Business Process Management: Strategies and Approaches

Running head: BUSINESS PROCESS MANAGMENT
BUSINESS PROCESS MANAGMENT
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2BUSINESS PROCESS MANAGMENT
Table of Contents
Business Process Strategy lecture..............................................................................................3
1. Porter’s five forces model...............................................................................................3
Summary.............................................................................................................................3
Reason for selecting this.....................................................................................................3
Relevance of Porter’s Five Forces to Business process strategy........................................3
2. The Balanced Scorecard Approach.................................................................................3
Summary.............................................................................................................................3
Reason for selecting this Balanced Scorecard Approach...................................................4
Relevance to the to the Business process strategy..............................................................4
3. The three phase process for strategy formation..............................................................4
Organizational Processes and Structure Lecture........................................................................5
4. Process Change methodology.........................................................................................5
Reference List............................................................................................................................6

3BUSINESS PROCESS MANAGMENT
Business Process Strategy lecture
1. Porter’s five forces model.
Summary
Porter’s five forces model maps the competitive position of any organisation within the
industry. It indicates the organization’s strength in the context of five parameters, namely
bargaining capacity of the buyers and that of the suppliers, the threat of the market substitutes
and the rivalry among that exists among the competitors.
Reason for selecting this
Porter’s five forces indicate the profitability that the organisation would be able to achieve in
the long run and conclusively all business related strategies would be computed according to
the dominion of the company in the industry (Schoemaker, 2016). This is why it is justified to
highlight this business model as a business process strategy.
Relevance of Porter’s Five Forces to Business process strategy
An example can be cited in this context. In case, there is availability of the same product
from various suppliers, the buyers are in a position with high bargaining power. In another
case, if there are low market entry options in the market new entrant are easily attracted to
enter the market. For instance availing a market entry in the home cleaning business is much
easier than entering in to the productions business. Hence it is evident that the business
processes are dependent on the outcomes of the analysis of the Porter’s Model heavily.
2. The Balanced Scorecard Approach.
Summary