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Business process

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1182:. The appropriate level of task division was defined through experimental design of the production process. In contrast to Smith's view which was limited to the same functional domain and comprised activities that are in direct sequence in the manufacturing process, today's process concept includes cross-functionality as an important characteristic. Following his ideas, the division of labor was adopted widely, while the integration of tasks into a functional, or cross-functional, process was not considered as an alternative option until much later. 1369:(BPR) was originally conceptualized by Hammer and Davenport as a means to improve organizational effectiveness and productivity. It can involve starting from a "blank slate" and completely recreating major business processes, or it can involve comparing the "as-is" process and the "to-be" process and mapping the path for change from one to the other. Often BPR will involve the use of information technology to secure significant performance improvement. The term unfortunately became associated with corporate "downsizing" in the mid-1990s. 1459:
1980s saw the development of data-driven approaches as data storage and retrieval technologies improved. Data modeling, rather than process modeling was the starting point for building an information system. Business processes had to adapt to information technology because process modeling was neglected. The shift towards process-oriented management occurred in the 1990s. Enterprise resource planning software with workflow management components such as SAP, Baan,
1173:, one man would perform all the activities required during the production process, while Smith described how the work was divided into a set of simple tasks which would be performed by specialized workers. The result of labor division in Smith's example resulted in productivity increasing by 24,000 percent (sic), i.e. that the same number of workers made 240 times as many pins as they had been producing before the introduction of labor division. 978: 2376:
of these different programs all parading under the same name. Few are alike, and those varied programs have a wide variety of features—a mixture of the old and the new—with, in more cases than not, very little of the new. ... However, I have forewarned you there are almost as many different TQM programs as there are companies that have started them because that creates confusion about what to do in your own case.
2650: 1385:, modeling, and optimization) that strives to support the goals of an enterprise within and beyond multiple boundaries, involving many people, from employees to customers and external partners. A major part of BPM's enterprise support involves the continuous evaluation of existing processes and the identification of ways to improve upon it, resulting in a cycle of overall organizational improvement. 1128:. While decomposing processes into process classifications, categories can be helpful, but care must be taken in doing so as there may be crossover. At last, all processes are part of a largely unified customer-focused result, one of "customer value creation." This goal is expedited with business process management, which aims to analyze, improve, and enact business processes. 1479:(BMM) are widely used standards for business modeling. The Business Modeling and Integration Domain Task Force (BMI DTF) is a consortium of vendors and user companies that continues to work together to develop standards and specifications to promote collaboration and integration of people, systems, processes and information within and across enterprises. 1435:(74%) and social media (38%). Consequently, businesses need to have an effective online strategy to increase brand awareness and grow." (Paun, 2020) Customers engage and interact through social media and businesses who are effectively part of social media drive more successful businesses. The most common social media sites that are used for business are 1491:
their customers. The abundance of customer data collected through these channels as well as through call center interactions, emails, voice calls, and customer surveys has led to a huge growth in data analytics which in turn is utilized for performance management and improving the ways in which the company services its customers.
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across time and space, with a beginning and an end, and clearly defined inputs and outputs: a structure for action. ... Taking a process approach implies adopting the customer's point of view. Processes are the structure by which an organization does what is necessary to produce value for its customers.
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is the procedural movement of information, material, and tasks from one participant to another. Workflow includes the procedures, people and tools involved in each step of a business process. A single workflow may either be sequential, with each step contingent upon completion of the previous one, or
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model, which also builds on a division of primary and secondary activities. According to Rummler and Brache, a typical characteristic of a successful process-based organization is the absence of secondary activities in the primary value flow that is created in the customer oriented primary processes.
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of a sequence of activities with interleaving decision points or as a process matrix of a sequence of activities with relevance rules based on data in the process. The benefits of using business processes include improved customer satisfaction and improved agility for reacting to rapid market change.
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In fact, the term TQM has become so widely used that it has become the number one buzzphrase to describe a new type of quality-oriented management. Thus, the name TQM now covers a very broad tent encompassing all sorts of management practices. In my management advisory activities I run into scores
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Creating a strong brand presence through social media is an important component to running a successful business. Companies can market, gain consumer insights, and advertise through social media. "According to a Salesforce survey, 85% of consumers conduct research before they make a purchase online,
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One man draws out the wire; another straights it; a third cuts it; a fourth points it; a fifth grinds it at the top for receiving the head; to make the head requires two or three distinct operations; to put it on is a peculiar business; to whiten the pins is another ... and the important business of
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in the mid-1980s, first introduced by Motorola. Six Sigma consists of statistical methods to improve business processes and thus reduce defects in outputs. The "lean approach" to quality management was introduced by the Toyota Motor Company in the 1990s and focused on customer needs and reducing of
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Customer Service is a key component to an effective business business plan. Customer service in the 21st century is always evolving, and it is important to grow with your customer base. Not only does a social media presence matter, but also clear communication, clear expectation setting, speed, and
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a business process is a series of steps designed to produce a product or service. Most processes (...) are cross-functional, spanning the 'white space' between the boxes on the organization chart. Some processes result in a product or service that is received by an organization's external customer.
