bad practices within the organization, superior capitalization of knowledge and experience existing in the organization, promoting an intense individual/ organizational learning and multiplication of implicit/ explicit knowledge among employees and other stakeholders of the organization. This paper summarizes the characteristics, methodology of implementation, general rules and main advantages/ limitations of the method.

Suggested Citation

  • Ciprian Nicolescu, 2011. "Best Practices Method," International Conference Modern Approaches in Organisational Management and Economy, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 5(1), pages 380-389, November.
    • Handle: RePEc:rom:cmanag:v:5:y:2011:i:1:p:380-389
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