What does the concept of best practice mean? Give examples.

Within the framework of the resource-based view, the chain is as strong as its It is of key importance to focus on different industry contexts to further Often, this is simply not possible because of strong path dependencies or practical.

This approach is based on the assumption that there is a set of best HRM practices. A number of lists of ‘best practices’ have been produced, the best known of which was produced by Pfeffer (1994), namely:

●   employment security;

●   selective hiring;

●   self-managed teams;

●   high compensation contingent on performance;

●   training to provide a skilled and motivated workforce;

●   reduction of status differentials;

●   sharing information.

It is difficult to accept that there is any such thing as universal best practice. What works well in one organization will not necessarily work well in another because it may not fit its strategy, culture, management style, technology or working practices

Thanks for invitation

I am agreeing with my colleague’s answer 

It is based on certain circumstances and HR policies that may help in narrowing the performance and quality to the best  set standard!

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Thanks for the invite, I agree with the previous answers