REENGINEERING OF BUSINESS PROCESSES IN CRISIS

Journal Title: EMC Review: Časopis za ekonomiju i tržišne komunikacije - Year 2014, Vol 7, Issue 1

Abstract

On one hand, business processes of every economic subject are continuously exposed to negative effects of cyclical aging and on the other hand, they are under the influence of the changes in the environment. Suppression of these negative effects on business processes is in the easiest way done by reengineering, which is the specific form of business process directed to effective adjustment of these processes with the demands of external and internal changes. This refers to all economic conditions – both stable and in crisis. In this context, it should be emphasized that the current theory of the engineering of business processes is mainly based on subjective and static approach, and it is predominantly adapted to stable general business conditions. This approach, since its long and successful usage, could be called traditional. In contrary to this, general business conditions in crisis, followed by changes in economic, social and political environment, which are difficult to predict, demand the traditional reengineering to be abandoned as inefficient. Because of that, this approach should be replaced with exploratory reengineering, since it is significantly objective and appropriate for the unstable business conditions. So far, the exploratory way of reengineering has not been theoretically precisely defined and elaborated since it is still in the phase of construction and time is needed to define its basic factors and characteristics precisely. Because of that, in this manuscript we try to deepen theory and practice of exploratory directed reengineering of the business processes of economic subjects that work in the general crisis conditions. In this manuscript, we particularly emphasize the processing of two-phased procedure of exploratory reengineering in the process of projecting and making changes, in accordance with the changed demands of the environment. The goal of the example analyzed in this manuscript was to determine the effectiveness of this exploratory approach, i.e. to find out if the benefits of the established reengineering were higher than the expenses of its initiation.

Authors and Affiliations

Verica Jovanović, Pavle Radanov, Biljana Panić

Keywords

Related Articles

A MODEL OF MANAGING THE URBAN MOBILITY PLANNING PROCESS

Th e subject of research in this paper is the planning of urban mobility development in the narrow part of Sarajevo using a model based on the growth matrix. Th e hypothesis of this research is: Based on the analysis of...

HE RESARCH ON EFFICIENCY OF THE STUDENT SERVICE IN THE CASE OF UNIVERSITY NORTH, UNIVERSITY CENTER VARAŽDIN

The organization is a group of people who enable the achievement of a common goal using their own efforts. Organizing is a process which has two specifi c parts: the structure of a company and coordination of human resou...

HUMAN CAPITAL IN FUNCTION OF ACHIEVING INTERNATIONAL COMPETITIVENESS

Human capital, respectively its potential: education, skills, motivation, competence and contacts are becoming the main drivers of the development of any knowledge-based economy. In today’s era of knowledge competitivene...

RAZVOJNA POLITIKA I OCENA INVESTICIONIH PROJEKATA U MSP SRBIJE - DEVELOPMENT POLICY AND EVALUATION OF INVESTMENT PROJECTS OF SMALL AND MEDIUM ENTERPRISES IN SERBIA

Ensuring a favorable investment environment represents a very complex aspect of the development economic policy which entails a solid legislative framework, efficient and fairjustice system, minimal administrative obstac...

MJERENJE ETIČNOSTI U POSLOVNOM PONAŠANJU BANAKA: DVOJNI PRISTUP

U okviru elektronskog bankarstva poslednje decenije se razvija mobilno bankarstvo kao deo usluga koje banke nude klijentima preko korišćenja najsavremenijih mobilnih telefona i tablet uređaja. Ovaj vid bankarskih usluga...

Download PDF file
  • EP ID EP342113
  • DOI -
  • Views 81
  • Downloads 0

How To Cite

Verica Jovanović, Pavle Radanov, Biljana Panić (2014). REENGINEERING OF BUSINESS PROCESSES IN CRISIS. EMC Review: Časopis za ekonomiju i tržišne komunikacije, 7(1), 71-81. https://europub.co.uk/articles/-A-342113