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This definition contains certain characteristics that a process must possess. These characteristics are achieved by focusing on the business logic of the process (how work is done) instead of taking a product perspective (what is done). Following Davenport's definition of a process, we can conclude
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Business processes comprise a set of sequential sub-processes or tasks with alternative paths, depending on certain conditions as applicable, performed to achieve a given objective or produce given outputs. Each process has one or more needed inputs. The inputs and outputs may be received from, or
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that a process must have clearly defined boundaries, input and output, consist of smaller parts and activities which are ordered in time and space, that there must be a receiver of the process outcome—a customer – and that the transformation taking place within the process must add customer value.
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For example, if a recommendation to replace a given policy with a better one is made with proper justification and accepted in principle by business process owners, then corresponding changes in the consequent processes and procedures will follow naturally in order to enable implementation of the
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and mobile technology, and the development of analytical techniques. Cloud-based technologies allow companies to purchase resources quickly and as required, independent of their location. Social media, websites and smart phones are the newest channels through which organizations reach and support
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This definition also emphasizes the constitution of links between activities and the transformation that takes place within the process. Johansson et al. also include the upstream part of the value chain as a possible recipient of the process output. Summarizing the four definitions above, we can
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The above definition distinguishes two types of processes, primary and support processes, depending on whether a process is directly involved in the creation of customer value or concerned with the organization's internal activities. In this sense, Rummler and Brache's definition follows Porter's
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performed by people or equipment in which a specific sequence produces a service or product (that serves a particular business goal) for a particular customer or customers. Business processes occur at all organizational levels and may or may not be visible to the customers. A business process may
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Advances in information technology over the years have changed business processes within and between business enterprises. In the 1960s, operating systems had limited functionality, and any workflow management systems that were in use were tailor-made for the specific organization. The 1970s and
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a structured, measured set of activities designed to produce a specific output for a particular customer or market. It implies a strong emphasis on how work is done within an organization, in contrast to a product focus's emphasis on what. A process is thus a specific ordering of work activities
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A business process begins with a mission objective (an external event) and ends with achievement of the business objective of providing a result that provides customer value. Additionally, a process may be divided into subprocesses (process decomposition), the particular inner functions of the
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is the definition of the knowledge that employees and systems use to perform their functions and maintaining it in a format that can be accessed by others. Duhon and the Gartner Group have defined it as "a discipline that promotes an integrated approach to identifying, capturing, evaluating,
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A business made up of many process may be decomposed into various subprocesses, each of which have their own peculiar aspects but also contribute to achieving the objectives of the business. The business review analyzes processes, that usually include the mapping or modeling of processes and
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Ask ten people what TQM is and you will hear ten different answers. There is no specification or standard for it, or certification programme to proclaim that you have it. What we understand by TQM probably depends on which of the thought leaders, (often referred to as 'gurus') we have come
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reports, provided these are consciously used for day-to-day or periodical decision-making. With this understanding would hopefully come the willingness to invest time and other resources in business process improvement by introduction of useful and relevant reporting systems.
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Typically, some process tasks will be manual, while some will be computer-based, and these tasks may be sequenced in many ways. In other words, the data and information that are being handled through the process may pass through manual or computer tasks in any given order.
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a set of linked activities that take an input and transform it to create an output. Ideally, the transformation that occurs in the process should add value to the input and create an output that is more useful and effective to the recipient either upstream or downstream.
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The characteristic of processes as spanning the white space on the organization chart indicates that processes are embedded in some form of organizational structure. Also, a process can be cross-functional, i.e. it ranges over several business functions.
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occurring on the shop floor. This process should include systematic periodical analysis of rejections by reason and present the results in a suitable information report that pinpoints the major reasons and trends in these reasons for management to take
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The world of e-business created a need to automate business processes across organizations, which in turn raised the need for standardized protocols and web services composition languages that can be understood across the industry. The
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to control rejections and keep them within acceptable limits. Such a process of analysis and summarisation of line rejection events is clearly superior to a process which merely inquires into each individual rejection as it occurs.
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Operational processes, which are business processes, are of a productive or "missional" nature. These processes generate a product or service to be delivered to customers. These are considered to be unique or specific to each
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making a pin is, in this manner, divided into about eighteen distinct operations, which, in some manufactories, are all performed by distinct hands, though in others the same man will sometimes perform two or three of them.
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and the organization's infrastructure strategies related to it, are a theoretical cornerstone of the business process concept, requiring "a framework for measuring the level of IT support for business processes."
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retrieving, and sharing all of an enterprise's information assets. These assets may include databases, documents, policies, procedures, and previously un-captured expertise and experience in individual workers."
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We call these primary processes. Other processes produce products that are invisible to the external customer but essential to the effective management of the business. We call these support processes.
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As we can note, Hammer & Champy have a more transformation-oriented perception and put less emphasis on the structural component – process boundaries and the order of activities in time and space.
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Strategic processes, which are managerial, directive or steering processes. Management has an important role in each of these. This type of process is related to strategic planning, partnerships, etc.
2219: 1335:(i.e., the person responsible for the continuous improvement of the process) is considered as a prerequisite. Sometimes the process owner is the same person who is performing the process. 1935:"Book I. Of the Causes of Improvement in the Productive Powers of Labour, and of the Order According to Which Its Produce Is Naturally Distributed among the Different Ranks of the People" 1111:
Support processes, which are auxiliary in nature, support for operational and strategic processes. These are responsible for providing resources and are presented in most organizations.
