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:

Synaptic Gaps

Tiny spaces between neurons across which neurotransmitters pass to facilitate neural communication.

Neural Pathway

A neural pathway consists of a series of connected neurons that communicate through neurotransmitters to send signals between different parts of the brain or between the brain and the rest of the nervous system.

Action Potentials

Rapid, temporary changes in the electrical charge of a cell membrane, which are essential for nerve impulse transmissions.

Opiate Drugs

Substances derived from opium or synthetically made to mimic its effects, typically used to relieve pain but also known for their potential for addiction and abuse.