Business Process Innovation


 

Business Process Innovation

   Process innovations increase bottom-line profitability, reduce costs, improve efficiency, improve productivity, and increase employee job satisfaction. They also deliver enhanced product or service value to the customer. For manufacturing companies, process innovation include such things as integrating new production methods and technologies that lead to improved efficiency, quality, or time-to-market, and services that are sold with those products. To lead in this business environment is to embrace change. Every business process must be both thorough and yet quickly adaptable. Business process innovation, continuous process improvement and speed of change are the key opportunities for competitive differentiation.

   The essence of the enterprises-wide business process management innovation is that, "based of the mathematics, we now understand data, procedure, workflow and distributed communication not as apples, oranges, and cherries, but a one new business "information type" the business process.

 

Source: http://www.1000ventures.com/business_guide/innovation_process.html

Source: http://www.cordys.com/cordyscms_com/business_process_innovation.php