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von Rosing, M.; Foldager, U.; Hove, M.; et al. (2015). "Working with the Business Process Management (BPM) Life Cycle". In von Rosing, M.; Scheer, A.-W.; von Scheel, H. (eds.).
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status reports for supplier delivery follow-up as described in the section on effectiveness above. There are numerous examples of this in every possible business process.
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von Scheel, H.; von Rosing, M.; Fonseca, M.; et al. (2014). "Phase 1: Process Concept Evolution". In von Rosing, M.; Scheer, A.-W.; von Scheel, H. (eds.).
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focused on standardization of processes, systematic training and clearly defining the roles of management and employees. His methods were widely adopted in the
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Sidorova, A.; Torres, R.; Al Beayeyz, A. (2014). "The Role of Information Technology in Business Process Management". In vom Brocke, J.; Rosemann, M. (eds.).
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sub-processes down to a group of activities at different levels. Processes can be modeled using a large number of methods and techniques. For instance, the
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parallel, with multiple steps occurring simultaneously. Multiple combinations of single workflows may be connected to achieve a resulting overall process.
1615:. Introducing a business process concept has a considerable impact on the structural elements of the organization and, thus also on the span of control. 1589:
and operatives should realise that process improvement often occurs with introduction of appropriate transaction, operational, highlight, exception or
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Sezenias, E.; Farmakis, A.; Karagiannis, G.; et al. (2012). "A Holistic Business Performance Measurement Framework". In Glykas, M. (ed.).
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process. Business processes may also have a process owner, a responsible party for ensuring the process runs smoothly from start to finish.
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Rummler & Brache (1995) use a definition that clearly encompasses a focus on the organization's external customers, when stating that
1416:(TQM) emerged in the early 1980s as organizations sought to improve the quality of their products and services. It was followed by the 2413:
Palmer, N. (2015). "iBPM - Intelligent Business Process Management". In von Rosing, M.; Scheer, A.-W.; von Scheel, H. (eds.).
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Business processes are designed to be operated by one or more business functional units, and emphasize the importance of the "
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accuracy. If the customer service provided by a business is not effective, it can be detrimental to the business success.
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and create the primary value stream, e.g., taking orders from customers, opening an account, and manufacturing a component
1954:"It's Time to Engineer Re-engineering: Investigating the Potential of Simulation Modelling for Business Process Redesign" 1447:. Businesses with the strongest brand recognition and consumer engagement build social presences on all these platforms. 1255:
a collection of activities that takes one or more kinds of input and creates an output that is of value to the customer.
1199: 1472: 1117: 705: 2654: 2583: 2550: 2525: 2500: 2422: 2360: 2312: 2270: 2176: 2147: 2105: 2019: 1992: 1965: 1912: 1887: 1851: 1822: 1788: 1752: 1710: 1315:: The transformation taking place within the process must add value to the recipient, either upstream or downstream. 562: 1230:," as differentiated from manual workers – and how knowledge management would become part of an entity's processes. 994: 611: 2121: 2680: 1366: 1361: 2193: 1251:
Hammer & Champy's (1993) definition can be considered as a subset of Davenport's. They define a process as:
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Resources: Paun, Goran (2020). Building A Brand: Why A Strong Digital Presence Matters. Forbes. Sourced from
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focused much of his work on the simplification and decentralization of processes, which led to the concept of
2675: 1590: 982: 727: 637: 288: 1303:: It must consist of activities that are ordered according to their position in time and space (a sequence). 2461: 2258: 1668: 845: 631: 459: 1653: 1382: 1378: 835: 722: 672: 1059:
Broadly speaking, business processes can be organized into three types, according to von Rosing et al.:
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A History of Managing for Quality: The Evolution, Trends, and Future Directions of Managing for Quality
865: 2670: 1549:. There is a cascading effect of improvements made at a higher level on those made at a lower level. 1476: 1121: 1034: 870: 649: 591: 293: 125: 2631:
Slack et al., edited by: David Barnes (2000) The Open University, Understanding Business: Processes
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Process-oriented organizations break down the barriers of structural departments and try to avoid
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Large organizations that are not organized as markets need to be organized in smaller units, or
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High Performance Through Business Process Management: Strategy Execution in a Digital World
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In general, the various tasks of a business process can be performed in one of two ways:
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Process Improvement and Organizational Learning: The Role of Collaboration Technologies
1643: 1453: 1321:: A process cannot exist in itself, it must be embedded in an organizational structure. 1070: 925: 800: 785: 752: 747: 737: 732: 682: 606: 514: 479: 170: 2518:
The Complete Business Process Handbook: Body of Knowledge from Process Modeling to BPM
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The Complete Business Process Handbook: Body of Knowledge from Process Modeling to BPM
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The Complete Business Process Handbook: Body of Knowledge from Process Modeling to BPM
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The Complete Business Process Handbook: Body of Knowledge from Process Modeling to BPM
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The Complete Business Process Handbook: Body of Knowledge from Process Modeling to BPM
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Improving Performance: How to manage the white space on the organizational chart
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Business Enterprise, Process, and Technology Management: Models and Applications
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Smith also first recognized how output could be increased through the use of
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There are other definitions of the classification of processes proposed by
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Business Process Change: 2nd Ed, A Guide for Business Managers and BPM and
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The above improvement areas are equally applicable to policies, processes,
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The Five Pillars of TQM: How to Make Total Quality Management Work for You
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Business Process Reengineering: BreakPoint Strategies for Market Dominance
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technique that can be used for drawing business processes in a visualized
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Supporting processes, which support the core operational processes, e.g.,
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An important early (1776) description of processes was that of economist
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is the number of subordinates a supervisor manages within a structural
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to ensure effective action. An example of this is the availability of
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compile the following list of characteristics for a business process:
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Process Innovation: Reengineering work through information technology
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Information technology as an enabler for business process management
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Reengineering the Corporation: A Manifesto for Business Revolution
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emerged, as did business process management systems (BPMS) later.
