Write a 8 page essay on Best Practice, Best Fit and Resource View of the firms analysis for relevance.But these new concepts definitely did one thing, forced the organizations to focus on a neglected

Write a 8 page essay on Best Practice, Best Fit and Resource View of the firms analysis for relevance.

But these new concepts definitely did one thing, forced the organizations to focus on a neglected area. Similar is the case with "Best Practice", "Best Fit" and "Resource View of the Firms". The three concepts led to awakening which provided insights into organizations themselves on practices, organizational variables and the organizational resources respectively.

Best Practice term arrived in the 1990s when the entire world of organizations were in a flux, the world became unipolar and the resources deployed hitherto for anticipated war between two poles of the world were suddenly available for better use, for business and the core of business is essentially the needs, desires of human beings and the ability to fulfill them. The geographical boundaries had suddenly collapsed and the resulting globalization created aggregation of these needs, desires and the abilities to fulfill them, unleashing a state of huge threats and huge opportunities. A plethora of business concepts arrived on the scene, quickly delivered by ICT elements across a wider spectrum of organizations. Best Practice concept was one of them. The search of reasons or factors behind a superlative performance led to a process-by-process analysis and its comparison with the more successful companies.