"A business process, business method or business function is a collection of related, structured activities or tasks performed by people or equipment in which a specific sequence produces a service or product..."
Key activities are the tasks or processes that are critical to a business's success. This can include things like production, sales and marketing, customer service, and research and development.
Core Competencies: Refers to the unique strengths, skills, and capabilities that set an organization apart from its competitors.
Value proposition: Refers to the unique selling proposition of a business that differentiates it from the competition.
Channels: Refers to the ways in which a business interacts with its customers, both online and offline.
Cost structure: Refers to a breakdown of the costs associated with running the business.
Revenue streams: Refers to the different ways a business earns revenue, such as through sales, subscriptions, or advertising.
Partnerships: Refers to the collaborative relationships that businesses form with other organizations to achieve a common goal.
Key resources: Refers to the materials, technology, and other assets that a business relies on to operate effectively.
Outsourcing: Refers to the hiring of a third-party organization to handle certain business functions.
Strategic alliances: Refers to the cooperative relationships that businesses form to achieve shared goals.
Business process optimization: Refers to the identification and improvement of key operational processes to increase efficiency and reduce costs.
Product development: Refers to the process of conceptualizing, developing, and launching new products or services.
Research and development: Refers to the activities undertaken by businesses to improve existing products, develop new products, or find new applications for existing products.
Innovation management: Refers to the systematic management of the innovation process to bring new products, services, or technologies to market.
Agile methodology: Refers to the iterative and incremental approach to software development that emphasizes flexibility and adaptability.
Lean startup: Refers to the approach to starting and running a business that emphasizes rapid experimentation and iteration.
User experience design: Refers to the process of designing digital interfaces and interactions to improve the usability and appeal of a product.
Information management: Refers to the collection, storage, retrieval, and distribution of information within an organization.
Performance measurement: Refers to the process of setting and measuring performance metrics to track progress and identify areas for improvement.
Risk management: Refers to the process of identifying, evaluating, and mitigating risks that may negatively impact a business.
Intellectual property management: Refers to the legal and business strategies used to protect and monetize intellectual property such as patents, trademarks, and copyrights.
Production: This involves transforming resources into finished products or services.
Procurement: This activity involves acquiring raw materials, goods or services necessary to the production.
Marketing: This activity involves promoting the product or services through advertising, public relations, and social media campaigns.
Sales: This activity involves interacting with customers to sell products or services.
Research and development: This activity involves developing new products or improving existing ones.
Distribution: This activity involves moving products from producers to the end-users.
Customer service: This activity involves responding to customer inquiries and providing support.
Maintenance and repair: This activity involves maintaining and repairing products or services to ensure excellent quality.
Partner management: This activity involves managing relationships with partners and outsourcing collaborators.
Human resources: This activity involves managing recruitment, retention, training, and development of people in the organization.
Accounting: This activity involves keeping financial records and creating financial statements.
Information technology: This activity involves managing technology infrastructure, software development, and data management.
Legal and regulatory compliance: This activity involves managing compliance and legal requirements, such as contracts, regulations, and licensing.
Quality Control: This activity involves ensuring the final product meets specified quality standards.
Supply Chain Management: This activity involves managing the process of supplying goods and services from suppliers to consumers.
"...serves a particular business goal for a particular customer or customers."
"Business processes occur at all organizational levels..."
"Business processes...may or may not be visible to the customers."
"A business process may often be visualized (modeled) as a flowchart of a sequence of activities with interleaving decision points or as a process matrix of a sequence of activities with relevance rules based on data in the process."
"The benefits of using business processes include improved customer satisfaction and improved agility for reacting to rapid market change."
"Process-oriented organizations break down the barriers of structural departments and try to avoid functional silos."
"A business process...is a collection of related, structured activities or tasks."
"...performed by people or equipment."
"...a specific sequence produces a service or product..."
"...a specific sequence of activities with interleaving decision points..."
"...relevance rules based on data in the process."
"The benefits of using business processes include improved customer satisfaction..."
"The benefits of using business processes include improved... improved agility for reacting to rapid market change."
"Process-oriented organizations...try to avoid functional silos."
"Business processes occur at all organizational levels..."
"A business process may often be visualized (modeled) as a flowchart..."
"...interleaving decision points or as a process matrix of a sequence of activities with relevance rules based on data in the process."
"Process-oriented organizations break down the barriers of structural departments..."
"The benefits of using business processes include... improved agility for reacting to rapid market change."