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Another example from production is the process of analyzing line
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The most recent trends in BPM are influenced by the emergence of
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Effective Process Management: Improving Your Healthcare Delivery
1309:: There must be a recipient of the process' outcome, a customer. 1156:, Smith described the production of a pin in the following way: 2649: 2468:. Institute for Operations Research and the Management Sciences 2098:
Business Process Management: Concepts, Languages, Architectures
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Business Process Management: Concepts, Languages, Architectures
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An Inquiry into the Nature and Causes of the Wealth of Nations
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The Age of Discontinuity: Guidelines for Our Changing Society
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Though the term has been used contextually to mixed effect, "
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In the latter part of the twentieth century, management guru
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Business Process Engineering: Advancing the State of the Art
1297:: It must have clearly defined boundaries, input and output. 2167:. In von Rosing, M.; Scheer, A.-W.; von Scheel, H. (eds.). 2162: 1960:. Springer Science & Business Media. pp. 313–329. 1878:. In von Rosing, M.; Scheer, A.-W.; von Scheel, H. (eds.). 1846:. Springer Science & Business Media. pp. 187–212. 1817:. Springer Science & Business Media. pp. 187–212. 2636:
Operations and Production Systems with Multiple Objectives
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Business processes must include up-to-date and accurate
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Nikolić, B.; Dakić, J.; Ružić-Dimitrijević, L. (2013).
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von Rosing, M.; Kemp, N.; Hove, M.; Ross, J.W. (2014).
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Smith did not advocate labor division at any price or
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Creating a Strong Brand Presence through Social Media
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is a collection of related, structured activities or
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Business Process Management: Theory and Applications
2087: 2085: 1869: 1867: 1865: 1863: 1372: 2001: 1772: 1770: 1768: 1766: 1764: 1597: 2520:. Vol. 1. Morgan Kaufmann. pp. 265–341. 2417:. Vol. 1. Morgan Kaufmann. pp. 349–361. 2344: 2124:, page 6, published 2008, accessed 2 February 2020 1941:. University Press; Thomas Nelson and Peter Brown. 1928: 1926: 1924: 1882:. Vol. 1. Morgan Kaufmann. pp. 123–172. 1625: 1494: 1431:and among the most used channels for research are 1355: 1238:Davenport (1993) defines a (business) process as: 2559: 2082: 1860: 1811:"Chapter 8: BPR Methodologies: Methods and Tools" 1692: 1690: 1688: 1686: 1684: 2662: 2534: 2509: 2480: 2185: 2171:. Vol. 1. Morgan Kaufmann. pp. 79–88. 2156: 1804: 1802: 1800: 1761: 1734: 1732: 1730: 1728: 1726: 1724: 1722: 23:Systematic collection of tasks within a business 2165:"Phase 4: What Is Business Process Management?" 2120:Chartered Institute of Management Accountants, 1974: 1945: 1921: 1783:. Vol. 1. 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Jossey-Bass, San Francisco 1903:Pardo Álvarez, José Manuel. 1669:Business process outsourcing 632:Enterprise resource planning 460:Financial statement analysis 7: 2626:Business Process Management 2305:Leatherhead, United Kingdom 1747:. Springer. pp. 1–28. 1654:Business process automation 1637: 1383:business process automation 1379:business process management 1343: 1145:in his famous example of a 1050: 10: 2697: 2628:. The Third Wave, MK Press 2014:. Routledge. p. 208. 1987:. Routledge. p. 420. 