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Best practice is a feature of accredited management standards such as ISO 9000 and ISO 14001. [2] Some consulting firms specialize in the area of best practice and offer ready-made templates to standardize business process documentation. Sometimes a best practice is not applicable or is inappropriate for a particular organization's needs.
Highest and best use (or highest or best use; HBU) is a concept in real estate appraisal that originated with early economists such as Irving Fisher, who conceptualized the idea of maximum productivity.
For any successful commercial system, it means deriving profits by making the best quality of goods or the best quality of services available to end-users at the best possible cost. [citation needed] Goal management includes: assessment and dissolution of non-rational blocks to success; time management
Another definition has been adopted by Google, [386] a major practitioner in the field of AI. This definition stipulates the ability of systems to synthesize information as the manifestation of intelligence, similar to the way it is defined in biological intelligence.
A sign in Taytay Church, Philippines, encouraging churchgoers to practice honesty. Honesty is valued in many ethnic and religious cultures. [1] " Honesty is the best policy" is a proverb of Edwin Sandys, while the quote "Honesty is the first chapter in the book of wisdom" is attributed to Thomas Jefferson, as used in a letter to Nathaniel Macon. [2]
The AMA reviews this definition and its definition for "marketing research" every three years. [14] The interests of "society at large" were added into the definition in 2008. [ 15 ] The development of the definition may be seen by comparing the 2008 definition with the AMA's 1935 version: "Marketing is the performance of business activities ...
Integrity is the quality of being honest and showing a consistent and uncompromising adherence to strong moral and ethical principles and values. [1] [2] In ethics, integrity is regarded as the honesty and truthfulness or earnestness of one's actions.
Arete (Ancient Greek: ἀρετή, romanized: aretḗ) is a concept in ancient Greek thought that refers to "excellence" of any kind [1] —especially a person or thing's "full realization of potential or inherent function."