Reengineering Is the Process by Which a Company Implements the Best

question 78

True/False

Reengineering is the process by which a company implements the best practices from its own past performance and those of other companies to improve its own products.

---

Definitions:

Job Evaluation Method

A systematic process for comparing different jobs to determine appropriate compensation levels based on their relative worth or complexity.

Benchmarking

The process of comparing business processes and performance metrics to industry bests and best practices from other companies.

Performance Appraisals

The systematic evaluation of an employee's job performance and contribution to their organization.

Point Rating Method

A systematic appraisal technique involving the assignment of points to evaluate various aspects of a job or employee performance.