1958:Business Process Modelling 1545:(sub-processes/tasks) and 1359: 1331:Frequently, identifying a 1131: 15: 2441:. Object Management Group 2034:Thomas Davenport (1993). 1699:"Chapter 1: Introduction" 1477:Business Motivation Model 1122:business process modeling 294:Chief information officer 126:Limited liability company 2638:. John Wiley & Sons. 2301:Total Quality Management 1664:Business process mapping 1414:Total quality management 1409:Total quality management 1192:Frederick Winslow Taylor 1186:Frederick Winslow Taylor 307:Chief technology officer 241:Mergers and acquisitions 211:Constitutional documents 36:Management of a business 16:Not to be confused with 2079:. John Wiley & Sons 367:Environmental economics 347:International economics 298:Chief marketing officer 284:Chief financial officer 279:Chief operating officer 275:Chief executive officer 236:International trade law 30:Business administration 2681:Management cybernetics 2634:Malakooti, B. (2013). 2602:Paul's Harmon (2007). 2008:Drucker, P.F. (2007). 1981:Drucker, P.F. (2017). 1649:Business method patent 1631:Information management 1287: 1269: 1257: 1245: 1163: 936:International business 921:Business judgment rule 266:Chief business officer 166:Annual general meeting 146:State-owned enterprise 136:Privately held company 1739:Kirchmer, M. (2017). 1521:by means of business 1418:Six Sigma methodology 1282: 1264: 1253: 1240: 1158: 1096:, and safety training 612:Customer relationship 548:Business intelligence 510:Financial institution 485:International finance 435:Cash conversion cycle 342:Development economics 303:Chief product officer 51:Management accounting 2676:Enterprise modelling 2657:at Wikimedia Commons 2299:Holmes, Ken (1992), 2255:Milwaukee, Wisconsin 1502:organizational units 1486:, the prevalence of 1394:Knowledge management 1389:Knowledge management 1196:industrial processes 1075:corporate governance 1071:Management processes 553:Business development 397:Economic development 159:Corporate governance 56:Financial accounting 2134:Kock, N.F. (1999). 1543:detailed procedures 1325:Cross-functionality 963:Business statistics 946:International trade 931:Business operations 627:Electronic business 532:Types of management 420:Financial statement 402:Economic statistics 270:Chief brand officer 226:Corporate liability 141:Sole proprietorship 121:Joint-stock company 2259:ASQC Quality Press 2092:Weske, M. (2012). 1933:Smith, A. (1827). 1697:Weske, M. (2012). 1644:Business functions 1579:corrective actions 1190:American engineer 926:Consumer behaviour 728:Product life-cycle 515:Capital management 480:Managerial finance 171:Board of directors 2653:Media related to 2610:. Morgan Kaufmann 2053:, Harper Business 1809:Chen, M. (2012). 1547:work instructions 1234:Other definitions 1171:handcrafted goods 1094:technical support 1031:business function 1019: 1018: 906:Business analysis 475:Corporate finance 445:Capital budgeting 382:Knowledge economy 176:Supervisory board 18:Business strategy 2688: 2671:Business process 2655:Business process 2652: 2590: 2589: 2563: 2557: 2556: 2538: 2532: 2531: 2513: 2507: 2506: 2484: 2478: 2477: 2475: 2473: 2457: 2451: 2450: 2448: 2446: 2435: 2429: 2428: 2410: 2404: 2403: 2401: 2400: 2385: 2379: 2378: 2350: 2337: 2331: 2330: 2296: 2290: 2289: 2288: 2287: 2245:Juran, Joseph M. 2241: 2235: 2234: 2232: 2230: 2215: 2209: 2208: 2198: 2189: 2183: 2182: 2160: 2154: 2153: 2131: 2125: 2118: 2112: 2111: 2089: 2080: 2073: 2067: 2060: 2054: 2047: 2041: 2032: 2026: 2025: 2005: 1999: 1998: 1978: 1972: 1971: 1949: 1943: 1942: 1930: 1919: 1918: 1900: 1894: 1893: 1871: 1858: 1857: 1835: 1829: 1828: 1806: 1795: 1794: 1774: 1759: 1758: 1736: 1717: 1716: 1694: 1525:systems such as 1484:cloud technology 1401:Customer Service 1339:Related concepts 1228:knowledge worker 1045:functional silos 1023:business process 1011: 1004: 997: 981: 980: 958:Business process 500:Financial market 337:Labour economics 332:Public economics 91:Corporation sole 26: 25: 2696: 2695: 2691: 2690: 2689: 2687: 2686: 2685: 2661: 