Business Process Reengineering In Financial Service Sector Commerce Essay

Business Process Reengineering In Financial Service Sector Commerce Essay Business Process Reengineering is a management practice that aims to improve the efficiency of the business process. The key to BPR is for organizations to look at their business processes from a â€Å"clean slate† perspective and determine how they can best construct these processes to improve how they conduct business. Reengineering is a fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in cost, quality, speed, and service. BPR combines a strategy of promoting business innovation with a strategy of making major improvements to business processes so that a company can become a much stronger and more successful competitor in the marketplace. Re-engineering is the basis for many recent developments in management. Also, many recent management information systems developments aim to integrate a wide number of business functions. Enterprise resource planning, supply chain management, knowledge management systems, groupware and coll aborative systems, Human Resource Management Systems and customer relationship management systems all owe a debt to re-engineering theory. Business Process Reengineering is also known as Business Process Redesign, Business Transformation, or Business Process Change Management. DEFINITION â€Å"The fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical contemporary measures of performance, such as cost, quality, service, and speed.† OVERVIEW OLD WINE IN NEW BOTTLES Business process reengineering (BPR) began as a private sector technique to help organizations fundamentally rethink how they do their work in order to dramatically improve customer service, cut operational costs, and become world-class competitors. A key stimulus for reengineering has been the continuing development and deployment of sophisticated information systems and networks. Leading organizations are becoming bolder in using this technology to support in novative business processes, rather than refining current ways of doing work. Business process reengineering is one approach for redesigning the way work is done to better support the organization’s mission and reduce costs. Reengineering starts with a high-level assessment of the organization’s mission, strategic goals, and customer needs. Basic questions are asked, such as â€Å"Does our mission need to be redefined? Are our strategic goals aligned with our mission? Who are our customers?† An organization may find that it is operating on questionable assumptions, particularly in terms of the wants and needs of its customers. Only after the organization rethinks what it should be doing, does it go on to decide how best to do it. Within the framework of this basic assessment of mission and goals, reengineering focuses on the organization’s business processes-the steps and procedures that govern how resources are used to create products and services that m eet the needs of particular customers or markets. Reengineering focuses on redesigning the process as a whole in order to achieve the greatest possible benefits to the organization and their customers. This drive for realizing dramatic improvements by fundamentally rethinking how the organization’s work should be done distinguishes reengineering from process improvement efforts that focus on functional or incremental improvement Business process reengineering is the main way in which organizations become more efficient and modernize. Business process reengineering transforms an organization in ways that directly affect performance.

How the Compliance with International Environmental Law Can be Made Essay

How the Compliance with International Environmental Law Can be Made More Effective and Enhanced - Essay Example Critical Appraisal of Mechanism for Implementation and Enforcement 18 5.1 Impact Assessment (EIAs and SEAs) 19 5.2 Special conditions for EPI in ODA 20 5.3 Public participation, transparency and accountability 21 5.4 Fragmentation of the normative aspect of the international governance system 23 5.5 Issues and implementation surrounding environmental law in Europe 23 6. Conclusions 24 6.1 No definite system or body of laws 24 6.2 No authority to legislate or enforce laws 25 6.3 Existence of operational mechanisms to support environmental policies 26 Bibliography 28 Appendix A: Comprehensive List of International Agreements 30 Appendix B: List of Major International Environmental and Natural Resources Law 33 Appendix C: Our Common Future, Annexe 1: Summary of Proposed Legal Principles For Environmental Protection and Sustainable Development Adopted by WCED Experts Group on Environmental Law 36 Appendix D: Organizations Related to Environmental & Natural Resources Law 41 1. ... Within the scope of national law, there is no problem that the duty to protect and preserve the environment is palpable and the authority to enforce it unquestionable. However, in the sphere of international law, a matter as crucial as maintaining the ability of the environment to sustain life for generations to come apparently meets with a well-meaning but inadequate response. Proposals to arm international environmental law with more teeth have been forwarded for almost half a century, and yet the more adamant environmentalists are dissatisfied that the results have been lackluster at best. It is against this background that this paper discusses how compliance with International Environmental Law can be enhanced and made more effective, within the purview of established legal principle. It shall examine the scope and extent of international environmental laws and regulations, how these are originated and organized, and the organizations charged with their implementation and enforce ment. Discussion shall thereafter proceed to how the laws are applied, the instruments by which they are enforced, what inadequacies exist in this implementation, and how to address such shortcomings with a view towards improvement. 2. International Environmental Laws & Regulations â€Å"Environmental Law is a complex body of law made up of global, international, national, state and local statutes, treaties, conventions, regulations and policies which seek to protect the environment and natural resources affected, impacted or endangered by human activities.†1 The predominant legal method for addressing legal problems that go beyond national boundaries is through the promulgation of international environmental agreements.2 For the greater part,

Ethics, Values, and Social Responsibility Research Proposal

Ethics, Values, and Social Responsibility - Research Proposal Example Fraudulent practices are common nowadays especially in the aspects where there is money involved. People have witnessed substantial cases particularly in accounting practices. There is a necessary accounting practice ethics because this consideration is giving a certain degree of credibility and integrity of the corporate world. Leaders are vulnerable to engage in corrupt practices just to optimize generation of profit for the benefit of their advantage and the company. As a result, not disclosing the exact amount for accounting purposes and tax declaration entices the leaders or the management to go for the safest way that may be in favor for their profit generation. Here where the common fraud exists, which may have prior approval of the management or the corporate leaders. On the other hand, the work at the corporate world without question may undeniably extend to one’s personal life. This is a common scenario by which employees were constantly tracked in their online via t heir social networking accounts by their leaders or managers. This at some point may be a violation of their privacy and freedom of expression considering that some thoughts or gestures they initiated on the social media may be taken against them within the context of the corporate discipline. Another important ethical issue facing the leaders and the corporate world is confined within the context both external and internal to marketing. Marketing is primarily about conveying of information, and for the sake of convincing the target market, the use of deceptive schemes has become a common action that clearly at some point will also have to undergo leader’s approval. Next to marketing, another common ethical issue involving the corporate world and leaders is about paying employees. Some corporate organizations with the sheer approval of their leaders decide to pay their employees a kind of compensation which might not eventually fall on the standard. This is for the sake of op timizing profit and such direction has to be initiated for the disadvantage of the employees by not paying them the exact or right amount for their given time and effort for the company. Finally, perhaps the oldest of its kind in the array of ethical issues facing the corporate world and leaders is the issue of discrimination triggered by race, ethnic, origin, gender and sexual orientation. This is still common to exist in some organizations today where leaders may have certain bias or prejudice against certain groups of people or organizations. As a result, they have to employ relevant company policies and most of them have to be strongly integrated with the hiring process. For them, it is the best way to fire people while they are not yet hired. These are just some of the common ethical issues one may potentially raise as taking place in the corporate arena and affecting its leader’s actual credibility and integrity to lead the entire team. Knowing which of these is particu larly taking the lead is the next point of the work at hand. Using the relevant related literature review concerning this issue will lead to the opportunity to rank these ethical concerns. Ranking the Ethical Issues Business leadership and corporate social responsibility have clearly become the common primary concern in the context of business ethics in the age of globalization (Pies, Beckmann & Hielscher, 2010; Selart & Johansen,