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Business Process Re-engineering (BPR) focuses on the processes that are essential to achieving the company's business objectives and strategies. As each process is identified the four major steps used in BPR are applied. Describe these four major steps.
Daniel Kahneman
A renowned psychologist and economist, known for his work on the psychology of judgment and decision-making, as well as behavioral economics.
Amos Tversky
A cognitive and mathematical psychologist known for his collaborative work with Daniel Kahneman on the cognitive biases affecting human judgment and decision-making.
Morale Problem
A situation in which there is widespread dissatisfaction, lack of enthusiasm, or disengagement among members of a group or organization.
Bounded Rationality
A concept suggesting that decision-makers are limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make decisions.
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