Primary navigation:

QFINANCE Quick Links
QFINANCE Topics
QFINANCE Reference
Add the QFINANCE search widget to your website

Home > QFINANCE Dictionary > Definition of business process reengineering

Definition of

business process reengineering

General Management

review and change to benefit organization the initiation and control of the change of processes within an organization, in order to derive competitive advantage from improvement in the quality of products. Business process reengineering requires a review and imaginative analysis of the processes currently used by the organization. BPR, therefore, has similarities to benchmarking, as this review of processes can reveal critical points where significant improvements in quality can be made. Business process reengineering was at the height of its popularity in the early to mid-1990s. It has been criticized as one of the root causes of the bouts of downsizing and delayering that have affected many parts of industry. It has also received a negative press because few BPR projects have delivered the benefits expected of them.

Related definitions of "business process reengineering"

Recommended Further Reading (Term count)
  • Business Process Reengineering
    This checklist explores the concept of business process reengineering.
  • Profitability Analysis Using Activity-Based Costing
    by Priscilla Wisner
    Cost allocation in firms can provide misleading information about the profitability of products, product lines, customers, and markets. Traditional cost allocation practices allocate all manufacturing overhead costs using a single driver such as direct labor hours, direct labor dollars, or machine hours. Sales-related costs are typically ignored. While technically accurate, in most complex organizations a single overhead cost driver is not...
  • A Holistic Approach to Business Risk Management
    by Terry Carroll
    After arguably the greatest credit crisis in history, it is unsurprising that lenders, borrowers, and investors alike have become preoccupied with financial risk. Its magnitude seems to have dwarfed all other business risk considerations. It can be hard to take a pragmatic view when the strictures in the financial markets may have put the corporation at risk, but the correct perspective is for all risk to be captured in a holistic...
business process reengineering - Related Articles

More

Definitions of ’business process reengineering’ and meaning of ’business process reengineering’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’business process reengineering’ and other financial terms with our online QFINANCE Financial Dictionary.

Back to top