2660: 2645: 2599: 2597:Further reading 2594: 2593: 2586: 2564: 2560: 2553: 2539: 2535: 2528: 2514: 2510: 2503: 2485: 2481: 2471: 2469: 2458: 2454: 2444: 2442: 2437: 2436: 2432: 2425: 2411: 2407: 2398: 2396: 2386: 2382: 2363: 2338: 2334: 2315: 2297: 2293: 2285: 2283: 2273: 2242: 2238: 2228: 2226: 2216: 2212: 2196: 2190: 2186: 2179: 2161: 2157: 2150: 2132: 2128: 2119: 2115: 2108: 2090: 2083: 2074: 2070: 2061: 2057: 2048: 2044: 2033: 2029: 2022: 2006: 2002: 1995: 1979: 1975: 1968: 1950: 1946: 1931: 1922: 1915: 1901: 1897: 1890: 1872: 1861: 1854: 1836: 1832: 1825: 1807: 1798: 1791: 1775: 1762: 1755: 1737: 1720: 1713: 1695: 1682: 1677: 1640: 1628: 1609:span of control 1605: 1603:Span of control 1600: 1559: 1539: 1523:data processing 1497: 1456: 1427: 1411: 1403: 1399: 1398: 1391: 1375: 1364: 1358: 1346: 1341: 1236: 1216: 1188: 1139: 1134: 1053: 1027:business method 1015: 975: 968: 967: 911:Business ethics 901: 891: 890: 831: 823: 822: 533: 525: 524: 520:Venture capital 450:Commercial bank 440:Insider dealing 415: 407: 406: 357:Planned economy 322: 312: 311: 256: 254:Corporate title 246: 245: 221:Corporate crime 201: 191: 190: 186:Audit committee 161: 151: 150: 106:Holding company 86:Corporate group 81: 74:Business entity 66: 65: 46: 24: 21: 12: 11: 5: 2694: 2684: 2683: 2678: 2673: 2659: 2658: 2644: 2643:External links 2641: 2640: 2639: 2632: 2629: 2622: 2617:Re-engineering 2611: 2598: 2595: 2592: 2591: 2584: 2558: 2551: 2533: 2526: 2508: 2501: 2479: 2452: 2430: 2423: 2405: 2380: 2361: 2332: 2313: 2291: 2271: 2236: 2210: 2184: 2177: 2155: 2148: 2126: 2113: 2106: 2081: 2068: 2055: 2042: 2027: 2020: 2000: 1993: 1973: 1966: 1944: 1920: 1913: 1895: 1888: 1859: 1852: 1830: 1823: 1796: 1789: 1760: 1753: 1718: 1711: 1679: 1678: 1676: 1673: 1672: 1671: 1666: 1661: 1656: 1651: 1646: 1639: 1636: 1627: 1624: 1604: 1601: 1599: 1596: 1587:process owners 1567:purchase order 1558: 1555: 1538: 1535: 1530: 1529: 1519: 1496: 1493: 1455: 1452: 1410: 1407: 1390: 1387: 1374: 1371: 1360:Main article: 1357: 1354: 1345: 1342: 1340: 1337: 1329: 1328: 1322: 1316: 1310: 1304: 1298: 1235: 1232: 1215: 1212: 1187: 1184: 1167:labor division 1138: 1135: 1133: 1130: 1113: 1112: 1109: 1105: 1098: 1097: 1078: 1068: 1052: 1049: 1017: 1016: 1014: 1013: 1006: 999: 991: 988: 987: 986: 985: 970: 969: 966: 965: 960: 955: 954: 953: 943: 941:Business model 938: 933: 928: 923: 918: 913: 908: 902: 897: 896: 893: 892: 889: 888: 883: 878: 873: 868: 863: 858: 853: 848: 843: 838: 832: 829: 828: 825: 824: 821: 820: 815: 810: 809: 808: 798: 793: 788: 783: 778: 773: 772: 771: 760: 755: 750: 745: 740: 735: 730: 725: 720: 715: 710: 709: 708: 697: 692: 691: 690: 680: 675: 670: 665: 660: 659: 658: 650:Human resource 647: 642: 641: 640: 629: 624: 619: 614: 609: 604: 599: 594: 592:Communications 589: 588: 587: 577: 576: 575: 565: 560: 555: 550: 545: 540: 534: 531: 530: 527: 526: 523: 522: 517: 512: 507: 502: 497: 492: 487: 482: 477: 472: 470:Public finance 467: 465:Financial risk 462: 457: 452: 447: 442: 437: 432: 427: 422: 416: 413: 412: 409: 408: 405: 404: 399: 394: 392:Macroeconomics 389: 387:Microeconomics 384: 379: 377:Market economy 374: 369: 364: 359: 354: 349: 344: 339: 334: 329: 323: 318: 317: 314: 313: 310: 309: 300: 291: 286: 281: 272: 263: 257: 252: 251: 248: 247: 244: 243: 238: 233: 231:Insolvency law 228: 223: 218: 213: 208: 206:Commercial law 202: 197: 196: 193: 192: 189: 188: 183: 181:Advisory board 178: 173: 168: 162: 157: 156: 153: 152: 149: 148: 143: 138: 133: 128: 123: 118: 113: 108: 103: 98: 93: 88: 82: 72: 71: 68: 67: 64: 63: 58: 53: 47: 42: 41: 38: 37: 33: 32: 22: 9: 6: 4: 3: 2: 2693: 2682: 2679: 2677: 2674: 2672: 2669: 2668: 2666: 2656: 2651: 2647: 2646: 2637: 2633: 2630: 2627: 2623: 2620: 2618: 2612: 2609: 2608:Professionals 2607: 2601: 2600: 2587: 2585:9783642451003 2581: 2577: 2573: 2569: 2562: 2554: 2552:9783642284090 2548: 2544: 2537: 2529: 2527:9780127999593 2523: 2519: 2512: 2504: 2502:9781601466549 2498: 2494: 2490: 2483: 2467: 2463: 2456: 2440: 2434: 2426: 2424:9780127999593 2420: 2416: 2409: 2395: 2391: 2388:Paun, Goran. 