Question
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?
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