In: Accounting
List and discuss some basic principles of business process management. Cite at least 2 references in your response.
Following are the principles of business process managamman
The core principle of business process management (BPM) is that processes are key to the success of an organization - how a company continuously transforms the business processes from X to Y is the essence of the company, where X is the current stateand Y is the desired state.
Business process management means to improve these operations through better process design, modeling, analysis, and execution.
Implicit in the preceding discussion are a number of fundamental
principles that must be honored in order to deliver business
results to customers and to satisfy the needs of the organization's
other stakeholders. These principles underlie the methods of
business operation and change. Understanding and living according
to these principles will get managers and practitioners alike
through some tough debates about managing processes. Without the
principles, teams can easily get lost and distracted from the
intent of the journey.
Business change must be performance driven.
Business change must be stakeholder based.
Business change decisions must be traceable to the stakeholder criteria.
The business must be segmented along business process lines to synchronize change.
Business processes must be managed holistically.Processrenewal initiatives must be conducted in an iterative, time-boxed approach