2384: 2377: 2372: 2368: 2364: 2362:9780525937258 2358: 2354: 2349: 2348: 2342: 2336: 2329: 2324: 2320: 2316: 2314:9781858020112 2310: 2306: 2302: 2295: 2282: 2278: 2274: 2272:9780873893411 2268: 2264: 2260: 2256: 2252: 2251: 2246: 2240: 2225: 2221: 2214: 2206: 2202: 2195: 2188: 2180: 2178:9780127999593 2174: 2170: 2166: 2159: 2151: 2149:9781878289582 2145: 2141: 2137: 2130: 2123: 2117: 2109: 2107:9783642286162 2103: 2099: 2095: 2088: 2086: 2078: 2072: 2065: 2059: 2052: 2046: 2039: 2038: 2031: 2023: 2021:9781136386312 2017: 2013: 2012: 2004: 1996: 1994:9781560006183 1990: 1986: 1985: 1977: 1969: 1967:9783642803178 1963: 1959: 1955: 1948: 1940: 1936: 1929: 1927: 1925: 1916: 1914:9788481439489 1910: 1906: 1899: 1891: 1889:9780128004722 1885: 1881: 1877: 1870: 1868: 1866: 1864: 1855: 1853:9781466602502 1849: 1845: 1841: 1834: 1826: 1824:9781461550914 1820: 1816: 1812: 1805: 1803: 1801: 1792: 1790:9780128004722 1786: 1782: 1781: 1773: 1771: 1769: 1767: 1765: 1756: 1754:9783319512594 1750: 1746: 1742: 1735: 1733: 1731: 1729: 1727: 1725: 1723: 1714: 1712:9783642286162 1708: 1704: 1700: 1693: 1691: 1689: 1687: 1685: 1680: 1670: 1667: 1665: 1662: 1660: 1657: 1655: 1652: 1650: 1647: 1645: 1642: 1641: 1635: 1632: 1623: 1621: 1616: 1614: 1610: 1595: 1592: 1588: 1583: 1580: 1575: 1570: 1568: 1564: 1554: 1550: 1548: 1544: 1534: 1528: 1524: 1520: 1517: 1516: 1515: 1512: 1510: 1509:process chain 1505: 1503: 1492: 1489: 1485: 1480: 1478: 1474: 1468: 1466: 1463:, Oracle and 1462: 1451: 1448: 1446: 1442: 1438: 1434: 1428: 1426: 1422: 1419: 1415: 1406: 1402: 1395: 1386: 1384: 1380: 1370: 1368: 1363: 1353: 1350: 1336: 1334: 1333:process owner 1326: 1323: 1320: 1317: 1314: 1311: 1308: 1305: 1302: 1299: 1296: 1293: 1292: 1291: 1286: 1281: 1278: 1275: 1268: 1263: 1260: 1256: 1252: 1249: 1244: 1239: 1231: 1229: 1225: 1221: 1220:Peter Drucker 1214:Peter Drucker 1211: 1209: 1205: 1204:United States 1201: 1197: 1193: 1183: 1181: 1180: 1174: 1172: 1168: 1162: 1157: 1155: 1152: 1148: 1144: 1129: 1127: 1123: 1119: 1110: 1108:organisation. 1106: 1103: 1102: 1101: 1095: 1091: 1087: 1083: 1079: 1076: 1072: 1069: 1066: 1065:core business 1062: 1061: 1060: 1057: 1048: 1046: 1041: 1036: 1032: 1028: 1024: 1012: 1007: 1005: 1000: 998: 993: 992: 990: 989: 984: 979: 974: 973: 972: 971: 964: 961: 959: 956: 952: 949: 948: 947: 944: 942: 939: 937: 934: 932: 929: 927: 924: 922: 919: 917: 916:Business plan 914: 912: 909: 907: 904: 903: 900: 895: 894: 887: 884: 882: 879: 877: 874: 872: 869: 867: 864: 862: 859: 857: 854: 852: 849: 847: 846:Communication 844: 842: 839: 837: 834: 833: 827: 826: 819: 816: 814: 811: 807: 806:administrator 804: 803: 802: 799: 797: 794: 792: 789: 787: 784: 782: 779: 777: 774: 770: 767: 766: 764: 761: 759: 756: 754: 751: 749: 746: 744: 741: 739: 736: 734: 731: 729: 726: 724: 721: 719: 716: 714: 711: 707: 704: 703: 701: 698: 696: 693: 689: 688:administrator 686: 685: 684: 681: 679: 676: 674: 671: 669: 666: 664: 661: 657: 654: 653: 651: 648: 646: 643: 639: 636: 635: 633: 630: 628: 625: 623: 620: 618: 615: 613: 610: 608: 605: 603: 600: 598: 597:Configuration 595: 593: 590: 586: 583: 582: 581: 578: 574: 571: 570: 569: 566: 564: 561: 559: 556: 554: 551: 549: 546: 544: 541: 539: 536: 535: 529: 528: 521: 518: 516: 513: 511: 508: 506: 503: 501: 498: 496: 493: 491: 488: 486: 483: 481: 478: 476: 473: 471: 468: 466: 463: 461: 458: 456: 453: 451: 448: 446: 443: 441: 438: 436: 433: 431: 428: 426: 423: 421: 418: 417: 411: 410: 403: 400: 398: 395: 393: 390: 388: 385: 383: 380: 378: 375: 373: 370: 368: 365: 363: 360: 358: 355: 353: 352:Mixed economy 350: 348: 345: 343: 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Retrieved 2465: 2455: 2443:. Retrieved 2433: 2414: 2408: 2397:. Retrieved 2393: 2383: 2374: 2346: 2341:Creech, Bill 2335: 2326: 2300: 2294: 2284:, retrieved 2249: 2239: 2227:. Retrieved 2223: 2213: 2204: 2200: 2187: 2168: 2158: 2139: 2129: 2116: 2097: 2076: 2071: 2063: 2058: 2050: 2045: 2035: 2030: 2010: 