Business Process Management
What is Business Process Management?
Business processes are at core of what makes a business stand out—and what differentiates it from the competition. Business processes that deliver the promise of, business visibility, operational experience, and agility give the firm a winning edge over the competition. Especially In today’s world, where change is the only constant and with newer challenges every day, the need to innovate is imperative. Business performance analysis involves the application of strategic, tactical, and operational methods according to different criteria: target group, aggregation of results, and the time factor. Business performance is typically associated with the figures used to measure financial success, such as revenues, profits, cash flow, etc. Normally; however, it is not possible to influence these financial indicators directly; rather, they are the result of business processes that represent the organization’s operational activities.