The practice of modifying the best practice from one organization for use in another is known as:

The practice of modifying the best practices from one organization for use in another is known as benchmarking. This process involves comparing one's business processes and performance metrics to industry bests or best practices from other organizations. The goal of benchmarking is to identify areas for improvement and implement strategies that have been shown to be effective elsewhere.

By analyzing the successful practices of other organizations, a company can adopt and adapt these strategies to enhance its own processes and performance. Benchmarking facilitates learning from others, encourages innovation, and drives continuous improvement by setting higher standards based on proven methodologies.

Other terms such as external assessment, continuous quality improvement, and the Deming cycle represent different concepts in quality management and process improvement but do not specifically capture the essence of adopting and modifying best practices from other organizations. External assessment refers to evaluating an organization's processes from an outside perspective, continuous quality improvement focuses on ongoing incremental improvements, and the Deming cycle describes a systematic approach to continuous improvement using a cyclical process of planning, executing, checking, and acting.