Business Process Re-engineering (BPR) contributes to the expansion of value in a business by improving process efficiency and leveraging new BPR best practices. This focus on function-specific projects expands into core business processes, leading to value expansion. Value chains are optimized through business process redesign, and as the redesign reaps benefits for the organization, an enterprise-wide transformation occurs. This transformation ultimately redefines the organization's strategic value, making it more innovative.

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Business Process Re-engineering (BPR)

How do you cut costs and streamline workflows that are vital to your organization? Consider business process re-engineering, a systematic overhaul to...

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For instance, as process efficiency improves with BPR and new BPR best practices are leveraged, the focus on function-specific projects expands into core business processes, and value expansion happens. Value chains are focused on and optimized through business process redesign and as the redesign reaps benefits for the organization, an entire enterprise-wide transformation occurs. As this occurs, the organization's strategic value is ultimately redefined and more innovative. (Slide 11)

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Focusing on value chains and business process redesign enhances an organization's strategic value by improving efficiency and innovation. By concentrating on these areas, organizations can optimize their core business processes, leading to value expansion. As the redesign yields benefits, it triggers an enterprise-wide transformation, redefining the organization's strategic value and fostering innovation.

Business Process Re-engineering (BPR) has several practical applications in cost-cutting and workflow streamlining. Firstly, BPR can help in identifying and eliminating redundant and non-value-adding activities, thus reducing costs. Secondly, it can help in redesigning the workflow to make it more efficient and streamlined. This can lead to faster turnaround times and lower operational costs. Thirdly, BPR can help in automating certain tasks, which can further reduce costs and improve efficiency. Lastly, BPR can help in redefining the organization's strategic value, making it more innovative and competitive.

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