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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