Question

identify the critical elements of reengineering in 8 ways

Answer 1

Ans) Proper execution of Business Process:

- Reengineering can be a game-changer to any business. If properly handled, business process reengineering can perform miracles on a failing or stagnating company, increasing the profits and driving growth.

- Business process reengineering, however, is not the easiest concept to grasp.

- It involves enforcing change in an organization – tearing down something people are used to and creating something new.

And that’s not an easy task.

Business Process Reengineering Steps
Step #1: Identity and Communicating the Need for Change
Risk of Failure: Not Getting Buy-In From The Company
Step #2: Put Together a Team of Experts
Risk of Failure: Not Putting The Right Team Together
Step #3: Find the Inefficient Processes and Define Key Performance Indicators (KPI)
Risk of Failure: Inability to Properly Analyze Processes
Step #4: Reengineer the Processes and Compare KPIs

- Business process reengineering is the act of recreating a core business process with the goal of improving product output, quality, or reducing costs.

- Typically, it involves the analysis of company workflows, finding processes that are sub-par or inefficient, and figuring out ways to get rid of them or change them.

- Business process reengineering became popular in the business world in the 1990s, inspired by an article called Reengineering Work: Don’t Automate, Obliterate which was published in the Harvard Business review by Michael Hammer.

- His position was that too many businesses were using new technologies to automate fundamentally ineffective processes, as opposed to creating something different, something that is built on new technologies.

- Think, using technology to “upgrade” a horse with lighter horseshoes which make them faster, as opposed to just building a car.

- In the decades since, BPR has continued to be used by businesses as an alternative to business process management (automating or reusing existing processes), which has largely superseded it in popularity.

- And with the pace of technological change faster than ever before, BPR is a lot more relevant than ever before.