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Management · Q104

Management Accounting

Graduate and Post Graduate · Management · question 104

Q104

Fundamental redesigning and rethinking of business processes to improve critical measures such as quality, speed, cost and customer satisfaction is called

A.
reengineering
Answer
B.
differentiation
C.
bargaining
D.
targeting

Answer: Option A

Solution

Answer: Option A
Solution:
Fundamental redesigning and rethinking of business processes to improve critical measures such as quality, speed, cost and customer satisfaction is called reengineering. Reengineering is most commonly defined as the redesign of business processes and the associated systems and organizational structures to achieve a dramatic improvement in business performance.