Examlex
According to Michael Hammer,__________ is the systematic and complete analysis of work processes and the design of new and better ones.
Outsourcing
The practice of hiring third parties to perform services or create goods that traditionally were performed in-house by the company's own employees and staff.
Offshoring
The practice of relocating a company's business process, such as manufacturing or services, to another country, often to reduce costs.
Insource
The practice of assigning tasks or projects to individuals or departments within a company rather than to external entities.
IT Applications
Software applications that are designed to help individuals or businesses execute specific tasks or functions using information technology.
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