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  2. List of business terms - Wikipedia

    en.wikipedia.org/wiki/List_of_business_terms

    Tried and tested methodology/process Blue sky thinking Idealistic or visionary ideas, not always with practical application (source: BBC) Bottleneck Where a process is held up Cascade Array of possible actions to take in response to a problem: protocol Check in the box Complete the task Cross-functional Works in multiple directions simultaneously

  3. Glossary of project management - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_project_management

    Solutions often include a systems development component, but may also consist of process improvement or organizational change. Business operations are those ongoing recurring activities involved in the running of a business for the purpose of producing value for the stakeholders. They are contrasted with project management, and consist of ...

  4. Business transformation - Wikipedia

    en.wikipedia.org/wiki/Business_transformation

    [2] Others describe Business Transformation as "the process of fundamentally changing the systems, processes, people and technology across a whole business or business unit. As such, a business transformation project is likely to include any number of change management projects, each focused on an individual process, system, technology, team or ...

  5. Business process re-engineering - Wikipedia

    en.wikipedia.org/wiki/Business_process_re...

    BPR is influenced by technological innovations as industry players replace old methods of business operations with cost-saving innovative technologies such as automation that can radically transform business operations. [2] Business process re-engineering is also known as business process redesign, business transformation, or business process ...

  6. Business process orientation - Wikipedia

    en.wikipedia.org/wiki/Business_process_orientation

    Business process orientation has also led to successes when applied to medium and small scale business that is properly setup. Process orientation, and its relationship to improved cross-functional interaction, was introduced almost fifteen years ago by Michael Porter. He introduced the concept of interoperability across the value chain as a ...

  7. Change management - Wikipedia

    en.wikipedia.org/wiki/Change_management

    As a multi-disciplinary practice that has evolved as a result of scholarly research, organizational change management should begin with a systematic diagnosis of the current situation in order to determine both the need for change and the capability to change. The objectives, content, and process of change should all be specified as part of a ...

  8. Process-based management - Wikipedia

    en.wikipedia.org/wiki/Process-based_management

    Process-based management is a management approach that views a business as a collection of processes, managed to achieve a desired result. [1] Processes are managed and improved by the organisation for the purpose of achieving its vision , mission and core values.

  9. Business process - Wikipedia

    en.wikipedia.org/wiki/Business_process

    A business process, business method, or business function is a collection of related, structured activities or tasks 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 ...