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Doing a static business in today's cut throat competition is like living on the edge of a mountain. One miscalculated step, and everything would go down the cliff. Technologies to techniques, everything is changing the speed never even wondered and thus everyone has to be on their toes to quickly adapt and get going with the change.
With a tremendous roar happening around Business process improvement, there are many theories and concepts being constantly adapted, molded and remolded.One concept which works well for one enterprise may just flip another enterprises and bring nothing good out of it. It is therefore very essential to understand each concept and choosing the best one to incorporate in your business. There are two basic concepts which are used interchangeably by everyone but have a huge difference in terms of their application. Two such concepts are: Business Process Management and Business Process Re-engineering.
Let's first begin by understanding the two concepts.
Business process management is described as a process and management discipline that analyzes, implements, documents, monitors, controls and sometimes redesigns the business processes.
On the other hand, Business Process Re-engineering is a "radical approach" to current business process. Business process reengineering necessarily means replacing the existing system. Business process re-engineering does not prophesize on documenting or implementing certain changes in the existing business processes. It only takes into consideration the input and the desired output and comes up with an efficient process to achieve the aim.
Business Process Management can be looked at as a soft approach which considers the current processes, and believes in flexibility. However, the business process reengineering strives to create a perfect process from scratch and lays emphasis on replacing manual labor by automation.
Business Process Management is a continual process which aims at attaining efficiency throug
Implementation of BPM - Three Key Aspects
Business Process Management If we go a level deeper, there are three main benefits business process management delivers to an organization.
First, BPM helps to focus on what really matters. Studies and research show, that a company only competes with 15 to 20 percent of their processes. 80+ percent are commodity processes that you need to have, that you need to perform, but they can be performed on an industry average level. You cannot gain a competitive advantage by being the best, e.g. in ordering your toilet paper. You need to focus your innovation and optimization activities on what really matters, the 15+% of high impact processes. BPM helps to set the right focus by providing the necessary transparency over the operations of an organization and related specific tools and approaches.
The second big impact of BPM is to "Improve in the appropriate context". Process management is not about just applying one improvement method. Many organizations still think they can apply Six-Sigma everywhere and that's the solution. No, not at all. In our digital world, there are areas where you lead with technology, where you automate and other areas where you can try first your people-centric more traditional methods. And there are lots of areas where you combine both. There are processes where you need to innovate, where you apply techniques like design thinking. BPM helps you to select the right approaches, for a specific process in a specific company context. That's improvement the right way. That is the second very important ingredient that BPM brings to an organization.
The third aspect is that BPM, BPM helps to sustain those improvements. Again many organizations struggle with the fact that they improve for example their customer relationship process and half a year later they have the same or similar problems again.
A value-driven BPM-Discipline puts the right governance around those processes in place to keep them on track, f
To implement and continue with business processes to gain long-term benefits, industry professionals needs BPM training from the experts. Q3edge is your partner for Business Excellence. We are a Business Process Management Solution Company.
We also have LEAN and Six Sigma Training Programs for corporates and other industries.
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Business Process Management using ARIS
About the Program
Process Compliance can be hard. Almost all processes require in depth understanding and acceptance from all stakeholders for successful implementation. The difficult part is to break functional silos and define a process which reflects true business values with complete end to end visibility. A significant part of process definition is to use a method which collaborate all business users to define processes to strengthen business operations.
ARIS Architect & ARIS Designer are two tools offering one powerful way to model your processes and then optimize your business. Together these products create a collaborative process design tool that is easy to access and easy to use. Virtually any one can design agile processes to improve business performance, from product development to sales and services.
This two days program will help the participants to design business processes using best process modeling conventions. It will also help participants map out the likely consequences in process definition and prepare for best course of action to accelerate business process re-engineering and process compliance.
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NEP: New Economics Papers
Urban and Real Estate Economics
Edited by: Steve Ross
University of Connecticut
Issue date: 2012-04-17
Papers: 23
Note: Access to full contents may be restricted.
NEP is sponsored by SUNY Oswego.
To subscribe/unsubscribe follow this link http://lists.repec.org/mailman/options/nep-ure
In this issue we have:
Is India's Manufacturing Sector Moving Away From Cities?
Ejaz Ghani; Arti Grover Goswami; William R. Kerr
A Regional Model of Endogenous Growth with Creative Destruction
Steven Bond-Smith
Local average neighborhood effects from moving to opportunity
Dionissi Aliprantis; Francisca G.-C. Richter
Compulsory Schooling Laws and In-School Crime: Are Delinquents Incapacitated?
Gregory A. Gilpin; Luke A. Pennig
What price a roof? Housing and the cost of living in 16th-century Toledo
Drelichman, Mauricio; Gonzalez Agudo, David
Well-Being in Germany: GDP and Unemployment Still Matter
Johannes Vatter
Landfill Diversion in a Decentralized Setting: a Dynamic Assessment of Landfill Taxes
Massimiliano Mazzanti; Francesco Nicolli
Taxing home ownership: distributional effects of including net imputed rent in taxable income
Francesco Figari; Alari Paulus; Holly Sutherland; Panos Tsakloglou; Gerlinde Verbist; Francesca Zantomio
Early Childhood "Pay-For-Success" Social Impact Finance: A PKSE Bond Example to Increase School Readiness and Reduce Special Education Costs
Robert Dugger; Robert Litan
Complex Methods in Economics: An Example of Behavioral Heterogeneity in House Prices
Bolt, W.; Demertzis, D.; Diks, C.G.H.; Van der Leij, M.J.
Robust Test for Spatial Error Model:Considering Changes of Spatial Layouts and Distribution Misspecification
Guo, Penghui; Liu, Lihu
Comparing Treatments across Labor Markets: An Assessment of Nonexperimental Multiple-Treatment Strategies
Carlos A. Flores; Oscar A. Mitnik
Understanding Places Using a Mixed Method Approach
Deutsch, Kathleen E; Goulias, Konstadinos G.
Hope VI Fairfield Court Neighborhood: 2011 Evaluat
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Awareness of Business Process Management is spreading like fire. Everyone is talking about bringing about change in their business Processes either to sustain the business or to book their profits. Considering the increasing interest in improving Business Process, there are a lot of agencies which have created a business out of it. Many agencies have come up with a variety of plans which claim to improve the business processes and bring about the desired change in the company's existing performance through efficient business processes.
There are different schemes that these companies come up with, business process consultancy, project based business process management, business process outsourcing, and many other luring terms. These plans offered may seem promising and potent, but there are many flaws that these companies generally have. Of all the schemes, the most insisted scheme is Business Process outsourcing. As easy and convenient outsourcing of Business Process may sound, it has potential to many threats.
Here are a few insights on BPM Outsourcing that explain how it will not benefit your company:
1. Integral to Business: A business process is never one that fits all. Each organization is unique and has its own way of functioning. In fact the uniqueness in these processes is the one that makes each enterprise different from the other. If business processes are outsourced, the uniqueness will have no meaning.
2. Confidentiality: In the cut throat competition where all the businesses procure at the same rate as well as all the products are priced at the same rate. The difference in profit margins is due to the difference in business processes of organizations. The cost cutting, and cost saving all are the outcomes of efficient business processes. No organization would want to make their profit earning secrets public. Outsourcing BPM means relieving all your business secrets to an outsider, making your ideas public!
3. Involvement: Any agency that offers Busin
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