A "Best Practice" Refers To

question 61

Multiple Choice

A "best practice" refers to:

• A) a policy or procedure that is unusually effective.
• B) a method of performing an activity or business process that consistently delivers superior results compared to other approaches and that at least one company has demonstrated works particularly well in terms of delivering operating excellence.
• C) performing a strategy-critical activity in a fashion that results in sustainable competitive advantage.
• D) performing a value chain activity that is a company's distinctive competence.
• E) a particular value chain activity that management has given top priority to performing in world-class fashion.

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Definitions:

Cognitive Theory

A theory of psychology that emphasizes mental processes such as perception, memory, decision-making, and problem-solving as the basis of understanding behavior.

Unconscious Drives

Deep-seated motives and desires that influence an individual's thoughts and behaviors, often without their conscious awareness, rooted in Freudian psychology.

Psychosexual Conflicts

Inner tensions and struggles arising from the sexual drives of the id, as hypothesized by Freud, often occurring in childhood and influencing personality development.

Psychoanalytic Theory

A theory of personality and therapeutic technique that attributes our thoughts and actions to unconscious motives and conflicts, developed by Sigmund Freud.