Business Process Redesign - BPR

Filed Under » , ,
Dictionary Says

Definition of 'Business Process Redesign - BPR'

The complete overhaul of a key business process with the objective of achieving a quantum jump in performance measures such as return on investment, cost reduction and quality of service. Business processes that can be redesigned encompass the complete range of critical processes, from manufacturing and production, to sales and customer service. Also known as business process reengineering.
Investopedia Says

Investopedia explains 'Business Process Redesign - BPR'

Two criticisms of business process redesign are - (1) it may entail a large number of job redundancies or layoffs, and (2) it assumes that faulty business processes are the main reason for the company's poor performance, when other factors may also be responsible for under-performance.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Standardization

    A framework of ...

  2. Business Model

    The plan ...

  3. Back Of The Napkin Business Model

    A slang term ...

  4. Elevator Pitch

    A slang term ...

  5. Business Plan

    A written ...

  6. Structural Change

    An economic ...

  7. Business Process Outsourcing - BPO

    A method of ...

  8. Boom

    A period of time ...

  9. Industry

    A classification ...

  10. Prisoner's Dilemma

    A paradox in ...

Articles Of Interest

  1. What business processes were used to establish the Chevrolet motor company?

  2. Introduction To Stationary And Non-Stationary Processes

    What to know about stationary and non-stationary processes before you try to model or forecast.

  3. Business Startup Costs: It's In The Details

    Don't overlook the details when starting up a business. It's the small expenses that have the potential to make or break a great idea.

  4. Why did dotcom companies crash so drastically?

  5. Microeconomics: Factors Of Business Decision-Making

    This tutorial teaches the basics of one of the most important economic topics. A must for all investors.

  6. Should You Invest Your Entire Portfolio In Stocks?

    It is true that stocks outperform bonds and cash in the long run, but that statistic doesn't tell the whole story.

  7. The Uses And Limits Of Volatility

    Check out how the assumptions of theoretical risk models compare to actual market performance.

  8. Risk Tolerance Only Tells Half The Story

    Just because you're willing to accept a risk, doesn't mean you always should.

  9. 5 Tips For Diversifying Your Portfolio

    A diversified portfolio will protect you in a tough market. Get some solid tips here!

  10. Invest Like A Pro

    By following the strategies of the pros, even a beginner can learn to invest like an expert.
Sponsored links

comments powered by Disqus
Hot Definitions

  1. Love Money

  2. Shark Watcher

  3. Judo Business Strategy

  4. Dogs Of The Dow

  5. Chinese Hedge

  6. X-Mark Signature

Recommended
Loading, please wait...
See More »
Trading Center