2003: 1983: 1976: 1957: 1947: 1938: 1904: 1898: 1879: 1843: 1833: 1814: 1779: 1744: 1702: 1629: 1617: 1613:organization 1606: 1584: 1571: 1560: 1551: 1540: 1531: 1513: 1506: 1498: 1488:social media 1481: 1469: 1457: 1449: 1429: 1424: 1423: 1412: 1400: 1392: 1376: 1365: 1347: 1330: 1324: 1319:Embeddedness 1318: 1313:Value-adding 1312: 1306: 1300: 1295:Definability 1294: 1288: 1283: 1279: 1270: 1265: 1261: 1258: 1254: 1250: 1246: 1241: 1237: 1217: 1208:Gantt charts 1189: 1177: 1175: 1164: 1159: 1154:Encyclopédie 1140: 1114: 1099: 1058: 1054: 1030: 1026: 1022: 1020: 957: 836:Architecture 830:Organization 796:Supply chain 622:Earned value 495:Stock market 372:Open economy 362:Econometrics 101:Conglomerate 2472:23 February 2445:23 February 2207:(1): 72–81. 1620:departments 1527:ERP systems 1475:(BPMN) and 1274:value chain 1224:outsourcing 1090:call center 1086:recruitment 951:Trade route 866:Engineering 861:Development 713:Performance 656:development 617:Distributed 490:Liquidation 131:Partnership 116:Corporation 111:Cooperative 2665:Categories 2399:2023-08-22 2286:2013-10-20 2261:, p.  1675:References 1574:rejections 1553:policies. 1465:JD Edwards 1461:PeopleSoft 1421:wastage. 1143:Adam Smith 1137:Adam Smith 1082:accounting 818:Technology 700:Operations 580:Commercial 573:innovation 563:Capability 455:Derivative 44:Accounting 2606:Six Sigma 2466:Analytics 1585:Business 1441:Instagram 1151:Diderot's 1040:flowchart 886:Structure 871:Hierarchy 791:Strategic 678:Materials 668:Knowledge 645:Financial 585:Marketing 430:Factoring 425:Insurance 327:Commodity 320:Economics 2371:28508067 2353:New York 2343:(1994), 2323:27644834 2281:32394752 2247:(1995), 2229:9 August 1638:See also 1518:manually 1437:Facebook 1433:websites 1349:Workflow 1344:Workflow 1307:Customer 1126:workflow 1051:Overview 876:Patterns 856:Conflict 841:Behavior 781:Security 758:Resource 743:Property 706:services 663:Incident 602:Conflict 558:Capacity 261:Chairman 216:Contract 2615:Making 2328:across. 1563:reports 1445:Twitter 1132:History 851:Culture 801:Systems 786:Service 765:  753:Records 748:Quality 738:Project 733:Product 723:Process 702:  683:Network 652:  634:  607:Content 414:Finance 96:Company 2619:Happen 2582:  2549:  2524:  2499:  2421:  2394:Forbes 2369:  2359:  2321:  2311:  2279:  2269:  2224:Forbes 2175:  2146:  2104:  2018:  1991:  1964:  1911:  1886:  1850:  1821:  1787:  1751:  1709:  1591:M.I.S. 1443:, and 1179:per se 813:Talent 769:crisis 695:Office 568:Change 2197:(PDF) 1301:Order 1120:is a 1035:tasks 1029:, or 899:Trade 881:Space 776:Sales 718:Power 673:Legal 543:Brand 538:Asset 61:Audit 2580:ISBN 2547:ISBN 2522:ISBN 2497:ISBN 2474:2018 2447:2018 2419:ISBN 2367:OCLC 2357:ISBN 2319:OCLC 2309:ISBN 2277:OCLC 2267:ISBN 2231:2021 2173:ISBN 2144:ISBN 2102:ISBN 2016:ISBN 1989:ISBN 1962:ISBN 1909:ISBN 1884:ISBN 1848:ISBN 1819:ISBN 1785:ISBN 1749:ISBN 1707:ISBN 1607:The 763:Risk 78:list 2572:doi 2263:596 1147:pin 505:Tax 2667:: 2578:. 2491:. 2464:. 2392:. 2373:, 2365:, 2351:, 2325:, 2317:, 2303:, 2275:, 2265:, 2257:: 2253:, 2222:. 2203:. 2199:. 2138:. 2096:. 2084:^ 1937:. 1923:^ 1907:. 1862:^ 1799:^ 1763:^ 1743:. 1721:^ 1701:. 1683:^ 1439:, 1210:. 1092:, 1088:, 1084:, 1047:. 1025:, 1021:A 2588:. 2574:: 2555:. 2530:. 2505:. 2476:. 2449:. 2427:. 2402:. 2233:. 2205:1 2181:. 2152:. 2110:. 2024:. 1997:. 1970:. 1917:. 1892:. 1856:. 1827:. 1793:. 1757:. 1715:. 1010:e 1003:t 996:v 305:/ 296:/ 277:/ 268:/ 80:) 76:( 20:.

Index

Business strategy
Business administration
Accounting
Management accounting
Financial accounting
Audit
Business entity
list
Corporate group
Corporation sole
Company
Conglomerate
Holding company
Cooperative
Corporation
Joint-stock company
Limited liability company
Partnership
Privately held company
Sole proprietorship
State-owned enterprise
Corporate governance
Annual general meeting
Board of directors
Supervisory board
Advisory board
Audit committee
Corporate law
Commercial law
Constitutional documents

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