Business processes also vary in duration, complexity and number of steps depending on the nature of the task. Fundamentally, a business process is supposed to represent a core operation for the business to accomplish a specific outcome. There are two ways to determine the steps in a business pr...
The STW is a thorough document in which the process workflow is broken into a number of consecutive work elements whose processing times are labelled according to their nature and required resources. Developing the STW for business processes in the manufacturing environment is quite common; however,...
A To-Be business process outlines how a company's process, culture, and capabilities will appear in the future. It serves as a roadmap for change, identifying where the organization needs to be in order to achieve its goals. The purpose of a To-Be business process is to provide a clear...
Before we jump into a deeper discussion of business process optimization, it makes sense to develop a common understanding of what exactly it is. Business process optimization aims to improve business processes, with the goal of maximizing efficiency. There are a number of reasons ...
Guided by business development strategies, teams can effectively identify growth opportunities and develop new relationships or nurture existing relationships with key partners. This tactic can open your business to new possibilities and expanded markets while improving your brand's image, giving it a com...
What is business process optimization? Before we jump into a deeper discussion of business process optimization, it makes sense to develop a common understanding of what exactly it is. Business process optimization aims to improve business processes, with the goal of m...
There is so much you could do togrow your business. You could develop new business partnerships, build new features for your product, or add new products and services. It’s an ever-growing list of seemingly good ideas. But you can only do so much with the time and resources available,...
How do I turn an idea into a business? To turn an idea into a business, you need to identify a customer base through market research, conduct competitive analysis to hone your message, and develop a business plan that outlines both your profit potential and how you'll reach it. ...
Learning how to start an eCommerce business can be a complex endeavor. To put your business on the path to success, you need more than an idea; you need a plan. This post provides a step-by-step guide to the process of starting a business, from initial inspiration to the first online...
"IT can do this by participating in their own strategic planning exercises and by clearly documenting what business processes they currently participate in and what processes they need to develop," she explained. Nor is it ever enough to simply communicate the company's vision or mission to depar...