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Why companies go for business process re-engineering with the help of technology?1. Customers demand and expectations are continuously increasing.2. IT being leveraged to provide competitive edge in products and services at lower costs.3. The pace of change has accelerated with the liberalisation of economies world over.4. All of these

Answer» Correct Answer - Option 4 : All of these

The correct answer is All of these.

  • Companies go for business process re-engineering with the help of technology because-
    • Customers demand and expectations are continuously increasing.
    • IT being leveraged to provide a competitive edge in products and services at lower costs.
    • The pace of change has accelerated with the liberalisation of economies world over.
    • Hence all the statements are correct.

 

  • Business process re-engineering is a business management strategy, originally pioneered in the early 1990s, focusing on the analysis and design of workflows and business processes within an organization.
  • BPR aimed to help organizations fundamentally rethink how they do their work in order to improve customer service, cut operational costs, and become world-class competitors.
  • BPR seeks to help companies radically restructure their organizations by focusing on the ground-up design of their business processes.
  • Re-engineering emphasized a holistic focus on business objectives and how processes related to them, encouraging full-scale recreation of processes rather than iterative optimization of sub-processes.


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