Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Corporations aim to structure themselves in a manner that will maximize their resources and processes in the most efficient manner. The processes inherent to a

Corporations aim to structure themselves in a manner that will maximize their resources and processes in the most efficient manner. The processes inherent to a companies’ core competencies demand that the input, transformation, and output yield the most benefit to the company (Betz, 2002). The input, transformation, and output process should support a framework for, poised to create synergy between organizational approaches, the existing systems in the company, and stakeholders’ concerns (Melao & Pidd, 2000). The combination of the input, transformation, and output would be components of a business process (Betz, 2002). A business process should provide a company with a structure detailing the events that lead to the achievement of objectives resulting in the company’s desired end state. The process model can provide an inclusive comprehension of a process which allows the company to examine itself. A business entity can be analyzed via its business processes. This analysis provides a path to properly identifying the systems that are best suited for the company. Think of the importance of Annual Productivity Gains and consider the impact of eliminating lost time and physical waste. Professor's Guidance: Should all types of organizations-manufacturing and service, for profit and non-profit-adopt lean thinking and eliminate all forms of waste in this new marketplace, post-COVID? Why or why not?

Step by Step Solution

3.53 Rating (163 Votes )

There are 3 Steps involved in it

Step: 1

The adoption of lean thinking and the elimination of all forms of waste can be beneficial for all types of organizations regardless of whether they are manufacturing or serviceoriented forprofit or no... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management A Practical Introduction

Authors: Angelo Kinicki, Brian Williams

5th edition

978-1111821227, 9781133190363, 1111821224, 1133190367, 978-0078112713

More Books

Students also viewed these General Management questions

Question

What research studies are you interested in conducting?

Answered: 1 week ago

Question

Define Administration and Management

Answered: 1 week ago

Question

Define organisational structure

Answered: 1 week ago

Question

give guidelines for improving exercise adherence.

Answered: 1 week ago