Business improvement

From CEOpedia | Management online

Improvement of Business Processes is one of the forms of improving the functioning of an enterprise, which is based on[1]:

Improvement is carried out without major changes in the organizational structure of the company and the way it operates[2]. From the very beginning of the company's establishment, the process of its improvement takes place[3]. Companies increasingly invest in innovative technological solutions, improve processes, organization, thus trying to gain an advantage over competitors[4]. Speaking of improving business processes, we can talk about the relationship between the company's space and the behavior of people[5].

Business process improvement

Business process improvement can be explained in terms of[6]:

Benchmarking

It is also worth mentioning Benchmarking. Benchmarking allows organizations to improve on the basis of learning from the best. It can be effectively used by various types of organizations in all areas of their functioning[7].

Generally, these processes are perceived positively and we can talk about the benefits of using them. Business owners perceive business improvement processes as a mechanism useful to obtain the necessary funds to improve experience and compete successfully against other enterprises[8]. Thanks to the use of processes that improve business, the enterprise brings significant benefits such as showing your more competitive local economy or an improved trading environment[9].

On the other hand, some entrepreneurs are not unconvinced about them "Specifically, skeptics suggest that BIDs are a threat to democratic accountability, create wealth-based inequities in the delivery of services, and negatively impact adjacent residential neighborhoods."(Hoyt L. M., 2005)[10].

Conclusions

Improving business is an important and ongoing process[11]. It is estimated that the implementation of these processes lasts from 1.5 to 3 years, and the risk of introducing them is relatively small[12].

Business improvementrecommended articles
Transformational outsourcingCost reductionStrategy and information technologyStrategic cost managementTypes of organizational changeInnovation managementMethods of restructuringKnowledge management systemExamples of strengths

References

Footnotes

  1. Snee,R.D.(2004)
  2. Snee,R.D.(2004)
  3. Cook I. R.(2008)
  4. Cook I. R.(2008)
  5. Hoyt L. M.(2005)
  6. Snee,R.D.(2004)
  7. Cook I. R.(2008)
  8. Hoyt L. M.(2005)
  9. Cook I. R.(2008)
  10. Hoyt L. M.(2005)
  11. Hoyt L. M.(2005)
  12. Snee,R.D.(2004)

Author: Daria Ziętara