The purpose of reengineering is to:

A. Identify and abandon the outdated rules and fundamental assumptions that guide current business operations.
B. Adopt a product management approach to doing business.
C. Implement the latest technology in all functional divisions of the business.
D. Make sure that the company is operating at the postconventional ethical level.
E. Identify and establish international markets.

Question

21-07-2024
Business

Answered

The purpose of reengineering is to:

A. Identify and abandon the outdated rules and fundamental assumptions that guide current business operations.
B. Adopt a product management approach to doing business.
C. Implement the latest technology in all functional divisions of the business.
D. Make sure that the company is operating at the postconventional ethical level.
E. Identify and establish international markets.

Answer :

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Final answer:

Reengineering in business involves identifying and abandoning outdated rules, revising and redesigning the corporation, and optimizing business processes for competitive delivery.

Explanation:

Reengineering in business aims to identify and abandon outdated rules and fundamental assumptions guiding current operations, revising and redesigning the corporation as a new operating system to address social and sustainability concerns.

Through globalization, companies are reinventing their organizational structures and management paradigms to achieve global scale and process efficiency by replacing old centralized control and decentralized autonomy models.

Operational excellence entails relentless efforts to minimize costs, eliminate production steps, and optimize business processes to deliver products or services at competitive prices with minimal inconvenience.

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