industry norms
Trade standard practices
Industry norms are the standard practices, expectations, and unwritten rules that govern how business is conducted within a particular field.
Companies may follow industry norms for pricing, hiring, safety, or customer service—not because laws require it, but because that's how things are done: The startup disrupted industry norms by offering free shipping.
Deviating from industry norms can signal innovation or invite skepticism.
- quality assuranceStandards compliance verification
- safety protocolsRules ensuring harm prevention
- best practicesProven effective methods
- common practiceWidely accepted method
- complianceAdhering to requirements
licensing requirements · due diligence · transparency · standardization · corporate social responsibility · unwritten rules · gentlemen's agreement · accountability · code of conduct · fair labor practices · minimum wage · conformity · peer review · ethical sourcing · professional integrity · legal frameworks · level playing field · pricing models
- workplace policiescode of conduct, ethics, policies, workplace policy, HR policies
industry normslegal requirements
What the law compels
legal mandates · contractual obligations · government mandates · government regulations · regulatory requirements