Global Best Practices
® knowledge base
Set goals with peak performance in mind
Best practices are the means by which leading organizations achieve peak performance, and they serve as goals for other organizations striving for competitive advantage. They provide positive, credible examples of how today's companies succeed in the processes critical to their business success.
Global best practices are practices from top performers from a wide variety of industries. They allow managers to take the best of what other companies have achieved and apply those principles to affect positive change.
Integrate into methodology
The Global Best Practices knowledge base contains best practices and supporting material for enterprise-level business processes, making it an ideal resource for your internal audit department. It addresses the operational processes of understanding markets and customers, new product development, and invoicing and servicing customers as well as managerial processes from human resources development to information technology efficiency and managing financial and physical resources.
Internal auditors can integrate the use of the Global Best Practices knowledge base directly into audit methodologies as a way to systematically improve the effectiveness of the overall audit program. Companies seeking to identify and close performance gaps can use Global Best Practices diagnostic benchmarking tools to identify inefficiencies and can reference best practices for implementation insight. Adapting best practices to the specific needs of a company can dramatically affect performance – leading to breakthroughs that save time, improve quality, lower costs, and increase revenue.
Know your source
Global Best Practices identifies best business practices through a process that takes several months of interviewing experts and sifting through company stories. Research begins with the support of PwC's network of process experts, consultants, and field specialists. Researchers focus on finding new ways of conducting business that provide measurable improvements in a company's performance. Only those practices that lead to breakthrough performance become part of the Global Best Practices knowledge base. All global best practices are supported with company examples to help users envision how the practice may be implemented successfully.
A series of global best practices are identified for each business process. Each best practice report includes:
- Business rationale for applying the practice
- Action steps to consider for implementation based on real company examples
- References to professional associations, regulatory information, or other helpful resources to keep you on track
- Key performance measures typically identified with the practice
- An importance/performance self-assessment tool to help refine your focus
Find out more
Visit the Global Best Practices knowledge base at
www.globalbestpractices.com.
Global Best Practices researches and documents the practices organisations use to increase efficiency, improve productivity and achieve operational excellence.
Global Best Practices® is a registered trademark of PricewaterhouseCoopers.
