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In the simple circular-flow diagram, in which market are households sellers?
Michael Hammer
A pioneer of business process reengineering, known for his work on improving business processes to enhance competitiveness.
Efficiency
The ability to achieve a goal using the least possible amount of resources, such as time, money, and effort.
Process Reengineering
The essential overhaul and significant transformation of business operations to attain substantial enhancements in vital performance indicators.
Systems Bottlenecks
Points of congestion in a system where the flow of data is impaired or stopped entirely, often leading to delays and inefficiency.
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