Question

In: Accounting

List and discuss some basic principles of business process management. Cite at least 2 references in...

List and discuss some basic principles of business process management. Cite at least 2 references in your response.

Solutions

Expert Solution


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


Related Solutions

Discuss the basic principles of cash management.
Discuss the basic principles of cash management.
List the basic principles of the distillation tower at least 4 principles and why there are...
List the basic principles of the distillation tower at least 4 principles and why there are several design techniques? I need the answer in obvious and clear script not by handwriting please.
Discuss the factors affecting the permeability of the plasma membrane. Cite references
Discuss the factors affecting the permeability of the plasma membrane. Cite references
In at least 225 words answer the following: (Please cite any references used) What is the...
In at least 225 words answer the following: (Please cite any references used) What is the difference between top-down and participative budgeting? Which method do you think is the most effective, and why?
1: List and discuss at least five characteristics of a legally sound performance management system 2:...
1: List and discuss at least five characteristics of a legally sound performance management system 2: Performance assessment with regard to teams includes the assessment of what types of performance? 3: There are several reason why contingent pays plans may not work as intended. Please list and describe three of these possible reasons.
1. Explain four of the basic principles of lending. 2. List twelve elements that should be...
1. Explain four of the basic principles of lending. 2. List twelve elements that should be included in a banks credit policy.
What are the five basic functions of the management process?Explain some of the specific activities...
What are the five basic functions of the management process? Explain some of the specific activities involved in each function. Which function is most closely associated with human resource management?
Explain the basic principles and tools of budget and resource management
Explain the basic principles and tools of budget and resource management
Explain the basic principles and tools of budget and resource management
Explain the basic principles and tools of budget and resource management
1.               What are the basic principles of ethics? 2.               Can you name some of the pers
1.               What are the basic principles of ethics? 2.               Can you name some of the personal information collected by websites about their visitors? 3.               Can you name three ways online advertising networks have improved on, or added to, traditional, offline marketing techniques?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT