ENTREPRENEURSHIP

Detailed explanation-1: -What Is Business Process Reengineering? Business Process Reengineering is the radical redesign of business processes to achieve dramatic improvements in productivity, cycle times, quality, and employee and customer satisfaction. Companies start by assessing what work needs to be done to deliver customer value.

Detailed explanation-2: -Radical redesign means getting to the root of things: not making superficial changes or fiddling with what is already in place, but throwing away the old. In reengineering, radical redesign means disregarding all existing structures and procedures and inventing completely new ways of accomplishing work.

Detailed explanation-3: -What is business process redesign (BPR)? Business process redesign-or business process reengineering-is a strategy for building better businesses by optimizing the processes that help the business achieve its goals. It does not assume that incremental changes are ideal.

Detailed explanation-4: -Business Process Re-engineering (BPR) is the radical redesign of business processes to achieve dramatic improvements in critical aspects like quality, output, cost, service, and speed. Business process reengineering (BPR) aims at cutting down enterprise costs and process redundancies on a very huge scale.

Detailed explanation-5: -One reason the change in BPR is radical rather than incremental is the avoidance of getting trapped by the way things are currently being done. Rapid IT innovation and increasingly intensive global competition are the two main reasons why organizations need to consider the introduction of radical change.