Organization Structure 3
Organization Structure 3
: Reengineering
Reengineering, also called process redesign and business process
reengineering (BPR), involves the radical redesign of business processes,
organizational structures, information systems, and values of the
organization to achieve a breakthrough in business results. Successful
reengineering can reduce delivery time, increase product and service
quality, enhance customer satisfaction, and increase revenues and
Innovation is the application of new ideas to the
products, processes, and activities of a firm,
leading to increased value. Innovation is the
catalyst for the growth and success of any
organization. It can build and sustain profits,
create new challenges for the competition, and
.provide added value for customers
Innovation and change are absolutely required in
today’s highly competitive global environment;
without both, the organization is at risk of losing
its competiveness and becoming obsolete
: Outsourcing
Outsourcing is a long-term business arrangement in which a
company contracts for services with an outside organization that
has expertise in providing a specific function. Organizations often
outsource a process so they can focus more closely on their core
business—and target their limited resources to meet strategic
.goals
: Downsizing
Downsizing, a term frequently associated with outsourcing,
.involves reducing the number of employees to cut costs