The Terms Process Re-Engineering and Traditional Restructuring Are Used to Describe

question 16

Essay

The terms process re-engineering and traditional restructuring are used to describe designs or changes in business processes. Explain how they are different in relationship to each other. Traditional restructuring replaces other resources with technology without changing the basic process design. Re-engineering creates processes from the beginning.
Fill in the Blank(s) (Blank Identified in RED)

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Definitions:

Legal Factors

Elements of the law that influence or affect business operations and strategy, including regulations, compliance issues, and legal disputes.

Economic Factors

These are variables and conditions that affect the economic performance of markets and businesses, such as inflation rates, unemployment levels, and interest rates.

Voting Stock

Shares that grant the holder the right to vote on company matters, such as the election of the board of directors.

Book Value

An accounting term denoting the portion of the company held by the shareholders at accounting value, not market value.