Improving Business Processes by Reengineering Them,benchmarking Specific Activities Against Industry

question 23

Multiple Choice

Improving business processes by reengineering them,benchmarking specific activities against industry leaders,encouraging employee input to identify excess costs,increasing capacity utilization,and improving employee productivity lead to a significant overall gain.These are examples of which turnaround strategy used by successful companies?

• A) asset and cost surgery
• B) selective product and market pruning
• C) piecemeal productivity improvements
• D) global expansion

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Definitions:

In-Ground Swimming Pool

A permanent pool constructed in the ground, often made of concrete, fiberglass, or vinyl, offering leisure and recreation.

Follow-Up

Phase of production control in which employees and their supervisors spot problems in the production process and determine needed adjustments.

Installation

The process of setting up a piece of equipment or software to be ready for use.

Virtual Approach

A strategy that involves using digital technologies and the internet to conduct business activities, largely reducing or eliminating the need for physical presence.