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best practice

noun, Chiefly Business.
1.
Often, best practices. a procedure or set of procedures that is preferred or considered standard within an organization, industry, etc.: The company adopted best practice in employee recruitment. At the meeting we reviewed best practices for communicating with clients.
Their methodology was identified as a best practice.
Origin of best practice
1980-1985
1980-85; derived from an earlier (1905) sense “the best method, procedure, etc.”
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Based on the Random House Dictionary, © Random House, Inc. 2015.
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Historical Examples
British Dictionary definitions for best practice

best practice

noun
1.
the recognized methods of correctly running businesses or providing services
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Contemporary definitions for best practice
noun

a practice which is most appropriate under the circumstances, esp. as considered acceptable or regulated in business; a technique or methodology that, through experience and research, has reliably led to a desired or optimum result

Examples

a manual documenting best practices in the industry

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