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Why does a company need to manage its business processes?

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Added on  2020-03-16

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BUSINESS PROCESS MANAGEMENT BUSINESS PROCESS MANAGEMENT Author note: Essay on ‘Why does a company need to manage their business processes?” Introduction Each and every organization in any industry must continuously innovate and improve its business processes in order to be competitive and successful and to maintain that position. In a company, the processes play a very major role in pushing the company to achieve the business strategies and goals by aligning the technology, resources and supporting structures towards the achievement of the desired outcomes or promoting the competitive advantage. BPM is

Why does a company need to manage its business processes?

   Added on 2020-03-16

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Running head: BUSINESS PROCESS MANAGEMENTBusiness Process ManagementName of the Student:Name of the University:Author note:
Why does a company need to manage its business processes?_1
1BUSINESS PROCESS MANAGEMENTEssay on ‘Why does a company need to manage their business processes?”IntroductionEach and every organization in any industry must continuously innovate and improve itsbusiness processes in order to be competitive and successful and to maintain that position.Failing to do so will result in lower revenues, lower performance and productivity of theemployees and less satisfied customers. Hence, business process management is extremelyimportant in modern business world. To keep all the operations run systematically and in anorganized manner, all the companies must manage the business processes (Jeston and Nelis2014). A business process can be defined as the collection of interconnected tasks, which all endin the delivery of a product or service to the client or consumer. In other words, the businessprocess is a set of jobs and activities, which leads to the achievement of the organizational goalonce completed. These activities must be managed by a company to perform efficiently (VanDer Aalst 2013). DiscussionBusiness Process Management (BPM) is a very essential operation for a company tomanage all the tasks efficiently and increase the production. According to Hammer (2015),Business Process Management represents a discipline, which improves the performance of anenterprise by driving the business agility and operational excellence. In a company, the processesplay a very major role in pushing the company to achieve the business strategies and goals byaligning the technology, resources and supporting structures towards the achievement of thedesired outcomes or promoting the competitive advantage. BPM is the management approachand type of methodology to address the business strategies, which allows the businesses to grow
Why does a company need to manage its business processes?_2
2BUSINESS PROCESS MANAGEMENTor function in a cost effective manner, clubbed with desired flexibility, visibility and speed(Rosemann and vom Brocke 2015). The perspective to BPM differs from one person to the other. For some people, BPM istechnology only, which is the evolution of the application development and is a mean to achievethe process automation. For the others, BPM is about optimization of the business processes.Some people say that BPM is a way of communication about the operations and strategies of thebusiness and how to complete the jobs efficiently. Again, for some people, this is a method forgaining visibility on how the things are actually working (Van Der Aalst 2013). Hence, these areall different perspectives but contribute in the definition of the BPM.Figure 1: Business Process Management(Source: Espenson 2017)There are few main reasons why does a company need to manage business process, i.e.,need to apply the business process management. It helps to achieve efficiency, higher quality,
Why does a company need to manage its business processes?_3

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