Question: Please read the statement below about the Business Process Improvement then outline how this process can be part of an organizations strategy. Explain an example

Please read the statement below about the

Please read the statement below about the Business Process Improvement then outline how this process can be part of an organizations strategy. Explain an example from your personal experience or from something you can find from another source. Of course, everyone would agree strategy is important but what do leaders need to understand about their business to outline a results driven strategy? Make sure to post one main post and then respond to AT LEAST two other students by the end of the week. Business process improvement (BPI) is a set of disciplined approaches and tools that managers use to enhance their company's performance. As the name suggests, BPI (also called business process management, or BPM) focuses on changing business processes to improve their effectiveness. In organizations that use BPI: o Managers and employees know their business processes and capture them in process maps, procedure manuals, or agreed-upon "ways of doing things." o Managers track the performance of processes in the form of metrics that can assess the quality of inputs and outputs or gauge the effectiveness of activities. o Top management systematically invests in its processes. In some cases, these investments are intended to improve current operations -for example, enhancing the efficiency of order processing. In other cases, these investments are meant to improve the company's competitive position-for instance, strengthening the product development or strategy-formulation process. o Organizations that do not use BPI may do these same things. However, their use of BPI is usually sporadic, rather than a regular way of doing business. BPI is a tool that can be used at every level of an organization-by a manager who sets out to change a relatively simple process within her department, or by top management who introduce a companywide initiative designed to improve performance throughout the organization. Search entries or author Unread +

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!