İşletme Yönetimi Deneme Sınavı Sorusu #362860
Which internal environment component is best described as ‘a sequential set of activities to accomplish a specific organizational goal’?
Operational and managerial processes |
Business assets |
Organizational structures |
Leadership and management styles |
Financial strength |
A business process denotes a sequential set of activities to accomplish a specific organizational goal. For example, the procurement process involves steps such as investigation of appropriate suppliers, selecting suppliers, negotiating with the suppliers regarding price, delivery, quality, placing the order, and receiving the order. In a typical business organization, there are many different processes such as product assembly, quality control, maintenance, accounting transactions, recruitment of human resources, procurement, and sales. Designing and managing the organizational and managerial processes in a way to increase effectiveness and efficiency in the organization is very critical. Processes having repetitive, unnecessary and illogical steps may cause longer work times, increased stress and conflicts, low performance and motivation levels among employees, losses in time and money, longer cycle times, longer delivery times, unsatisfied customers, and deteriorated financial positions. More and more, businesses are realizing the importance of processes for success in starting restructuring projects.
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